About the Role
You will support the Head of Compliance to ensure the Compliance Function and the Compliance Risk Management Framework operates effectively and meets regulatory expectations. You will lead the Compliance Framework and the Compliance Program and ensure it is comprehensive and sustainable, including documenting and maintaining policies, standards, and procedures for all aspects of the Compliance Program. You will work with the business and global risk and compliance functions to build, embed and maintain governance, risk and compliance frameworks to support regulated financial services products. You will maintain the Australian Credit Licence including governance, compliance oversight and due diligence, and the compilation and submission of the annual compliance certificate requirements with ASIC. You will manage monitoring, reporting, audit and testing activities, including reporting to regulators, Board and internal Governance committees. You will assist the business with compliance incident management and potential reportable situation assessments. You will lead and manage projects to assess, implement and monitor adherence to new regulatory obligations and policies. You will oversee compliance risk assessments on new financial products, services and initiatives to ensure they meet Compliance Framework and Program requirements. You will manage databases, registers and other records relating to compliance risk management. You will work with the business to enhance awareness and educate on compliance risks, mitigation strategies and options. You will advise internal management and business partners on the implementation and operation of compliance programs. You will report on compliance risks, trends and key performance metrics. You will drive a strong risk culture and awareness in day to day business decisions.
Requirements
- 15+ years working experience as a compliance and risk professional in Australian financial services environments, with knowledge of obligations as they apply to regulated financial services products, and maintenance of financial services regulatory licences.
- Experience in building and maintaining frameworks to support regulated financial services products.
- Knowledge of regulatory interactions and investigations including managing information requests and audits, responding with urgency, and developing and tracking management action plans.
- Outstanding communication (written and verbal) skills with the ability to communicate complex topics in a clear and effective manner to stakeholders and senior leaders.
- Deep knowledge of financial services regulation including a detailed understanding of the regulators' expectations of compliance governance culture risk management and individual accountability This will require compliance subject matter expertise on a broad range of financial services areas including regulated consumer credit BNPL compliance payment systems regulation P2P non cash payment facilities financial services licensing obligations review and approval of marketing collateral design and distribution obligations AML, collections, consumer protection, anti-bribery and corruption and other conduct related areas.
- Experience identifying recording and overseeing the remediation of incidents and issues and escalating reporting them to the appropriate teams and regulators.
- Ability to prioritise across competing deadlines and influence cross functionally and globally.
- Tertiary qualified in relevant discipline.
- You are naturally passionate about why compliance matters and how it contributes to successful business and community outcomes.
- You have a data and technical focus with an ability to analyse and operationalize new and emerging regulatory obligations and have experience using innovative tools such as AI to improve compliance outcomes.
Responsibilities
- Supporting the Head of Compliance to ensure the Compliance Function and the Compliance Risk Management Framework operates effectively and meets regulatory expectations.
- Leading the Compliance Framework and the Compliance Program and ensuring it is comprehensive and sustainable including documenting and maintaining policies standards and procedures for all aspects of the Compliance Program.
- Working together with the business and global risk and compliance functions to build embed and maintain governance risk and compliance frameworks to support regulated financial services products.
- Maintaining the Australian Credit Licence including governance compliance oversight and due diligence and the compilation and submission of the annual compliance certificate requirements with ASIC.
- Management of all monitoring reporting audit and testing activities including reporting to regulators Board and internal Governance committees.
- Assisting the business with compliance incident management and potential reportable situation assessments.
- Leading and managing projects to assess implement and monitor adherence to new regulatory obligations and policies.
- Oversight compliance risk assessments on new financial products services and initiatives to ensure they meet Compliance Framework and Program requirements.
- Manage databases registers and other records relating to compliance risk management e g maintaining project plans logging issues and incidents completing risk assessment forms and action logs.
- Working with the business to enhance awareness and educate on compliance risks mitigation strategies and options.
- Advising internal management and business partners on the implementation and operation of compliance programs.
- Reporting on compliance risks trends and key performance metrics.
- Driving a strong risk culture and awareness in day to day business decisions.
Benefits
- Remote work
- Medical insurance
- Flexible time off
- Retirement savings plans
- Modern family planning