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Due Diligence Analyst

Job Title: Due Diligence Analyst
Contract Type: Permanent
Location: Sydney
Reference: 2799860
Contact Email:
Job Published: September 10, 2018 16:47

Job Description

The Sanctions Escalations & CBDD team conducts Correspondent Banking Due Diligence (CBDD) for all new and existing Correspondent Banking Relationships (CBR) across the Group. It manages trade & sanctions escalations from the Trade Finance & Sanctions Operations teams. You will be a CBDD SME – you and your team plays a crucial role in ensuring the bank or its subsidiaries complies to both internal and regulatory obligations on CBRs.

    • Undertake new and ongoing Correspondent Banking Due Diligence (CBDD) assessments for all Correspondent Banking Relationships (CBR) across the Group (as required).
    • Core activities relating to CBRs (including Group mailbox management)
    • Identify and raise opportunities for simplification or increased efficiency
    • Perform Overseas Financial Institutions (OFI) KYC requests
    • Conduct correspondent banking monitoring via SWIFT tool
    • Conduct monthly CBR reconciliation
    • Review media monitoring alerts and make appropriate recommendations.
Key Requirements:
  • Development and continuous improvement of sanctions escalations and correspondent banking due diligence processes.
  • Identification and escalation of alert trends so that improvements to business processes can be made
  • Maintain an up-to-date focus and knowledge of financial crime, AML/CTF, sanctions and security-related trends and emerging issues
  • Understanding of Australian and international sanctions frameworks and obligations
  • Financial services industry base knowledge and experience
  • Significant focus on accuracy and attention to detail under time constraints

If you are suitable for this role please apply or call Liam Sweeney on 02 9775 5930.

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