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The role will discharge the regulator expectations of a Money Laundering Reporting Officer (MLRO) for the Northern Trust fund administration, depositary and nominee entities ('the firms') in Ireland, namely:
(i) Northern Trust International Fund Administration Services (Ireland) Limited; (ii) Northern Trust Fiduciary Services (Ireland) Limited; (iii) Northern Trust Nominees (Ireland) Limited.
Reporting to the Head of Compliance (PCF 15) for both entities, and working within the second line of defence, the MLRO has lead responsibility for ensuring a comprehensive AML & Economic Sanctions framework is in place for the firms through the provision of advice, assurance and assessment of controls.
Develop a strong understanding of the firms' operations, products/services, systems and associated risks/controls.
Apply and maintain an AML/CTF risk assessment framework in line with regulator expectations and NT policies and standards.
Be fully conversant in financial crime regulatory change and represent the organisation on, and participate in, industry working groups and forums.
Develop, review and enhance AML policies and standards to ensure continued compliance with Irish and international requirements arising from multi-jurisdictional activities.
Provide technical expertise to senior management to manage their relevant regulatory and legal requirements. Interact directly with other key risk functions including Legal, Operations and Fraud teams as well as with NT Global AML compliance colleagues based in EMEA and the US.
As the key member of the AML leadership function in Ireland, work with Global AML compliance colleagues in other geographical locations to enable the development of global standards, knowledge transfer and best practice.
Provide appropriate reporting at various governance approval committees, including the firms' Board and Risk Committee. Deliver annual AML Director Compliance training to the Board of Directors.
Establish and maintain profile with the Ireland Executive Management Group as a leading AML Subject Matter Expert (SME) in Ireland, promoting a culture of AML compliance and risk awareness.
Full oversight of unusual activity investigations and suspicious activity reporting, including the timely investigation and escalation of potential money laundering, terror financing, fraud or other criminal activities to relevant stakeholders.
Develop a programme of oversight in relation to activities performed as part of the global AML shared services model, including creation and maintenance of Service Level Descriptions and KPIs.
Develop and implement a risk based monitoring plan to provide assurance over the firms' AML, CTF and Sanctions compliance framework.
Review new business activities to ensure they are assessed for compliance and potential risks.
Participate directly in projects ensuring Irish business and AML regulatory needs are being met and deputise for/represent the Head of Compliance at various forums where required.
Investigate and submit suspicious transactions reports to the Financial Intelligence Unit (FIU) and Revenue Commissioners.
Act as the primary contact for all AML regulatory reviews and inspections conducted by regulators, including the Central Bank of Ireland.
Manage and lead a tea m of AML SMEs with a focus on the delivering of timely support, efficiency of process and the effectiveness of controls. The role will also be responsible for performance management, prioritising, guidance and training for the team. SKILLS / EXPERIENCE REQUIRED:
Comprehensive knowledge and experience in applicable AML laws, regulations, and industry trends that impact their assigned line of business.
Ability to maintain independence from management and front line while having the ability to work well with all levels of the organisation.
An influencer who engenders trust and builds relationships at all levels whilst acting with integrity.
Strong analytical skills and a clear thinker with the ability to analyse, communicate and report in a clear, concise and effective manner to all levels of management.
Ability to identify issues and associated risks, and provide practical solutions to a wide range of issues.
Proven ability to manage, delegate, stretch and develop team members.
Ability to work efficiently, meet demanding deadlines and balance multiple tasks. A self-starter who uses their own initiative to constantly develop. About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Working with Us:
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and ethical companies. Build your career with us and apply today.