Risk Analyst

Westpac; Parramatta; Hybrid; AUD 80,000 - 110,000; Full time

Benefits offered by this job

Flexible work arrangements

Culture, Lifestyle and Wellbeing leave

Learning and development opportunities

Community volunteering

Job summary

Westpac is seeking a hands-on Financial Crime Surveillance Analyst to support AML/CTF investigations and ensure timely, compliant outcomes. You will manage sensitive information, escalate high-risk cases, and collaborate with both onshore and offshore teams to uphold standards.

The role emphasizes staying abreast of regulatory changes and industry trends, with a focus on high-quality documentation and risk-informed decisions.

Qualifications

• Solid understanding of financial services with AML/CTF operations and risk principles.
• Strong analytical skills, attention to detail, drive for continuous improvement.
• Ability to manage priorities, work autonomously and collaboratively, deliver high-quality results.
• Experience in stakeholder relationship management within operational teams.

Responsibilities

• Investigate UMRs and AML/CTF/Sanctions events within agreed timeframes, ensuring documentation and informed risk decisions.
• Escalate high-risk customers and potential compliance breaches per Financial Crime Risk Standards and regulatory requirements.
• Maintain adherence to policies, controls and privacy while handling sensitive information.
• Support the wider Financial Crime Surveillance team and foster stakeholder relationships across onshore/offshore teams.
• Stay updated on legislative changes and industry trends to ensure best practice and compliance.

Skills

AML/CTF basics

Analytical thinking

Stakeholder mgmt

Financial services exp

Job description

Multiple Max Term opportunities - until September 2027
You will have the opportunity to develop your analytical skills in a dynamic environment
Full-time role with a Hybrid set up (Monday-Friday between 8.30pm & 4.30pm)

Open to Paramatta & Melbourne locations.

What’s the role?

Reporting directly to the Team Manager, this hands-on role plays a critical part in supporting our Financial Crime Surveillance function. You'll be actively involved in delivering high-quality outcomes by ensuring timely responses and accurate documentation of AML/CTF investigations. This includes managing escalations for high-risk customers and maintaining compliance standards throughout the process.

• Investigate Unusual Matter Reports (UMRs) and AML/CTF/Sanctions events within agreed timeframes, ensuring accurate documentation and informed risk decisions.
• Escalate high-risk customers and potential compliance breaches in line with Financial Crime Risk Standards and regulatory requirements.
• Maintain strong adherence to policies, controls, and privacy standards while managing sensitive information.
• Support the wider Financial Crime Surveillance team and foster effective stakeholder relationships across onshore and offshore teams.
• Stay up to date with legislative changes and industry trends to ensure best practice and compliance.

What do I need?

In this role, you'll draw on your understanding of Anti-Money Laundering and Financial Crime operations, strong analytical skills, and experience in financial services to deliver high-quality outcomes.

Given the nature of this role, you'll work both independently and as part of a collaborative team, managing priorities and building effective relationships with stakeholders across the Financial Crime Surveillance function. Your attention to detail, drive for continuous improvement, and commitment to compliance will be key to your success.

• Ideally a solid understanding of financial services, with knowledge of AML/CTF operations and risk management principles.
• Strong analytical skills, attention to detail, and a drive for continuous improvement.
• Ability to manage priorities, work autonomously and collaboratively, and deliver results to a high standard.
• Proven experience in stakeholder relationship management within operational teams.

Just as important, we value diversity of thought, a willingness to work at a base level in a repetitive role, genuine enthusiasm for financial crime prevention. If you're comfortable taking information and data and adding it into reports, and you bring energy and curiosity to the field, you'll thrive here.

We're obsessed with becoming our customers' #1 banking partner for life and we're looking for people who are passionate about helping us achieve that goal. In return, we're committed to making Westpac the best place to work in the country. Here are just a few of the ways we're already doing that:

• Special offers on banking products and discounts from top brands, including generous employee-only mortgage rates!
• Flexible work arrangements to help you achieve a greater work/life balance, and a variety of leave options including Culture, Lifestyle and Wellbeing leave.
• Tailored learning and development opportunities to help your grow your career within the bank.
• Lots of opportunities to give back to the Community by getting involved in our many volunteering initiatives.

Create your future today

We're all about creating a supportive and inclusive community. We welcome everyone – no matter your age, gender, background, or abilities. We also provide additional support to welcome our veterans, Indigenous Australians and neurodiverse community.

If you need any adjustments during the recruitment process, you can find more information and contact details on our FAQs and how to contact us page , under the 'Diversity, sustainability and flexibility' section.

We may close this job advertisement earlier than the advertised closing date if suitable candidates are identified. We encourage you to apply as soon as possible.