A qualified and experienced AML Manager is required to ensure the Group and its subsidiary entities adhere to their respective AML and CFT legal and regulatory obligations and are fully compliant with associated governance, risk management and internal control frameworks.
Duties and Responsibilities include:
– Maintaining and regularly updating the Group’s Anti-Money Laundering Policy, consulting with the business on change and development in respect of AML / CFT and representation of the Group and / or its subsidiary entities in external forums, consultations exercises and any relevant developments in the external environment;
– Day to day monitoring and reporting of the AML team;
– Support the Head of Risk & Compliance by producing Board reports and attend Committee meetings if required;
– Manage MLRO reporting to board and attend meetings as required;
– Perform due diligence reviews on new clients and subsequent reporting;
– Support management and staff in the implementation of the AML operational processes and procedures;
– Identify changes to legislation, rules or industry guidance to ensure that the company meets its statutory obligations and internal requirements in respect to the prevention of money laundering prevention and to ensure this is communicated effectively to management and staff;
– Undertake monitoring of client and investor accounts;
– Work with operational management to develop, deliver and implement the appropriate policies and procedures affecting the different functions within the Group;
– Provide an internal advisory service where necessary;
– Undertake ad hoc project work as determined by the Head of Risk & Compliance, as necessary.
Skills and Experience Required:
– A professional with a minimum of 5 years’ experience in an AML role within the Life Assurance industry;
– Proven Management experience and MLRO responsibilities;
– Knowledge of relevant Isle of Man legislation and Regulatory framework and issued guidance. An understanding of Irish and European legislation and Regulatory framework would be an advantage;
– An understanding of the Foreign Account Tax Compliance Act (FATCA), and the OECD Common Reporting Standard (CRS) would be an advantage;
– Ability to research, analyse and interpret regulations applicable in International markets and identifying the impact on literature, processes and procedures;
– Hold an Anti-Money Laundering or Compliance qualification or be working towards one;
– Accountable for own decisions and actions whilst respectful of the professional responsibilities of others;
– Competent in Microsoft applications, in particular Word, PowerPoint, Outlook and SharePoint;
– Competent in the delivery of regulatory and relevant authority reporting obligations.