Hi. We’re OFX, a global provider of online international payment and money management services. Our journey is one of exciting growth and transformation, revolutionizing how businesses and individuals move and manage money globally. We're evolving into a global payment solutions provider, enabling businesses to streamline their global financial operations, improve control, reduce costs and achieve more. Our new Business Platform offers clients real-time visibility and controls over their payments, expenses, approval workflows and reconciliations to help make business easier.At OFX, you’ll have the opportunity to bring your expertise to life, collaborate across disciplines, and be part of a team shaping the future of global money management.Purpose of your roleA self-starter, the Senior Compliance Associate contributes Compliance expertise and data competencies to the Risk and Compliance function of OFX. You will be responsible for supporting the execution of our compliance programs and providing high-quality advisory support to the front-line teams of OFX. This role provides 2nd line of defense support to the Head of Compliance, APAC, as well as direction and guidance to Commercial, Operations and 1st Line functions, appropriately balancing business and compliance needs.Key Aspects of the RoleAssist in the execution and monitoring of the Australia and New Zealand AML/CTF regulatory obligations and Sanctions programs.Work closely across the Risk, Compliance and Fraud functions and with Commercial and Operations teams to ensure a culture of compliance is maintained.Provide expertise, advice and guidance to Commercial and Operations teams and other key stakeholders on enquiries and complex matters.Actively seek to identify and escalate for investigation of any matters which may be suspicious.Ensure accurate and timely regulatory reporting and support regulator engagement.Contribute to the update and review of Policies, Standards and Procedures. Work closely with the Assurance and Continuous Improvements team to enhance and document our processes and procedures.Provide support to leadership as a key member of the APAC Compliance function.Promote development and cohesion throughout Compliance teams across the company.Take ownership for maintaining and validating a quality data environment for the APAC Compliance functions.Key Tasks (Detailed)Run, validate and submit regulatory reporting for the Aus and NZ business units, including IFTI, PTR and DTCC reporting.Lead / point-person for audits for Aus and NZ business units.Assisting with oversight of the licensing/regulatory controls framework.Review PEP approvals, sanctions alerts and escalations for MLRO approval.KYC Refresh review process – provide advice and support to ongoing development of client landscape.Provide a liaison point between compliance and the customer due diligence team to support quality onboarding of OFX customers.Provide guidance to frontline deal teams on Prohibited and Restricted business policiesSupport incident and breach management – providing advice to frontline teams.Complaints management – reviewing all incoming complaints / updates to Protecht and assist with creating risk committee and board reporting.Assist in preparation of annual compliance reports for Aus and NZ business units.
