Risk and Compliance Officer

Since 1959, Australian Military Bank has provided members with fantastic service, great rates and competitive banking and insurance products. As a member-owned financial institution, we are all about putting members first and helping them to achieve their financial goals. We offer mortgage, consumer and credit loan facilities as well as products and services within superannuation, everyday transactions, savings, term deposits and insurance.

The Risk & Compliance Officer is responsible for the administration and support of the enterprise risk, compliance and assurance activities, and ongoing review and monitoring of the Bank’s risk and compliance frameworks, policies, and procedures. This involves working with staff at all levels across the Bank to identify, analyse, evaluate, treat, and monitor key material and compliance risks.

Major Responsibility Areas

 The main responsibilities include performing the following:

• Compliance review, risk and controls testing, and risk assessments
• Compliance monitoring on regulation updates and implementation
• Monthly credit quality reviews
• AML/CTF/KYC compliance reviews and monitoring
• Incident and breach investigations, follow up and reporting
• Compliance and audit investigations, follow up and reporting
• Compliance reporting to regulators
• Management reporting, including monthly Enterprise Risk reports to Management Committees, Executive Committees and Board
• Review and update Enterprise Risk policies, procedures, plans, frameworks, risk appetite statement
• Monitor and review specific end user calculators
• Training and communication including updating intranet news and forums, face-to-face training, webinars
• Regular updating of risk registers, metrics and records in the GRC system
• Maintaining the Policies and Procedures repository library
• Ad hoc projects, including testing and implementing new processes, controls and systems

Technical Skills

• Knowledge and understanding of regulatory compliance in financial services and licence obligations in Australia (e.g. ASIC, APRA, AML, CTF, Privacy Act, NCCP).
• Ability to develop policies, procedures, plans, frameworks.
• Risk management and reporting skills.
• Strong analytical, investigative, and critical thinking skills.
• Strong communication skills including clear, concise written and oral communication skills.
• Advanced Microsoft Office skills (Excel, Word, PowerPoint) and other systems (Promapp).
• Competent in using and maintaining GRC system.
• advantageous.

Education & Qualifications

• Tertiary qualifications in related discipline or equivalent

Work Experience

• Minimum 3 years in a risk management and compliance, audit, quality assurance within financial services or similar roles, preferably in a mutual bank

Benefits

Working with Australian Military Bank will provide you access to a great range of benefits including:

• Staff Banking product + Services discounts
• Novated Leasing options
• 4 weeks Paid Parental + Purchased Leave option
• Referral Reward Program
• Employee Assistance Program
• Annual Flu Shot + Blood Donor Leave
• Polo Shirt provided
• Service Awards

Why Us

Australian Military Bank forms an integral part of the wider Defence community. We offer our staff competitive remuneration, discounts on banking and insurance products and ongoing learning and development programs. You will be provided with training and coaching on the job to provide you with the tools to be successful in this role. Australian Military Bank provides realistic progression opportunity nationwide and the opportunity to embrace new technologies and ways of working.

Probity check

As we are an Authorised Deposit Taking Institution, there is a requirement to complete the standard range of Credit, Police and Bankruptcy checks prior to commencement of employment.  

This is an exciting, challenging position with the opportunity to build your career with a highly trusted mutual bank. We move quickly with our interview process, if you are keen please submit your CV today!

Australian Military Bank values diversity and is an equal employment opportunity employer.