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Professional Standards Specialist

Apply now Work type: Full Time
Location: Melbourne
Categories: Finance & Accounting, Risk

Bendigo and Adelaide Bank's strategy is built on our vision of being Australia's leading customer connected banking group.

The Wealth Risk & Compliance division is a centre of expertise for risk management and compliance activities for the Bank’s Wealth products and services.  Wealth Risk & Compliance provides strategy, monitoring and supervision, regulatory and operational advice, governance, policy and framework support to the business to drive sound risk management practice across the Partner Connection division. This includes providing guidance, assistance and support to Board & Board/Management Committees, Senior Management, internal and external stakeholders and providing leadership to enhance the further development of a strong risk and compliance culture across Partner Connection.

We have an opportunity for a dynamic, collaborative, practical and experienced Professional Standards Specialist to join the Wealth Risk & Compliance team focusing on the compliance obligations facing the Banks’ financial planning business. 

Reporting to the Compliance & Professional Standards Manager, your key responsibilities will include:

  • Analysing financial planning advice files and associated documentation in respect to regulatory obligations and licensee policies, prepare reports and recommend remediation actions.
  • Ensure timely, effective and professional resolution where inappropriate advice is determined.
  • Undertake quality review checks of other team members’ work.
  • Management of client complaints in accordance with the Bank’s complaint management procedures.
  • Provide operational and compliance advice, solutions and support to the overall business in regards to financial planning operational processes and procedures and general queries.
  • Identify and escalate potential breaches, prepare action plans and liaise with stakeholders.
  • Providing practical training and coaching of stakeholders to enhance their understanding of operational and compliance matters.
  • Maintenance of various department registers.

This role would ideally suit an experienced paraplanner, financial adviser or Compliance professional with a sound understanding of compliance frameworks, regulatory obligations and knowledge of the financial planning industry.

To be successful in this role you will demonstrate:

  • Proven financial planning compliance experience gained within a financial advice company or regulator;
  • Proven experience in reviewing financial adviser client files;
  • Detailed understanding of financial services regulations and Future of Financial Advice regulation, processes and product/strategy types;
  • Strong attention to detail and accuracy;
  • Strong report writing skills and the ability to communicate complex reporting issues and requirements to all levels of employees and stakeholders;
  • The ability to work autonomously; and
  • The ability to manage and influence relationships.

You must hold a degree and RG 146 qualification in General Knowledge, Managed Investments, Superannuation, Life Risk Insurance, Margin Lending and Financial Planning.

As a representative of the Wealth Risk and Compliance team you will need to be both an advocate and role model for applying the Bank's core values of Teamwork, Integrity, Performance, Passion, Leadership and Engagement.

Applications to be received by 4.00pm (EST)  25 October 2017 

Download File 53621 Professional Standards Specialist 2017.doc

Advertised: AUS Eastern Daylight Time
Applications close: AUS Eastern Daylight Time

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