Job Title: Financial Crime Analyst (Contract)

Location: Sydney
Job Type: Full-time (Contract/Temporary role)
Department: Financial Crime Compliance
Reports To: Senior Manager, Financial Crime Compliance

About Us:
Our client is a global leader in financial services, offering a comprehensive range of products and services to individuals, businesses, and institutions. We are committed to upholding the highest standards of financial integrity, and we recognize the importance of protecting our clients and operations from financial crime. As part of our continued investment in risk management and compliance, we are looking for a dedicated Financial Crime Analyst to support our efforts in identifying, assessing, and mitigating financial crime risks.

Role Overview:

As a Financial Crime Analyst, you will play an integral role in safeguarding the bank's operations by identifying potential risks related to financial crime. You will leverage advanced monitoring tools, analyze complex data, and collaborate with internal teams to ensure the bank is able to detect and address potential suspicious activities proactively. Your insights will support compliance with regulatory requirements and help improve processes to manage financial crime risk.

Key Responsibilities:

• Monitoring & Risk Detection:
• Review transactions and customer activities to identify potential signs of financial crime, such as money laundering, fraud, or other illicit financial activities.
• Assist in identifying and escalating high-risk behaviors or suspicious transactions to ensure timely intervention and risk mitigation.
• Contribute to the ongoing monitoring of transaction flows, working with data analytics teams to flag patterns or anomalies that may warrant further investigation.
• Data Analysis & Reporting:
• Perform in-depth analysis of flagged transactions and customer activities, ensuring that key risk factors are considered when assessing potential financial crime.
• Compile and present findings to management, highlighting trends, emerging risks, and providing actionable insights for further review.
• Maintain detailed records of investigative activities, ensuring compliance with internal processes and external regulatory requirements.
• Regulatory Compliance & Documentation:
• Ensure that all financial crime activities are handled in accordance with applicable regulations, including AML (Anti-Money Laundering), KYC (Know Your Customer), and FATCA (Foreign Account Tax Compliance Act).
• Assist in preparing reports for regulatory bodies as required, ensuring accuracy and timely submissions.
• Support the implementation of new policies and procedures to stay in line with evolving regulatory requirements and industry best practices.
• Collaboration & Stakeholder Engagement:
• Work closely with cross-functional teams, including compliance, risk management, legal, and technology, to support the bank's financial crime efforts.
• Engage with internal stakeholders to provide input on enhancing transaction monitoring systems and other surveillance mechanisms to improve detection capabilities.
• Participate in ongoing training and knowledge-sharing sessions to ensure awareness of emerging risks and the latest financial crime trends.
• Process Improvement & Best Practices:
• Identify areas of opportunity to enhance the effectiveness of financial crime detection mechanisms and improve internal workflows.
• Support continuous improvement efforts by recommending adjustments to monitoring processes and tools based on observed trends and data.
• Stay informed on developments in financial crime typologies, regulatory requirements, and best practices, and proactively contribute to the enhancement of the bank's financial crime strategies.

Key Skills and Qualifications:

• Educational Background:
• A degree in Finance, Law, Business, or a related field.
• Certifications in financial crime prevention, such as CAMS (Certified Anti-Money Laundering Specialist), ICA (International Compliance Association), or ACAMS, are highly desirable.
• Experience:
• 3+ years of experience in financial crime analysis, compliance, or a related field within the banking or financial services industry.
• Proven experience in reviewing transactions, analyzing customer behaviors, and identifying potential risks associated with financial crime.
• Technical Skills:
• Experience working with financial crime detection systems or transaction monitoring platforms.
• Proficiency in data analysis, with the ability to interpret large datasets and identify meaningful patterns.
• Familiarity with risk management frameworks, including AML, KYC, FATCA, and other relevant regulations.
• Communication & Collaboration:
• Strong analytical skills with an ability to break down complex data and communicate findings clearly to both technical and non-technical stakeholders.
• Excellent written and verbal communication skills, with the ability to produce clear, actionable reports.
• Strong teamwork skills and the ability to collaborate effectively across departments and teams.
• Personal Attributes:
• Detail-oriented with a strong commitment to accuracy and maintaining high standards of compliance.
• Proactive in identifying areas for improvement and suggesting effective solutions.
• Ability to work in a fast-paced environment and manage multiple priorities effectively.

This is a hybrid position.

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