AML/CTF Analyst

Beyond Bank Australia; City of Melbourne; Hybrid; AUD 83,200 - 92,700; Full time

Benefits offered by this job

Additional paid work-life balance days

Paid community volunteer days

Employee discounts and wellbeing initiatives

Career development opportunities

Job summary

A member-owned mutual bank in Australia is seeking an AML/CTF Analyst to ensure compliance with anti-money laundering regulations. This full-time position allows hybrid work arrangements and requires strong investigative and analytical skills to manage financial crime activities, including transaction monitoring and suspicious matter reporting. The successful candidate will support internal and external stakeholders while ensuring adherence to the AML/CTF Act, providing critical insights for risk management.

Qualifications

• Strong understanding of AML/CTF legislation including the AML/CTF Act.
• Experience in conducting transaction monitoring and PEP/sanctions screening.
• Ability to apply risk-management methodologies.

Responsibilities

• Conduct transaction monitoring and investigate potential ML/TF activity.
• Prepare and submit regulatory reports such as SMRs and TTRs.
• Manage KYC and due diligence obligations per the AML/CTF Act.

Skills

Understanding of AML/CTF legislation

Experience in transaction monitoring

Strong analytical skills

Stakeholder management skills

Tools

AML/CTF systems

Job description

We are one of Australia’s largest 100% member‑owned mutual banks with a credit‑union heritage. With over 300,000 members and more than 50 branches across five states and territories, we are working hard to be the best relationship bank for customers and communities.

Work Details

• Can be based in any of our offices nationally
• Full‑time opportunity (75 hours per fortnight)
• Hybrid work arrangements
• Salary range: $83,200 – $92,700 (including super)

About the Role

As an AML/CTF Analyst, you will play a critical role in supporting the Group’s compliance with the Anti‑Money Laundering and Counter‑Terrorism Financing (AML/CTF) Act. You will undertake specialist financial crime activities including transaction monitoring, sanctions and PEP screening, enhanced customer due diligence and suspicious matter reporting. You will apply risk‑based judgement to complex and higher‑risk matters, provide AML/CTF expertise to frontline teams and internal stakeholders, and contribute to the ongoing effectiveness of the Group’s ML/TF risk management framework. This role also supports engagement with external stakeholders, including law enforcement and regulatory bodies.

Responsibilities

• Conduct transaction monitoring and investigate potential ML/TF activity using a range of investigative techniques.
• Manage KYC, due diligence and enhanced due diligence obligations in accordance with the AML/CTF Act and internal procedures.
• Prepare and submit regulatory reports, including Suspicious Matter Reports (SMRs) and Threshold Transaction Reports (TTRs).
• Perform enhanced customer due diligence on higher‑risk customers and complex onboarding and offboarding matters.
• Maintain accurate and detailed investigation records, including evidence collection and preservation where required.
• Support the development, testing and improvement of transaction monitoring rules, typologies and AML/CTF controls.
• Assist with ML/TF and proliferation financing risk assessments and incorporate outcomes into systems and processes.
• Keep up to date with emerging ML/TF trends, typologies and regulatory changes, contributing insights to continuous improvement initiatives.
• Provide guidance and coaching to frontline staff on identifying and reporting suspected ML/TF activity.
• Assist in the development and delivery of AML/CTF training and awareness initiatives across the organisation.
• Support the ongoing maintenance of AML/CTF policies, procedures and related materials.
• Prepare reporting and provide advice on AML/CTF matters to senior management, Risk Committees and Board Committees.
• Manage and respond to information requests from law enforcement and other external agencies in line with legal and privacy obligations.
• Collaborate with internal stakeholders, including Technology, Risk and Operations teams to enhance AML/CTF systems and processes.

Qualifications

• Strong understanding of AML/CTF legislation, including the AML/CTF Act, AUSTRAC guidance and risk‑based compliance frameworks.
• Experience conducting transaction monitoring, PEP and sanctions screening, suspicious matter investigations and reporting.
• Demonstrated experience performing enhanced and ongoing customer due diligence (ECDD) including complex onboarding and offboarding matters.
• Sound investigative skills, including analysis of transaction activity, identification of ML/TF typologies and maintenance of high‑quality investigation records.
• Experience developing, maintaining and supporting AML/CTF policies, procedures, controls and related documentation.
• Ability to apply risk‑management methodologies and exercise sound judgement in complex and higher‑risk ML/TF matters.
• Confidence using AML/CTF and banking systems, with the ability to quickly build proficiency across internal technologies.
• Strong communication and stakeholder management skills, including providing guidance and coaching to frontline staff.
• High attention to detail, professionalism and commitment to confidentiality, privacy and tipping‑off obligations.

Benefits

• Additional 3 paid work‑life balance days.
• Paid community volunteer days to support many community charities across Australia.
• Access to employee discounts, health and wellbeing initiatives, employee and family assistance, plus more.
• A flexible, and diverse working environment.
• Career development opportunities, training and coaching.

We welcome candidates that reflect the diversity of the communities in which we operate. We actively encourage Aboriginal and Torres Strait Islander peoples, people with disability, LGBTQIA+, as well as culturally diverse community members to apply for our roles.

By applying for this opportunity you are providing consent for Beyond Bank Australia to conduct all pre‑employment screening checks (APRA, ASIC, Bankruptcy, National Criminal History Check, VEVO, Adverse Media Check and Reference Checks) at the expense of Beyond Bank Australia.