Senior Analyst, Global Client Onboarding *** This is a 14 month secondment
The Regulatory & Controls Operations (RACO) team is accountable for the development, implementation and ongoing leadership of the Groups financial crime shared services. FCO leads the Groups approach to managing AML/CTF, and Sanctions risks and obligations through the provisioning of the following services.
The work undertaken by Global Client Onboarding enables our Institutional Banking and Markets (IB&M) and Financial Crimes Compliance teams to make risk-based decisions and helps to ensure CBA meets regulatory obligations in Australia and globally. Our key activities include:
Creating and maintaining of our clients' KYC and regulatory profiles.
Maintaining an ongoing customer due diligence program to ensure IB&M meets KYC periodic review objectives.
Completing/reviewing KYC risk assessments by undertaking due diligence procedures, identification and dispositioning of PEPs, material negative news and sanctions assessments.
Ensuring appropriate escalations to Financial Crime Compliance and relationship bankers.
Implementing new/changed regulatory requirements driven by the changing regulations and policy landscape.
Maintaining a robust and well documented control environment that is audit ready.
Your key responsibilities
You will assist in Projects and provide your views as a senior member of the GCO team.
You will be the first point of contact within your team(s) for new starters and will be expected to train and coach your peers on best practice in terms of completing cases/ escalations to FCC and assistance with ECDD and other more complex cases.
As a Senior KYC Analyst, you will be expected to perform the following tasks and responsibilities in a manner consistent with CBA's Code of Conduct:
Performance: KYC activities for New to Bank clients or for Ongoing Customer Due Diligence for existing clients (Periodic Review & Remediation).
Ensuring you maintain a high level of performance to achieve targets as part of maintaining risk assessments of IB&M customers (SLAs).
You will identify, analyse and report information, trends and blind spots related to operational and regulatory compliance and implement strategies, which maximise resource efficiency.
Complete KYC reviews for all risk ratings: Low, medium and high to include Enhanced Customer Due Diligence (ECDD).
Maintain high levels of performance at all times including situations with challenging timeframes and complex situations and scenarios.
Our clients often utilize global products or branches in other countries so knowledge of international regulations is required.
Interpret and apply relevant legislations and policy to ensure compliance with internal standards and external regulations while providing operational efficiency and customer satisfaction.
Demonstrate strong analytical mindset with a key attention to detail.
Maintain a low defect and re-work rate.
Liaise directly with clients to collect relevant information and act as Point of Reference for KYC related queries within your team.
Create and maintain collaborative and engaging relationships with all stakeholders of various levels including Relationship managers, Business managers, Financial Crime Compliance and Product teams.
Liaising with globally located GCO Onboarding teams and the front office regarding IB&Ms KYC/regulatory requirements.
Liaising directly with Group Financial Crime, Line 1, Line 2 and Audit regarding testing and policy.
Establish a profile with key industry, Compliance and Risk teams.
Fostering a positive, inclusive, collaborative team culture by maintaining open professional communications and being a team player.
Always leading by example demonstrating CBA values: accountability, integrity, collaboration, excellence and service.
Maintaining a strong control environment to ensure that records are completed in line with requirements.
Ensuring controls are appropriately executed and evidenced and staff are aware of their responsibilities at different stages of the preparation and review process.
Identification and escalation of emerging issues or concerns.
Contributing to a culture of continuous improvement.
Actively participating in team huddles, visual management board meetings, productivity and strategy sessions with the team and stakeholders.
We are interested to hear from people who have
Technical skills in AML/CTF & Sanctions operations.
Comprehensive system knowledge, JIRA, CommSee, Documentum, ASSERT, Systems - internal Group systems.
Strong ability in attention to detail and a high degree of accuracy.
Demonstrated ability to solve problems rapidly.
Strong internal and external customer service ethic and focus.
Demonstrated ability in creative thinking and highly motivated at all times.
Essential:
Previous experience working as an Analyst within the IB&M sector.
Sound understanding of the AML/CTF & Sanctions obligations.
Highly developed written and verbal communication skills.
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