AIB Merchant Services is a leading Payment Solution provider both in Ireland and Europe processing almost 3 billion payment transactions per year across multiple international currencies and jurisdictions. We offer state-of-the-art payment acquiring platforms, POS systems and eCommerce solutions to support the evolving needs of Merchants, Merchant Service Providers and Payment Facilitators.
With global electronic payments expertise spanning over 35 years. Through its relationship with Fiserv, AIBMS delivers world-class point of sale solutions that are inspired by deep industry insight and realised through a program of sustained global investment.
What does a successful Regulatory AML Manager do?
A successful Regulatory AML Manager plays a crucial role within the Operations Team. This position requires strong initiative, the ability to think on your feet, and experience working in a fast-paced environment. A solid business acumen, balancing risk and commercial decision-making, is essential.
The role involves the continued development and management of processes and controls to meet Anti-Money Laundering (AML), Sanctions, and related financial crime requirements. Additionally, it includes the management and delivery of certain outsourced AML services to a UK-based entity.
This role is deemed as a Controlled Function role (CF2) under the Central Bank of Ireland Fitness and Probity Regulations. Commitment to adhere to the IAF Conduct Standards is a requirement for this role.
What you will do:
- Responsibility for the design, development, execution, and maintenance of the AML programme for 1st Line of Defence, ensuring the implementation of controls that reflect AIBMS’ AML Policies.
- Conduct periodic gap analysis on relevant internal AML policies to ensure processes are in compliance with the AIBMS AML Framework.
- Managing delivery of required enhancements to processes and controls identified internally or by third parties.
- Build relationships and coordinate with relevant internal teams to ensure that AML and sanctions queries are responded to in a timely manner.
- Support AML audits or inspections as needed.
- Ensuring the function maintains robust and up to date procedures and take ownership for the functions Risk and Control Self-Assessment Framework.
- Establish a programme to oversee processes conducted by or outsourced to third parties relating to AML.
- Preparing and presenting 1st line AML reports to management.
What you will need to have:
- Relevant 3rd level (BA) Degree (Business, Finance, Law or equivalent) and / or proven Compliance/AML qualification.
- Minimum of 5-6 years of practical experience in a compliance or AML role, ideally in the payments or FinTech industry.
- Possess strong knowledge of the Irish, UK and European AML regulatory environment and key financial crime regimes.
- Experience dealing with complex AML risk and operational issues and developing practical and risk-based solutions.
- Proclivity to look for the “gaps” and develop holistic AML processes and controls.
- Ability to provide practical, strategic and business-oriented advice, as well as implement it in an effective manner.
- Ability to manage and build a high performing team.
- Effective communication skills enabling you to guide 1st line teams on AML topics.
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