Think Opportunity, Think Baker McKenzie
We have an exciting opportunity for an
Anti-Money Laundering/ Counter-Terrorist Financing* (AML/CTF*) - Internal Risk and Compliance Manager to
join our Internal Risk and Compliance team in Sydney, Melbourne or Brisbane.
This is an exciting opportunity for the role-holder to lead the operational implementation of Baker McKenzie's AML/CTF Program, ensuring compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and the 2025 AML/CTF Rules. This role is critical as the legal profession transitions into Tranche 2 of the AML regime, with new obligations commencing from July 2026.
The individual will work closely with Baker McKenzie's global AML Compliance Service team (located overseas), our AML/CTF Compliance Officer, Risk & Compliance Special Counsel, legal teams, and firm leadership to embed AML/CTF controls into client workflows, manage risk-based processes, and support the firm's readiness for independent evaluations.
Main responsibilities
* Serve as a key advisor on AML/CTF matters, including queries regarding third-party payers and billing requirements; and
* Identify issues and trends and monitor the market and regulatory environment to ensure the firm's AML/CTF practices remain current and responsive.
Client Due Diligence & Risk Management
* Conduct initial and ongoing CDD, including identity verification, beneficial ownership checks, and source of funds/wealth analysis, supplementing the work performed by the firm's global AML Compliance Service team.
* Facilitate communication and problem-solving between Partners and secretaries in Australia and the AML Compliance Service team.
* Perform enhanced due diligence (EDD) for high-risk clients, including politically exposed persons (PEPs) and complex structures.
* Maintain AML/CTF risk assessments and update them in response to regulatory changes or internal reviews.
* Monitor client transactions for red flags and escalate suspicious activity in accordance with AUSTRAC guidelines.
* Coordinate personnel due diligence.
Operational Oversight
* Manage Australian aspects of AML workflows across matter intake, onboarding, and ongoing monitoring.
* Maintain secure and auditable AML/CTF records, including client verification documents and internal registers.
* Assist in drafting and submitting Suspicious Matter Reports (SMRs).
* Prepare internal AML/CTF reports for the Management Committee and governing body.
Program Development & Evaluation
* Support the development and continuous improvement of the firm's AML/CTF Program.
* Coordinate independent evaluations every three years and implement recommendations.
* Assist in preparing the firm's annual compliance report to AUSTRAC.
* Monitor regulatory developments and industry trends to ensure the AML/CTF Program remains current and effective.
Training & Awareness
* Monitor third-party AML/CTF e-learning course.
* Deliver supplemental AML/CTF training to legal and support staff, tailored to designated services and risk profiles.
* Track e-learning and supplemental training completion and report on compliance metrics.
* Promote a culture of compliance and ethical conduct across the Firm.
Technology & Innovation
* Collaborate with IT and compliance teams to implement AML technology solutions (e.g., digital ID verification, automated risk scoring).
* Identify opportunities to streamline AML processes and improve operational efficiency.
About you
You will have:
* A bachelor's degree in Law, Business, Finance, Risk Management, or a related field;
* good experience in AML/CTF or KYC compliance, preferably in legal, financial services, or consulting;
* strong knowledge of the AML/CTF Act, 2025 Rules, and AUSTRAC reporting obligations;
* experience with onboarding, CDD/EDD, transaction monitoring, and SMR preparation;
* familiarity with legal privilege and confidentiality in a law firm context;
* excellent analytical, communication, and stakeholder engagement skills;
* ability to manage competing priorities and work independently; and
* proficiency with AML platforms and tools (e.g., digital ID verification platforms like Equifax, LexisNexis, or GBG; workflow systems like Intapp or iManage).