Compliance Team Leader

Summary about this job

Detail information about job Compliance Team Leader. Terms and conditions vacancy

• Dynamic | fast-growing | Fintech | Sydney CBD Based
• Excellent Career Potential | Competitive Salary & Benefits | Perks
• Fun loving colleagues | enthusiastic workforce

The World First compliance desk are responsible for monitoring the day-to-day requirements of our prospective and current clients ensuring legislative and business requirements are met.

Key responsibilities:

• Leading a team of compliance specialist to ensure smooth running of the compliance operations team which is responsible for:
  • Oversesing the on-going Know Your Customer (KYC) requirements
  • Monitoring of account activity through the transaction monitoring system and investigating any suspicious payments received
  • Conducting account reviews on a regular basis
  • Reporting of suspicious activities and assisting in compliance investigations if necessary
• Building relationships and working with other WF teams to ensure any account issues in the client journey are timely resolved while maintaining effective compliance controls
• Acting as the key contact to drive process improvements, identifying and recommending actions to improve internal controls and efficiencies
• Acting as the subject matter expert for AML related activities, e.g. conducting due diligence reviews on new partners and service providers, marketplaces and APIs, complaint handling
• Understanding changes in regulations and the impact on the business – perform regulatory gap analysis, identify and recommend internal controls/processes as well as draft policies, procedures arising from the changes
• Reviewing and updating the AML program at least annually
• Assisting in developing strategies to promote adherence to company policies and procedures, e.g. risk-based reviews, call monitoring and quality checks
• Developing and providing AML related training
• Assisting with regulatory reporting and internal compliance related reporting (monthly and quarterly reports)
• Participating in various projects and new business initiatives and providing compliance inputs to make processes/procedures work for the business

Key Capabilities:

• Liaises openly with other business areas, functions and locations to ensure that a genuine understanding of processes, practices and policies is established
• Demonstrates effective time management and work organisation; engages in conversations with their colleagues to challenge priorities and agree a way forward effectively
• Raises potential risks and concerns regarding the decisions of others appropriately, in good time, and in a way that generates alignment
• Provides colleagues with information, data and advice to help them exercise sound judgement for the benefit of World First
• Contributes well to their team and works collaboratively and effectively across geographical, cultural and regulatory boundaries
• Good understanding of the Australian financial services environment and regulation, especially the area of financial crime
• Strong ability to understand legal and regulatory requirements and to apply them to business practices

Remuneration & Benefits:

• A competitive salary, commensurate with experience
• An excellent benefits package including annual discretionary bonus scheme
• Birthday day off, 3 life event days during your career with WorldFirst
• Annual volunteer day
• Perks, including: free breakfast, Friday drinks fridge, business casual dress code, corporate discounts, bi-annual company parties – and more!

• To Apply:

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