Senior Manager, Financial Crime Compliance – Commodities, Trade and Carbon

Senior Manager, FCC – Commodities, Trade and Carbon (CTC)

Do work that matters:

The Financial Crime Compliance (FCC) team is accountable for the development, implementation and ongoing leadership of the group’s financial crime compliance services. FCC leads the Group’s approach to managing AML / CTF, Sanctions, Anti-Bribery and Corruption, and Anti-Tax Evasion Facilitation risks and obligations through the provision of the following services:

• Policy and frameworks

• Regulatory engagement

• Advice and assurance

• Complex escalations

See yourself in our team:

Reporting to Executive Manager, FCC - Institutional Banking and Markets International (IB&M) and Group Treasury (GT), with a matrix reporting line to the General Manager, CTC Risk, your role will be to provide services to support the Commodities, Trade and Carbon (CTC) business unit within IB&M in the effective and efficient management of financial crime. This will mean working closely with our customers, stakeholders and colleagues, to provide financial crime related advice on projects, customers, transactions, products etc specific to CTC.

On any given day you will:

• Provide advice to the CTC business on all AML / CTF, Sanctions and AB&C matters.  This may include CTC products, channels and customer relationships as well as onboarding and ongoing due diligence requirements.

• Ensure the CTC business and its support units adhere to financial crime compliance policy, financial crime risk appetite and necessary control requirements.

• Support the CTC business and other FCC teams with customer and transaction escalations.

• Assist internal stakeholders across the Group to proactively identify, manage, and mitigate the financial crime risks in CTC across front, middle and back office.

• Work with the CTC business to understand and support business operations and growth strategy while providing Line 2 review and challenge.

• Collaborate across FCC and Risk to ensure emerging risks relevant to CTC are understood and captured within the control environment and risk appetite.

• Provide advice on financial crime compliance policy development and governance.

• Assist in the execution of financial crime compliance business divisional plans, risk assessments and programs.

• Participate in relevant risk assessments, reviews and forums as required. This includes (but is not limited to) the provision of financial crime related risk assessment advice on CTC products, channels and relationships.

• Assist CTC and support functions to develop and execute appropriate action plans to address identified issues relating to financial crime.

• Assist and respond to audit activities and findings.

• Assist in the development and delivery of relevant MI reporting.

• Forge strong relationships with members of the FCC and Risk community, as well as other internal stakeholders.

• The strength of FCC and its value to the Group is based on the trust the organisation places in us and the integrity that underpins our conduct.  As a member of our team, your conduct must enhance those attributes and the trust the organisation places in us.  You will need to navigate a complex business environment, balancing the competing needs of stakeholders, and managing complex trade-offs.  Throughout these complex circumstances, you will need to maintain strong collaborative relationships.

We’re interested in hearing from people who have:

• Experience in commodities (physical and derivatives), trade finance and carbon in either a Line 1 or Line 2 role.

• Experience in a compliance, AML / CTF, Sanctions and AB&C role (preferably in an advisory capacity).

• Demonstrated ability to assess and challenge financial crime risks in complete transactions and products

• Understanding of the financial crime regulatory framework with deep technical knowledge of the AML / CTF, Sanctions and AB&C risk environment.

• Exposure and experience in dealing with international AML/CTF obligations.

• Excellent co-ordination and stakeholder management skills with proven experience to influence senior stakeholders.

• Strongly developed oral and written communication.

• Superior drafting skills and capability.

• Experience in presenting at and running governance forums.

Working at CommBank

At CommBank, we support our people with the flexibility to balance where work is done with at least half their time each month connecting in office. We also have many other flexible working options available including changing start and finish times, part-time arrangements and job share to name a few. Talk to us about how these arrangements might work in the role you’re interested in.

Advertising End Date: 05/03/2025