Senior Compliance OfficerJob Overview
The Senior Compliance Officer is responsible for overseeing and strengthening the organisation's regulatory compliance framework across its Digital Currency Exchange, remittance services, and AFSL-regulated activities. This role has a strong focus on ensuring compliance with AUSTRAC, ASIC, AML/CTF, licensing, reporting, governance, and regulatory engagement obligations.
The Senior Compliance Officer will provide regulatory compliance advice to management and business teams, including guidance to KYC onboarding, AML operations, product, and customer-facing teams. The role is expected to support the ongoing development of compliance policies, monitoring programs, regulatory reporting, and financial crime risk controls.
Key ResponsibilitiesRegulatory Compliance and Framework Oversight
* Develop, implement, and maintain the organisation's compliance framework across DCE, remittance, AML/CTF, and AFSL obligations.
* Ensure ongoing compliance with AUSTRAC requirements, ASIC regulatory standards, licence conditions, and applicable financial services obligations.
* Monitor regulatory developments and assess their impact on the business.
* Advise the business on regulatory change, compliance obligations, and implementation requirements.
AML/CTF Program Oversight
* Maintain and enhance the organisation's AML/CTF program, including customer identification, customer due diligence, enhanced due diligence, transaction monitoring, sanctions screening, and suspicious matter reporting processes.
* Support the designated AML/CTF Compliance Officer function, or act as the AML/CTF Compliance Officer where required.
* Review and advise on complex AML, KYC, sanctions, and customer risk matters.
* Ensure AML/CTF controls are aligned with the organisation's risk-based approach.
KYC Onboarding and AML Advisory
* Provide guidance to KYC onboarding teams on customer due diligence, enhanced due diligence, source of funds/source of wealth, high-risk customers, and escalation procedures.
* Advise AML operations and onboarding teams on complex customer risk assessments and regulatory expectations.
* Support decision-making on customer acceptance, rejection, restrictions, and ongoing monitoring.
* Assist in developing KYC procedures, onboarding standards, risk rating methodologies, and escalation frameworks.
Regulatory Engagement
* Support engagement with regulators, including AUSTRAC and ASIC.
* Prepare and coordinate responses to regulatory enquiries, inspections, audits, and reviews.
* Manage or assist with regulatory reporting, notifications, licence obligations, and compliance attestations.
* Maintain records of regulatory correspondence and actions arising from regulatory engagement.
Financial Crime Risk Management
* Identify, assess, and mitigate risks relating to money laundering, terrorism financing, fraud, scams, sanctions breaches, and other financial crime risks.
* Review emerging financial crime typologies and recommend enhancements to controls.
+h3>Financial Crime Risk Management
* Identify, assess, and mitigate risks relating to money laundering, terrorism financing, fraud, scams, sanctions breaches, and other financial crime risks.
* Review emerging financial crime typologies and recommend enhancements to controls.
* Support investigation of significant incidents, breaches, unusual activity, and suspicious matters.
* Oversee remediation actions and ensure control gaps are addressed.
AFSL and Remittance Compliance
* Support compliance with AFSL obligations, including general conduct obligations, breach reporting, and financial services governance.
* Ensure compliance with remittance obligations, including reporting and operational controls.
* Advise relevant business teams on obligations connected to financial services, cross-border payments, remittance, and digital asset products.
Policy, Governance and Assurance
* Develop and maintain compliance policies, procedures, frameworks, registers, and governance documents.
* Design and execute compliance monitoring and assurance programs.
* Conduct periodic reviews, control testing and independent assessments.
* Report findings and track remediation actions through to completion.
Training and Culture
* Develop and deliver compliance, regulatory, AML/CTF, KYC, and financial crime training.
* Promote a strong compliance culture across the organisation.
* Provide practical guidance to staff on regulatory obligations and expected conduct.
Reporting and Stakeholder Management
* Prepare compliance and risk reports for senior management, board, and relevant committees.
* Highlight key regulatory risks, breaches, incidents, control gaps, and remediation actions.
* Engage with internal stakeholders, including product, operations, onboarding, finance, legal, and leadership teams.
* Mentor junior compliance staff and support capability development within the compliance function.
Qualifications and ExperienceEducation
* Bachelor's degree in Law, Finance, Business, Commerce, or a related field is required.
* Professional certifications such as CAMS, RG146, or equivalent compliance qualifications are highly desirable.
Experience
* Minimum 3–5 years of compliance, regulatory compliance, AML/CTF, financial crime, or risk experience.
* Strong experience with AUSTRAC-regulated entities, AML/CTF obligations, KYC frameworks, and regulatory reporting.
* Experience in fintech, digital assets, payments, remittance, or AFSL-regulated financial services is highly desirable.
* Experience engaging with regulators, auditors, senior management, and operational teams is preferred.
Skills and Competencies
* Strong knowledge of AUSTRAC AML/CTF framework and ASIC regulatory requirements.
* Understanding of DCE registration, digital asset compliance, remittance obligations, and AFSL compliance.
* Strong practical knowledge of KYC enhanced due diligence, transaction monitoring, sanctions, SMR processes, and financial crime risk controls.
* Ability to interpret legislation, regulatory guidance, and compliance obligations and translate them into practical business controls.
* Strong analytical, investigation, and risk assessment skills.
* Excellent written and verbal communication skills.
* Ability to provide clear and practical advice to business teams.
* Robust stakeholder management skills, including engagement with senior management and regulators.
Personal Attributes
* High integrity and strong professional judgment.
* Confident advising on complex regulatory and financial crime matters.
* Proactive in identifying risks and improving controls.
* Comfortable operating in a fast-paced fintech and regulatory environment.
* Strong leadership, mentoring, and stakeholder management ability.
* Commercially aware while maintaining strong regulatory discipline.
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