About the Role
Financial Crime Operations helps to protect BOQ, its customers and our communities from the impacts of financial crime. You would be joining the team that is responsible for AML/CTF Transaction Monitoring Detection and Regulatory Report exception handling.
The primary purpose of this role is to assist in mitigating Money Laundering and Terrorism Financing (ML/TF) risk by review and investigation of alerts in generated from the Transaction Monitoring Program for retail, institutional banking and finance products to identify any unusual activity, patterns or behaviors in compliance with AML/CTF regulatory obligations, as well as BOQ policies including the Financial Crime Strategy of the Group.
Your primary responsibilities include, but are not limited to:
- Conducting critical analysis of alerts generated via the Transaction Monitoring Program (TMP) to detect and assess ML/TF risk
- Ability to manage casework in a timely and efficient manner, in accordance with SLAs and KPIs.
- Understanding and interpreting transaction data in addition to using banking systems to pursue lines of inquiry in relation to customers, source of funds, beneficial owners, and related parties
- Clear articulation of due diligence findings and escalating cases as appropriate for further investigation
- Assess and resolve exceptions that result from Threshold Transaction Reporting and/or International Funds Transfer Instruction Reporting
- Adhere to Policy and Procedures relevant to your work
- Liaise with staff across the BOQ Group where required to complete inquiries
About you
If you are an analyst with an inquisitive mindset, understanding of ML/TF typologies and ML/TF risk, with an ability to work independently and within a team, this role represents an exciting opportunity to display your skillset, be part of a fast-paced, agile team and further enhance your AML knowledge.
Skills & knowledge:
- Demonstrated experience in a similar role in a Financial Crime Operations team, preferably within AML/CTF transaction monitoring and/or reporting
- Strong verbal and written communication skills.
- High attention to detail, problem-solving mindset, and strong analytical skills
- Knowledge of the AML/CTF Act and Rules, including AML typologies, screening requirements, Transaction Monitoring Programs, PEPs or Enhanced Customer Due Diligence (ECDD) obligations
- Understanding of the banking codes of practice and other relevant legislation including Privacy Act and Criminal Code
- Previous experience using NetReveal on Demand (NROD) system
- Formal training/qualifications in AML/CTF, Sanctions or investigations
About Us
BOQ is one of Australia’s leading regional banks and provides a genuine alternative for Australian financial services customers and employees. Our purpose is to create prosperity for our customers, shareholders and people through empathy, integrity and by making a difference. Our ambition is to be known as the bold challenger bank; with multi-brands that are digitally enabled with a personal touch.
BOQ is passionate about providing opportunities for you to develop your career as we continuously adapt and deliver in a transformational and collaborative environment with a strong focus on community.
BOQ’s Inclusion vision is to foster a workspace that values and leverages difference and creates new possibilities, a place where our people feel confident to bring their best selves to work every day. We embrace difference and believe that our workforce should reflect the customers and communities that we serve.
In 2021 BOQ Group was awarded a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality citation.
Our Benefits
- Flexible working arrangements
- Discounted financial products
- Salary sacrificing options
- Paid parental leave with no minimum
- Paid volunteer days
- Purchase annual leave
- BUPA Corporate Plan
- Employee Assistance Program (EAP)
- A ‘zero tolerance’ to Domestic and Family Violence (DFV) with active support for employees experiencing DFV
- Accessible work support through various practices, systems, office adjustments
- Gym, shopping, technology and travel offers
- 5 employee diversity network groups focusing on; First Nations Reconciliation Council, EPIC (LGBTIQA+), Multicultural, Gender and Early Career.
How to Apply
To apply for this role please follow the links or apply via our Careers Page.
The Bank of Queensland is committed to diversity and an inclusive workforce. Aboriginal and Torres Strait Islander People are encouraged to apply.
If you are successful for a role with the Bank of Queensland, it is a condition of employment that background screening is completed to ensure that the Bank complies with its obligations under the Anti-Money Laundering and Counter Terrorism Financing Act. These checks may include, but are not limited to: identity, verification, reference checks, criminal background checks, immigration checks, verification of academic qualifications, bankruptcy checks.