AML Compliance Analyst

Company Description

DBC 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

Job Description

Qualifications

Additional Information

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