Philippines onlyDBC Philippines is the shared services company of Deep Blue Company (DBC) - an innovative Australian scale-up reimagining the experience in the 'sale to settlement' for residential property buyers, sellers and real estate agents across Australia. Our group of brands includes Conveyancing.com.au, First Class Legal and bytherules - three leading Property Law firms.
The main responsibility of the AML Compliance Analyst is to support our response to Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Tranche 2 reforms, which will bring conveyancers and other designated non-financial businesses and professions (DNFBPs) under the AML/CTF Act for the first time. Reporting to the AML Compliance Officer, you will play a central role in designing, implementing, and managing AML/CTF compliance obligations for our conveyancing clients and internal stakeholders, ensuring readiness ahead of the legislative commencement date.
You will be responsible for:
- Review and advise on Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures for conveyancing transactions
- Identify and assess money laundering, terrorism financing, and fraud risks specific to the conveyancing industry
- Support the development and application of risk-based approaches to client onboarding and ongoing monitoring
- Assist in the preparation and review of suspicious matter reports (SMRs) and threshold transaction reports (TTRs) as required
- Leverage experience in fraud detection to identify red flags relevant to property transactions
- Conduct transactional monitoring and review alerts in accordance with established escalation processes
- Collaborate with stakeholders to investigate potential AML/CTF breaches or suspicious activity
- Liaise with conveyancers, legal practitioners, and other designated service providers to assist in compliance readiness
- Prepare management reporting and compliance dashboards for senior leadership and board-level committees
- Participate in industry working groups and maintain relationships with AUSTRAC and other regulatory bodies as required
- Assist with internal audits and regulatory examinations, including preparation of responses and evidence packs
Your required experience and skills:
- A Bachelor’s Degree (2:1 or above preferred) or relevant work experience required
- In-depth understanding of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) requirements, along with the financial crime risks related to various services in the legal industry
- Experience in AML, Know Your Customer (KYC), and Due Diligence monitoring, including relevant processes and systems
- Strong ability to manage processes efficiently, maintaining accuracy and attention to detail
- A recognized AML or Compliance qualification is desirable, but not essential
- Exceptional communication and stakeholder management skills
- Highly organized, with the ability to work effectively under pressure and meet deadlines
- Capable of contributing ideas for process improvements and adapting easily to changes in procedures
- Positive attitude with a solution-focused approach in all aspects of work
- Proficient in Microsoft Office applications and other productivity tools
- Ability to work independently and collaborate with other departments as needed
WORKING LOCATION AND REQUIREMENTS
This role works in a WORK-FROM-HOME SETUP (may require a small amount of onsite training)and in order to be considered for this opportunity you must be able to demonstrate your home working environment is as follows:
- conducive home office (free from noise and distraction)
- main internet: wired internet of at least 100mbps
- reliable back up internet: at least 20mbps speed
Australia only