AML Analyst/Specialist
- Support KYC Outreach and Enhanced Customer Due Diligence processes.
- Conduct investigations into suspicious transactions and customer behaviour.
- Collaborate with internal stakeholders on AML risk assessments.
Who are we?
Police Bank is one of Australia’s fastest growing Mutual Banks. We are a progressive, purpose-driven financial institution, and we pride ourselves on offering a competitive range of financial products and services, all of which have been created with the needs of our members front of mind.
About the Role
The AML Analyst supports the Bank’s KYC Outreach and Enhanced Customer Due Diligence (ECDD) processes while managing business-as-usual (BAU) financial crime activities, including transaction monitoring, suspicious matter investigations, and regulatory reporting, ensuring ongoing compliance with AML/CTF obligations and effective management of high-risk customers.
Key Responsibilities:
KYC Outreach – Existing High-Risk Customers
- Conduct outreach to high-risk customers requiring additional due diligence.
- Collect and verify: Source of Funds (SoF), Source of Wealth (SoW,) Nature and purpose of the banking relationship & Identity documentation
- Review and validate customer information and supporting documents.
- Follow up on incomplete or insufficient submissions.
- Update systems and maintain audit-ready records.
ECDD – New-to-Bank High-Risk Customers
- Perform ECDD on customers escalated during onboarding from Retail and Client Data teams.
- Analyse risk indicators identified by the Risk Rating Model.
- Assess customer risk across: Profile and expected activity, Jurisdiction, Products/services & Screening results (PEP, sanctions, adverse media)
- Prepare recommendations (approve, escalate, decline).
- Submit cases for Senior Management approval prior to onboarding.
BAU Responsibilities
- Conduct end-to-end investigations into suspicious transactions and customer behaviour.
- Prepare and submit Suspicious Matter Reports (SMRs) to AUSTRAC (or relevant regulator).
- Review and enhance transaction monitoring alerts and rule sets.
- Perform enhanced customer due diligence (EDD) and ongoing KYC reviews.
- Collaborate with internal stakeholders on AML risk assessments and remediation initiatives.
- Stay up to date with evolving AML/CTF regulations, typologies, and industry best practices.
About You
We’re looking for someone who brings:
- Previous experience in an AML role working in the banking and/or financial services space
- A strong understanding of AML/CTF laws, regulations, and obligations
- Tertiary qualifications in Law, Business, Finance, or related field (desirable)
- ACAMS or similar AML/Compliance certification (desirable)
- Excellent analytical, research, and report-writing skills
- Strong stakeholder engagement and communication abilities
- High attention to detail and sound judgment
Why Join Us?
- Be part of a high-performing and purpose-driven team
- Work in a collaborative environment focused on continuous improvement
- Grow your expertise in financial crime risk management
- Access professional development and learning opportunities
- Make a real impact on how we safeguard our business and our customers
Whether you are currently working in an AML role or looking to move into a specialist position from an adjacent field, we encourage you to apply.
Police Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, gender identity or expression, sexual orientation, age, marital or disability status. This role is open to Australian and New Zealand Citizens and permanent residents only.
Apply here
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