Head of Compliance

Beyond Bank Australia

Adelaide

Hybrid

AUD 175,000 - 195,000

Full time

14 days+

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Benefits offered by this job

Additional paid work-life balance days

Paid community volunteer days

Employee discounts and wellbeing initiatives

Flexibility in work arrangements

Career development opportunities

Paid parental leave

Job summary

A leading mutual bank in Australia seeks a Head of Compliance to manage its compliance framework and ensure regulatory adherence. This role aims to enhance business efficiency while maintaining compliance and leadership in compliance initiatives across the organization. Join a supportive environment fostering career progress and excellence.

Qualifications

Compliance expert ensuring adherence to laws and standards, driving efficiency.
Experience leading teams, with a focus on compliance and innovation.

Responsibilities

Manage and improve compliance framework and policies.
Oversee compliance reporting and incident management.
Lead compliance reviews and implement technology solutions.

Skills

Compliance Expertise

Risk Management

Stakeholder Engagement

Strategic Thinking

Education

Degree in Law, Finance, or related field

Job description

5 days ago Be among the first 25 applicants

Direct message the job poster from Beyond Bank Australia

Be part of Beyond Bank a bank that is for and with you.

We are one of Australia's largest, 100% customer-owned mutual banks with a credit union heritage. With over 300,000 customers and over 40 branches across five states, we are working hard to be the best relationship bank for customers and communities in Australia. When you join Beyond Bank, you will work for a B Corp and be part of a friendly, inclusive, and supportive environment where you can continue progressing, no matter what stage of your career.

Our values of Customer Obsessed, Empowering Communities, Right things, right way, Shared Ambition, and Championing Sustainability are integral to all that we do and are the standards to which we hold ourselves.

Where and how you can work

This role will be located within one of our Administration Centres in either Perth, Adelaide, Melbourne, Canberra, Sydney or the Hunter Valley with the ability for hybrid work.

National Opportunity
Full time (75 hours per fortnight)
Hybrid work arrangements
$175,000 to $195,000 per year

Be part of Beyond Bank a bank that is for and with you.

Where and how you can work

This role will be located within one of our Administration Centres in either Perth, Adelaide, Melbourne, Canberra, Sydney or the Hunter Valley with the ability for hybrid work.

Job Description

The Role

Head of Compliance involves managing and continuously improving the compliance framework and associated policies for Beyond Bank. This ensures that the Bank's operations comply with various legislative and regulatory requirements, such as the National Consumer Credit Protection Act, the Corporations Act, the Privacy Act, the ePayments Code, and the Customer Owned Banking Code of Practice. To achieve this, the role may require liaising with internal or external legal advisors on complex legal matters. Additionally, it provides direction and support to business units to ensure that new or existing business initiatives comply with regulatory obligations, often in collaboration with the Legal Office and Organisation Quality Assurance team.

Furthermore, the role focuses on developing initiatives to enhance business efficiency while maintaining compliance. This includes identifying and championing the implementation of technology solutions to improve the effectiveness and efficiency of the Bank’s compliance framework. Leading the Organisational Quality Assurance Team, the role involves conducting targeted compliance reviews to verify adherence to applicable laws, regulations, and codes. It also engages with the internal audit function to share insights and best practices. Additionally, the role oversees the management of External Dispute Resolution, using insights from AFCA decisions to address control failures, and leads the Corporate Insurance program, ensuring effective claims management and maintaining key relationships with the corporate insurance broker.

In the role you will:

Demonstrate commitment to effective compliance, aligning compliance objectives with strategic business objectives, and allocating appropriate resources and a process to identify and assess compliance obligations.
Facilitate effective implementation of, and compliance with, legislation, codes and standards across the Bank, including creating and maintaining of a comprehensive Compliance Obligations Register.
Maintain the Bank's Incident and Breach reporting regime, and provide regular reports and analysis to the CRO, Executive and management risk committees, and the Board Risk Committee
Design, implement and maintain a comprehensive group wide compliance reporting regime, including systems and processes that deliver timely and accurate Monthly Attestations at the Business unit level, and upwards through to CEO and Board.
Utilise and develop appropriate systems to monitor the effectiveness of the Bank’s compliance program.
Identify, recommend and implement measures to continuously improve the effectiveness and efficiency of the Bank's compliance program.

Qualifications

About You

You are a compliance expert who ensures the Group adheres to various laws and standards while driving efficiency and innovation. You skilfully manage risks, design robust reporting systems, and engage stakeholders to achieve beneficial outcomes.

A strategic thinker, who is driven by the pursuit of excellence and desire to optimise the efficiency and effectiveness of business activities.
Bold leader, who is able to inspire teams to think differently and challenge the status quo and be their best selves so the team performs at a high standard.
A continuous learning mindset, with a proven ability to learn and apply knowledge and commitment to developing others.
Experience leading a functional area, with a proven ability to develop emerging leaders and manage teams (ideally with experience in doing so across different geographical locations).
Understanding of and ability to interpret legislation relevant to banking (e.g. the National Consumer Credit Protection Act 2009, the Privacy Act 1988, the Corporations Act 2001, the ePayments Code, Customer Owned Banking Code of Practice)

Additional Information

See yourself in our team

As a member of the Senior Leadership of the Bank you will work collaboratively with other Senior Leaders to support the Executive to solve challenging business problems and support the implementation of the Bank's Strategic Plan.

The Head of Compliance reports directly to the Chief Risk Officer, who hold executive responsibility for the Bank's risk, compliance and AML/CTF and financial crimes functions. The CRO Division works together closely to share insights and support each other's success.

Why work for Beyond Bank?

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

Beyond Bank is committed to creating an accessible recruitment process and employment experience. If you identify as a person living with disability and require adjustments to our online application, recruitment, selection and/or assessment process, or modifications for accessibility to our locations, please contact us at recruitment@beyondbank.com.au

And there’s even more benefits:

Additional 3 paid work-life balance days to boost your annual leave
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
Paid parental leave

By joining Beyond Bank, you will have the opportunity to work alongside talented professionals who will support and encourage you to achieve your full potential. If you are passionate about people and want to make a difference, we would love to hear from you.

What does our recruitment process look like?

The process can include video interview, virtual or face-to-face interview, psychometric testing, and all relevant background checking. Some positions may require undergoing 4 weeks of mandatory full training.

Apply Now!

To find out more about Beyond Bank visit beyondbank.com.au or for more information contact recruitment@beyondbank.com.au

Applications close 01/06/2025

As a certified B Corp we are using our business as a force for good.

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.

Seniority level