AML Compliance Analyst

Deep Blue Company

3d•Remote

About The Position

The main responsibility of the AML Compliance Analyst is to support our response to Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Tranche 2 reforms, which will bring conveyancers and other designated non-financial businesses and professions (DNFBPs) under the AML/CTF Act for the first time. Reporting to the AML Compliance Officer, you will play a central role in designing, implementing, and managing AML/CTF compliance obligations for our conveyancing clients and internal stakeholders, ensuring readiness ahead of the legislative commencement date.

Requirements

A Bachelor’s Degree (2:1 or above preferred) or relevant work experience required
In-depth understanding of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) requirements, along with the financial crime risks related to various services in the legal industry
Experience in AML, Know Your Customer (KYC), and Due Diligence monitoring, including relevant processes and systems
Strong ability to manage processes efficiently, maintaining accuracy and attention to detail
Exceptional communication and stakeholder management skills
Highly organized, with the ability to work effectively under pressure and meet deadlines
Capable of contributing ideas for process improvements and adapting easily to changes in procedures
Positive attitude with a solution-focused approach in all aspects of work
Proficient in Microsoft Office applications and other productivity tools
Ability to work independently and collaborate with other departments as needed
Conducive home office (free from noise and distraction)
Main internet: wired internet of at least 100mbps
Reliable back up internet: at least 20mbps speed

Nice To Haves

A recognized AML or Compliance qualification is desirable, but not essential

Responsibilities

Review and advise on Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures for conveyancing transactions
Identify and assess money laundering, terrorism financing, and fraud risks specific to the conveyancing industry
Support the development and application of risk-based approaches to client onboarding and ongoing monitoring
Assist in the preparation and review of suspicious matter reports (SMRs) and threshold transaction reports (TTRs) as required
Leverage experience in fraud detection to identify red flags relevant to property transactions
Conduct transactional monitoring and review alerts in accordance with established escalation processes
Collaborate with stakeholders to investigate potential AML/CTF breaches or suspicious activity
Liaise with conveyancers, legal practitioners, and other designated service providers to assist in compliance readiness
Prepare management reporting and compliance dashboards for senior leadership and board-level committees
Participate in industry working groups and maintain relationships with AUSTRAC and other regulatory bodies as required
Assist with internal audits and regulatory examinations, including preparation of responses and evidence packs