Compliance Manager

At CurrencyFair, we're passionate about revolutionising the way people send and receive money around the world. As a peer-to-peer currency exchange, we're making it easier and more affordable for individuals and businesses to transfer funds across borders. We're looking for talented individuals who share our vision and want to join us in disrupting the traditional financial services industry.

This role is a full time permanent hybrid role, with ability to access our Sydney offices to address regulatory matters as required.

Role Description

This role will act as a Responsible Manager for Currencyfair Australia who would ensure that Currencyfair AU meets its regulatory obligations for maintaining its operating licences and by regularly reporting to the Executive team about risk and compliance obligations being met in line with the company's objectives.

The main function is to deliver a compliance framework and assist with regulatory reporting for the company. A key component of the role includes working closely and providing regular reports to the Executive team and also providing quarterly reports to the Audit Risk & Compliance Committee. The role will enable the successful person to further develop a professional career within Compliance.

Key Responsibilities

• Review and contribute to existing AML/CTF processes including onboarding CDD requirements and ongoing monitoring of our client base and transactions.

• Support to design the Compliance framework and implement procedures to ensure conformity with legal, regulatory and local policy requirements and obligations.

• Liaise with regulators, external consultants and auditors, including AML/CTF audits.

• Maintain relationships with a variety of regulators, AFCA, police forces and lawyers as required.

• Reviewing and signoff of external communications to ensure they adhere to requirements.

• Make decisions on potential incidents and report as required.

• Contribute to risk assessments including AML/CTF and compliance focused risk assessments.

• Undertake regular quality and compliance assurance of our services and work with operational teams to deliver process improvements and mitigate risks.

• Compiling MI and regulatory reporting including regular reports.

• Identify and escalate compliance and AML/CTF risks.

• Maintain compliance with all other licensing conditions.

• Review and sign off on all local marketing and other communications to customers.

• Oversee compliance with the local product governance requirements. Review and sign off on new initiatives and products launched in Australia.

• Research and make recommendations on new markets and new products from a compliance viewpoint.

• Assist CurrencyFair Group Head of Compliance and MLRO in conducting compliance activities for other Group entities.

• Provide training and support to all areas as required and rectifying knowledge gaps as they arise

Competencies

• Sound knowledge of domestic (Australia) legal and regulatory environment

• Knowledge of how to conduct regulatory gap analysis, policy creation and implementation

• Experience in liaising with ASIC, AFCA, and AUSTRAC.

• Ability to communicate positively with members of various internal teams and regulators

• Working knowledge of information security and personal data protection regulations requirements

Key Stakeholders

CurrencyFair Ltd Risk & Compliance Team

CurrencyFair Ltd MLRO

CurrencyFair Ltd Product Team

CurrencyFair Ltd Transaction Monitoring Team

Directors and Secretary of CurrencyFair Australia Pty Ltd

QUALIFICATIONS/SKILLS/EXPERIENCE REQUIRED:

Subject matter knowledge and experience

● 5+yrs experience in a financial services company in a compliance role.

● Excellent communication skills and the ability to influence others through logical and well thought out reasoning

● Proven ability in interpreting and applying legislation and Regulatory Guides.

● Demonstrated strong time and project management skills

● You will be willing to challenge the status quo and be able to instigate change management where required.

● Able and willing to make a recommendation or decision (appropriate to the role) and assess risk even when data may be incomplete.

● Relevant degree qualification in law, finance, or business. Industry experience and training will also be considered.

● Experience in online money remittance/ payment services.

Skills and characteristics

● Good communication skills

● Investigative mindset

● Continuous improvement orientated

● Confident working on your own and as part of a team

● Accuracy and attention to detail

● Ability to work under pressure

● Planning and prioritising to achieve set deadlines

Valued Behaviours

The organisation is committed to diversity and inclusion. By providing equal opportunities we foster a work environment which embraces diversity and gets the best out of the broadest spectrum of people to sustain business performance and competitive advantage. We build an inclusive culture by demonstrating respect for each other’s unique strengths and perspectives to enable every employee to develop a sense of belonging and have the opportunity to maximise their potential.

The signed job description should be part of the job library and be used for Performance Management objective purposes, development needs, and hiring requirements as needed.