The Central Bank of Ireland serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.
We currently have a vacancy for a Supervisor in the Anti Money Laundering and Enforcement Directorate on a Contract of Indefinite Duration in the Anti-Money Laundering Division. This role is aligned with the Bank Professional 3 level and BP3 salary scale applies. Please click here for further information on our salary scales.
This role comes at an exciting time, as AMLD expands in response to the growing population of firms falling under its supervisory remit. This expansion includes responsibility for the registration and subsequent oversight of Virtual Asset Service Providers’ compliance with their AML/CFT obligations. Additionally, the European AML/CFT framework is currently undergoing radical change arising from the European Commission’s AML/CFT Action Plan which includes the establishment of a single European AML/CFT supervisor.
The purpose of this role is to contribute to the Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT) and Financial Sanctions (FS) supervision of credit and financial institutions, including virtual asset service providers, using a risk-based, outcome-focused approach to supervision in order to monitor compliance with regulatory standards (National, European and International standards).
Responsibilities:
- Contribute to the AML/CFT/FS supervision of entities across multiple sectors, including but not limited to virtual asset service providers, using a risk-based, outcome-focused approach to supervision aligned to the Central Bank’s Money Laundering/Terrorist Financing (ML/TF) risk assessment to safeguard the financial system from being used for money laundering and/or terrorist financing
- Providing authorisation, supervision and enforcement colleagues with support and advice, relating to virtual asset service providers to enhance assessment of applications, supervisory oversight of entities and, where relevant, escalation of cases
- Liaising with management and peers on the topic of virtual assets, financial crime linkages and the role of various processes in regulating this activity
- Contribute to the implementation of a supervisory programme of work to address issues, themes and supervisory risks that have been identified through the team’s surveillance of the sector so that the supervision is robust, timely, effective and efficient.
- Provide appropriate inspections and supervisory work outcomes and communicate these clearly and effectively to the team, AMLD management, the relevant firm/sector and other supervisors so that all are kept informed and timely action can be taken to mitigate against any risks
- Contribute to the detailed analysis of AML/CFT/FS related information/returns e.g. policies and procedures, risk assessments, training and STR information, Risk Evaluation Questionnaires, to ensure that our analysis is thorough and supervision of the firms is robust.
- Carry out such other ad-hoc supervisory activities as may be determined by the Supervision Manager/Senior Supervisor, such as participation in supervisory projects, thereby assisting the team to deliver upon its mandate.
Requirements:
- A third level honours degree or professional qualification in the area of Business, Accounting, Finance, Legal, Risk/Compliance/Internal Audit, Technology or any related professional discipline. Mandatory Practicing Certification/ Professional Membership (e.g. Banking qualification QFA, LCOI etc.)
- 5 years’ regulation/financial services experience and/or academic or research experience in financial services or information technology.
- Knowledge of AML/CFT framework and compliance and understanding of the following: business models and governance structures, key ML/TF risk drivers (e.g. geographic, distribution channels, customer type etc.).
- Analytical, problem solving, decision making, planning and organisational skills.
- Ability to critically assess complex/once off issues and problems with the ability to distil significant volumes of information in a timely manner, identifying solutions for root causes of issues.
- Ability to professionally and constructively challenge supervised entities as appropriate
- Acting professionally, ethically and with integrity.
- A keen drive to continually develop one’s own skillset and keep up to date with industry developments.
- Good verbal and written communication
- Technical and operational knowledge of VASPs and of the AML/CFT risks that they present is highly desirable.
We know it’s our people who make the Central Bank special and we are focused on creating a diverse, inclusive, fulfilling and progressive work environment. We encourage applications from candidates with different backgrounds, experiences and perspectives as it strengthens us, as individuals and as an organisation. We are committed to positively supporting candidates with disabilities. If we can make any reasonable accommodations for you in the recruitment process in order to give you the opportunity to perform to your best, please let us know. Any information that you provide will be used only for the purposes of providing relevant support and will have no bearing on how your application will be viewed.
Apply Here
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