Senior Compliance Specialist

Liberty in Asia Pacific; Sydney; On-site; AUD 110,000 - 170,000; Full time

Job summary

Liberty in Asia Pacific in Sydney is seeking a Senior Compliance Specialist to embed the Compliance Framework and oversee 2nd Line controls across Australian operations. This role collaborates with the APAC Compliance team and LM Global Compliance to align goals and support shared activities.

You will contribute to the Compliance team priorities, support risk-based reviews, incidents, regulatory change, and provide practical guidance to business units.

Qualifications

• Extensive compliance experience in financial services.
• Experience with APRA/ASIC licensing is highly desirable.
• Underwriting or claims background is a plus.
• Strong communication and stakeholder management.

Responsibilities

• Respond to business questions and provide practical guidance.
• Interpret regulatory requirements and provide clear advice on APRA/ASIC matters.
• Support annual Compliance Plan and monitoring calendar.
• Embed the Compliance Framework across the business.
• Lead or contribute to risk-based compliance reviews and deep dives.
• Assist with incident management, investigations, and remediation.
• Participate in regulatory change impact assessments.

Skills

Business acumen

Investigative skills

Relationship building

Verbalcommunications

Negotiation

Influencing

Decision making

Analytical skills

Education

Bachelor's degree in Finance

Job description

• With minimal supervision, the Senior Compliance Specialist will focus on embedding the Compliance Framework, a core pillar of how Liberty manages our risks, undertaking 2nd Line of Defence controls across the Australian operations and performing compliance activities to support adherence to local and global obligations. This role will work closely with the LII APAC Compliance team and the LM Global Compliance and Ethics team to support the alignment of goals and delivery of shared activities.
• The role will contribute to Compliance team priorities and work collaboratively across the broader Integrated Assurance environment, supporting practical and consistent management of compliance risk.
• This role will also contribute to the Integrated Business Unit activities to support the organisation in achieving their strategic objectives and provide a best customer experience.

Job Responsibilities:

• Respond to questions from the business regarding Compliance activities and provide practical guidance, escalating complex or material matters as appropriate.
• Interpret regulatory requirements and provide clear, practical advice on matters involving APRA, ASIC, AFCA and other relevant authorities, including supporting regulatory notifications, information requests, reviews and examinations.
• Support the management and delivery of the annual Compliance Plan and monitoring calendar, aligned to business priorities and risk appetite.
• Partner with Line 1 Risk and Compliance to embed the Compliance Framework and deliver practical compliance activities that support effective risk management and help the business achieve its strategic objectives.
• Support the development, embedding and ongoing review of frameworks, policies, procedures and tools used to manage the business’s compliance and regulatory obligations, and perform associated compliance activities including conflicts, fraud, complaints and fit and proper requirements.
• Assist with the administration and oversight of whistleblowing, conduct risk, conflicts of interest, gifts and hospitality, and other ethics-related frameworks.
• Deliver 2nd Line tasks as part of the Compliance Framework and the monitoring and supervision program for Liberty and our Service Provider network. This includes supporting the implementation and ongoing management of Compliance and Regulatory controls, maintaining registers, performing control testing and preparing reporting to support compliance with internal policies, procedures, legislation and regulation.
• Lead or contribute to risk-based compliance reviews, thematic assessments and targeted deep dives, clearly documenting scope, findings, risk ratings and agreed actions.
• Support Risk and the business in the management of incidents and events for Liberty and our Service Provider network, including investigation, monitoring, recording, escalation, deep-dive and root cause analysis. Play a lead role in the management of compliance and regulatory incidents and events, working with relevant stakeholders to assess actual or potential breaches, including their significance and reportability, support timely regulatory notifications and internal reporting, and drive appropriate remediation, verification of effectiveness and closure.
• Provide Sanctions and Licensing Clearance advice as part of the Financial Crimes Framework, including escalating requests of concern, supporting reporting and stakeholder engagement, delivering activities in a timely manner in response to evolving geopolitical or licensing developments, and identifying opportunities to uplift business knowledge.
• Play an active role in the Compliance Community across Lines 1 and 2 to support a cohesive approach to compliance risk management, shared outcomes and the use of learnings to strengthen the monitoring and supervision program.
• Support remediation activities for compliance breaches, including root cause analysis, corrective action tracking, timelines and verification of effectiveness, and prepare reports containing key metrics, status updates and recommendations for management and risk committees.
• Support regulatory change impact assessments and implementation activities across the 1st and 2nd Lines, including tracking requirements, owners, timelines and testing outcomes.
• Contribute Compliance subject matter expertise to cross-functional business change projects and Integrated Business Unit activities, escalating significant issues or decisions as appropriate.
• Work with or on behalf of the Compliance team on projects and activities responding to regulatory change, group initiatives or operational improvements that strengthen governance, risk and compliance controls.
• Research and maintain knowledge of financial services industry with regards to current and emerging regulations, standards and guidelines so that we can assess their impact on Liberty.
• Identify opportunities to uplift compliance-related training, assist in developing or sourcing appropriate solutions, and work with the business to support or deliver training.
• Demonstrating behaviour at all times in line with the Liberty core values.
• Take responsibility and show initiative in the development of your technical and soft skills.
• Continue to seek improvement of the product and of self by the continuous improvement of practices and processes.
• Perform other related duties across the Risk and Governance pillars as assigned by your manager or other appropriate officer

Key Skills:

• Business, financial and market acumen awareness/understanding
• Advanced investigative, inquisitorial, assessment, interpretation and research skills
• Advanced relationship building skills
• Advanced verbal and written communications and presentation skills
• Advanced negotiation, planning and problem solving skills
• Advanced influencing skills
• Advanced decision making skills and critical thinking ability
• Proven ability to enforce compliance with laws and Liberty business values
• Demonstrated ability to drive for results and focus on outcomes
• Advanced analytical skills

Job Experience & Qualification Requirements:

• Extensive experience in a Compliance role within the financial services industry.
• Experience in general insurance operational roles such as underwriting, operations or claims roles highly desirable.
• Experience in general insurance or general insurance broking required.
• Proven, strong knowledge of industry processes and regulations, in particular experience with APRA and ASIC and AFS licensing.
• Outstanding communication, relationship development and key stakeholder management abilities.
• An analytical mindset with excellent organizational skills.
• Bachelor’s degree in Finance, Commerce, Business Administration or other relevant field highly desirable.