Compliance Manager & MLRO - Australia

Railsbank (Melbourne VIC, Australia) 20 days ago

About Railsbank


Railsbank is the world’s leading global open banking platform that gives customers access to global financial services with five lines of code.  


The company was founded by serial Fintech entrepreneurs who previously founded successful and award winning companies including Evolution and Currency Cloud.


The Railsbank platform is an enabler for customers like Fintechs, prominent brands and traditional financial services firms to launch any financial services use-case they can think of, using Railsbank’s super simple set of APIs, financial operations capabilities, regulatory licenses and partner network.  Railsbank is a one-stop shop for “bank in a box” services.


An example of the power of the Railsbank platform is that in the space of three working days, customers have built fully functional prototypes of digital banking apps that create real bank accounts, spend money with a real debit card (with the customer’s branding) and can send and receive real money through bank transfers.  This speed in standing up fully functioning financial services use-cases is unique in the world.


Since launching in 2016 in London, Railsbank has expanded across Europe, launched in Singapore and we are continuing to extend our capabilities in SE Asia, the US, Japan and Australia.


The success of Railsbank is purely driven by our high-performance team, who have an unwavering belief and dedication to the core values that unite us.  As a result of building a team on core values, we have been from the beginning and shall remain a diverse and inclusive team. For example, Railsbank are the only Fintech in the world with a 50/50 gender ratio.


The team’s performance has been recognised through both customer successes and Railsbank winning many awards including being included in the FinTech50 (Europe’s Top 50 Fintech Companies) for two years in a row.


We are now scaling the company across Australia and looking for exceptional people who share the same core values, to join team Railsbank. 


The Role


As Compliance Manager, you will be responsible for upholding high regulatory compliance standards for Railsbank and its partners in Australia. This position is based in our Sidney office.


We are looking for you to:


  • Design and implement Railsbank regulatory compliance program  across the Australia market.
  • Be the main point of contact for the regulators, ASIC and AUSTRAC.
  • Write, update and continually improve policies and company guidelines for compliance in line with local and international regulations and company policies.
  • Develop and implement compliance oversight and monitoring programmes for corporate customers and end-users.
  • Guide and assist operations in performing KYC/KYB and assessment of customer controls regarding AML/CFT, operational risk and business conduct.
  • Responsible for Independent AML audits.
  • Act as compliance and financial crime subject matter expert towards other functions within the company, such as sales, marketing, customer success, product and technology.
  • Ensure the highest level of governance with internal policies and regulatory requirements within the company. Deliver internal training and awareness programs.
  • Work closely with the Risk & Compliance Operations team to oversee identification and reporting of anomalies such as suspicious transactions or suspicious behaviour.
  • Perform Suspicious Transaction Reporting as well as Statutory Reporting as required by regulatory bodies in Australia.
  • Assist internal teams and liaise with regulatory or law enforcement authorities in financial crime related investigations.
  • Develop compliance product requirements together with Product and Engineering teams.
  • Ensure governance with global compliance processes and design localised procedures and actions as required by local regulatory authorities.

We are looking for the following skills/experience:


  •  Problem-solving, positive and constructive attitude is a must.
  • Comfort in dealing with ambiguity and operating in a fast-changing environment.
  • Excellent verbal and written communication in English and ideally one local language.
  • Strong written communication, talented writer of practical and synthetic compliance guidelines.
  • Structured, factual and data-driven. Ability to deep dive into data and elaborate clear and synthetic insights.
  • At least 5-year relevant experience, ideally in a regulatory compliance, risk or internal audit function in a Fintech or a financial institution and/or the card industry.
  • Familiarity with CDD/EDD/KYC processes and operations in Australia. Knowledge of other jurisdictions is a plus.
  • Advanced knowledge of e-money and digital banking regulations in Australia.
  • Expertise in financial crime typologies - AML/CFT, fraud and abuse, and associated prevention and controls. Working experience with technology solutions such as AML/CFT transaction monitoring and fraud prevention.
  • Proven experience working with financial regulators, government agencies and law enforcement.
  • Previous experience and/or comprehensive knowledge of banking processes and credit card rules is a plus.


What We Look for in Our Team Members and Our Values

Being an integral part of the Railsbank team and sharing our values is important to us. The environment at Railsbank is fast-paced, exciting, and dynamic. It suits people that love to collaborate and support one-another. We are all driven by the same values and are looking to welcome new people to the team that share these values. Our values are: excellence, accountability, diversity, work/life balance, trust, fun, inclusive, friendship, noble cause, and respect.


Equal Opportunities Employer

Railsbank is an Equal Opportunity Employer and does not discriminate on the basis of race, religion or belief, colour, sex or gender identity, sexual orientation, age, disability, national origin, marital status, or any other basis.


Compliance Manager & MLRO - Australia

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