Senior Analyst, Risk and Compliance

at  Reserve Bank of Australia

• Impactful work that helps make a difference to the Australian people
• Develop your career in a collaborative environment
• Access to a wide-range of staff benefits, including onsite café
• Identification, analysis and management of risks and compliance obligations across our Banking Department
• A particular focus on assisting the department implement its AML/CTF and sanctions framework, including risk assessments, transaction monitoring and screening
  Do work that makes a difference
  Opportunity for an experienced Compliance Analyst to assist in managing the Department’s compliance program, including the development and monitoring of controls, to ensure the Department meets its internal, industry and legal compliance obligations. In particular there is an opportunity to assist the Department in the implementation of its AML/CTF and sanctions framework, including risk assessments, transaction monitoring processes and screening.

You will contribute to maturing and refining the second of enterprise risk management’s three lines of defence. Operationally, you will be able to work closely with front line services while remaining separate and independent, with responsibilities including instituting and carrying out periodic checks, confirming that controls are effective and embedded, reporting and monitoring output. You will also:

• Assist sections within the Department to identify, understand and manage risk and compliance obligations (e.g. fraud, AML/CTF, sanctions, privacy, business continuity and third party schemes)
• Assist with the development and implementation of appropriate controls for the Department, in consultation with key stakeholders (e.g. Risk and Compliance Department).
• Monitor and report on the effectiveness of these controls and ensure that changes are made where necessary.
• Monitor regulatory changes and liaise with affected stakeholders to ensure that they are aware of any changes which may impact on their operations.
• Provide input and reports to senior management and other key stakeholders, as required, relating to compliance activities.

Your background

To succeed in the role, it is highly desirable that you have:

• Tertiary qualifications in accounting/banking and finance or similar discipline.
• Knowledge of the government banking framework and banking products and systems.
• Experience in a banking related compliance role, such as AML/CTF and sanctions including developing or making enhancements in the AML/CTF and sanctions framework of an organisation.
• Knowledge of payments clearing and settlement arrangements.
• Self-leadership and can demonstrate critical thinking in your role.
• Experience in assessing policy settings and being able to argue for change where appropriate.

Your team
Our Banking Department provides a range of banking services to Australian Government departments and other government instrumentalities as well as a number of overseas central banks and official institutions.
As part of the team, you will support the identification, analysis and management of risks and compliance obligations across the Banking Department, including AML/CTF and sanctions obligations.
Be More
Working for an organisation that truly makes a difference to the people of Australia, we can offer development and career opportunities in a collaborative environment that supports your growth, wellbeing and promotes flexibility. Your individual growth and success drives the Bank forward as an organisation. Be more means you can do more, for yourself and for Australia.
Why RBA?
Through the pursuit of national economic policy objectives and associated activities in financial markets and banking, the RBA makes an important contribution to the Australian economy. We also issue Australia’s banknotes and operates infrastructure critical to the payments system, all of which contribute to the welfare of the Australian people.
Made up of specialists across a wide range of fields, our people have a critical role to play in achieving these objectives, whether directly or in a supporting capacity. As a values driven organisation, our people conduct themselves with a high degree of integrity, while striving for excellence in the work they perform and the outcomes they achieve. We encourage intelligent inquiry and we treat one another with respect, while promoting the public interest through our efforts.
Your application should include a resume detailing your experience and qualifications.
The Reserve Bank of Australia is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and encourage applications from experienced candidates seeking workplace flexibility.
Few places give you the balance of professional challenge and a management culture that not only supports but encourages you to live a full life outside of work and be more.
Application Close :
April 03, 2024

You will contribute to maturing and refining the second of enterprise risk management’s three lines of defence. Operationally, you will be able to work closely with front line services while remaining separate and independent, with responsibilities including instituting and carrying out periodic checks, confirming that controls are effective and embedded, reporting and monitoring output. You will also:

• Assist sections within the Department to identify, understand and manage risk and compliance obligations (e.g. fraud, AML/CTF, sanctions, privacy, business continuity and third party schemes)
• Assist with the development and implementation of appropriate controls for the Department, in consultation with key stakeholders (e.g. Risk and Compliance Department).
• Monitor and report on the effectiveness of these controls and ensure that changes are made where necessary.
• Monitor regulatory changes and liaise with affected stakeholders to ensure that they are aware of any changes which may impact on their operations.
• Provide input and reports to senior management and other key stakeholders, as required, relating to compliance activities

To succeed in the role, it is highly desirable that you have:

• Tertiary qualifications in accounting/banking and finance or similar discipline.
• Knowledge of the government banking framework and banking products and systems.
• Experience in a banking related compliance role, such as AML/CTF and sanctions including developing or making enhancements in the AML/CTF and sanctions framework of an organisation.
• Knowledge of payments clearing and settlement arrangements.
• Self-leadership and can demonstrate critical thinking in your role.
• Experience in assessing policy settings and being able to argue for change where appropriate