About Company
Westpac Banking Corporation, established in 1817, is Australia’s first bank and oldest company. With a rich history spanning over two centuries, Westpac has grown to become a leading financial services organization, serving millions of customers across Australia, New Zealand, and the Pacific. While our primary operations are concentrated in these regions, our global reach extends through corporate banking services and strategic partnerships. We are committed to helping our customers, communities, and people prosper by delivering superior financial services through a culture of integrity, innovation, and customer focus. Our mission is to be one of the world’s great service companies, and we achieve this by fostering a diverse and inclusive workplace where every employee can thrive and contribute to our collective success. Joining Westpac means becoming part of a global team dedicated to ethical banking, responsible finance, and making a positive impact on the economic landscape.
Job Description
We are seeking a highly motivated and detail-oriented Compliance Associate to join our team in Downtown, Waipahu. This is an urgent hiring need for a professional dedicated to upholding the highest standards of regulatory compliance and ethical conduct within the financial services industry. As a Compliance Associate at Westpac, you will play a crucial role in ensuring our operations adhere to all relevant local, state, and federal banking laws and internal policies, with a particular focus on AML/CTF, KYC, and consumer protection regulations. This position requires a keen eye for detail, strong analytical capabilities, and a proactive approach to identifying and mitigating potential risks. You will be responsible for supporting the broader compliance function, contributing to a robust control environment, and fostering a culture of compliance throughout the organization. This role offers an excellent opportunity for an individual with a solid foundation in compliance to grow their career within a reputable global financial institution, making a tangible impact on our commitment to regulatory excellence and customer trust. If you are passionate about financial integrity and possess a strong understanding of the regulatory landscape, we encourage you to apply and contribute to our mission.
Key Responsibilities
- Assist in the development, implementation, and maintenance of compliance policies and procedures.
- Conduct regular reviews of transactions and customer accounts to ensure adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
- Prepare detailed reports on compliance findings and present recommendations for corrective actions.
- Stay updated on changes in banking regulations and communicate their implications to relevant departments.
- Participate in internal and external audits, providing necessary documentation and explanations.
- Support the training of staff on compliance-related topics and internal policies.
- Investigate and resolve compliance-related inquiries and issues in a timely and efficient manner.
- Maintain accurate and comprehensive compliance records and documentation.
- Collaborate with legal, risk, and operational teams to ensure a cohesive approach to compliance.
Required Skills
- Bachelor's degree in Finance, Business Administration, Law, or a related field.
- Minimum of 2 years of experience in a compliance, risk management, or regulatory role within the financial services industry.
- Strong understanding of AML/CTF, KYC, OFAC, and other relevant banking regulations.
- Exceptional analytical skills and attention to detail.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
- Ability to work independently and as part of a team in a fast-paced environment.
Preferred Qualifications
- Certified Anti-Money Laundering Specialist (CAMS) certification or equivalent.
- Experience with compliance software and database management systems.
- Knowledge of Hawaii-specific financial regulations.
- Proven ability to interpret complex regulatory guidelines and apply them to business operations.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health, dental, and vision insurance.
- 401(k) retirement plan with company matching contributions.
- Generous paid time off, including holidays and sick leave.
- Opportunities for professional development and career advancement.
- Tuition reimbursement program for continued education.
- Employee assistance program and wellness initiatives.
- Vibrant and inclusive work culture in a global organization.
How to Apply
To apply for this urgent opening, please click on the application link below. We look forward to reviewing your qualifications and experience.