Anti-Money Laundering (AML) Compliance Manager- Permanent- Irish Life Group
Dublin, IE
- Full Time Permanent position
- Hybrid role based in our City Centre offices
What we offer
We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.
We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few.
Further details on our benefits package can be accessed here Benefits (life-careers.com)
Role Overview
ILGL is recruiting for a Compliance Manager, with specific focus and responsibility on/for anti-money laundering, who will join the Compliance team. The role will oversee AML activity in the various Irish Life Group Companies, but will have a specific focus on Irish Life Assurance/Irish Life Financial Services due to the volume of anti-money laundering related work in these entities. The Compliance teams within ILGL are generally small, dedicated teams of professional staff who are responsible for providing independent information and objective advice on compliance matters to the ILGL Risk Committee, to senior management and to the GWL Chief Compliance Officer.
The Job:
Reporting to the Head of ILFS Compliance but with strong reporting lines into the MLRO’s (and/or to other senior compliance managers as required), the successful applicant will, in conjunction with the Money Laundering Reporting Officers (MLROs) within the Irish Life Group, work with business management to ensure that all aspects of the anti-money laundering obligations of the group are operating appropriately (including those obligations arising from GWL Regulatory requirements) in addition to wider Financial Crime obligations. They will also be required to contribute effectively to the compliance function’s implementation and monitoring of the company’s compliance framework, including the management of existing and emerging regulatory risk. This is likely to include group-wide Compliance issues other than AML/Financial Crime.
What you will help us to achieve
The key responsibilities of the role include:
- Supporting the Money Laundering Reporting Officers in ensuring that the business has implemented and operates the procedures and processes required to meet its AML obligations.
- Investigating, understanding, interpreting and advising on relevant regulations - ensuring group businesses are prepared for new anti-money laundering requirements and that policies and procedures are applied consistently.
- Actively participating in business projects in relation to emerging regulatory requirements.
- Working with business management to ensure that Group companies follow a “best practice” compliance approach to AML.
- Support the objectives of the Great-West Lifeco and Irish Life Money Laundering Reporting Officers.
- Carrying out a comprehensive risk-based monitoring/testing programme of the group’s anti-money laundering obligations.
- Ensuring that procedures developed within the business to meet AML regulatory requirements meet required compliance and ethical standards.
- Providing support and guidance to the business in relation to existing and emerging AML compliance requirements.
- Providing advice and support to the business unit compliance areas as required.
- Deputising for the MLRO in their absence.
What you will need to be successful in the role
Ideally the successful candidate will have some or all of the following:
- Significant compliance function experience within a financial services business environment.
- Detailed knowledge of compliance regulation impacting on insurance companies, in particular, anti-money laundering, anti-terrorist financing obligations and the wider Financial Crime environment.
- Proven influencing skills and ability to deliver against agreed objectives.
- An ability to manage and motivate oneself and keep up to date with knowledge of the businesses.
- A high level of communication skills, both written and oral.
- The ability to interact comfortably with, and influence senior management.
- The self-motivation to participate in key compliance projects with an ability to take initiative and drive projects to completion.
- Resilience and an ability to deal with a variety of complex situations.
- A Compliance or anti-money laundering related qualification / experience and/or other financial related qualifications (e.g. law degree / accountancy qualification / QFA diploma) would be preferable.
Key Competencies
Fitness & Probity
This role is a ‘controlled function’ as set out in the Central Bank Reform Act 2010 and defined by the Fitness and Probity Regulations and Standards 2011. Any appointment will be conditional on the company being satisfied that the appointee meets the requirements as set out in the Fitness and Probity standards issued by the Central Bank. This requires the company to complete prescribed due diligence to assess the appointee’s fitness and probity. Further details on this due diligence process are available from Human Resources.
About us
Irish Life is one of Ireland’s largest financial institutions with a presence across a range of financial services markets. We are one of Ireland’s leading financial services groups with over 1.5 million customers. For over 80 years, we’ve been helping people to look after their life insurance, pension and investment needs, and more recently their health insurance.
It is a subsidiary of Great-West Lifeco and a member of the Power Financial Corporation group of companies.
We are proud of our culture of developing and supporting the growth and professional development of our people. The focus has resulted in a team of top talent with high standards, positioning us at the forefront of our industry.
The company reserves the right to draw up a shortlist as part of the selection process. Where Agency assistance is required the Irish Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Irish Life by Recruitment Agencies will not be accepted for this role.
Irish Life is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued. We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported.
We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.
If you require any accommodations during the recruitment process please contact lifecareers@irishlife.ie and we will be delighted to ensure you are fully supported to be your best.
Irish Life Group Services supports Equal Opportunity.