Senior Policy Analyst - Country Financial Crime Risk

1w1 week ago

Westpac

London, GB · Contract · £75,000 – £95,000

About this role

This 6-month contract role at Westpac supports the International AML team on a key regulatory project. The amended Australian AML/CTF Act expands extra-territorial obligations and enables consistent global AML/CTF risk management. The position leads regulatory and comparative analysis for locations including London, New York, Frankfurt, and Singapore.

You will partner with Country Financial Crime leaders to agree on the best operating model, either Country Addenda or Country AML/CTF Policy. Under the Country Addenda model, review global AML/CTF Policies against local laws to identify more stringent, different, or less-stringent requirements. Capture variations in a globally consistent Country Addenda template.

In the Country AML/CTF Policy model, compare new global standards against local policies to incorporate requirements. Consult with second and first lines of defence teams on proposed changes. Facilitate review and approval in line with global policy requirements.

Westpac, Australia’s first bank and oldest company, offers this opportunity in its London office. Support the international Financial Crime business by uplifting locations to the target state. Drive a strategic shift in the regulatory landscape for the Australian regulated sector.

Requirements

Expertise in global AML/CTF regulatory frameworks including Australian AML/CTF Act
Experience conducting comparative analysis of international AML/CTF laws and regulations
Knowledge of regulatory obligations in UK, US, EU, and Singapore jurisdictions
Skills in identifying variations between global policies and local requirements
Ability to consult with first and second lines of defence in financial crime compliance
Proficiency in developing country addenda or local AML/CTF policies and standards
Understanding of extra-territorial AML/CTF obligations and risk management approaches

Responsibilities

Partner with Country Financial Crime leaders to agree the operating model best suited to their location
Review and compare new global AML/CTF Policies and Standards against local AML/CTF obligations
Identify more stringent requirements under local regulatory landscape
Identify different requirements under local landscape with input from local country 2LOD/1LOD teams
Identify less-stringent country variations needed for local conflicts of law or commercial impacts
Consult on proposed variations with stakeholder teams within second and first lines of defence
Capture scope of country-variations in the Country Addenda template in a globally consistent manner
Facilitate review and approval of the Country Addenda in line with global Policy requirements

Benefits

Work in Westpac's London office supporting international Financial Crime business
Exposure to global locations: London, New York, Frankfurt, Singapore
6-month contract inside IR35 with PAYE day rate