The Financial Crime Operations (FCO) team sits within the Financial Crime Services (FCS) space. FCS is accountable for the development, implementation and ongoing leadership of the Groups financial crime shared services.
FCO leads the Group’s approach to managing Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) and Sanctions risks and obligations through the provision of operational services such as TM, ECDD, Sanctions, KYC. These streams work together to support the FCS purpose of Relentlessly Pursuing the Elimination of Financial Crime.
FCO, and specifically the Complex Investigations team, are looking for an outstanding AML/CTF Manager to start as soon as possible supporting the Complex Investigation team in Melbourne. The role of AML/CTF Manager will support the Financial Crime Operations function by providing oversight in a highly regulated and fast paced environment to enable the group to effectively and efficiently manage financial crime risks.
About your role
As a Manager AML/CTF Ops, you will be responsible for:
- Management of the AML/CTF team’s regulatory obligations along with the daily operations of the Complex Investigations Streams.
- Daily oversight of confirmed suspect activity with the view to understanding new and emerging trends, ensuring insights into reporting are captured and feedback passed onto relevant teams and management. This will include the escalation of identification of gaps and deficiencies, along with recommended steps for remediation.
- You will drive a high standard of the team’s capability uplift relating directly to AML/CTF processes.
- Assist the Senior Manager with building and executing the delivery plan for the Team in a timely manner.
- You will be ensuring monthly coaching sessions with each of your direct reports are completed, including development, performance and career discussions. This includes reviewing all quality issues and reworks which arise for your team and effectively input actions plans to improve results to be within tolerance levels.
- You will always champion a Continuous Improvement culture within the team, and consistently look for new opportunities to further optimise and streamline existing processes.
- You will be responsible for reviewing all quality issues and reworks which arise for your team and effectively input actions plans to improve results to be within tolerance levels.
- As a leader, you are expected to role model the group’s values and people capabilities. You will proactively take appropriate action where performance is not in line with the business’ expectations.
- This role requires engagement with internal teams within the Bank such as Line 2 & Line 1 Financial Crime Compliance teams and Line 1 Risk.
You will report directly to the Senior Manager Financial Crime Operations. This position can have up to 15 FTE direct reports. Please note that the position is for our Melbourne office.
We’re interested in hearing from people who have
- Experience in either compliance, AML/CTF, Sanctions and ABC role and a strong understanding of the AML/CTF Act and Rules.
- Demonstrable leadership experience.
- Maintaining effective relationships across multiple business units with Executive Managers and Senior Managers to enable high engagement, buy in and support for opportunities and process enhancements. This includes building strong relationships with Line 1, Line 2 and Line 3 risk functions.
- Strong financial crime knowledge and ability to drive continuous improvement culture within the team.
- Demonstrated analytical abilities with excellent organisational skills.
- Challenging of existing processes to identify waste and optimise the processes, adhering at the same time to the Group Policies and Standards and regulatory requirements.
- Strong verbal and written communication skills with the ability to present to senior stakeholders independently.
- Understanding of regulatory requirements and Group Policies and Standards relating to financial crime prevention is essential.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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Advertising End Date: 03/11/2024
