Head of AML/CTF – PCF-52 (CBI-Regulated Branch)
Location:
Dublin City
Hybrid Working Available
Savvi Recruitment Consultants is exclusively recruiting for FundBank and we are seeking applications from qualified candidates for a Head of AML/CTF role.
About FundBank
FundBank is a banking institution serving the global asset management industry. Their solutions are uniquely tailored for the complex, fast-evolving needs of investment funds, structured finance vehicles, and their service providers. Many of the world's largest and most innovative asset managers rely on them for their deep industry expertise and robust infrastructure.
They are committed to empowering their people, fostering a culture of ownership, transparency and continuous learning. At FundBank, your work directly enhances the operational resilience and regulatory integrity of the global investment fund ecosystem.
The Role
We are seeking a senior AML/CTF professional to serve as
Head of AML/CTF
for the CBI-regulated branch, based in Dublin. The parent bank is a Luxembourg, CSSF regulated home state bank. This role is a
Pre-Approval Controlled Function (PCF-52)
under the CBI Fitness & Probity regime. This is a 'second line of defence' role, providing independent oversight of AML/CTF compliance across the Irish branch's activities.
As PCF-52, you will have end-to-end responsibility for the anti-money laundering and counter-terrorist financing framework in Ireland. You will oversee client onboarding, ongoing due diligence, transaction monitoring, internal reporting, and regulatory engagement. This is a leadership position that requires both technical depth and strategic oversight, as well as regular interaction with senior management, the Board, and external stakeholders, including the Central Bank of Ireland.
You will report locally to the Branch Manager and functionally to the Group Head of Compliance.
Key Responsibilities
* AML/CTF Leadership:
Serve as the designated Head of AML/CTF (PCF-52) for the Irish branch, ensuring compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Acts, CBI expectations and Group global standards. Sign off on escalations or PEP reviews.
* Framework Ownership:
Maintain and enhance the Irish AML/CTF framework, including the AML/CTF policy, risk assessments, monitoring plans, procedures and internal controls.
* Client Due Diligence:
Oversee AML onboarding and ongoing KYC/refresh reviews for investment fund clients and counterparties, with a focus on complex structures, beneficial ownership and fund flows.
* Transaction Monitoring:
Lead the implementation and oversight of transaction monitoring processes for client accounts, ensuring effective detection, escalation and investigation of suspicious activity.
* SAR/STR Reporting:
Act as the designated officer for the filing of Suspicious Transaction Reports (STRs) to FIU Ireland and other relevant bodies (including but not limited to Revenue Commissioner and An Garda Síochána), in coordination with Group Compliance.
* Regulatory Engagement:
Act as primary AML/CTF contact for the Central Bank of Ireland during inspections, thematic reviews, and routine correspondence. Prepare and deliver AML/CTF reports for senior management and the Board.
* Risk Assessment:
Lead the completion and periodic update of the Business-Wide Risk Assessment, ensuring it reflects the branch's inherent and residual money laundering/terrorist financing risks and own the preparation and timely submission of the annual AML Risk Evaluation Questionnaire to the Central Bank of Ireland.
* Training & Awareness:
Design and deliver AML/CTF training for branch staff, promoting a strong compliance culture and ensuring awareness of emerging risks and regulatory developments.
* Governance & MI:
Prepare regular MI and governance reporting on AML/CTF performance, trends, escalations and risk metrics for Board and executive committees.
* Internal Audit & Reviews:
Support internal audit, testing of AML tools and remediation activities as they relate to AML/CTF, ensuring timely closure of actions.
* Cross-Border Collaboration:
Collaborate with AML/CTF teams across the Group to ensure alignment of standards, reporting and risk management practices.
Key Requirements
* 10+ years of experience in AML/CTF roles within regulated financial institutions, with deep knowledge of AML frameworks applicable to banking, custody or fund servicing environments.
* Demonstrated experience in a senior AML/CTF role with regulatory responsibility, ideally having held or supported a PCF/SMF/MLRO function.
* In-depth understanding of Irish AML legislation, CBI guidelines and expectations under the CBI's AML Guidelines and Fitness & Probity regime.
* Strong expertise in fund structures, beneficial ownership and complex client onboarding (e.g., private equity, hedge funds, SPVs).
* Proven experience managing transaction monitoring programs, SAR/STR investigations and interaction with financial intelligence units.
* Excellent communication, judgement and stakeholder management skills, with the ability to represent the firm confidently with the CBI and other regulators.
* Track record of building and embedding AML/CTF frameworks, policies and governance structures in a dynamic environment.
* Degree in a relevant discipline (e.g. Law, Business, Risk), and professional certification (e.g. CAMS, ICA Diploma) strongly preferred.
Why Join FundBank?
* Take ownership of a regulated AML/CTF framework at a growing, dynamic financial institution
* Work with an elite client base in the global investment fund industry
* Be part of a mission-driven organisation focused on regulatory excellence and innovation
* Collaborate with high-performing teams across compliance, risk and finance
* Competitive package, hybrid working and strong career progression potential.