AML Team Lead

Stake is looking for an AML Team Lead to join us at our Bondi Junction HQ, with a flexible hybrid working model (3 days in the office, 2 WFH). 

We’re an Australian investing platform that helps ambitious people confidently grow their wealth. By offering seamless, immersive access to the share markets, we’ve empowered a new wave of investors. Stake has grown fast from a fintech startup into a robust financial services company. Today we have 700,000+ customers and more than A$5 billion under administration.

At Stake, we break barriers in everything we do. Just like our customers, we’re driven by ambition. Our desire for continuous growth is what creates the collaborative and high-performance environment we work in. Though we’re spread around the world, we’re a unified team moving towards a shared vision: to unleash the investor in everyone. 

Join us as we continue to reshape the financial industry, inspiring investor confidence and celebrating our wins along the way.

As the AML Team Lead, you will be responsible for managing and guiding a team of analysts within the Transaction Monitoring and AML Operations function. Your focus will be on ensuring effective detection, investigation, and reporting of suspicious activity in alignment with regulatory requirements, internal policies, and service level agreements (SLAs). You will oversee day-to-day operations, drive process optimisation across transaction monitoring and onboarding workflows, and foster a culture of compliance, quality, and operational excellence. This role plays a critical part in protecting the business from financial crime by delivering high-quality outcomes efficiently and ensuring strong governance is embedded across all AML-related activities. In this role you will:

• Supervise, mentor, and support a team of AML analysts conducting transaction monitoring, alert reviews, and investigations.
• Manage and maintain the transaction monitoring system, including the design, testing, implementation, and ongoing review of rule performance to ensure effectiveness and compliance
• Monitor team performance and workflows, ensuring KPIs and SLAs are consistently met.
• Act as a subject matter expert on AML/CTF matters, providing guidance and support on complex investigations.
• Ensure timely escalation of suspicious activity and contribute to the preparation and quality assurance of Suspicious Matter Reports (SMRs).
• Capture and document due diligence, findings, and decision rationale in relevant alert and case management systems.
• Liaise with internal stakeholders, including Compliance, Legal, Risk, and business units to escalate and resolve high-risk cases.
• Ensure all investigative activities comply with applicable AML laws, regulations, and internal compliance frameworks.
• Contribute to process improvement initiatives, system enhancements, and the development of policies and procedures.

• 5 years of experience in transaction monitoring, financial crimes, or compliance roles, with at least 2 years in a supervisory or team lead capacity.
• In-depth understanding of AML regulations, transaction monitoring systems, and financial crime prevention frameworks.
• Experience with regulatory reporting (e.g., SMR filings) and investigations related to suspicious activity, strongly preferred.
• Certification in Anti-Money Laundering (CAMS), Certified Financial Crime Specialist (CFCS), or Certified Fraud Examiner (CFE), preferred.
• In-depth knowledge of Customer Identification: Know Your Customer (KYC & KYB), preferred
• Well-developed judgment and investigative skills, able to use resources at your disposal to produce effective results.
• Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
• Strong verbal and written communication skills, with the ability to present findings to senior management and regulators.
• Strong leadership, team management, and interpersonal skills

At Stake, we’re more interested in your attitude than your resume. If you believe this is a role you want to jump into, please apply and let us know why in your cover letter!

You’ll have the opportunity to work with autonomy while learning from some of the best talent in the industry, playing a meaningful role in building a company that has loads of positive momentum and excitement around it. Having said that, we also have perks.

Please see on our Careers website the list of benefits under our Grow with Stake program. They include:

• Professional development allowance
• Wellbeing allowance
• Up to 16 weeks of paid parental leave
• Childcare allowance
• Extra paid leave during tough times
• Discretionary performance bonus and talent referral bonus

Stake is an equal opportunity employer that values diversity. We’re proactive about providing an inclusive work environment and do not discriminate based on race, religion, nationality, gender, sexual orientation, age or disability status. We’re also endorsed by WORK180 as a great employer for women. 

It all comes together to explain why Stake placed 1st in the 2024 AFR BOSS Best Places to Work list for the Banking, Superannuation & Financial Services category, across all of Australia and New Zealand.

Once we've received your application, we'll give it the attention it deserves, and you'll hear from us regardless of the outcome. If we think you’d be a great fit for our team, we’ll give you a call and take it from there.

To all recruitment agencies: Stake does not accept agency resumes. Please do not forward resumes to our jobs alias or directly to Stake employees. Stake is not responsible for any fees related to unsolicited resumes.