SVP AML/Compliance

Job Title: SVP AML/Compliance

Role Overview

Territory:

Responsible for specific, key Compliance activity within the Ireland Territory Compliance remit – including management and oversight of the Financial Security team.

Securities Services:

Responsible for the Compliance activity pertaining to the Securities Services (2S) business area (including 'Fund Administration Services (Ireland) Ltd').

Compliance Mission:

Ensure that Compliance objectives relating to 2S in Ireland, and the wider Territory remit, are met – ensuring the adequate and effective delivery of the overall Compliance mission.

Key Responsibilities

Territory Compliance Management:

Support and deputise for the Head of Territory Compliance.

Compliance Representation:

Represent the Compliance department at key committees and projects.

Development of Compliance Function:

Actively lead and participate in the development of the Compliance function, including the design and implementation of action plans to improve compliance framework, processes, and controls.

Staff Management:

Oversee, manage, and develop Compliance staff effectively – with management responsibility over approximately 4 staff members.

Culture:

Promote and reinforce the desired compliance culture within the Compliance team and across the Group in Ireland.

Advisory:

Advise and consult with the business on the interpretation and implementation of relevant laws, regulations, and internal rules and standards.

Decision Making:

Provide Compliance validation or decisions in line with the Compliance Decision-Making Process and delegated authorities.

Validation Framework:

Ensure effective Compliance engagement with the validation framework for new or amended activities and exceptional transactions (i.e. the NAC / TAC process).

Financial Security & KYC:

Effectively manage Compliance’s systems and controls to prevent:

• Money laundering
• Terrorist financing
• Non-compliance with international sanctions
• Bribery and corruption

Includes the management and implementation of:

• The overall Financial Security framework and processes
• Relevant validation and review of KYC and customer/counterparty due diligence
• Attendance, contribution, and decision-making at Client Acceptance Committees (CACs) and Business Acceptance Committees (BACs)
• Review, clearance, or escalation of alerts related to database screening and transaction screening/monitoring (e.g. potential sanctions hits or suspicious transactions)
• Reporting of suspicious activity to the relevant authorities (e.g. An Garda Síochána and the Revenue Commissioners)
• Relevant anti-bribery and corruption processes

Compliance Reporting:

Ensure appropriate and timely reporting to Compliance, business management, and external parties (including Group reporting via the CRMS tool, ExCos, Boards, and Regulators).

Training:

Help organise, coordinate, and deliver an effective training and awareness program for staff.

Outsourcing:

Provide appropriate oversight of Compliance and business-related outsourcing, including:

• Advice and assistance on regulatory aspects of outsourcing
• Effective monitoring of outsourcing performance

Specific 2S Responsibilities

Assurance:

Provide reasonable assurance to relevant senior management (including the Head of Ireland Securities Services, Board of Fund Administration Services (Ireland) Ltd, and the Depo & Custody Opco) that adequate compliance frameworks are in place and aligned with Group Compliance requirements and applicable laws/regulations.

PCF Role:

Act as Head of Compliance and Head of AML for Fund Administration Services (Ireland) Ltd. These roles (PCF-12 & PCF-52) are Pre-Approved Control Functions and must be approved by the Central Bank of Ireland under the Fitness & Probity Regime.

Regulatory Relationships:

Manage and oversee relevant regulatory relationships in Ireland, serving as the point of contact with the regulator for 2S-related matters.

Fund Services:

Advise and assist the business to ensure compliance with obligations related to client and fund service providers. This may include contributing to client RFPs, due diligence, and audits.

Regulatory Watch:

Help manage Compliance’s involvement in identifying, communicating, and implementing regulatory changes in conjunction with Legal.

Policies and Procedures:

Ensure adoption of relevant Group compliance-related policies and procedures and the development of local policies as necessary.

PE / PIC / MI:

Ensure adequate management of Compliance’s systems and controls concerning:

• Professional ethics
• Protection of clients’ interests
• Market integrity

Compliance Risk Management:

Contribute to the development, implementation, and maintenance of risk assessment processes. Provide compliance risk assessment reports to governance bodies and regulators as needed.

Compliance Monitoring:

Ensure adequacy in the design and application of compliance monitoring systems and the overall monitoring plan to ensure business operations remain within regulatory risk appetite.

Qualifications & Experience Required

• Degree-level education or equivalent
• Professional compliance qualification
• Minimum of 10 years in a compliance or related role, with a strong understanding of applicable regulatory requirements
• In-depth knowledge of Financial Security matters (familiarity with related policy frameworks and in-house tools is a plus)
• Detailed understanding of securities services and fund administration
• Solid understanding of outsourcing regulatory requirement

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