Senior Compliance Associate
Senior Compliance Associate
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Job Description
Hi. Were OFX a global provider of online international payment and money management services. Our journey is one of exciting growth and transformation revolutionizing how businesses and individuals move and manage money globally. Were evolving into a global payment solutions provider enabling businesses to streamline their global financial operations improve control reduce costs and achieve more. Our new Business Platform offers clients realtime visibility and controls over their payments expenses approval workflows and reconciliations to help make business easier.
At OFX youll have the opportunity to bring your expertise to life collaborate across disciplines and be part of a team shaping the future of global money management.
Purpose of your role
A selfstarter the Senior Compliance Associate contributes Compliance expertise and data competencies to the Risk and Compliance function of OFX. You will be responsible for supporting the execution of our compliance programs and providing highquality advisory support to the frontline teams of OFX. This role provides 2nd line of defense support to the Head of Compliance APAC as well as direction and guidance to Commercial Operations and 1st Line functions appropriately balancing business and compliance needs.
Key Aspects of the Role
- Assist in the execution and monitoring of the Australia and New Zealand AML/CTF regulatory obligations and Sanctions programs.
- Work closely across the Risk Compliance and Fraud functions and with Commercial and Operations teams to ensure a culture of compliance is maintained.
- Provide expertise advice and guidance to Commercial and Operations teams and other key stakeholders on enquiries and complex matters.
- Actively seek to identify and escalate for investigation of any matters which may be suspicious.
- Ensure accurate and timely regulatory reporting and support regulator engagement.
- Contribute to the update and review of Policies Standards and Procedures. Work closely with the Assurance and Continuous Improvements team to enhance and document our processes and procedures.
- Provide support to leadership as a key member of the APAC Compliance function.
- Promote development and cohesion throughout Compliance teams across the company.
- Take ownership for maintaining and validating a quality data environment for the APAC Compliance functions.
Key Tasks (Detailed)
- Run validate and submit regulatory reporting for the Aus and NZ business units including IFTI PTR and DTCC reporting.
- Lead / pointperson for audits for Aus and NZ business units.
- Assisting with oversight of the licensing/regulatory controls framework.
- Review PEP approvals sanctions alerts and escalations for MLRO approval.
- KYC Refresh review process provide advice and support to ongoing development of client landscape.
- Provide a liaison point between compliance and the customer due diligence team to support quality onboarding of OFX customers.
- Provide guidance to frontline deal teams on Prohibited and Restricted business policies
- Support incident and breach management providing advice to frontline teams.
- Complaints management reviewing all incoming complaints / updates to Protecht and assist with creating risk committee and board reporting.
- Assist in preparation of annual compliance reports for Aus and NZ business units.
Qualifications :
What you bring
- 3 years experience in a similar role in Risk and Compliance in the financial services sector ideally within a Payments related business.
- Knowledge of current AML/CTF Risk AntiFraud and broader financial services obligations and frameworks in Australia and New Zealand.
- Regulatory reporting knowledge particularly in relation to AUSTRAC IFTIDRA structures
- Adept at operating in a disbursed collaborative environment.
- Handson experience with data preparation or data visualisation tools (Alteryx PowerBI Tableau Looker)
- Ability to identify and solve data problems originating from business processes or nontechnical reports.
- Exposure to risk analytics AML or analytics in regulatory compliance will be highly appreciated
- Ability to prioritise work and resources keeping business objectives at the forefront of the decision making process.
- Strong stakeholder management and problemsolving skills.
- Strong communication skills both written and verbal.
- Ability to maintain high standards of accuracy and work under pressure to achieve deadlines.
Additional Information :
What its like working at OFX
Were OFXers because we want to make a difference. We see challenges as opportunities and were not afraid to roll up our sleeves to get stuff done. Were committed to making things easier for our clients pushing boundaries and continuing to move with the times so that we can continue to inspire confidence every day and through every transaction.
We operate as one team crossfunctionally and globally to drive outcomes that deliver excellence for our customers. Were curious selfstarters who love learning and sharing our knowledge with others. We embrace change and use our initiative and resilience to overcome challenges.
- Always keep learning. We offer a wide range of learning and career development opportunities to help every OFXer build their capacity and career with leadership training secondments internal mobility and access to a large library of online learning.
- Make a difference. Through our Make a Difference program we encourage OFXers to give back to causes and communities that are important to them. We celebrate this with an annual volunteer day which OFXers can use together or individually as well as matched giving and the opportunity to nominate charity of choice every quarter.
- Reward and recognition. We recognise a job well done. OFXers are encouraged to celebrate their peers effort technical expertise or support through a range of global and regional channels and awards including quarterly and annual awards milestones and shout outs.
- Showing our social side. Our Good Vibes employeeled committees around the globe organize events to help keep our employees engaged inside and outside the office. Whether its a wellbeing activity end of year celebration or a monthly team gettogether our team wants you to feel welcome!
- Benefits that mean something. We offer a range of fantastic benefits including primary and secondary gender neutral carer parental leave (16 weeks) or birthday leave youll feel wellsupported at OFX.
- A great work environment. Enjoy worklife balance and flexibility with our hybrid work model in an inclusive diverse and nonhierarchal culture.
At OFX we are committed to fostering a diverse inclusive and accessible workplace where we value respect and encourage our people to be their authentic selves. With an employee base as diverse as the clients we serve we know that fostering an inclusive workplace is fundamental to our continued success. If you require accommodation for any portion of the recruitment and hiring process please email us at .
We encourage you to apply if this role aligns with your career aspirations.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
