AML Officer
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Monthly Salary:
Posted:
Application Deadline:
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Job Summary
Were looking for an AML Officer to join CCAUs Compliance team in Melbourne. This is a hands-on role that sits at the heart of the companys day-to-day financial crime controls covering alert review customer due diligence suspicious matter reporting sanctions and PEP screening and source-of-funds assessments across the CCAU client base.
Youll work closely with the AMLCO first-line teams and the broader group Compliance function to keep controls current and effective. That means reviewing existing procedures running targeted testing and checks and pushing through improvements where gaps exist. Australian AML law requires independent human judgment that automated systems cant replace thats the core of what this role delivers.
- Review AML transaction monitoring alerts document outcomes and escalate matters where suspicion is formed
- Draft Suspicious Matter Reports (SMRs) and other regulatory reports for AMLCO review and AUSTRAC lodgement within statutory timeframes
- Conduct customer due diligence (CDD) enhanced due diligence (EDD) and ongoing reviews on higher-risk clients
- Clear sanctions PEP and adverse media screening hits with clear documented rationale
- Assess source-of-funds and source-of-wealth documentation across a range of client profiles
- Contribute to CCAUs ML/TF risk assessment policies procedures and control testing
- Support the AMLCO during regulator engagement internal audit and independent review activities
- Maintain audit-quality records so every case decision can be defended to regulators and reviewers
- Provide guidance and training to first-line teams (CS onboarding payments) and act as an escalation point
- Apply human oversight over AI-assisted AML workflows challenging outputs where the case warrants
- 35 years of AML operations experience or strong general compliance experience within a regulated financial services firm.
- Operational AML or financial crime experience in a regulated financial services firm
- Working knowledge of Australian AML obligations including the AML/CTF Act AML/CTF Rules and relevant AUSTRAC guidance
- Experience drafting SMRs and applying the reasonable grounds to suspect test in practice
- Confidence working with transaction monitoring sanctions screening and KYC platforms
- Sound judgement on source-of-funds and source-of-wealth documentation
- Clear written English suitable for regulator-facing case files and the confidence to defend a position
- ACAMS ICA or equivalent AML qualification (or active study)
- Exposure to CFDs derivatives or other leveraged products
- Experience in a multi-entity or multi-jurisdiction group structure
- Familiarity with common onboarding KYC and screening platforms
Required Experience:
Unclear Seniority
About Company
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