IFDS AML Compliance Specialist, Assistant Vice President

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

IFDS AML Compliance Specialist, Assistant Vice President

Specific duties:
Main purpose of role: This is an opportunity to join a dynamic and innovative company that plays a prominent role in the Transfer Agency business in Ireland.
Support the Vice President, MLRO, 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 in managing the AML Compliance team
• Assist with Internal / External Audits as required
• Assist MLRO with maintaining 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
• Take ownership and initiative and actively participate and support change

• 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.
Quality: 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.
• Ability to communicate well with all levels of employees, especially at the senior level
• An analytical and enquiring mindset
• Persuasive, assertive, and proactive
• Excellent administrative, organisational and business support skills, with the ability to multi-task and to work calmly under pressure.
• Excellent working knowledge of MS Office suite including Word, Excel and PowerPoint
• Strong written & verbal communication skills
• Possess excellent organisational, planning and co-ordination skills.
• Ability to work accurately to tight deadlines
• Proactive and able to work independently and as part of a team
• Organised
• Personable
• Flexible
• Self-reliant
• Enthusiastic
• 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 positon is open to receive application up to and including30th April 2019