AML/CFT Supervisor - Supervision Department

AML/CFT Supervisor - Supervision Department
Close date
24/05/2019 05:00
Office location
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


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