Risk and Compliance Officer

As Australia’s longest serving Defence financial institution, we have supported those who protect and serve our country for over 65 years. And as a member-owned bank, we are here for our members first, helping them to achieve their financial goals with a range of competitive products and personalised service. In 2024, we were named one of the World’s Best Bank by Forbes and won Canstar’s Consumer Bank of the Year for Everyday Banking.

Your Role:

This position is responsible for the administration and support of the enterprise risk, compliance and assurance activities, and ongoing review and monitoring of the Bank’s risk and compliance frameworks, policies, and procedures. This involves working with staff at all levels across the Bank to identify, analyze, evaluate, treat, and monitor key material and compliance risks.

What You'll Do:

• Compliance review, risk and controls testing, and risk assessments as well as compliance monitoring on regulation updates and implementation
• Monthly credit quality reviews
• AML/CTF/KYC compliance reviews and monitoring
• Incident and breach investigations, follow up and reporting
• Compliance and audit investigations, follow up and reporting
• Compliance reporting to regulators
• Management reporting, including monthly Enterprise Risk reports to Management Committees, Executive Committees and Board
• Review and update Enterprise Risk policies, procedures, plans, frameworks, risk appetite statement
• Monitor and review specific end user calculators
• Training and communication including updating intranet news and forums, face-to-face training, webinars
• Regular updating of risk registers, metrics and records in the GRC system
• Maintaining the Policies and Procedures repository library
• Ad hoc projects, including testing and implementing new processes, controls and systems

What We're Looking For:

• Knowledge and understanding of regulatory compliance in financial services and licence obligations in Australia (e.g. ASIC, APRA, AML, CTF, Privacy Act, NCCP).
• Ability to develop policies, procedures, plans, frameworks.
• Risk management and reporting skills.
• Strong analytical, investigative, and critical thinking skills.
• Strong communication skills including clear, concise written and oral communication skills.
• Advanced Microsoft Office skills (Excel, Word, PowerPoint) and other systems (Promapp).
• Competent in using and maintaining GRC system.
• Experience working in a risk management and compliance, audit or quality assurance role, ideally within financial services.

Benefits

Working with Australian Military Bank will provide you access to a great range of benefits including:

• Staff Banking product + Services discounts
• Novated Leasing options
• 4 weeks Paid Parental + Purchased Leave option
• Referral Reward Program
• Employee Assistance Program
• Annual Flu Shot + Blood Donor Leave
• Polo Shirt provided
• Service Awards

Why Us

Australian Military Bank forms an integral part of the wider Defence community. We offer our staff competitive remuneration, discounts on banking and insurance products and ongoing learning and development programs. You will be provided with training and coaching on the job to provide you with the tools to be successful in this role. Australian Military Bank provides realistic progression opportunity nationwide and the opportunity to embrace new technologies and ways of working.

Probity check

As we are an Authorised Deposit Taking Institution, there is a requirement to complete the standard range of Credit, Police and Bankruptcy checks prior to commencement of employment.  

This is an exciting, challenging position with the opportunity to build your career with a highly trusted mutual bank. We move quickly with our interview process, if you are keen please submit your CV today!