At Xe, we live currencies. We provide a comprehensive range of currency services and products, including our Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. We leverage technology to deliver these services through our website, mobile app and by phone. Last year, we helped over 300 million people access information about the currencies that matter to them and over 225,000 people used us to send money overseas.

We are proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. Under their Money Transfer division, Xe and Ria Money Transfer have been brought together to help establish the third largest money transfer business in the world.

Reporting to the Board of Directors and functionality on day-to-day activities to the APAC Compliance Director. The Head of Compliance AU (“HOC”) is responsible for the Australian Compliance and Regulatory framework applicable to Xe Australia (Xe AU), and for managing the anti-money laundering, counter-terrorist financing, and consumer fraud prevention programs, ensuring that Xe AU products and services offered are in compliance and the operations are consistent with regulatory requirements and conditions.

The HOC is a Controlled Function and assumes the relevant regulatory position as the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Compliance Officer, as wells as serves as the point of contact with any regulatory or supervisory body in AU.

The key priority and focus of this role is to design and manage programs and systems and controls to ensure that the Xe AU business and operations are conducted within compliance to existing laws and regulations, as well as aligned with regulatory guidance and expectations, and oversee that risks identified are timely and adequately mitigated.

Our principles

• AMBITION - We dream big, try things out and always ask “why not?” and “what if?” We’re ambitious in our thinking and our delivery

• RESPONSIBILITY - We get involved, bring our perspective and are always open to new ideas. We take personal responsibility
• COMMUNITY - We value a sense of belonging, trusting each other and encouraging authenticity. We contribute to our community

What you'll do:

• Own, develop and maintain Regulatory and AML Compliance program, including but not limited to ensuring compliance suite of policies and procedures correspond to business needs while in compliance with regulatory requirements and the Company’s risk appetite;
• Oversees maintenance and execution of routine regulatory compliance assurance monitoring for the business ensuring adequate/timely communication of matters of interest to relevant forums/individuals;
• Own, develop and maintain the Compliance Risk Assessment Program that includes an assessment reasonably designed to cover the current financial crimes risks of the Australian operations (ML/TF/Consumer Fraud), which shall cover products, jurisdictions, customers, counterparts, and compliance operations.
• Ensure that risk assessment guidelines issued by the Compliance Money Transfer Segment of the parent company (EWI) are followed and applied, along with those specific risk assessments requirements expected by the regulatory body in the jurisdiction.
• Ensure that the risk assessment includes regular testing of the effectiveness of the current system and controls for detecting and preventing financial crimes.
• Escalating relevant risk matters to the APAC Compliance Director, Global Head of Risk & Compliance and the Board of Directors, proposing mitigating solutions to risks identified and ensuring in coordination with the Global Risk team that risks are mitigated.

• Maintains systems and procedural excellence through regular monitoring, effective root cause analysis and continuous improvement and acts as Risk Monitor / Individual Controller for nominated risks within the Risk Matrix;
• Provide regular visibility to the APAC Compliance Director, senior management and the Global Risk Group, regarding the effectiveness of the compliance function, as it relates to existing and upcoming Regulatory Environment, Risk Assessments, AML Program, Sanctions Program, Consumer Fraud Prevention, Complaints Handling, and Law Enforcement Requests;
• Responsible for making decisions in relation to policy exceptions and issues escalation;
• Provides input and consultancy (operational) into relevant business policies and operational plans impacted by legal, regulatory and risk/compliance issues;
• Maintains up to date knowledge and expertise on core business activities and assists in the analysis of proposed business initiatives from a risk based regulatory perspective;
• Champions a commercial approach to managing compliance across the business which includes leading AML training for AU operations, including senior management;
• Strives towards a continuous improvement of the AU compliance function and quality assurance;
• Conducting assessments and gap analysis on new regulations against existing policies and coordinating adapting the business and operations to the new regulatory environment;
• Working with the FIU and Compliance Operations teams, support design enhancements of money laundering, counter-terrorist financing, consumer fraud and other financial crimes systems and controls to comply with the legal and regulatory requirements, and to respond to current risks;
• Conduct testing of the financial crimes models on an ongoing basis to ensure the effectiveness of the systems and controls and apply the necessary changes to mitigate any existing or potential risks. Exercise oversight over the transaction monitoring and reporting team to ensure timely and adequate detection and reporting of potential illicit activity;
• Conduct analytics to identify trends and scenarios that may indicate new risks to the operations and take action on establishing stricter controls when necessary;
• Maintains relationship management and liaison with internal and external parties as necessary (including EWI legal counsel, auditors, law enforcement, regulators, banking counterparties, Lawyers & other relevant parties);
• Develops and maintains an open and positive relationship with external regulators and ensures all regulatory reporting requirements are met;
• Co-ordinates Company resources for audit reviews, partner reviews and regulatory risk assessments;
• Represents HIFX/XE within the FX/Payments industry;
• Delegate and supervise duties to appropriate persons in the compliance area to ensure that compliance issues are properly identified and handled;
• Makes sure that clear goals are set to teams and are regularly assessed (Quarterly minimum);
• ‘Trusted Advisor’ to business and managers in relation to regulatory compliance issues and responsibilities (including but not limited to Regulatory Directives, Training & Competence, AML, Consumer Fraud, Treating Customer Fairly);
• Champions pro-active compliance culture across the business and strives to embed strong working relationships between compliance/risk function and the business;
• Support on regional or global compliance projects as defined and instructed by the APAC Compliance Director or in coordination with the Global Head of Risk & Compliance;

Who you are:

• Bachelor in business, finance, law enforcement, legal studies or a related field. May be substituted with equivalent work experience in Banking or MSB industry;
• Knowledge of AML/CTF/Fraud laws and regulations;
• Experience of working within FX/IP/Banking industry is a must have experience of compliance with ASIC and AUSTRAC in Australia;
• Must have an expert level of knowledge of AML/CFT, financial service laws, regulatory requirements and obligations in Australia;
• Demonstrate a track record gained working within a similar role within the financial industry for a minimum of 5 years;

• Competitive market-based salary
• Annual Discretionary Bonus
• Superannuation
• Healthcare
• 20 days annual leave increasing with each year of service (capped at 25 days
• Paid day off for your Birthday
• Discounted Euronet Employee Share Purchase Plan (ESPP)
• Plumm Mental Health and Wellbeing

We want Xe to be a great place to work and to ensure that our communities are represented across our workforce. A vital part of this is ensuring we are a truly inclusive organisation that encourages diversity in all respects.

At Xe we are committed to making our recruitment practices barrier-free and as accessible as possible for everyone. This includes making adjustments or changes for disabled people, neurodiverse people or people with long-term health conditions. If you would like us to do anything differently during the application, interview or assessment process, including providing information in an alternative format, please contact us on recruitment@xe.com