About Kerensa Sneyd
Kerensa is a retail financial services lawyer with over 15 years' experience in the legal industry. For the past 10 years, she has been focused on the banking sector.
She advises domestic and international banks, AFSL/ACL holders and non-bank lenders on a broad range of issues relating to prudential compliance (including compliance with the Banking Executive Accountability Regime), AML/CTF, licensing obligations, retail product design and distribution, consumer credit, the Banking Code of Practice, regulatory breaches and remediations. Having previously held senior in-house legal and compliance positions at two Australian banks, she has a deep understanding of the industry and what is important to in-house teams.
Kerensa's experience includes:
- advising major Australian and international banks on a broad range of issues relating to AML/CTF compliance, including risk assessments, AML/CTF program design and uplift, breach and remediation management, and AUSTRAC engagement;
- acting for a number of Australian banks on the implementation of the Banking Executive Accountability Regime, including APRA engagement, and providing ongoing advice on compliance with the regime's requirements;
- leading a regional bank's response to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry;
- advising major and regional Australian banks on the implementation of the new Banking Code of Practice;
- conducting unfair contract terms reviews of consumer and small business standard form contracts for a number of bank and non-bank lenders, and providing advice on the application of the unfair contract terms laws;
- providing advice on a broad range of matters under the National Consumer Credit Protection Act, including product design, disclosure obligations and hardship processes; and
- implementing and managing compliance framework obligations for a major bank, including the roll-out of a global legal obligations management model.