Teachers Mutual Bank Limited Hiring for Head of Financial Crime at Homebush, New South Wales, Australia Full Time

About the Role

The Head of Financial Crime has overall responsibility for the development, effective planning, management, execution and performance of the Financial Crimes and Fraud Control Teams. The holder will be responsible for the effective and efficient operation and maintenance of:

• TMBL’s AML/CTF Program in accordance with its obligations
• TMBL’s Fraud Control Framework including compliance with legislative, regulatory and industry standards (eg ePayments Code).
• Will develop External and Internal contacts to enable current information sharing and relevant education to all levels in the organisation.

Head of Financial Crimes is also a key risk management role with responsibilities for advising and implementing anti-money laundering (AML) and counter-terrorist financing (CTF) (collectively referred to herein as AML) risk management framework and policies to meet AML legislation and other regulatory requirements in Australia. This includes providing advice on Suspicious Matter ing (SMR), International Funds Transfer Instructions (IFTI) ing and Threshold Transaction ing (TTR) requirements in accordance with legislation and other regulatory requirements in Australia and ensuring compliance with relevant internal policies.

About You

This highly challenging role requires the holder to be able to work independently, adapt analyse and adopt a constructive and pro-active approach within a complex business, legal and regulatory environment while working with the Financial Crimes Operations Manager, Fraud leader and other key stakeholders. They will

• Support the design and optimisation of detection scenarios relating to money laundering, terrorism financing, tax evasion, corruption, cryptocurrency laundering, child sexual exploitation, forced sexual servitude, modern slavery, human trafficking and more;
• Ensuring AML transaction monitoring rules align with the latest regulatory guidelines and industry best practices;
• Monitor existing and emerging financial crime typologies and trends to ensure adequate coverage via the Transaction Monitoring program;
• Provide advice to the business in an SME capacity on risks presented by new products and services Monitoring and ing of the systems performance to various governance and oversight committees.
• Implementation of Fraud controls to mitigate losses in line with industry code and Customer Owned Banking Association (COBA) Accord scam safe.

Further the Head of Financial Crimes is responsible for the Bank’s compliance with its obligations under:

• Foreign Accounts Taxation Compliance Act (FATCA)
• Common ing Standards (CRS) and
• APS 910 – Financial Claims Scheme (FCS).

Given the need to maintain a data code framework to support the integrity of the identification and provide details of transactions, the Head of Financial Crimes is also responsible for the relevant components of the Data Code Framework.

The Head of Financial Crimes is responsible for supporting and influencing the desired culture (ie choosing to know and choosing to act) throughout the organisation

Responsible for the effective and efficient operation and maintenance of TMBL’s

• AML/CTF Program
• Fraud Control Framework
• Obligations under FATCA and CRS
• Including collaboration with other sections of the Bank to achieve these goals, as well as timely s to the Chief Risk Officer
• Responsible for the Data Code Framework to ensure coding enables the Bank to meet its obligations under law, especially those relating to AML/CTF, FATCA, CRS and FCS
• Carry out Management responsibilities in accordance with TMBL’s policies and applicable laws.

Qualifications/Experience

• Minimum 5 years experience
• Proven experience in financial crimes management including AML/CTF monitoring and ing, Digital security knowledge, Financial Crimes Investigations, cybercrime investigations and crisis management also developing and growing business relationships and working with C-level executives and their leadership teams
• Bachelor’s Degree in financial crimes and appropriate certifications in cybercrime and security or industry equivalent experience managing a team ideally with 15+ indirect s
• Experience in managing an operational budget overseeing all functions with more than 15 indirect s, the position requires a strong Business Resilience – Cyber professional with proven experience developing and overseeing as a second line of defence IT security practices
• Strong incident, change and crisis management experience with strong working experience in cybercrime

About us:

Teachers Mutual Bank Limited is one of the largest mutual banks in Australia. We are a globally-recognised socially responsible bank with profit-for-purpose as our business model and philosophy. At our Bank, social responsibility is built-in, not bolted on and drives our business practices, people, and products.

We are proud to serve some of Australia’s essential workers in education, emergency services and healthcare. We believe they deserve a bank that does good for their community.

We have been named one of the World’s Most Ethical Companies for ten years in a row and are a Certified B Corp Bank.

Our employees embrace our organisation’s values of passion, advocacy and sustainability, and contribute to a diverse and inclusive workplace culture founded on mutual respect, equality and a focus on striving to deliver exceptional member service.

We are an Employer of Choice, promote Diversity and Inclusion, and follow EEO principles by appointing on merit. We work under a hybrid working model to provide flexibility in the workplace. For more information about working conditions as well as our employee value proposition, please visit the careers page on our website at www.tmbank.com.au or find us on LinkedIn!

How to apply:

Please click the APPLY button and follow the prompts.

For a confidential conversation, please contact Elroy Gonsalves on [email protected]

Teachers Mutual Bank Ltd may conduct a background or reference check (or both) as part of the recruitment process. By applying you agree to cooperate fully in those procedures and understand that an offer is subject to the satisfactory outcome of those checks, at the discretion of Teachers Mutual Bank Ltd.