Job Title: SVP AML/Compliance
Role Overview
Territory:
Responsible for specific, key Compliance activity within the Ireland Territory Compliance remit – including management and oversight of the Financial Security team.
Securities Services:
Responsible for the Compliance activity pertaining to the Securities Services (2S) business area (including 'Fund Administration Services (Ireland) Ltd').
Compliance Mission:
Ensure that Compliance objectives relating to 2S in Ireland, and the wider Territory remit, are met – ensuring the adequate and effective delivery of the overall Compliance mission.
Key Responsibilities
Territory Compliance Management:
Support and deputise for the Head of Territory Compliance.
Compliance Representation:
Represent the Compliance department at key committees and projects.
Development of Compliance Function:
Actively lead and participate in the development of the Compliance function, including the design and implementation of action plans to improve compliance framework, processes, and controls.
Staff Management:
Oversee, manage, and develop Compliance staff effectively – with management responsibility over approximately 4 staff members.
Culture:
Promote and reinforce the desired compliance culture within the Compliance team and across the Group in Ireland.
Advisory:
Advise and consult with the business on the interpretation and implementation of relevant laws, regulations, and internal rules and standards.
Decision Making:
Provide Compliance validation or decisions in line with the Compliance Decision-Making Process and delegated authorities.
Validation Framework:
Ensure effective Compliance engagement with the validation framework for new or amended activities and exceptional transactions (i.e. the NAC / TAC process).
Financial Security & KYC:
Effectively manage Compliance's systems and controls to prevent:
- Money laundering
- Terrorist financing
- Non-compliance with international sanctions
- Bribery and corruption
Includes the management and implementation of:
- The overall Financial Security framework and processes
- Relevant validation and review of KYC and customer/counterparty due diligence
- Attendance, contribution, and decision-making at Client Acceptance Committees (CACs) and Business Acceptance Committees (BACs)
- Review, clearance, or escalation of alerts related to database screening and transaction screening/monitoring (e.g. potential sanctions hits or suspicious transactions)
- Reporting of suspicious activity to the relevant authorities (e.g. An Garda Síochána and the Revenue Commissioners)
- Relevant anti-bribery and corruption processes
Compliance Reporting:
Ensure appropriate and timely reporting to Compliance, business management, and external parties (including Group reporting via the CRMS tool, ExCos, Boards, and Regulators).
Training:
Help organise, coordinate, and deliver an effective training and awareness program for staff.
Outsourcing:
Provide appropriate oversight of Compliance and business-related outsourcing, including:
- Advice and assistance on regulatory aspects of outsourcing
- Effective monitoring of outsourcing performance
Specific 2S Responsibilities
Assurance:
Provide reasonable assurance to relevant senior management (including the Head of Ireland Securities Services, Board of Fund Administration Services (Ireland) Ltd, and the Depo & Custody Opco) that adequate compliance frameworks are in place and aligned with Group Compliance requirements and applicable laws/regulations.
PCF Role:
Act as Head of Compliance and Head of AML for Fund Administration Services (Ireland) Ltd. These roles (PCF-12 & PCF-52) are Pre-Approved Control Functions and must be approved by the Central Bank of Ireland under the Fitness & Probity Regime.
Regulatory Relationships:
Manage and oversee relevant regulatory relationships in Ireland, serving as the point of contact with the regulator for 2S-related matters.
Fund Services:
Advise and assist the business to ensure compliance with obligations related to client and fund service providers. This may include contributing to client RFPs, due diligence, and audits.
Regulatory Watch:
Help manage Compliance's involvement in identifying, communicating, and implementing regulatory changes in conjunction with Legal.
Policies and Procedures:
Ensure adoption of relevant Group compliance-related policies and procedures and the development of local policies as necessary.
PE / PIC / MI:
Ensure adequate management of Compliance's systems and controls concerning:
- Professional ethics
- Protection of clients' interests
- Market integrity
Compliance Risk Management:
Contribute to the development, implementation, and maintenance of risk assessment processes. Provide compliance risk assessment reports to governance bodies and regulators as needed.
Compliance Monitoring:
Ensure adequacy in the design and application of compliance monitoring systems and the overall monitoring plan to ensure business operations remain within regulatory risk appetite.
Qualifications & Experience Required
- Degree-level education or equivalent
- Professional compliance qualification
- Minimum of 10 years in a compliance or related role, with a strong understanding of applicable regulatory requirements
- In-depth knowledge of Financial Security matters (familiarity with related policy frameworks and in-house tools is a plus)
- Detailed understanding of securities services and fund administration
- Solid understanding of outsourcing regulatory requirement
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