Transaction Monitoring Specialist

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Australian Military Bank is seeking a Transaction Monitoring Specialist in Sydney, full time onsite, reporting to the Senior Manager, Financial Crime Operations. The role focuses on mitigating AML/CTF risk through investigating daily transaction monitoring alerts, submitting SMRs, maintaining KYC including ECDD, and handling ongoing monitoring and reporting obligations for SMR, TTR and IFTI, PEPs, sanctions, fraud and card disputes. You will assess and develop Transaction Monitoring rules, present monthly activity, deliver AML/CTF training, and collaborate across the bank including with law enforcement, vendors and external partners. Successful candidates typically have at least two years in a similar role, solid investigation of alerts and unusual activity referrals, and strong communication and stakeholder skills; rule development experience is a plus. Benefits include staff banking discounts, novated leasing, parental leave, EAP and more. Probity checks apply, the bank moves quickly on interviews so tailor your CV to highlight AML/CTF achievements, AUSTRAC reporting, and cross functional delivery, and provide concrete examples of rule improvements and cross team collaboration.

As Australia’s longest serving Defence financial institution, we have supported those who protect and serve our country for over 65 years. And as a member-owned bank, we are here for our members first, helping them to achieve their financial goals with a range of competitive products and personalised service. In 2024, we were named one of the World’s Best Bank by Forbes and won Canstar’s Consumer Bank of the Year for Everyday Banking.

About the role

This role reports to the Senior Manager, Financial Crime Operations and is primarily focused on mitigating Money Laundering and Terrorism Financing risks. Responsibilities include conducting detailed investigations of transaction monitoring alerts, assessing transaction monitoring rules, KYC including ECDD, ongoing monitoring and reporting obligations of SMR, TTR and IFTI, PEPs, Sanctions, Fraud, Scams and Card Disputes. This truly is a unique and exciting opportunity to broaden your knowledge, cross-skill and work closely with all departments across the bank.

• Investigation of daily transaction monitoring alerts
• Review and submission of SMRs
• Sound understanding and working knowledge of the AML/CTF program: Part A and Part B regulatory requirements.
• Ongoing assessment of Transaction Monitoring rule effectiveness
• Development and implementation of new Transaction Monitoring Rules
• Monthly reporting and presentation of Transaction Monitoring activities
• Development and delivery of AML/CTF training with the team and across the bank
• Identification and management of AML/CTF risks
• Knowledge of and experience with AUSTRAC reporting requirements 
• Interact with external partners such as law enforcement agencies, vendors, and banks to action requests and validate information
• Involvement in Financial Crime related projects

About You

To be successful in the role you will demonstrate the below key attributes and experience:

• Investigation of Transaction Monitoring Alerts and Unusual Activity Referrals
• Suspicious Matter Reporting
• Understanding of ECDD, TTR and IFTI requirements
• Minimum 2 years in similar role
• Excellent presentation, written and communication skills
• Strong interpersonal skills, with the ability to engage stakeholders at all levels
• Rule assessment and development experience desired but not a requirement 

Benefit

Working with Australian Military Bank will provide you access to a great range of benefits including:

• Staff Banking product + Services discounts
• Novated Leasing options
• 4 weeks Paid Parental + Purchased Leave option
• Referral Reward Program
• Employee Assistance Program
• Annual Flu Shot + Blood Donor Leave
• Polo Shirt provided
• Service Awards

Why Us

Australian Military Bank forms an integral part of the wider Defence community. We offer our staff competitive remuneration, discounts on banking and insurance products and ongoing learning and development programs. You will be provided with training and coaching on the job to provide you with the tools to be successful in this role. Australian Military Bank provides realistic progression opportunity nationwide and the opportunity to embrace new technologies and ways of working. 

Probity check

As we are an Authorised Deposit Taking Institution, there is a requirement to complete the standard range of Credit, Police and Bankruptcy checks prior to commencement of employment.  

This is an exciting, challenging position with the opportunity to build your career with a highly trusted mutual bank. We move quickly with our interview process, if you are keen please submit your CV today!