Job Title: Assistant Compliance Manager
Division/Function: Legal
Reports to: Compliance Manager
Job Family: Risk Management
Career Stream: Professional
Career Zone: Professional/Specialist
Contract: Permanent
Summary of the Business:
The National Treasury Management Agency (NTMA) provides asset and liability management services to the Irish Government.
It has evolved from a single function agency managing the National Debt to a manager of a complex portfolio of public assets and managed by the NTMA include borrowing for the Exchequer and the management of the National Debt, the State Claims Agency, the New Economy and Recovery Authority (“NewERA”), the Ireland Strategic Investment Fund, National Development Finance Agency and the NTMA Future Ireland Funds business unit with responsibility for the management of the Future Ireland Fund and Infrastructure, Climate and Nature Fund.
The NTMA also assigns staff to the National Asset Management Agency, the Strategic Banking Corporation of Ireland (SBCI) and Home Building Finance Ireland (HBFI).
Role Summary:
This is an exciting opportunity to work with the NTMA Compliance team in providing support and assurance on compliance in respect of the wide range of businesses across the NTMA and its Affiliate Agencies.
The Compliance team provides advice and support to the Agency, various Boards/Committees and staff in relation to their statutory, governance and other compliance obligations.
The NTMA Compliance team also provides Compliance services (including anti-money laundering and data protection) to the NTMA Affiliate Agencies.
Principal Accountabilities:
Reporting to the Compliance Manager, the successful candidate will be an ambitious professional with AML/Financial Crime Risk experience and will provide support within a dynamic team in relation to financial crime risk matters as well as general compliance assurance matters.
Working closely with the Compliance Manager, primary responsibilities include:
1. Financial Crime Risk Execution of Financial Crime Risk and AML related activities on the Compliance Plan/work programme for the NTMA and Affiliate Agencies including ensuring that databases and registers are up to date
2. Supporting the Manager and Senior Compliance Managers with the delivery of the annual compliance plan, including the performance of compliance monitoring, reviews and tasks
3. Review and management of potential matches identified as a result of sanctions screening
4. Providing support regarding the preparation of Financial Crime Risk/AML/MLRO reports or updates to Boards/Committees
5. AML related monitoring and reviews and related reporting
6. Assisting in the drafting and revision of compliance related policies and procedures
7. Participation in the implementation and maintenance of processes to ensure compliance with AML/Financial Crime Risk related policies and regulatory requirements
8. Review of AML business risk assessments on a periodic basis
9. Providing input to the provision of transactional related advice to cover AML and acting as an escalation point as required
10. General Compliance Participation in compliance oversight meetings with the relevant business units and service providers including review of MI and taking ownership of any follow up actions
11. Managing any open issues arising from testing and ensuring that related actions are addressed
12. Administration of a database detailing relevant regulatory/legal obligations and assisting with performing regulatory and legislative horizon scanning
13. Providing support on ongoing training and communication of compliance related requirements
14. Supporting internal and external audits as required
15. Supporting Manager/Senior Compliance Managers on Ethics/Conflicts of interest matters
16. Reviewing business-related MI to support the Compliance Unit's awareness of live matters
Knowledge and Experience Required:
A strong understanding of financial markets and knowledge of products, services and practices within the financial services sector.
Experience in an assurance, monitoring or audit role an advantage.
A strong understanding of Irish/EU AML legal and regulatory requirements, ideally with practical knowledge and previous experience of working in this area.
Awareness of the compliance and financial crime risks faced by the NTMA and its Affiliate Agencies.
Ideally an understanding of compliance matters in a public sector context would be useful.
3+ years' experience in AML/Financial Crime Risk ideally with 1+ years in an assistant management position.
An understanding of compliance risk (including AML) with the ability to challenge first line controls.
Ideally, have experience of working with diverse groups of stakeholders, managing competing priorities.
Experience of working in a pressurised environment, managing internal and external relationships.
Pension Abatement:
If an appointee has previously been employed in the Civil or Public Service and that appointee is entitled to or in receipt of a pension from the Civil or Public Service or where a Civil/Public Service pension comes into payment during the appointee’s re-employment that pension will be subject to abatement in accordance with Section 52 of the Public Service Pensions (Single Scheme and other Provisions) Act 2012.
Please note: In applying for this position, you are acknowledging that you understand that the abatement provisions, where relevant, will apply.
It is not envisaged that the employing Department/Office/Body will support an application for an abatement waiver in respect of appointments to this position.
Applicants will be required to complete a pre-employment declaration to confirm whether they have previously availed of a Public sector pension scheme.