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 RoleThe 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 CustomersConduct 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 documentationReview and validate customer information and supporting documents.Follow up on incomplete or insufficient submissions.Update systems and maintain audit-ready records.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 ResponsibilitiesConduct 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 YouWe're looking for someone who brings:Previous experience in an AML role working in the banking and/or financial services spaceA strong understanding of AML/CTF laws, regulations, and obligationsTertiary qualifications in Law, Business, Finance, or related field (desirable)ACAMS or similar AML/Compliance certification (desirable)Excellent analytical, research, and report-writing skillsStrong stakeholder engagement and communication abilitiesHigh attention to detail and sound judgmentWhy Join Us?
Be part of a high-performing and purpose-driven teamWork in a cooperative environment focused on continuous improvementGrow your expertise in financial crime risk managementAccess professional development and learning opportunitiesMake a real impact on how we safeguard our business and our customersWhether 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.
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📌 Aml Analyst: Kyc & Ecdd Investigator (Victoria)
🏢 Police Bank
📍 Victoria