IFDS AML Compliance Officer

  • Location: Dublin, Leinster, Ireland
  • Salary: Competitive
  • Job Type: Full time

IFDS AML Compliance Officer

This is an opportunity to join a dynamic and innovative company that plays a prominent role in the Transfer Agency business in Ireland. Support MLRO and AVP, AML Compliance in the implementation and operation of the IFDSI AML Framework, ensuring that all risks within IFDSI are adequately identified, assessed managed and monitored and that strategic plans are realised in a way which reflects the risk appetite of the Board.

To support the Company MLRO in the following areas:

  • Act as a subject matter expert for the business and point of reference to address related queries
  • Point of escalation for AML registrations department in relation to complex case management
  • Identify, investigate, and resolve all activities that are deemed noncompliant
  • Conduct testing of the AML controls for IFDSI, draft and issue reports and monitor remedial proceedings.
  • Research and understand changes in regulation
  • Assist in the development of Company AML/Sanctions/ Fraud policies
  • Maintain Accounting Opening (AML) Guidelines
  • Work to develop AML guidance materials, training resources, and controls
  • Assist in the compilation of Suspicious Transaction Reports to the relevant authorities
  • Assist in compilation of MI reports for the board and internal risk committees
  • Address issues relating to transaction monitoring, filtering, and sanctions
  • Assist with Internal / External Audit as required
  • Establish and maintain an effective oversight monitoring function in line with Group standards
  • Assist with client due diligence meetings as required
  • Ensure AML Compliance processes are properly documented in approved standard operating procedures and are in line with applicable regulatory standards mutually agreed upon
  • Provide timely and professional responses to all internal and external inquiries
  • Readily share information and learning across the unit
  • Takes ownership and initiative and actively participates and supports changes
  • IFDSI Employees are required to comply with the regulatory regime in which IFDSI operates as appropriate to the above role.
  • Employees are expected to exercise due care and diligence, ensuring the areas the incumbent is responsible for are organised and controlled.
  • Employees are required to observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties.
  • The incumbent is required to respect the IFDSI approach to client care and must demonstrate due regard to the interests of our clients and in any and all third party dealings.

  • Responsible for the achievement of specific department/section performance targets and objectives
  • Contribute to the development of the organisation in terms of financial planning, business strategy, service offerings and HR policies

  • Handle and resolve complex/unusual operational and managerial problems that are referred from above and below
  • Ensure that procedures, policies and processes are adhered to so that a high quality service is delivered to the customer. Propose and/or implement procedural changes to improve performance of the department or of related business areas
  • Maintain and develop expertise demonstrating judgment and an understanding of the business

  • Assist more senior colleagues when required to do so and deputies in their absence
  • Utilise management information as required to assist in managing both clients and resources
  • Using corporate PPR tools, actively participate in the performance appraisal process and monitor overall timeliness of completion for the entire team with your direct reports

  • Ensure compliance as appropriate with regulatory requirements and with the relevant short, medium and long-term goals, objectives and values of the organization
  • Understand the risk environment within the team & manage appropriately
  • Monitor the development and implementation of appropriate procedures to meet internal control and external compliance/regulatory requirements

  • Provide regular feedback to managers and more senior colleagues with regard to Compliance
  • Attend and contribute to operational, client, risk, audit and regulatory meetings as required

  • Create an environment that is flexible and adaptable and be a champion of change
  • Initiate and oversee tasks within a continuous improvement drive to ensure that the Department is efficient and seen as customer and quality driven
  • Ensure participation in the completion and implementation of department wide projects as required and lead local team initiatives

Core Requirements
  • To exercise due care and diligence, ensuring the areas the role is responsible for are organised and controlled;
  • To comply with the regulatory regimes in which IFDS operates, with particular consideration given to relevant Client Asset, Data Protection and Financial Crime Prevention regulations, as appropriate to the above role.

  • All employees are accountable for the delivery of a Quality service, driving for excellence in all their work activities:
  • To be quality driven, aiming for 100% accuracy and timeliness of delivery;
  • To effectively plan the way services are delivered so that all activity is directly related to providing quality services and meeting the expectations of the customer (internal and external);
  • To continuously review processes and practices relating to the role and act as a catalyst for change and improvement in individual and team performance;
  • To observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of duties;
  • To communicate and promote the values which reinforce and support a consistent quality culture.
  • To adhere to company values of Professional, Accountable, Client Focused, Excellence and Leadership (PACE & L) in all tasks and interactions

Knowledge and Competency Requirements

  • 3 years+ experience within AML compliance / risk management in a Financial Services Organisation
  • Understanding of AML frameworks and regulations.
  • Attention to detail
  • Ability to communicate well with all levels of employees, especially at the senior level
  • An analytical and enquiring mindset
  • Persuasive, assertive, and proactive
  • Ability to multi-task and prioritize
  • Ability to maintain strict confidentiality
  • Excellent Communication skills (verbal and written)
  • Organisational skill
  • Presentation Skills
  • Flexibility to work solo or as a member of a small team within a structured team environment
  • Basic keyboard skills including MS Office packages

  • A Good understanding of Transfer Agency
  • A good understanding of the various Management Companies products and services
  • Good knowledge of Central Bank regulatory environment
  • Degree level of education in relevant subject
  • ACOI / ACAMs qualified

This vacancy is open to receive applications up to 23rd March 2019

This is a Control Function (CF) role and therefore any offer made is subject to the completion of Fitness and Probity background checks in line with regulatory requirements