Commonwealth Bank
Analyst - AML/CTF Operations
To empower our people and the communities in which we work and making sustainable, transparent and balanced business decisions.
Banking and investment
Full-time
Office | Melbourne, VIC, Australia
Visa sponsorship · No
Senior · A role for someone with advanced knowledge and skills. May involve mentoring, leading others or specialisation. Typically at least 5 years of experience.
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Why Commonwealth Bank
We really love working here, and we think you will too. Diversity, flexibility and innovation are just some of the reasons why our people come to work every day.
Our team includes around 45,000 people from all walks of life, with different goals, experiences, and perspectives. At CommBank we’ll encourage and support you to be yourself. This is a place where you can feel confident expressing who you really are; where you belong because of your uniqueness.
About the role
The Role. As an Analyst you will be responsible for the prevention, detection, investigation and escalation of AML/CTF risks across the Group, specifically relating to Transaction Monitoring and Enhanced Customer Due Diligence (ECDD). You will use investigative skills to perform TM and ECDD checks and analysis to identify Money Laundering and Terrorism financing activity, across a range of individuals and entities. This role will directly contribute to the Group’s AML/CTF obligations with respect to the Group’s Part A and Part B Programme and FATCA/CRS requirements. You will also be motivated to stay abreast of financial crime and security related trends and emerging issues, proactively identifying, understanding, and acting on and/or escalating current and future risks to the group. These are permanent positions, and will undergo a detailed in-office training program (up to 12 weeks). On any given day you will:
- Ensure all cases are reviewed within the Groups Standard Service Level Agreement.
- Capture and document your due diligence, findings and decision rationale within the relevant alert and case management systems.
- Act in a discrete and confidential manner to ensure the Groups policies and processes remain confidential, and tipping-off provisions are not breached.
- Maintain an up-to-date understanding of the anti-money laundering, counter terrorism financing and sanctions legal and regulatory obligations of the group as they apply to your role.
- Build effective relationships with a range of stakeholders including peers, leaders, QA and L1 Risk partners, FCC and technology delivery teams.
- Contribute to a Continuous Improvement culture within the team through identifying uplift initiatives.
- Take accountability for your own key performance indicators as well as contributing to the team’s performance/targets inclusive of team culture.
- Operate within delegated authorities and follow all Standard Operating Procedures.
We’re interested in hearing from people who have: Well-developed judgement & investigative skills, able to use resources at your disposal to produce effective results, often in a highly operational and time sensitive environment. You will also have:
- Experience in a fast-paced, high volume operational environment preferred
- Experience in a financial crime, regulatory or law enforcement operations role preferred
- Drive and a willingness to learn multiple streams across FCO
- Completion of tertiary education preferred
What you'll be responsible for
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Investment Advisory and Negotiation
Negotiate and advise on deals and contracts with clients and other stakeholders, including the structure of the investment, terms of transaction and any legal agreements involved
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Client/Investor Relationship Management
Build and maintain strong relationships with clients and investors, providing ongoing support throughout the transaction lifecycle
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Due Diligence
Manage due diligence processes to ensure that all relevant information is identified and evaluated
Skills you'll need
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Resilience
Bounces back from stressful experiences while being optimistic, emotionally aware, and adapts to change
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Results orientation
Focuses on outcomes and the steps it takes to achieve them
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Flexibility
Copes with changes and ambiguity in varying circumstances and can adapt behaviour effectively
Meet the team
You will help manage the end-to-end delivery of Trade Finance transactions across the Group while partnering with Trade Sales Specialists and product specialists to ensure growth and delivery of service to our clients on their trade finance needs focussing on trade finance funding and trade documentation relating to the importation and exportation of goods - Letters of Credit/LC's and collection documents.