Job Overview & Organization Mission

Lead enterprise anti-money laundering, counter-terrorism financing, and AUSTRAC regulatory risk compliance for Australia’s largest bank.

Commonwealth Bank is recruiting a Senior Manager for Financial Crime Risk & AML/CTF Compliance in Sydney CBD. You will lead regulatory governance, suspicious matter escalation protocols, and transaction monitoring analytics to ensure compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

As a key member of the team at Commonwealth Bank of Australia (CBA) in Sydney, NSW, you will play a central role in driving excellence, upholding top-tier Australian industry standards, and contributing directly to the strategic milestones of one of the nation’s premier employers.

Key Duties & Core Responsibilities

In this critical role, your operational duties and key performance responsibilities will encompass:

• Oversee group-wide: Oversee group-wide AML/CTF program compliance and AUSTRAC regulatory engagement.
• Formulate enhanced: Formulate enhanced customer due diligence (ECDD) policies and correspondent banking reviews.
• Evaluate automated: Evaluate automated transaction monitoring thresholds and artificial intelligence anomaly detection.
• Direct investigation: Direct investigation of high-priority suspicious matter reports (SMR) escalated by intelligence teams.
• Advise executive: Advise executive product owners on financial crime risks associated with digital wallets and instant payments.

Required Qualifications, Licenses & Experience

To be successful in this position at Commonwealth Bank of Australia (CBA), candidates are expected to satisfy the following essential selection criteria:

• Mandatory Qualification: Degree in Law, Finance, or Accounting & CAMS Certification.
• Relevant Experience: Minimum 5+ Years of verified industry experience in Australia or recognized overseas equivalence.
• Bachelor’s degree in Law, Commerce, Accounting, or Criminal Justice.
• 7+ years financial crime compliance or regulatory risk experience within an ADI (bank).
• Certified Anti-Money Laundering Specialist (CAMS) designation.
• Comprehensive knowledge of Australian AUSTRAC regulations and FATF guidance.

Core Competencies & Key Technical Proficiencies

The successful applicant will possess demonstrated capabilities across the following domain skill sets:

Salary, Compensation & Employee Benefits

At Commonwealth Bank of Australia (CBA), we understand that our people drive our achievements. An outstanding remuneration and wellbeing package is provided in line with Australian benchmarks:

• Competitive Remuneration: AU$165,000 – AU$205,000 per year + standard Australian Superannuation (11.5%).
• Competitive salary $165,000 – $205,000 + super + attractive CBA performance incentives.
• Dynamic hybrid working rhythm (2 days office, 3 days home).
• Extensive career progression across Australia’s premier financial institution.
• Leave Entitlements: 4 weeks annual leave (with 17.5% annual leave loading where applicable) plus 10 days paid personal/carer’s leave.
• Flexible Work: Progressive work-life balance options with supportive corporate culture and leadership development pathways.

About the Employer: Commonwealth Bank of Australia (CBA)

Commonwealth Bank of Australia is one of Australia’s leading financial services institutions, providing retail and business banking services.

Commonwealth Bank of Australia (CBA) is deeply committed to building diverse, equitable, and culturally inclusive work environments. We proudly celebrate diversity and welcome applications from all qualified individuals including First Nations Australians, people with disabilities, and candidates from culturally and linguistically diverse backgrounds.

Application Process & Next Steps

Applications for this position are currently open and being reviewed on a rolling basis. Suitable candidates are encouraged to apply as early as possible before the published closing date.

Please prepare an updated Curriculum Vitae (CV) and a tailored Cover Letter highlighting your relevant experience against the key selection criteria outlined above.

To proceed with your application, click the Apply on Employer Site button to access the official Commonwealth Bank of Australia (CBA) careers gateway.