About the Company
Commonwealth Bank is Australia’s leading provider of integrated financial services, including retail, premium, business and institutional banking, funds management, superannuation, insurance, investment and sharebroking products and services. We are committed to upholding the highest standards of financial integrity and protecting our customers and the community from financial crime. Join a team where your contribution makes a real difference in maintaining the trust and security of the financial system.
Job Description
We are seeking a diligent and detail-oriented Anti-Money Laundering (AML) Analyst to join our team in Port Augusta. In this critical role, you will be instrumental in identifying, investigating, and reporting suspicious financial activities to prevent money laundering and terrorist financing. You will apply your analytical skills to review transactions, conduct due diligence, and ensure compliance with regulatory requirements. This position offers a fantastic opportunity to develop your expertise within a leading financial institution and contribute to a safer financial environment.
Key Responsibilities
- Conduct thorough investigations into suspicious transactions and customer activities, identifying potential red flags related to money laundering or terrorist financing.
- Analyze transaction data, customer profiles, and other relevant information to assess risks and build comprehensive case files.
- Prepare and file Suspicious Matter Reports (SMRs) with AUSTRAC in accordance with regulatory guidelines.
- Collaborate with various internal departments, including compliance, legal, and fraud, to gather necessary information and support investigations.
- Stay updated on the latest AML/CTF regulations, industry best practices, and emerging financial crime trends.
- Assist in the development and implementation of AML policies and procedures.
- Provide insights and recommendations to enhance existing AML controls and processes.
- Respond to inquiries from internal and external stakeholders regarding AML matters.
Required Skills
- Strong analytical and problem-solving abilities with keen attention to detail.
- Excellent written and verbal communication skills, capable of preparing clear and concise reports.
- Proficiency in using Microsoft Office Suite (Excel, Word, Outlook).
- Ability to work independently and as part of a team in a fast-paced environment.
- Understanding of financial services operations and basic banking principles.
- High ethical standards and a strong sense of integrity.
- Proven ability to manage multiple tasks and prioritize effectively to meet deadlines.
Preferred Qualifications
- Bachelor's degree in Finance, Business, Law, Criminology, or a related field.
- 1-2 years of experience in AML compliance, financial crime, or a similar regulatory environment.
- Knowledge of Australian AML/CTF legislation (AML/CTF Act 2006 and Rules).
- CAMS (Certified Anti-Money Laundering Specialist) certification or similar industry qualification.
- Experience with transaction monitoring systems and case management tools.
Perks & Benefits
- Competitive salary and annual bonus opportunities.
- Generous superannuation contributions.
- Access to industry-leading training and professional development programs.
- Health and well-being programs, including discounted gym memberships.
- Employee discounts on banking products and services.
- Opportunity to work with a dedicated and supportive team.
- Contribution to a meaningful cause: protecting the community from financial crime.
- Career growth opportunities within a large and diverse organization.
How to Apply
If you are interested in this position, please click the "Apply Now" button below. To ensure your application is properly considered, please prepare the following:
- An up-to-date Resume or CV
- A brief cover letter summarizing your experience and motivation
Applications are reviewed on a rolling basis. Only shortlisted candidates will be contacted for an interview.
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