Senior Financial Crime Analyst

Australian Unity - Senior Financial Crime Analyst 

About us

Established in 1840, we are Australia’s first wellbeing company, delivering health, wealth and care services for our members and the community.

As a social enterprise, we’re motivated by our purpose to positively impact the wellbeing of millions. We reinvest profits to deliver products and services sustainably that matter most to our members, customers and the Australian community.

For us, Real Wellbeing encompasses the whole experience of life. It’s about feeling supported in your health, connected with your community and empowered to live life on your terms.

Your New Role Looks Like This:

The Senior Financial Crime Analyst is responsible for identifying, investigating, and mitigating financial crime risks, including money laundering, fraud, terrorist financing, and sanctions violations. The role focuses on conducting complex investigations, analyzing transaction patterns and customer behaviour, and ensuring compliance with regulatory and internal policies. The analyst provides expert judgment on high-risk cases, prepares detailed investigative reports, supports regulatory audits, and contributes to the continuous improvement of financial crime controls, typologies, and monitoring frameworks. Additionally, the role may involve mentoring junior analysts and collaborating with compliance, legal, and business teams to strengthen the organization’s financial crime prevention efforts.

Key responsibilities include:

• Conduct complex financial crime investigations (AML, fraud, sanctions, terrorist financing): Accuracy and quality of case investigations; percentage of cases completed with SLA; low rework or escalation due to errors.
• Identify, analyse, and document suspicious activity and emerging typologies: Quality and completeness of investigative reports; Number of well-substantiated SAR/STR filings; Adoption of identified typologies into monitoring frameworks.
• Ensure compliance with regulatory requirements and internal policies: Zero or minimal regulatory breaches attributable to investigations; Successful internal and external audit outcomes; Timely implementation of regulatory updates.
• Provide expert risk assessment and decision-making on high-risk customers and transactions: Consistency and defensibility of risk decisions; Reduction in false positives for high-risk alerts; Effective escalation of material risks.
• Support and contribute to financial crime control enhancements. Contributions to process improvements or control design; Demonstrated reduction in investigation cycle times; Feedback from compliance and risk stakeholders.
• Collaborate with cross-functional teams (Compliance, Legal, Operations, Business): Timeliness and effectiveness of stakeholder engagement; Resolution of complex cases requiring cross-team input; Stakeholder satisfaction feedback.
• Stay current on financial crime regulations, trends, and risks: Ongoing training and certifications completed; Application of new regulatory or typology knowledge in investigations; Thought leadership contributions or insights shared

About You:

• At least 5 years’ experience in similar roles within financial services industry
• Preferred qualification in AML ACAMS
• Knowledge of ASIC and APRA as well as AML/CTF and FATCA/CRS legislation
• Strong expertise in financial crime risk areas, including AML, CTF, fraud, sanctions, and bribery and corruption
• Proven experience conducting complex investigations and producing high-quality SMR reports
• In-depth knowledge of relevant financial crime regulations, regulatory guidance, and industry best practices
• Advanced analytical skills with the ability to identify suspicious patterns and emerging typologies
• Sound judgment and decision-making skills in high-risk and escalated cases
• Experience working with transaction monitoring systems and investigative tools
• Strong written and verbal communication skills, including the ability to document and clearly articulate findings
• Ability to collaborate effectively with legal, compliance, risk, and business stakeholders
• Experience mentoring or supporting junior analysts
• Demonstrated ability to manage competing priorities and meet strict deadlines

Applications Close: January 19th, 2025

What’s on Offer:

You will enjoy a range of great employee benefits and rewards including:

• Competitive salary + bonus program
• Enjoy additional yearly Well-Being and Community leave days
• 14-week paid parental leave, with equal benefit for both parents PLUS our Bump to Baby
• Employee Referral Program
• Employee Assistance Program – support and assistance for you and your partner at those times in life when you need it most
• Maxxia Rewards - a great range of discounts and benefits at selected retail outlets, department stores, attractions, travel, cinemas, restaurants.
• Discounts across the Australian Unity business including Private Health Insurance, General Insurance + more!
• Available access to LinkedIn Learning courses through our great Learning platform

For further benefits visit: https://www.australianunity.com.au/careers/culture