AML Analyst

This is an excellent opportunity for an AML Analyst looking to:

• Be a part of a rapidly growing organisation
• Leverage their KYC and ECDD experience but want to expand their skills further
• Join a team that is passionate about what they are doing

Who we are

At FinClear, technology and progress are in our DNA. We are an independent, Australian-owned and developed technology and financial services business, specialising in providing trading, execution, clearing and technology solutions to wholesale intermediaries, FinTechs, wealth managers and financial planners.

Our Financial Markets infrastructure could be likened to other major global platforms that deal with massive amounts of data and huge volumes of transactions that are executed in real-time to a vast audience. But unlike others, we own our own regulatory and technology infrastructure enabling us to partner closely and move quickly to build solutions that are fit for purpose to better assist our clients.

FinClear was established in 2015 with offices now in Sydney, Melbourne and Perth. We’ve almost tripled in size in the last 12 months and have further plans to grow with more platforms and services in the pipeline to be released. We have accomplished a lot, but our sights are set on what we haven’t done, and that’s the competitive advantage we offer to our clients and where you come in.

About the role 

Reporting to the Senior Manager – Financial Crime Compliance, you will be working alongside 3 other AML Analysts.

This specific role will see you initially add value by assisting the team conduct KYC quality samples and ECDD investigations. You will also be contributing to our Financial Crime risk management by investigating Transaction Monitoring and Customer Screening alerts.

To be considered for the opportunity, you will be required to demonstrate: 

• Skills in document production using MS Word, concise prose to accurately convey findings of your investigations and articulate AML risk
• Ability to conduct suspicious transaction analysis using bespoke software and MS Excel
• Experience with AML monitoring/case management software and Customer Screening tools
• An understanding of the AML/CTF Act and Rules, FATF and DFAT Sanctions arrangements
• Discretion and maturity, especially around privacy and sensitive commercial matters
• Exposure to environments regulated by AUSTRAC, ASIC, ATO, RBA, etc.
• Certification in ACAMS, CGSS, CFE or education in Law, Commerce, Accounting, Data fields
• Ability to represent the business and senior management, liaising with e.g. vendors, internal executive audience, external AML Compliance Officers

What you’ll do

At FinClear the AML Analyst’s key purpose is to help FinClear with managing its financial crime risk through investigating and monitoring any suspicious transactions.

You are likely to: 

1. Ensure customers meet CIP – Customer Identification Procedure standards
   • KYC Sampling:
   • Extract a statistically significant number of client accounts from a source system to obtain customer information and verification documents
   • CIP – Customer Identification Procedure standards articulated in our Part B AML program & The AML Act and Rules
2. Conduct holistic Customer Risk Assessments and written recommendations to Senior Management
   • ECDD Investigations:
   • Clarifying UBO – Ultimate Beneficial Ownership (UBO) of complex corporate clients
   • Conduct PEP, Adverse media and Sanction screens
   • Utilising electronic databases (e.g. ASIC data) to inform holistic customer risk assessments
3. Transaction Monitoring and Customer Screening alert investigation
4. Review and Establish Control Advice
   • Working with Operations and Compliance staff to define AML controls for clearing, execution and settlement of securities and derivatives