Compliance Manager Job in New ZealandXe , New Zealand
At Xe, we live currencies. We share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so we work together to develop new and better currency services that put our customers first.
Xe was one of the first businesses built on the internet, having begun its life in Canada in 1993 as Xenon Laboratories. Our Universal Currency converter was launched in 1995 and it has grown into one of the most popular currency sites in the world, with over 280 million users worldwide. In 2015, Xe was purchased by Euronet Worldwide, Inc. (Nasdaq: EEFT), and joined forces with Euronet’s HiFX brand, a leading international money transfer business, to offer Xe’s users access to reliable money transfer services as well as currency information under the Xe brand. Today, our platform is used by thousands of businesses from small-to-medium-sized enterprises, to Fortune 500 companies.
We continue to have ambitious growth plans as we work towards becoming the world’s most used, most loved and most trusted currency exchange service, helping more than a billion people around the world.
We’re proud of what we do and how we do it, but most importantly why we’re here. We empower people to know more and do better...because behind every currency exchange query or transaction is a person trying to accomplish something important.
How will you help Xe become more successful?
Reporting into the Head of Compliance (HOC) APAC (based in Auckland, New Zealand) you are responsible for assisting the HOC on ensuring Xe New Zealand complies with NZ regulatory requirements and internal policies.
What you’ll do
Assist the HOC in continuously assessing that the compliance regulatory framework meets regulatory compliance and licensing obligations and requirements are being met/areas of non-compliance are identified and escalated as appropriate and to ensure there is a comprehensive model to which the NZ business adheres.
Recommend actions to rectify risk areas and seek agreement of ownership and timeframe from HOC.
Analyse the adequacy of AML Program policies and procedures, submit recommendations for improvements.
Track completion of agreed actions until resolution.
Perform internal reviews and assessments on NZ processes to determine efficiency and robustness of NZ internal controls and systems.
In conjunction with the APAC Transaction Monitoring Officer, ensure all regulatory NZ compliance monitoring is tracked and monthly reports are provided to the HOC APAC and when required provided for Risk and Compliance Committee quarterly reporting.
Support the HOC in reviewing and overseeing the continued development, maintenance and implementation of the NZ AML Program policies ensuring that there is consistency across the APAC businesses, they meet local regulatory requirements, evolving regulatory requirements and best practices.
Conduct periodic review of the NZ Program policies to ensure all regulatory obligations are being adhered to.
Provide advice to the NZ businesses on areas of Policy.
Design and disseminate training to ensure that all policies are communicated across the NZ business from a business development perspective and are understood, implemented and legally compliant.
Undertake all NZ staff compliance and regulatory training for new and existing staff on a annual basis or as and when required.
Write and assist in the delivery of regulatory training material to the business.
Internal and external SMR reporting
Responsibility for Xe NZ external AML/CTF statutory independent audit requirements and reporting.
Internal and external AML/CTF Act and AML/CTF Rules reporting.
All Corporations Act and AML/CTF Act compliance reporting obligations to the relevant regulatory bodies.
Support on regulatory requests
NZ complaint handling and reporting.
Annual banking party KYC/MSB questionnaires and annual refresh reporting.
Report all issues to found to the Head of Compliance APAC.
Requirements
Demonstrates a track record gained working within a similar role within the FX/Payments industry or within a similar regulated organisation in AU and NZ.
Must have a detailed understanding of AU and NZ legal/regulatory compliance and risk issues
Excellent verbal communication skills, ability to explain risks and issues to team members and management.
Strong organisational skills to enable identification of required tasks and deadlines and planning and prioritisation of these tasks in an appropriate manner.
Ability to interpret complex information and identify issues.
Proven ability to build relationships and communicate with people at all levels.
Competitive market-based salary;
Up to 10% of annual salary as bonus;
Contributory KiwiSaver
Medical
Additional day of annual leave per year of service (capped at 25 days)
Discount gym membership
Opportunity to be a part of the Euronet Employee Share Purchase Plan (ESPP) and;
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