Executive Manager AML & Sanctions Operations
Commonwealth Bank is seeking an Executive Manager to join their Group Security (GS) division, in this sought after position. Group Security supports all areas of the Group's domestic and international operations, including subsidiaries and joint ventures where the Group holds a controlling interest. GS is accountable for group-wide frameworks and assurance relating to protective security, fraud corruption control, reporting of fraud and unethical behaviour, and business continuity management, GS provides a full range of physical security, financial crime, investigations, and Anti Money Laundering (AML) Sanctions transaction monitoring and reporting services to business units. Pursuant to the AML and Counter Terrorism Financing legislation and regulatory requirements, GS has accountability transaction monitoring, suspect reporting, screening of politically exposed persons, ongoing customer and managing adverse findings for employee due diligence.
The primary purpose of this role is to:
Develop, implement and manage systems to facilitate the delivery of professional and highly valued AML Sanctions services to the Group, including the detection, assessment and investigation of AML Sanctions events.
More specifically your main duties will include:
- Design and implement GS's AML Sanctions monitoring program factoring policy, regulatory and legislative requirements for Transaction Monitoring (Batch Real Time), Ongoing Customer Due Diligence, High Risk Customers (PEP's Other types) screening and reporting of suspicious matters.
- Establish and maintain relationships with AML Sanctions stakeholders – internal and external – to support GS's AML Sanctions program.
- Design and implement stakeholder reporting program for GS AML Sanctions program.
- Design, standardise and deliver training to GS AML Sanctions staff.
- Provide subject matter expertise to Group-wide AML Sanctions program.
- Escalate deficiencies and risks in the Group's AML Sanctions program and, where appropriate, develop and implement plans to mitigate the identified deficiencies and risks.
- Implement a continuous improvement program to ensure optimisation of GS's AML Sanctions program.
- Proactively participate in industry forums, and maintain an up to date focus on AML Sanctions trends and emerging issues to support informed decision making.
- Provide direct management and leadership of your team and complete associated tasks
To be successful for this fantastic opportunity you must have:
- Demonstrated experience in leading an operational environment, specifically related to an AML and Sanctions program
- Exceptional leadership and people management skills
- Strong relationship management and key stakeholder engagement capabilities
- People coaching and developing experience
- Astute commercial acumen
In return for excellence you will be offered a very good remuneration and employee benefits package, with fantastic future career opportunities. This position is predominately based in our Parramatta offices.
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