About Company
National Australia Bank (NAB) is one of Australia’s largest and most trusted financial institutions, serving over 8 million customers across Australia, New Zealand, and around the world. For more than 160 years, NAB has been helping customers with their money, building strong communities, and contributing to the economic growth of the regions it operates in. We are committed to creating a diverse and inclusive workplace where every individual feels valued and can contribute their best. At NAB, we believe in supporting our employees’ growth, providing an environment that fosters innovation, collaboration, and continuous learning. Our purpose is to back the bold who move Australia forward, and we understand that a strong ethical foundation and robust compliance framework are fundamental to achieving this.
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Job Description
Are you a seasoned legal professional with a passion for regulatory compliance and a commitment to upholding the highest ethical standards? National Australia Bank (NAB) is seeking a highly motivated and experienced Legal Compliance Officer to join our dynamic Legal & Regulatory Affairs team in Melbourne. In this pivotal role, you will be instrumental in ensuring NAB’s adherence to an ever-evolving landscape of financial services laws, regulations, and internal policies. You will work closely with various business units, providing expert advice, developing robust compliance frameworks, and fostering a culture of regulatory awareness across the organisation.
This position offers a unique opportunity to contribute significantly to NAB’s strategic objectives, mitigating risk, and safeguarding our reputation as a responsible financial institution. You will be responsible for interpreting complex legal and regulatory requirements, translating them into practical compliance solutions, and driving their effective implementation. Your work will directly impact NAB’s ability to operate efficiently, serve its customers ethically, and maintain its standing as a leader in the Australian financial sector. We are looking for an individual who thrives in a fast-paced environment, possesses exceptional analytical skills, and demonstrates unwavering integrity. If you are ready to apply your legal expertise to shape the future of compliance within a major bank, we encourage you to apply and become a part of NAB’s commitment to excellence and trust.
Key Responsibilities
- Interpret and advise on new and existing financial services laws, regulations, and industry codes of practice (e.g., Corporations Act, Banking Act, AML/CTF Act, Privacy Act).
- Develop, implement, and maintain compliance policies, procedures, and frameworks across various business units.
- Conduct regular compliance risk assessments and identify potential areas of non-compliance, recommending corrective actions.
- Provide expert legal and compliance advice to senior management and business stakeholders on complex regulatory matters.
- Monitor regulatory changes and trends, assessing their impact on NAB's operations and proactively developing strategies to ensure ongoing compliance.
- Assist in the development and delivery of compliance training programs for employees at all levels.
- Oversee and manage regulatory breach incidents, ensuring timely reporting and remediation.
- Engage with external regulators (e.g., APRA, ASIC, AUSTRAC) on compliance-related inquiries and examinations.
- Review and approve marketing materials, product disclosures, and customer communications for compliance with legal and regulatory requirements.
- Contribute to the continuous improvement of NAB’s compliance operating model and risk management capabilities.
Required Skills
- Bachelor of Laws (LLB) or Juris Doctor (JD) from an accredited university.
- Current admission to practice law in Australia.
- Minimum of 4 years of experience in legal compliance, regulatory affairs, or a related role within the financial services industry.
- Strong understanding of Australian financial services laws and regulations (e.g., Corporations Act, ASIC Act, Banking Act, AML/CTF Act).
- Excellent analytical, research, and problem-solving skills with a keen eye for detail.
- Exceptional written and verbal communication skills, with the ability to articulate complex legal concepts clearly and concisely.
- Proven ability to work autonomously and collaboratively within a team environment.
- High level of integrity, professionalism, and ethical conduct.
Preferred Qualifications
- Post-graduate qualification in Law, Finance, or Business.
- Experience with regulatory technology (RegTech) solutions.
- Previous experience interacting directly with Australian financial regulators (APRA, ASIC, AUSTRAC).
- Project management experience in implementing compliance initiatives.
Perks & Benefits
- Competitive salary package and performance-based bonuses.
- Comprehensive health and wellness programs.
- Generous superannuation contributions.
- Flexible working arrangements (hybrid model).
- Opportunities for professional development and career advancement.
- Employee assistance program and mental health support.
- Access to a wide range of employee discounts and benefits (banking products, retail, travel).
- Collaborative and inclusive work environment.
How to Apply
To apply for this exciting opportunity, please click on the application link below. You will be redirected to the National Australia Bank (NAB) careers page. Please search for ‘Legal Compliance Officer’ and follow the instructions to submit your resume and cover letter. We look forward to reviewing your application.
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