AddressSenior Manager – FCC Advisory, Correspondent Banking
Do work that matters:
The Financial Crime Compliance (FCC) team is accountable for the development, implementation and ongoing leadership of the Group’s financial crime compliance services. FCC leads the Group’s approach to managing AML / CTF, Sanctions and Anti-Bribery and Corruption risks and obligations through the provision of the following services:
- Policy and frameworks
- Regulatory engagement
- Advice and assurance
- Complex escalations
See yourself in our team:
Reporting to the Executive Manager, FCC Business Banking (BB) Payments and Correspondent Banking Advisory, you will provide services to support BB Correspondent Banking in the effective and efficient management of financial crime. This will mean working closely with our stakeholders, and colleagues, to provide financial crime related advice on projects, transactions, products, industry and regulatory changes.
On any given day you will:
- Provide advisory support to identify, manage, and mitigate the financial crime risks within the Correspondent Banking framework.
- Provide quality advice on financial crime matters and participate in relevant risk assessments, working groups and governance forums.
- Assist and review Correspondent Banking Due Diligence (CBDD) assessments for Correspondent Banking Relationships (CBRs)
- Conduct Financial Crime Compliance calls and Questionnaires with Correspondent Banking Relationships (CBRs) evaluating their programme and compliance with regulations.
- Assist and review responses relating to CB Requests for Information (RFI) and Questionnaires, including attending calls to discuss the CBA Groups Financial Crime Compliance with regulations.
- Assist the line 1 teams to develop and execute appropriate action plans to address identified issues relating to financial crime.
- Create and assist with the creation, updating and delivery of Group policies, standards, and guidance documents.
- Provide feedback on Group policies, standards, and guidance documents from a Correspondent Banking perspective.
- Conduct impact assessments and Line 2 FCC view on Business Bank Products and services.
- Create or assist with providing Line 2 Financial Crime papers/updates to relevant Governance forums relating to Financial Crime matters impacting Business Bank.
- Contribute to the development and delivery of Management Information (MI) reports.
- Support the business in establishing controls, procedures and training necessary to align with the Group’s financial crime policy framework.
We’re interested in hearing from people who have:
- Extensive (3+ Years) experience in a Line 2 Financial Crime Compliance advisory role.
- Understanding of the financial crime regulatory framework with deep technical knowledge of the AML / CTF & Sanctions.
- Understanding of the AUSTRAC Correspondent Banking regulations.
- Understanding of International Payments is desirable.
- Excellent stakeholder management skills with proven experience to influence outcomes.
- Strongly developed oral and written communication.
Working at CommBank
At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.
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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