Senior Risk & Compliance Officer

TMF Group; Melbourne; On-site; AUD 120,000 - 180,000; Full time

Job summary

TMF Group is seeking a Senior Risk & Compliance Officer for Australia and New Zealand. The role focuses on monitoring regulatory developments, advising business units on compliance, and developing training for staff and investment managers.

You will respond to regulatory queries, oversee incident and complaint responses, maintain policies, and manage compliance plans and audits across retail funds.

Responsibilities

• Monitor the regulatory environment and assess the impact of regulatory changes on current and new clients.
• Provide advice to business unit in relation to regulatory compliance matters.
• Develop and deliver training on compliance matters to staff and investment managers.
• Respond to regulatory queries - ASIC / AUSTRAC / ATO / Federal Police / Other in relation to fund and trustee services matters.
• Oversee response to fund clients-related incidents and complaints, using technical judgment to assess, review, and help resolve issues with a focus on robust outcomes and regulatory expectations in collaboration with the corporate compliance officer.
• Maintenance of board, responsible managers & staff training plans and registers.
• Maintain policies and procedures related to fund clients and corporate authorisations
• Manage and maintain complaints mailbox, registers, including breaches, complaints, incidents and reviews.
• Oversee response to client-related incidents and complaints, using technical judgement to assess, review, and help resolve issues.
• Maintain compliance plans for all retail funds.
• On establishment oversee the registration of compliance plans.
• Conduct regular compliance monitoring & reporting for all retail scheme compliance plans.
• Manage external audit process of all compliance plan audits.
• Reviewing Target Market Determination documents as part of the Design and Distribution Obligation for TMF Group.
• Develop and deliver training to staff and investment managers on compliance obligations relating to retail funds.

Job description

Senior Risk & Compliance Officer (Australia and New Zealand)

• Monitor the regulatory environment and assess the impact of regulatory changes on current and new clients.
• Provide advice to business unit in relation to regulatory compliance matters.
• Develop and deliver training on compliance matters to staff and investment managers.
• Respond to regulatory queries - ASIC / AUSTRAC / ATO / Federal Police / Other in relation to fund and trustee services matters.
• Oversee response to fund clients-related incidents and complaints, using technical judgment to assess, review, and help resolve issues with a focus on robust outcomes and regulatory expectations in collaboration with the corporate compliance officer.
• Maintenance of board, responsible managers & staff training plans and registers.
• Maintain policies and procedures related to fund clients and corporate authorisations
• Manage and maintain complaints mailbox, registers, including breaches, complaints, incidents and reviews.
• Oversee response to client-related incidents and complaints, using technical judgement to assess, review, and help resolve issues.
• Maintain compliance plans for all retail funds.
• On establishment oversee the registration of compliance plans.
• Conduct regular compliance monitoring & reporting for all retail scheme compliance plans.
• Manage external audit process of all compliance plan audits.
• Reviewing Target Market Determination documents as part of the Design and Distribution Obligation for TMF Group.
• Develop and deliver training to staff and investment managers on compliance obligations relating to retail funds.

Corporate Authorised Representatives Oversight & Compliance

• Review and sign-off on due diligence undertaken on authorised representatives to be appointed.
• Responsible for the ongoing monitoring of authorised representatives in accordance with our representative's management policy.
• Respond to regulatory queries and engage with compliance in relation to regulatory matters related to authorised representatives.

Outsourced Service provider oversight and monitoring

• Maintain register of all outsourced service providers.
• Conduct regular reviews of current and potential outsource arrangements to ensure adequacy and compliance with Outsource Policy and report to relevant Boards.
• Undertake due diligence on proposed third party organisations for the provision of outsourced services.
• Conduct regular monitoring of the sufficiency of services provided in accordance with the outsource policies and compliance schemes where relevant.