Description:
Job Title: Senior Compliance Consultant
Location: Brisbane
Salary/Rate: $1500-$2000 Per Day
Start Date: 03/03/25
Job Type: 6-12 Month Contract
Company Introduction
We have an exciting opportunity now available with one of our sector-leading consultancy clients! They are currently looking for a senior compliance consultant to provide expert advice and guidance on regulatory compliance within the custody and securities services sectors in Australia.
Job Responsibilities/Objectives
You will be responsible for ensuring that the organisation's operations adhere to local and international regulatory standards. You will also be working closely with internal business teams and regulatory bodies to enhance and maintain robust compliance frameworks, policies, and procedures governing the custody, securities, and asset management functions.
* Regulatory Compliance Oversight:
o Advise on compliance with key Australian regulations, including the Corporations Act 2001, Australian Securities and Investments Commission (ASIC) rules, Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act, and applicable provisions under the Financial Transactions Reports Act 1988.
o Monitor local and global regulatory developments and ensure that compliance programs are updated in line with changes from ASIC, APRA (Australian Prudential Regulation Authority), and other relevant bodies.
* Risk Management:
o Identify and assess compliance risks associated with custody, securities services, and asset management activities.
o Collaborate with internal risk and operational teams to mitigate risks and ensure proper controls are in place to comply with Australian financial laws.
* Compliance Advisory:
o Provide expert compliance advice across custody operations, securities trading, asset servicing, and settlement functions.
o Work with business units to design and implement processes for compliance risk management, particularly within securities trading, investment management, and custody services.
* Training and Awareness:
o Develop, deliver, and maintain training programs to educate staff on regulatory compliance, risk management, and internal policies specific to custody and securities operations in Australia.
o Foster a strong compliance culture by promoting understanding of legal and regulatory requirements across the business.
* Internal Audit and Monitoring:
o Assist with internal audits, regulatory reporting, and compliance monitoring functions to ensure adherence to Australian regulations and international standards.
o Conduct regular reviews of policies and procedures in custody and securities operations to assess compliance effectiveness.
* Stakeholder Liaison:
o Serve as the primary point of contact for ASIC, auditors, and other relevant external stakeholders on compliance issues related to custody and securities services.
o Engage with industry groups, professional associations, and regulatory bodies to stay abreast of any updates or changes in relevant laws and regulations.
* Transaction Monitoring:
o Oversee transaction monitoring systems and support the identification, reporting, and prevention of suspicious activities related to securities transactions and the custody of assets, including monitoring for compliance with AML/CTF obligations.
o Ensure that all AML/KYC procedures are properly implemented in securities transactions and custodial services.
* Compliance Reporting:
o Prepare and submit accurate and timely regulatory reports, including financial statements, compliance filings, and disclosures to ASIC and other regulatory authorities.
o Ensure that all relevant compliance documentation is filed in line with Australian regulatory requirements.
* Regulatory Engagement:
o Act as the liaison between the organisation and regulatory authorities, such as ASIC and APRA, for audits, compliance assessments, and reporting requirements.
o Support the organisation's ongoing compliance with financial services regulations, including those related to licensing (AFS Licenses) and custodial requirements.
Required Skills/Experience
The ideal candidate will have the following:
o Experience in compliance within the Australian financial services industry, with a strong background in custody, securities services, or asset management.
o Solid knowledge of Australian regulations such as the Corporations Act 2001, ASIC regulatory guides, AML/CTF laws, and compliance frameworks for custodial services and securities trading.
o Experience in providing compliance support for trading, settlement, asset servicing, or custody-related operations.
o Strong analytical and problem-solving skills with the ability to assess complex regulatory challenges.
o Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and compliance-related software/tools.
o Familiarity with transaction monitoring systems and compliance monitoring tools
o Thorough understanding of the Corporations Act 2001, ASIC regulations, AFS licensing requirements, AML/CTF regulations, and the regulatory framework governing securities trading and custodial services in Australia.
o Familiarity with ASX (Australian Securities Exchange) rules and global regulations affecting Australian financial services (e.g., FATCA, MiFID II, EMIR).
Desirable Skills/Experience
Although not essential, the following skills are desired by the client:
o Bachelor's degree in Finance, Law, Business, or a related field (or equivalent professional qualifications).
o Relevant certifications such as Certified Compliance Professional (CCP), Certified Anti-Money Laundering Specialist (CAMS), or other compliance-related certifications are a plus.
If you are interested in this opportunity, please apply now with your updated CV in Microsoft Word/PDF format.
Disclaimer
Notwithstanding any guidelines given to level of experience sought, we will consider candidates from outside this range if they can demonstrate the necessary competencies.
Square One is acting as both an employment agency and an employment business, and is an equal opportunities recruitment business. Square One embraces diversity and will treat everyone equally. Please see our website for our full diversity statement.