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Head of Compliance and MLRO
Head of Compliance
About Our Client
Global banking institution with small presence in Dublin with plans to grow over 2017/2018.
Managing the regulatory and financial crime risk of the Dublin branch, responsibilities will vary to include:
Support the Chief Compliance Officer and Head of Business Management with managing the day-to-day operation and activities in respect of financial crime and compliance of Dublin Branch and act as the Money Laundering Reporting Officer (MLRO).
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.
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.
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 Chief Compliance Officer.
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 in order to meet the requirements of new/updated regulations/legislation and embed these within Dublin Branch.
Act as Dublin Branch's subject matter expert in relation to all Financial Crime matters.
Prepare the annual MLRO report and discuss its content and required actions with the Chief Compliance Officer.
Ensure that the Internal Suspicion Reporting (ISR) and Suspicious Activity Reporting (SAR) reporting process is completed within agreed deadlines and the Chief Compliance Officer is kept advised of ISRs received and SARs submitted.
Ensure the PEP account process and procedure, including account assessment and approval is undertaken.
Lead any fraud investigations.
Plan, prepare and assist with the implementation of compliance related controls throughout Dublin Branch.
Proactively monitor and assess regulatory developments and review regulatory change and guidance relating to compliance, interpret laws, rules, principles and regulatory initiatives; and consider the impact upon Dublin Branch. Summarise and distribute outputs with proposals for required action and recommend internal change programmes.
Responsible for the design and implementation compliance policies and procedures as required in order to meet the requirements of new/updated regulations/legislation and embed these within Dublin Branch.
Act as the Bank's subject matter expert in relation to all compliance matters, data protection and outsourcing.
Review and provide compliance approval for promotional material, customer literature and application forms, ensuring they are compliant with current regulations and are clear, fair and not misleading.
The Successful Applicant
As the successful candidate, you will have:
Proven and solid background in Banking, Compliance and Financial Crime
Be degree educated and have relevant compliance qualifications
In-depth knowledge of the Central Bank of Ireland rules and regulations
Have high level of understanding of regulations, Conduct Risk, AML, CTF, Sanctions, MiFID, PSD, Data Protection, EMIR, Dodd Frank, FATCA and CRS and their implications upon the business activities of Dublin Branch.
Be able to assess regulatory change and implement necessary steps
Ability to draft policies and procedures
What's on Offer
Negotiable salary, benefits and bonus