Risk and Compliance Specialist (Line 1) Apply locations AUS VIC Melbourne time type Full time posted on Posted Yesterday job requisition id R6896
This role supports provides independent support to Operational Risk & Compliance activities undertaken within Line 1 Money. It ensures Money Business Operations and Risk management align with frameworks, policies, risk strategy, regulatory obligations, and appetites.
The role collaborates with department heads to manage risk through controls and key risk indicators, operating within organisational appetites.
Let's look at some key responsibilities: Controls– Design, review and monitor effective key and non-key controls effectively for risk mitigation within Money. Undertake frequent assessments on control portfolio effectiveness outside of the RCSA periods. Analyse available risk metrics such as defects or monitoring activity outcomes and undertake impact on risk and control performance. Coordinates stakeholders on the effective design and delivery of controls aligned to risk appetite, internal policies, standards, and responsibilities. Collaborate and execute plans with stakeholders to bring unsatisfactory rated controls and/or out of appetite risks back to satisfactory and within tolerance for Money portfolio. Quality Assurance Reviews: support and assistance in reviewing. File Monitoring: Review processed applications/ files across the Origination teams ensuring adherence to AML/CTF and Responsible Lending regulatory requirements. Call monitoring: listening to recorded phone calls to assess agent performance against established internal quality standards and regulatory requirements. Training Support: Assist in the development and delivery of training materials to enhance agent skills and knowledge of the originations process.
Ideally, we're looking for the following: Minimum 2 years previous experience working in an Audit/Review or Compliance is highly desirable. Controls assurance – experience in assessing control effectiveness including effective design creation and testing. Solid risk and assurance background with a clear understanding of risk management, assurance, and compliance principles, preferably in a financial services company. Strong awareness and understanding of Australian Responsible Lending compliance and regulatory requirements, and New Zealand CCCFA compliance and regulatory requirements. Tertiary qualification, or related further education in highly desirable.
Sometimes the best candidates don't have 100% of what is listed above, but if you have most and are confident you'd be a good fit, we'd love to hear from you!
Recognition @ Latitude: Education support, Better giving programme with charity partners, Latitude matches dollar for dollar and Community partner days. Flexibility @ Latitude: Flexible work arrangements- balance work and personal responsibilities, Hybrid set up - work from home & the office, 3 Days paid volunteer leave annually, paid community service leave, paid compassionate / bereavement leave. Yearly salary reviews. Sound like you? That's a good sign! In return for your energy and ideas, we offer a flexible working environment and great compensation. We always support a safe, healthy, engaging, and productive working environment for all employees and workers, whether that be in your home and office, or a combination of both.
We're Latitude, partners in money Latitude may seem like the new kid on the block, but it's taken us almost a hundred years to become an overnight success. Digital payments, cards, loans are what we offer - but what we really are is a platform that helps people shop and live better. Always living and breathing our values. Act Right, Show Care, Be Curious.
Successful applicants will be required to complete a background check (including criminal history and bankruptcy check) prior to commencement of employment. Only open to Australian or New Zealand Permanent Residents or Citizens.
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