• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Commonwealth Bank of Australia
  • 18 Jan 18

Junior Compliance Officer

Junior Compliance Officer

Job no: 997422
Business group: Risk Management
Grade: AWA-AMA AMA Salary Grade
Work type: Permanent full time
Location: New York
Categories: Risk Management & Compliance

Junior Compliance Officer

New York

The Commonwealth Bank of Australia is a leading Australian provider of integrated financial services including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and share broking products and services. The Bank is one of the largest listed companies on the Australian Stock Exchange and is included in the Morgan Stanley Capital Global Index.

Institutional Banking and Markets is one of the client-facing businesses within the Commonwealth Bank and manages the Bank's Institutional, Corporate, and Business clients. The business provides customised products and services for clients with more complex financial needs. IB&M designs and produces business products for distribution across the Bank, and undertakes financial markets activities in foreign exchange, debt, equities and derivatives.

See yourself in the role

In this role, you will be responsible for providing support to MLRO, as well as providing Line 1 with advice on day-to-day BSA/AML/CTF and Financial Crime matters affecting the business, including, but not limited to, customer identification and due diligence, enhanced due diligence, client risk assessment, waiver requests, etc.

Your role will also entail SAR investigation and reporting; perform 314a bi-weekly screening checks and investigation of alerts. You will maintain AML policy and procedures, compile relevant regulatory actions (e.g. fines, penalties, civil, criminal etc.) in relation to BSA AML, Financial Crime, ABC violations for Management reporting and have an understanding and be able to update MLRO and other teams on regulatory landscape changes.

You will support BSA/AML MLRO with BSA AML training assignment; Review BSA/AML Financial Crime training modules (electronic) and maintain status/completion tracking; Create face to face BSA AML Training. You will be required to conduct research/gap analysis around new business activities, products, etc. And perform quality assurance testing around transaction monitoring and wire payment screening, KYC on-boarding, OFAC sanction lists.

We are looking for individuals who
  • Demonstrate some Knowledge of current bank regulatory and legislative requirements and industry guidance.
  • Ability to manage conflicting priorities against tight deadlines.
  • Team player with the ability to liaise and communicate effectively
  • Willingness to be an integral contributor to a small compliance team to support the business
  • Strong written and verbal communication
  • A self-starter, resourcefulness and ability to meet deadlines important to success

Please Note: You MUST be a US citizen to apply for this role.

This is a great opportunity for an entry level junior Compliance officer, with some generalist knowledge/experience, looking to building on that and learn within a small team environment.

The people, businesses and communities we serve are wonderfully diverse. To reflect this, we're committed to hiring a similarly diverse workforce. With a focus on inclusion, accessibility and flexibility, we'll support you at every stage of your career.

We value you and won't leave you hanging. Our advertising closes Friday January 19 th 2018, so please expect to hear from us a week from the closing date.

Advertised: 05 Jan 2018 Eastern Standard Time
Applications close: 19 Jan 2018 Eastern Standard Time

It's our people's talent, initiative, ideas and energy that help us achieve great things, together.