Senior Compliance Specialist

A distinguished Australian member-owned bank is seeking to appoint two Senior Compliance Specialists. These newly created roles presents an opportunity for you to contribute meaningfully to the cultivation of a robust compliance culture in a principled financial institution that prioritises the welfare of its members.

As a valued member of a collegial and supportive team, you will play an integral part in ensuring that regulatory requirements are fulfilled, risks are judiciously managed, and the organisation continues to uphold the highest standards of honesty, fairness, and efficiency in its financial services.

You will collaborate with highly knowledgeable colleagues who appreciate your expertise, while enjoying flexible working arrangements and a steadfast commitment to your professional advancement. Should you be motivated by the prospect of effecting positive change for customers and communities alike, this position offers an exceptional platform upon which to do so.

* Benefit from flexible working arrangements and comprehensive training programmes designed to support your ongoing professional development within a nurturing environment.

* Engage closely with senior leaders and stakeholders across the organisation, cultivating meaningful relationships as you advance compliance excellence.

What you'll do:

In the capacity of Senior Compliance Specialist, you will serve as a cornerstone in embedding rigorous compliance management practices across the organisation.

Your principal duties will encompass offering expert counsel on regulatory matters, assisting business units in comprehending their obligations, and proactively identifying areas susceptible to emerging risks.

You will be entrusted with maintaining meticulous records of compliance activities, preparing detailed reports for both internal committees and external regulators, and contributing your insights towards the continual refinement of frameworks that support sound risk management. Success in this role is predicated upon your ability to balance scrupulous attention to detail with strategic foresight—ensuring not only that individual incidents are addressed but also that systemic enhancements are realised.

Your aptitude for building trusted relationships across departments will prove invaluable as you collaborate on policy improvements and process optimisation. By providing practical solutions and lucid guidance, you will help nurture a culture wherein compliance is regarded as fundamental to delivering exemplary service to members.

• Conduct thorough reviews and analyses of complex regulatory obligations whilst monitoring prevailing compliance practices throughout the institution.
• Provide timely, considered compliance advice to business units on all pertinent financial services legislation, prudential standards, regulations—including AML/CTF requirements—codes of practice, internal policies, risk appetite statements, and organisational values.
• Evaluate compliance incidents by liaising with relevant teams to ensure effective remediation measures are implemented and future non-compliance risks are mitigated.
• Report breaches and potential breaches promptly to regulators and internal committees in strict accordance with established protocols.
• Maintain precise registers for compliance breaches as well as other essential documentation utilised by the Compliance team.
• Contribute substantively to the design and implementation of supporting documents and tools underpinning the Compliance Risk Management Framework.
• Prepare comprehensive submissions, attestations, certifications, and reports for regulatory authorities as well as Management and Board Committees.
• Exhibit exemplary stakeholder management skills by fostering structured relationships at all levels of the organisation to achieve shared compliance objectives.
• Offer constructive challenge to stakeholders when necessary to ensure continued alignment with regulatory expectations and community standards within defined risk parameters.
• Assist in policy updates by drafting, reviewing, and revising relevant documents in collaboration with key stakeholders.

What you bring:

To thrive as a Senior Compliance Specialist within this esteemed institution, your professional background should reflect substantial practical experience gained within retail banking or comparably regulated sectors.

You bring not only an advanced understanding of Australia’s financial services landscape, including AFSL/ACL frameworks, APRA Standards, AML/CTF regulations, but also an ability to distil these requirements into actionable guidance for colleagues across various functions.

Your approach is marked by empathy: you possess the acumen required to communicate intricate concepts effectively with both technical specialists and those less familiar with regulatory nuances.

You flourish when collaborating—whether partnering with senior leaders on strategic initiatives or supporting line managers through operational challenges.

Your adept organisational abilities enable you to manage competing priorities without compromising critical details.

Above all else, your unwavering commitment to ethical conduct ensures that every recommendation aligns seamlessly with both regulatory expectations and the overarching mission of serving members with integrity.

• Possess at least five years’ experience within retail banking, including no fewer than three years dedicated to a compliance function or regulatory authority (desirable).
• Demonstrate a proven record in managing regulatory compliance processes encompassing breach assessment and advisory support within financial services.
• Exhibit comprehensive understanding of AFSL/ACL regulatory regimes, APRA Standards, AML/CTF obligations, and associated reporting requirements.
• Display proficiency in developing, reviewing, and implementing effective compliance policies and procedures tailored for intricate operational environments.
• Showcase exceptional written and verbal communication skills enabling clear conveyance of technical information to diverse audiences.
• Apply a strong analytical mindset capable of interpreting complex regulations whilst considering operational impacts across multiple business domains.
• Maintain meticulous attention to detail coupled with sound judgement when prioritising tasks under demanding circumstances or stringent deadlines.
• Demonstrate experience managing concurrent projects whilst upholding high standards of accuracy in record keeping.
• Possess excellent interpersonal skills facilitating rapport-building with stakeholders at all organisational levels—from executive leadership through frontline staff—and promoting co-operative outcomes.
• Ideally hold tertiary qualifications or equivalent experience in compliance, risk management, audit or law; certification as a compliance professional is preferable.

What's next:

Should you wish to advance your career in compliance within an organisation that truly appreciates your contribution, and where your endeavours have tangible impact, this represents an outstanding opportunity for you.

Kindly submit your application today by clicking on the link below; we eagerly anticipate learning how your distinctive skills can help shape the future of responsible banking.

Aboriginal and Torres Strait Islander Peoples are encouraged to apply.

To apply please click apply or call Flo Campagne on 08 8216 3506 for a confidential discussion.