Head of Anti-Money Laundering and Counter Terrorist Financing Compliance (PCF-52) at Northern Trust

Dublin, County Dublin, Ireland

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Subject to Central Bank of Ireland (CBI) approval for PCF-52 role
Designated as a Material Risk Taker (MRT)
Strong understanding of branch operations, products/services, systems, and associated risks/controls
Full conversance in financial crime regulatory change
Ability to represent the organization in industry working groups and forums
Technical expertise to advise senior management on regulatory and legal requirements
Ability to interact with key risk functions (e.g., Legal, Operations, Fraud teams)
Collaboration skills with Regional and Global AML compliance colleagues
Profile as a leading AML Subject Matter Expert (SME) with Branch Management Committee

Responsibilities

Develop, apply, and maintain an AML/CTF risk assessment framework in line with regulator expectations and NT policies/standards
Develop, review, and enhance AML policies and standards for compliance with Irish and international requirements
Provide technical expertise to senior management on regulatory/legal requirements
Interact with key risk functions including Legal, Operations, and Fraud teams
Work with Regional/Global AML compliance colleagues to develop global standards, knowledge transfer, and best practices
Provide reporting to governance committees and deliver annual AML Director Compliance training to Branch Management Committee
Promote a culture of AML compliance and risk awareness
Oversee unusual activity investigations and suspicious activity reporting, including timely investigation/escalation of potential money laundering, terror financing, fraud, or criminal activities
Develop oversight programme for global AML shared services, including Service Level Descriptions and KPIs
Develop and implement a risk-based monitoring plan for AML, CTF, and Sanctions compliance
Review new business activities for compliance and risks
Participate in projects to ensure Irish business and AML regulatory needs are met; deputise/represent Head of Compliance at forums
Investigate and submit suspicious transactions reports to Financial Intelligence Unit (FIU) and Revenue Commissioners
Act as primary contact for regulators (incomplete in description)

Skills

Key technologies and capabilities for this role

AMLCTFFinancial Crime ComplianceRisk AssessmentRegulatory ComplianceMoney LaunderingTerrorist FinancingFinancial SanctionsCentral Bank of IrelandSecond Line of Defence

Questions & Answers

Common questions about this position

What is the employment type for this role?

This is a full-time position.

What are the key responsibilities of the Head of AML role?

The role involves developing and maintaining an AML/CTF risk assessment framework, ensuring compliance with policies and standards, providing technical expertise to senior management, interacting with key risk functions, and providing reporting to governance committees.

What salary or compensation is offered for this position?

This information is not specified in the job description.

What is the reporting structure for this role?

The role reports to the International Head of Financial Crime Compliance and works within the second line of defence.

What qualifications make a strong candidate for this position?

Strong candidates will have deep expertise in AML/CTF frameworks, knowledge of financial crime regulatory changes, experience representing organizations in industry forums, and the ability to promote a culture of AML compliance as a subject matter expert.