Head of Compliance - Dublin Branch - Banking
Duration: 12 months contract
Location: Dublin
Responsibilities
Ensure that the Branch only conducts business within its permissions and prevents any business activity beyond those permissions until they are granted.
Acting as the Branch's point of contact with the Central Bank of Ireland with respect to compliance with supervisory and regulatory requirements.
Provide regulatory guidance to the operational business areas for any business conducted through the Branch, respond to and develop compliance reporting and may present reporting to leadership support, contribute to testing reviews involving the Branch and advise on suitable corrective action.
Act as a Data Protection Lead for the branch.
Work with the Money Laundering Reporting Officer/PCF52 of the Dublin Branch and the Financial Crime Compliance Team.
Be a Fit and Proper Person from the perspective of the NBB Fit and Proper persons regime.
Continuous adherence to the Standards of Fitness and Probity issued by the Central Bank of Ireland.
Compliance Oversight Responsibility for all businesses contracted through the Branch - ultimate accountability for all business contracted through the Branch.
Lead and develop the Compliance Function in the Branch ensuring the staff employed have adequate knowledge, experience and skill sets on compliance requirements to perform their roles. Collaborate with the business unit to develop appropriate training materials.
Contribute to the establishment of the overall compliance plan and be responsible for appropriately directing the implementation of the plan within the Branch.
Guide the team analysis of existing and proposed legislation, regulatory announcements and regulatory developments within the scope of the Compliance domains which may affect the Branch to be able to provide sound and adequate advice to management to meet existing and upcoming requirements.
Acting as the Branch's point of contact with the Central Bank of Ireland with respect to compliance with supervisory and regulatory requirements:
Receipt and internal distribution of regulatory correspondence (supported by Office of Regulatory relations).
Overseeing adequacy of responses.
Coordination of supervisory visits (supported by Office of Regulatory Relations).
Contribute to the development of projects, programs, process re-engineering and new products/services by assessing the regulatory and compliance risks to improve compliance and enhance the control environment.
Act as an advisor on compliance matters relating the Branch to Senior Management, Lines of Business (LOBs) and employees.
Manage the Dublin Compliance team responsible for assessing the effectiveness of complex controls by supporting and providing input to the Compliance Testing programs involving the Branch.
Use strong relationships with business unit managers to increase the likelihood of timely completion of compliance activities and responses to reports issued by regulatory agencies or audit.
Participate in the ORR-led process, providing a compliance perspective on the topics under review by regulators, where applicable.
Act as Data Privacy Leads for the Branch. The role comprises the following:
Provide advice on local or branch specific privacy issues to the Group DPO and act as the local regulatory liaison on key privacy matters.
Own the relationship with local supervisory Authorities, work with the Group DPO to respond to regulatory requests and inquiries relating to the privacy program and report any relevant personal information breaches to the Supervisory Authority in local language as required.
Coordinate with local lines of business and corporate functions on privacy incident response where required.
Act as an in-country liaison for the Group DPO providing local insight and advice as required, such as during Compliance Testing reviews carried out by Compliance and in the creation of training and awareness initiatives.
Communicate efficiently with individuals and cooperate with the local supervisory authorities (SAs) in the language or languages used by the SA.
Escalate privacy issues to Group DPO, GPO and/or GPC as required and share key privacy messages from these groups via appropriate local forums/channels.
Governance Responsibilities
Contribute to the effective governance of the legal entity. Play an active role in legal entity committees and local management committees, offering constructive challenge and helping to support these committees fulfil their role and responsibilities.
Help to ensure that a strong governance culture is embedded within the legal entity, that issues are escalated and cascaded appropriately and that key risks are identified, discussed and mitigated.
Build a good understanding of the legal entity governance framework, including escalation requirements.
In this respect there is a reporting line to the Legal Entity Management to ensure that any potential conflict of interest is mitigated and to ensure escalation of issues are identified.
#J-18808-Ljbffr