My client is seeking an experienced financial crime professional to serve as Director of AML and MLRO for their Dublin entity, reporting to the European Head of Compliance, on a functional basis, and to the CEO on a local basis. You will drive and lead a dynamic technology-driven AML compliance function at both a local and European level and have input into global AML initiatives. You will play a pivotal role in ensuring the Firm’s compliance with the Criminal Justice Act, European AML Directives, and enterprise-wide policies. This will require an ambitious candidate with demonstrated ability to work effectively with various stakeholders across each line of defence, strong people management experience, and deep financial crimes subject matter expertise.
You will be responsible for overseeing AML and Sanctions program, including KYC and enhanced due diligence (EDD) requirements, training, policies and procedures, management reporting, 2LOD testing and monitoring, transaction surveillance, investigations, and a process for filing suspicious activity reports.
Your Responsibilities:
- The Director of AML / MLRO will execute strategic risk-based decisions which are aimed at ensuring the AML compliance program meets both regulatory requirements, as well as evolving business strategy.
- Manage and develop AML resources effectively, ensuring staff have clear objectives and performance expectations are clearly communicated and measured.
- Point of contact regarding AML matters with internal and external partners such as Enterprise Risk Management, Model Governance, Audit, Client Onboarding, the Central Bank of Ireland, Revenue, and Law Enforcement.
- Member of the executive management body and client acceptance committee who reports into the board, audit and risk committees on the effective design and execution of the AML compliance program.
- Ability to anticipate and evaluate potential fraud and financial crime risks at a strategic level (including organizational structures, business processes, product design, delivery channels and third-party system providers etc.).
- Develop and oversee initiatives to implement measures needed to implement new requirements and emerging financial crimes typologies into clear business-focused processes.
- Oversee the implementation and maintenance of firm policies and written supervisory procedures related to AML issues.
- Oversee responses to regulatory or enforcement inquiries regarding AML policies or issues.
- Develop and implement remedial action plans in response to internal and external audit findings.
Your Qualifications and experience:
- At least 15 years’ experience in a similar AML position as head or deputy head of AML or MRLO, preferably at a financial institution with a European customer base or an EU regulator.
- A proven track record in building, leading and managing a high performing team.
- A Bachelor’s degree in law, business, finance, or accounting preferred.
- Ideally be a PCF-12, or PCF-52 holder or similarly registered with an equivalent regulatory body.
- Strong knowledge of 4th and 5th Money Laundering Directive, EU sanction regimes and, preferably, the regulations of the CBI.
- Experience with open-source intelligence gathering, payment systems, and money laundering red flags, particularly in the capital markets.
- Experience of working within a global organization, and with matrix reporting lines.
- Excellent oral and written communication skills, as this role will require the holder to interact with the CBI, the board of directors, and global senior management.
- High degree of comfort with computers and technology and understanding of how technology is applied to business and regulatory problems.
- Strong analytical skills with an ability to develop compliance solutions that satisfy relevant regulations while executing sound business judgment.
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