Analyst - Business Governance and Control, Customer Risk Assessment (Contract)

SMBC is a major international bank with a leading position in the Australian Corporate, Project Finance, Financial Institutions, Sponsored / Leverage Finance and Treasury market. A Maternity Leave Cover opportunity of up to 18months has become available within our Business Governance and Control department in the Sydney Branch.  

Reporting to the Director, Business Governance & Control | Customer Risk Assessment, this position is responsible for the implementation and management of the SMBC Sydney Branch’s customer due diligence processes, including prioritising of staff responsibilities to ensure timely completion. 

This position will escalate and communicate any AML/CTF issues that arise due to assessment or investigation issues. In addition, this position will assist with any compliance related tasks assigned by Customer Risk Assessment team managers / leaders and the Head of Business Governance and Control.

Reporting to the Director, CRA, this position is responsible for:

• Timely review and assessment of customer name and associated party screening and monitoring in SMBC name screening system 
• Ensure appropriate and timely requests to Front Office for collection of documents from customer 
• Continued liaison with Front Office to ensure timely receipt of customer information 
• Complete customer risk rating and money laundering risk assessment control documents, including Politically Exposed Person, Negative News and Sanction Country Link analysis, in a timely manner 
• Ensure KYC files are accurate and complete and well-substantiated and completed within the specified timeframe. 
• Conduct appropriate searches and screening in relation to all parties in association with KYC completion 
• Review policy and procedure documents in relation to AML/CTF obligations to develop a deep understanding of SMBC requirements and ensure consistency of current practices 
• Ensure appropriate implementation of updates to all processes based on Australian and SMBC changes, and any instructions from Customer Risk Assessment team leaders/ managers, Head of Customer Risk Assessment, AML/CTF Senior Manager or Head of Compliance and AML/CTF 
• Maintenance of AML/CTF records including customer files and timetable for reassessment 
• Ensure issues arising are addressed appropriately and in a timely manner 
• Undertake any other tasks assigned by your Manager / Team Leader

To succeed, you will have:

• Tertiary qualification such as an undergraduate degree in business, law or equivalent 
• Proven understanding of compliance and AML/CTF risk frameworks
• AML/CTF experience including completion of customer due diligence including Politically Exposed Person, Negative News and Sanction Country Link analysis as well as undertaking of Transaction Monitoring 
• Strong understanding of banking operations and financial products and services 
• Understanding of Australian financial market and regulatory framework 
• Able to find practical solutions to legal and regulatory requirements 
• Able to promote a strong compliance and AML/CTF culture both internally and externally 
• Ability to build and maintain effective working relationships with colleagues 
• Sound time management skills 
• Good organisational skills and ability to meet deadlines 
• Accuracy and attention to detail 
• Good communication skills (discussions with Front Office and others responsible for AML/CTF procedures)