Challenger Limited is an ASX-listed investment management firm managing $123.9 billion in assets (as at 30 June 2025). Life with us is fast moving and always exciting. Together we’re driving to deliver our vision to provide our customers with financial security for a better retirement.
We achieve this goal by providing a work environment where people from diverse backgrounds, with a range of skills and experiences can contribute and succeed.
Financial Crime Risk Analyst
Location: Sydney, NSW
Work type: Permanent, full-time
Play your part in Challenger’s Financial Crime Risk Transformation
Ready to grow your expertise and make an impact? Join Challenger during a major industry reform period and help shape how we manage financial crime risk.
Work on meaningful challenges that influence how we manage risk and protect customers.
Gain exposure to senior stakeholders and complex compliance issues
We offer a flexible hybrid working model based out of our Martin Place, Sydney CBD office — typically 3 days in-office and 2 days from home.
About the Team
You’ll join our Risk & Compliance function—a trusted advisor to the business and a key driver of Challenger’s risk culture. The Financial Crime Risk team focuses on AML/CTF compliance, fraud risk management and privacy obligations, working closely with stakeholders across investments, operations and customer teams.
Why this role matters
As Financial Crime Risk Analyst, you’ll go beyond BAU. You’ll support day-to-day activities while contributing to key reform projects that shape how we manage risk. You’ll guide operational teams through complex queries and suspicious matters, building your expertise and influence. You’ll apply a commercial mindset to create compliance solutions that are practical and fit for purpose across different business areas. And you’ll help establish our new Line 2 Assurance programme, gaining experience in framework design and conceptual thinking.
What you’ll do
Your week will be varied and impactful. Expect to:
Handle escalations from frontline teams on client onboarding, transaction monitoring and watch list screening - building your reputation as the go-to person for practical compliance solutions.
Provide SME advice on complex scenarios and suspicious matters, ensuring compliance obligations are met while supporting business needs.
Conduct assurance reviews over AML/CTF Program activities and support BAU programs
Triage and investigate incidents, including fraud and scams, and track remediation plans
Draft and submit SMRs to AUSTRAC and respond to regulator and auditor queries
Support due diligence for counterparties and investments
Stay ahead of reform by reviewing AUSTRAC guidance and embedding changes into policies and processes
Assist with training and promote a strong risk and compliance culture across Challenger
About You
You have hands-on experience in financial crime risk (AML/CTF, fraud, investigations) and are confident building trusted relationships across the business. You’ll be a go-to subject-matter expert, providing clear advice and practical solutions in a fast-changing regulatory environment.
You’ll bring:
Financial crime expertise – proven experience in AML/CTF, fraud or compliance within a regulated sector
AML/CTF knowledge – solid understanding of laws, rules and regulatory obligations
Stakeholder engagement - ability to build relationships, influence and provide clear guidance
Operational capability – confidence to handle escalations, assurance reviews and BAU activities independently
Analytical skills – strong attention to detail and ability to assess risk in complex scenarios
Commercial mindset – design compliance solutions that are practical and fit for purpose across diverse business areas
Adaptability – thrive in a fast-changing environment and contribute to process improvements
Discretion and integrity – handle sensitive matters with complete confidentiality
Qualifications – Professional certifications like the ACAMS AML Certification are highly valued
Why Challenger?
This is a rare opportunity to join a team at the forefront of industry reform. You’ll work on complex, meaningful challenges, gain exposure to senior stakeholders and develop your expertise in financial crime risk.
We offer flexible working, career development and the chance to make a real impact in a business that values integrity and innovation.
At Challenger, we’re small enough to be agile, but big enough to accelerate bold ideas. We support your growth and development, offering flexibility and a culture that values your unique contributions.
Competitive discretionary bonus scheme
18 weeks paid parental leave for all new parents
Challenger Day – one extra day off every year in recognition of the effort our people make.
Additional support leave (fertility, gender affirmation)
Extra superannuation contributions
Employee share plan
Employee Assistance Programme
Subsidised on-site café and central location near Martin Place Metro
Access to free onsite yoga, mindfulness and Pilates classes.
Access to annual free flu shots & skin checks
https://www.challenger.com.au/about-us/careers/our-benefits
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Challenger's employee value proposition guides how we work: Grow and realise your potential, supporting each other, stronger together and making things happen. Our culture encourages curiosity, considered thinking and meaningful contribution, with opportunities to build a broad and rewarding career.
We are committed to fostering a safe, inclusive and respectful workplace where people of all backgrounds, identities and ways of thinking can thrive, and promoting flexible working to support work-life balance.
Challenger is proud to be a Workplace Gender Equality Agency (WGEA) Employer of Choice for Gender Equality, a Family Friendly Workplace and recognised as a Bronze Employer in the Australian Workplace Equality Index (AWEI), the national benchmark for LGBTQ+ workplace inclusion.
Job type:
PermanentPosting Close Date :
06/12/2025