AML/CFT Supervisor - Supervision Department

Title
AML/CFT Supervisor - Supervision Department
Close date
24/05/2019 05:00
Office location
Wellington
Job description(s)

The Bank is responsible for the formulation and implementation of public policy to maintain price stability and support maximum sustainable employment, and to promote and maintain a sound and efficient financial system.

 

The Supervision Department is responsible for the prudential supervision of banks, insurers and financial market infrastructures (FMI) as well as oversight of the non-bank deposit taker (NBDT) sector.  We are also responsible for supervising compliance with anti-money laundering legislation as it relates to banks, NBDTs and selected insurers.

 

We are seeking one AML/CFT Supervisor to join the Banking AML/CFT Supervision team in a permanent role, and one for a fixed term of 12 months as parental leave cover.

 

Reporting to the Manager – Banking and AML/CFT Supervision, the role forms part of the team that is responsible for:

  • monitoring compliance with the AML/CFT legislation.

  • monitoring and assessing the level of risk of money laundering and terrorist financing across reporting entities.

  • providing guidance to the reporting entities RBNZ supervises in order to assist those entities to comply with the Act and regulations.

 

The key responsibilities of this position include:

 

  • Undertaking analysis and assessment of reporting entities’ compliance with their AML/CFT requirements through on-site visits and desk based reviews.

  • Developing and undertaking industry outreach and internal training programmes.

  • Contributing to the development and implementation of the RBNZ’s AML/CFT policy and supervisory framework.

  • Developing internal and external relationships and representing the Reserve Bank in domestic and international fora (as required).

 

You will need to have:

 

  • A broad understanding of AML/CFT requirements – domestic and international.

  • Relevant experience related to ensuring or assessing reporting entities’ compliance with AML/CFT obligations.

  • Strong academic qualifications in related fields.

  • Relevant financial sector, policy development and/or compliance experience – ideally four years or more.

  • Excellent communication and relationship building skills.

 

The RBNZ offers a flexible working environment and provides excellent opportunities for career development. 

  

Informal enquiries about the technical aspects of the role can be made to Daryl Collins, Manager – Banking and AML/CFT Supervision. Email Daryl.Collins@rbnz.govt.nz

 

Applications, including a CV and covering letter, should be emailed to Sharon.Brooks@rbnz.govt.nz by Friday 24th May 2019. Please indicate if you are applying for the permanent or fixed term role.