Manager AML/KYC - Financial Intelligence

at  Bank Australia

Posted: 21/01/2025
Closing Date: 04/02/2025
Job Type: Permanent - Full Time
Location: Head Office - Collingwood
Job Category: Banking and Financial Services
Do you want to be part of using the business of banking as a force for good? Do you want to create positive impact for people and the planet? Bank Australia is the bank for people who want to be part of a movement creating a fairer and more just world.
We’re growing fast as more people choose to align their banking with their values. We’re a customer owned, B Corp certified bank. We empower our staff and 185,000+ customers to be part of the clean money movement.
We currently have a permanent, full time opportunity for an AML / KYC Manager to join our Risk and Compliance division. This role will be based in our Collingwood head office and will report to the Chief Risk Officer.
The Anti-Money Laundering / Know Your Customer (AML / KYC) Manager will be responsible for leading the dedicated team who investigate, resolve and report all AML/KYC events to the quality and standard as required under the bank’s AML / CTF program. The role will provide leadership, staff development, and provide coaching to the Financial Intelligence AML/KYC analysts (4-8 direct reports) to ensure that Bank Australia’s AML / CTF operational response is managed effectively and efficiently in accordance with Bank Australia’s AML / CTF Program

• Provide leadership, coaching , development and support AML/KYC team
• Develop and manage the team’s workflow across multiple functions to ensure they are able to adapt to the evolving financial crime environment as well as changing regulations and expectations
• Lead complex investigations and provide recommendations in regards to customer relationship ie to off-board customers (Exit), or high risk customers where required
• Provide expertise to support customer-facing teams in relation to AML relating to on-boarding and customer maintenance queries
• Collaborate with Quality and Education Lead and AML Analytics Specialist to provide feedback, develop and improve AML and KYC typologies and rule scenarios
• Provide management information and insight to assist in reporting requirements for risk committees as required
• Leverage subject matter expertise to provide advice on project initiatives and environmental changes (including regulatory) that may impact the AML/KYC function
• Maintain a thorough working knowledge of the AML / CTF Act and rules together with the banks AML / CTF Program (Parts A & B) and associated procedures and make recommendations to Chief Risk Officer and Compliance as to how the AML/KYC team can efficiently and effectively meet the compliance program commitments
• Manage third party dependencies across the value chain providing expertise to ensure service performance is achieved
• Provide expertise in internal and external industry forums (ABA, COBA, AUSTRAC) to share key learnings and industry insights and liaise with Law Enforcement and other financial institutions as required
• Lead education sessions internally (at all levels) to ensure the bank is meeting its obligations of AML/CTF training.