Senior Compliance Associate

Job Description

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 role A 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 Role Assist 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 policies. Support 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. Qualifications What you bring 3+ years’ experience in a similar role in Risk and Compliance in the financial services sector, ideally within a Payments related business. Knowledge of current AML/CTF, Risk, Anti-Fraud and broader financial services obligations and frameworks in Australia and New Zealand. Regulatory reporting knowledge, particularly in relation to AUSTRAC IFTI-DRA structures. Adept at operating in a disbursed, collaborative environment. Hands-on experience with data preparation or data visualisation tools (Alteryx, PowerBI, Tableau, Looker). Ability to identify and solve data problems originating from business processes or non-technical reports. Exposure to risk analytics, AML or analytics in regulatory compliance will be highly appreciated. Ability to prioritise work and resources, keeping business objectives at the forefront of the decision-making process. Strong stakeholder management and problem-solving skills. Strong communication skills, both written and verbal. Ability to maintain high standards of accuracy and work under pressure to achieve deadlines. Additional Information What it's like working at OFX We’re OFXers because we want to make a difference. We see challenges as opportunities and we’re not afraid to roll up our sleeves to get stuff done. We’re committed to making things easier for our clients, pushing boundaries and continuing to move with the times so that we can continue to inspire confidence every day and through every transaction. We operate as one team, cross-functionally and globally, to drive outcomes that deliver excellence for our customers. We're curious self-starters who love learning and sharing our knowledge with others. We embrace change and use our initiative and resilience to overcome challenges. Always keep learning. We offer a wide range of learning and career development opportunities to help every OFXer build their capacity and career, with leadership training, secondments, internal mobility and access to a large library of online learning. Make a difference. Through our Make a Difference program, we encourage OFXers to give back to causes and communities that are important to them. We celebrate this with an annual volunteer day, which OFXers can use together or individually, as well as matched giving and the opportunity to nominate charity of choice every quarter. Reward and recognition. We recognise a job well done. OFXers are encouraged to celebrate their peers’ effort, technical expertise or support through a range of global and regional channels and awards, including quarterly and annual awards, milestones and shout outs. Showing our social side. Our Good Vibes employee-led committees around the globe organize events to help keep our employees engaged inside and outside the office. Whether it’s a wellbeing activity, end of year celebration, or a monthly team get-together, our team wants you to feel welcome! Benefits that mean something. We offer a range of fantastic benefits, including primary and secondary gender neutral carer parental leave (16 weeks) or birthday leave, you'll feel well-supported at OFX. A great work environment. Enjoy work-life balance and flexibility with our hybrid work model, in an inclusive, diverse and non-hierarchal culture. At OFX, we are committed to fostering a diverse, inclusive and accessible workplace where we value, respect, and encourage our people to be their authentic selves. With an employee base as diverse as the clients we serve, we know that fostering an inclusive workplace is fundamental to our continued success. If you require accommodation for any portion of the recruitment and hiring process, please email us at We encourage you to apply if this role aligns with your career aspirations. #J-18808-Ljbffr