At a Glance
- Tasks: Provide legal advice and support compliance across financial services.
- Company: Join IMB Bank, a leading customer-owned bank with a strong community focus.
- Benefits: Flexible working, great training, career pathways, and wellbeing days.
- Other info: Be part of a supportive culture that values diversity and inclusion.
- Why this job: Make a real impact in a diverse role while supporting ethical banking.
- Qualifications: Tertiary qualifications in Law and 5-8+ years of relevant experience.
The predicted salary is between 103500 - 126500 $ per year.
At IMB Bank, we're committed to helping our members achieve financial wellbeing while maintaining the highest standards of governance, compliance and ethical conduct. We are seeking an experienced Senior Legal Counsel to join our Legal & Compliance team and play a pivotal role in supporting the organisation's regulatory, compliance and legal obligations.
About the role
Reporting to the Compliance Stream Lead and working closely with the General Counsel, you will provide specialist legal and compliance advice across a broad range of regulatory matters, with a strong focus on legal advice and assessments with respect to incidents, breach reporting, regulatory change, investigations, remediations and compliance risk management. This is a diverse and influential role where you will partner with stakeholders across the business to ensure compliance obligations are met, while supporting strategic initiatives and delivering practical, commercially minded legal advice.
Key responsibilities
- Provide legal advice and assess incidents to determine regulatory and compliance impacts
- Support breach reporting obligations, investigations and remediation activities
- Monitor and advise on regulatory developments and emerging compliance requirements
- Provide legal and compliance advice to business units, project teams and senior leaders
- Assist with maintaining and enhancing IMB's compliance framework and programs
- Conduct compliance reviews and analyse trends to identify emerging risks and opportunities for improvement
- Prepare reports and submissions for internal governance committees, executives, the Board and regulators
- Develop compliance training and promote a strong culture of compliance across the organisation
About You
- Tertiary qualifications in Law and admission to practice in NSW
- Approximately 5-8+ years' post-admission experience
- Experience within financial services, preferably in a retail bank, or an equivalent private practice setting
- Experience advising on financial services regulatory breaches, reportable situations and compliance obligations
- Exceptional analytical, investigation and problem-solving skills
- Strong stakeholder engagement skills and the ability to influence at all levels
- Excellent written and verbal communication skills, with the ability to translate complex legal matters into practical business advice
Why IMB?
IMB Bank is a leading customer-owned bank offering a full range of products and services in both retail and business banking. Our purpose is to provide simple, competitive, and authentic banking to help our customers and communities be better off and we’ve been doing that for over 145 years. An award-winning and growing organisation, we’ve donated more than $13 million through our Community Foundation to over 1100 projects in our communities.
IMB benefits include:
- Attractive flexible working arrangements available
- Hybrid working (Wollongong and Broadmeadow offices available)
- Great training and onboarding
- Genuine career pathways and opportunity to accelerate your skills and experience
- A supportive culture that actively promotes diversity and inclusion and the wellbeing of our employees
- Designated wellbeing days
- Friendly and professional team environment
- Product concessions
- Purchased leave options
Senior Legal Counsel employer: IMB Bank
IMB Bank is an exceptional employer, renowned for its commitment to employee development and community engagement. With a supportive culture that champions diversity and inclusion, employees enjoy genuine career pathways, comprehensive training, and unique benefits like purchased annual leave and wellbeing days. Located in Sylvania, this role offers the chance to lead a motivated team while making a positive impact in the local community through authentic banking services.
