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. In support of the needs of our growing business we are hiring a Cyber Security Manager who will be responsible for the cyber security of our IT platforms; both insourced and outsourced.
What does a successful Financial Crime Analyst do?
The Financial Crime Analyst is responsible for evaluating new and additional merchant applications, ensuring compliance with anti-money laundering regulations—including the EU 5th AML Directive, the Criminal Justice Act (CJA), and the UK Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017—while overseeing the onboarding process in line with the AIBMS AML Policy. They assess the risk associated with prospective merchants and conduct thorough quality control checks on supporting documentation during the onboarding process.
We are seeking an experienced, AML-qualified professional who is hard-working, driven, and a team player, with a strong commitment to investigating and assessing AML risk. The ideal candidate will focus on ensuring the accurate and efficient onboarding of new merchants, while maintaining full adherence to AIBMS AML Policies and Procedures.
What you will do:
- Primary Task: Performing risk assessments and reviews of prospective merchants to evaluate their suitability for AIBMS, while ensuring the accurate onboarding of newly approved merchants in accordance with the Standard Operating Procedure and AIBMS AML Policy to ensure compliance with anti-money laundering regulations—including the EU 5th AML Directive, the Criminal Justice Act (CJA), and the UK Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
- Secondary Task (If requested by Financial Crime Management): Completing periodic and trigger event reviews on AIBMS existing merchant client base to ensure compliance with anti-money laundering regulations—including the EU 5th AML Directive, the Criminal Justice Act (CJA), and the UK Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
- 4-eye checking of onboarding and periodic review cases to ensure merchants have been onboarded as per the Standard Operating Procedures in place.
- Conducting comprehensive reviews to identify and verify the beneficial owner(s) of current merchants. This process includes but is not limited to: examining company reports and organizational structures to determine ultimate beneficial owners, performing PEP, sanction, and adverse media screening on merchants and associated individuals, assessing KYC documentation, analysing additional supporting materials related to the merchant, and utilizing a risk calculator to establish the merchant's risk profile. Completing several quality control checks to ensure we are accurately recording information relating to the merchant.
- Conduct on-going daily merchant screening, ensuring false positive, true positive, and dormant account alerts are accurately recorded, tracked, rationalised, and resolved promptly. Ensuring applications and reviews are logged and tracked at every stage of the process in a proficient manner.
- Assessing merchant bank change requests to verify their legitimacy and ensure compliance with security protocols.
- Carrying out ad-hoc tasks assigned by the Financial Crime Management team, including but not limited to Quality Assurance reviews, screening and sanction checks, and Reliance Agreement testing.
- Communicating with internal stakeholders, external partners, and merchants via the financial crime team's mailbox to gather necessary information, review documentation, and clarify application details.
What you will need to have:
- Possesses a recent CAMS, AML, or ACOI qualification, or is actively working toward one.3+ years’ experience in an AML role.
- Working knowledge of regulatory requirements and expectations for AML/CFT and Sanctions.
- 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.
R-10372515
