Financial Crime Detection Associate at Vanguard

Melbourne, Victoria, Australia -

Full Time

Start Date

Immediate

Expiry Date

03 Jun, 26

Salary

0.0

Posted On

05 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Crime Detection, Transaction Monitoring, Name Screening, AML/CTF, Risk Assessment, Data Interpretation, PEP Screening, Adverse Media, Due Diligence, Communication Skills

Industry

Financial Services

Description

About Vanguard More than 45 years ago, John C. Bogle had a vision to start an investment company that did things differently. A company with no external shareholders. Where all the profits were invested back into the business and used to lower costs. Evidently, it was as bold as it was brilliant. To this day, Vanguard Group still has no external shareholders. That means no share prices to protect, and no profits to generate for outside owners. Today, Vanguard is one of the world’s largest investment management companies, serving more than 50 million investors worldwide. For more than 25 years Vanguard Australia has been supporting individual investors, financial advisers, and superannuation members to achieve their long-term financial goals. Financial Crime Detection (FCD) supports the initial review and dispositioning of transaction monitoring and name screening alerts. This role will include transaction monitoring activities across varying account types (e.g. individual, companies, trusts) and across several Vanguard offerings (e.g. retail, institutional, superannuation). This role works collaboratively within the FCD team and with stakeholders across Financial Crime Operations (FCO). Core Responsibilities: Conduct first-round critical analysis of alerts generated via the Transaction Monitoring Program (TMP) to detect and assess financial crime risk. Manage and clear alerts generated in the Transaction Monitoring (TM) System, within designated SLAs, KPIs, and quality targets. Escalate unusual matters to Seniors in Financial Crime Operations, or the FCD Team Leader. Interpret transaction data to pursue lines of inquiry regarding customers, source of funds, beneficial owners, and related parties. Provide support to Financial Crime Operations team and aid understanding of new cases and emerging financial crime typologies. Assist in the assessment of matters related to screening of customers for PEPs, Relatives/Close Associates, Adverse Media, and Third-Party Risk. Identify new and emerging financial crime trends and risks. Support FCO leaders and seniors in delivering project-based initiatives Qualifications Relevant work experience or transferable skills relating to financial crime, AML/CTF, transaction monitoring, or a related field (e.g. forensics, compliance, risk) Knowledge of AML typologies, customer screening requirements, transaction monitoring, PEPs, or Enhanced Customer Due Diligence (ECDD) obligations. Formal training/qualifications in AML/CTF and/or investigations (desirable). Excellent written and verbal communication skills. Inclusion Statement Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.” We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values. When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard’s core purpose. Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. How We Work Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience. Vanguard, one of the world's largest investment management companies, serves individual investors, institutions, employer-sponsored retirement plans, and financial professionals. We have a diverse and talented crew with a culture that promotes teamwork, along with an unwavering focus on serving our clients' best interests. This website uses "cookies" to distinguish you from other users. A cookie is a small file of letters and numbers placed on your computer or device. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site and services. The cookies are stored locally on your computer or mobile device. To accept cookies you can continue browsing as normal. Or you can go to our Privacy Policy to read more information and learn how to change your preferences.

Responsibilities

This role involves conducting first-round critical analysis of alerts from the Transaction Monitoring Program to detect and assess financial crime risk across various account types and offerings. Responsibilities also include managing and clearing alerts within SLAs and escalating unusual matters to senior team members.