Assistant Vice President – Compliance
Essential Responsibilities:
·Support the Chief Risk Officer/Head of Compliance with managing the day-to-day operation and activities in respect of financial crime and compliance of Dublin Branch and act as the Deputy Money Laundering Reporting Officer (MLRO).
·Maintain ongoing communications with the Chief Risk Officer/Head of Compliance, providing weekly update reports and escalating matters of concerns as and when they arise.
·Maintain ‘open door’ policy and respond to requests for advice from business units and/or support departments regarding AML, CDD, financial crime, sanctions, transaction monitoring and compliance related matters.
·Proactively support Executive Management with embedding a good compliance culture throughout the Bank. Maintain relationships with external parties such as the Central Bank of Ireland, Financial Services Ombudsman, Data Protection Commissioner, law enforcement agencies, external auditors and peers in the AML financial crime, compliance and legal industry
Financial Crime
·Plan, prepare and assist with the implementation of AML, sanction controls, financial crime related and anti-bribery and corruption controls throughout the Dublin Branch.
·In respect of Financial Crime, review regulatory guidance and change, assessing its impact upon Dublin Branch and discuss proposed actions with the Dublin Branch Chief Risk Officer/Head of Compliance
·Ensure that Dublin Branch policy in respect to AML, sanction controls, financial crime-related and anti-bribery and corruption remain up to date.
·Create and maintain risk assessments for AML, sanctions, financial crime and anti-bribery and corruption, ensuring reviews are conducted in line with policy and in timely manner.
·Responsible for the design and implementation of new financial crime related policies as required meeting the requirements of new/updated regulations/legislation and embedding these within Dublin Branch.
·Support the Dublin Branch Chief Risk Officer /Head of Compliance in in relation to all Financial Crime matters.
·Prepare and deliver a high level of AML and financial crime related training to the business areas and other departments to ensure that they are aware of their responsibilities and how to fulfill them.
·Support the MLRO to prepare the annual MLRO report and discuss its content and required actions with the Dublin Branch Chief Risk Officer/Head of Compliance
·Resolve any remedial actions following regulatory and/or audit reviews.
·Ensure that the Internal Suspicion Reporting (ISR) and Suspicious Activity Reporting (SAR) reporting process is completed within agreed deadlines Ensure all responses to court orders/production orders are complete and correct and provided within specified timeframes
·Ensure the PEP account process and procedure, including account assessment and approval is undertaken.
·Support the Dublin Branch Chief Risk Officer /Head of Compliance with any fraud investigations.
Compliance Monitoring
·Support the Dublin Branch Chief Risk Officer/Head of Compliance with the management of the Compliance Monitoring Programme implemented within Dublin Branch.
·Risk-assess the business undertaken and operational practices for consideration of inclusion in the Compliance Monitoring Programme.
·Develop and maintain a risk-based approach to planning and scoping activities to be undertaken to ensure there is adequate oversight of the compliance risks across Dublin Branch.
·Regular reporting of findings, resolution of identified issues and progress of the plan Agree actions with relevant ‘owners’ and ensure these are followed through to completion, providing assistance to business where necessary Supervision
Experience and desirable skills
· Comprehensive knowledge of banking products and risks associated with them.
· In depth knowledge of the Central Bank of Ireland rules and regulations
· Drafting Policies and Procedures
· Report Writing
· Delivering Presentations
· Planning and organisation skills,
· Relevant professional qualification considered useful
Please contact Ben McShane on [email protected] for any queries. #LI-BM1
