Money Laundering Reporting Officer

Job Description

Synopsis of Role
The role involves managing the Financial Crime requirements of the BNY Mellon operations in Ireland from a Compliance perspective. These operations involve multiple legal entities in multiple locations within Ireland and other jurisdictions where Ireland has outsourced functions. BNY Mellon’s activities include transfer agency services, fund accounting, trustee and corporate trust operations. The role involves driving and managing the Financial Crime agenda from a Group and local regulatory perspective.

Key Responsibilities
 
1) Identify and manage the regulatory requirements of financial crime on a risk basis.

2) Ensure that the Financial Crime Framework is compliant with Irish legislation and guidance and that issues and risk areas are escalated to senior management / Board level as appropriate.

3) Dealing with Regulatory Correspondence both to and from regulatory authorities, as part of regular reporting requirements, and on issues arising in respect of Financial Crime.  Lead / Manage BNY Mellon response to any regulatory Financial Crime requests for information / inspections.

4) Schedule, conduct and oversee as appropriate, Financial Crime Monitoring on specified areas of the business, on the basis of the plan and issues arising, in order to monitor BNY Mellon's compliance with procedures, regulatory and statutory obligations.

5) Responsible for the SAR process in respect of the Irish entities ensuring internal SARs are reviewed and reported internally and to the authorities in accordance with policy and local laws and regulations

6) Managing a dedicated 2nd line oversight team of Financial Crime Specialists

7) Act as CF2 under the Central Bank’s Fitness & Probity Regime for Irish regulated entities, attends and represent Compliance as MLRO at relevant Board meetings and management committees for in scope entities including presentation of relevant Management Information.

8) Co-ordinate the production, sign-off and presentation of annual MLRO report for in-scope entities.   Arrange for delivery of annual AML training to Board Directors or relevant staff as required.

Additional Responsibilities
• Interpretation and provision of technical guidance to senior management and operational areas in relation to Financial Crime regulatory change.
• Providing regulatory advice and guidance to business areas in respect of Financial Crime issues arising.
• Subject matter expert on interpretation and advice in relation to Financial Crime policies and procedures.  Review and approve local Financial Crime procedures to comply with corporate policy and local regulations and laws.
• Maintenance of Financial Crime regulatory database and associated monitoring activities.
• Prepare Financial Crime Monitoring Plan on an annual basis for relevant business lines and entities.
• Involvement with the business on projects which have a Financial Crime aspect.
• Provision of reports and presentations to senior management and Boards on a regular basis and as required.
• Development of and provision of training to the business on Financial Crime, to cover both Group and local regulatory requirements.
• Financial Crime related Risk Assessments to be maintained and reviewed for each business line and entity.
Governance Responsibilities
• Contribute to the effective governance of the EMEA region. As required, engage in regional committees and local boards, offering constructive challenge and helping to support the Committee/Board fulfill its role and responsibilities of which they are a member. 
• Help to ensure that a strong governance culture is embedded within the region, that issues are escalated and cascaded appropriately and that key risks are identified, discussed and mitigated.
• Build a good understanding of the EMEA governance framework, including escalation requirements, and ensure there is clear, appropriate and evidenced apportionment of responsibilities amongst staff members for whom the job holder has management responsibility.

Generic Staff Responsibilities
• Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon
• Alert management including the Chief Risk Officer and / or the EMEA Chief Risk Officer immediately of any significant changes to business risks and internal control effectiveness.
• Notify management and/or the Chief Compliance and Ethics Officer and Head of International Compliance immediately on discovery of any material regulatory breach.
• Comply with all Security and Health & Safety policies and procedures operating within the business.

Shared Values and Core Competencies (required for all roles) – detailed definitions available on MySource
Values:-
1. Client Focus – demonstrates clear understanding of importance of effective customer service, internally and externally
2. Integrity -   acting with the highest ethical standards for our company, our employees and our clients
3. Teamwork –  fostering collaboration and diversity to empower employees to build relationships and deliver insights
4. “Excellence” –  setting the standard for leading-edge solutions, innovation and continuous improvement

Core Competencies:-
1. Global Acumen - Developing and incorporating an understanding of the competitive global  business environment as well as an awareness of economic, social  and political trends that impact the organization’s global strategy
2. Establishing Strategic Direction - Establishing and committing to a long-range course of action to accomplish a long-range goal or vision after analyzing factual information and assumptions taking into consideration resources, constraints and organizational values
3. Developing Strategic Relationships - Using appropriate interpersonal styles and communication methods to influence, collaborate and build effective relationships with business partners (e.g., peers, functional partners, external vendors and alliance partners)
4. Building Organisational Talent - Attracting, developing and retaining talented individuals. Providing timely coaching, guidance and feedback to help others maximize their potential and meet key accountabilities. Using appropriate methods and interpersonal styles to develop, motivate and guide a team toward successful outcomes and attainment of business objectives
5. Change Leadership - Continuously seeking (or encouraging others to seek) opportunities for different and innovative approaches to addressing organizational problems and opportunities
6. Client Orientation - Cultivating strategic client relationships and ensuring that the client perspective  is the driving force behind all value-added business activities
7. Driving Execution - Translating strategy into operational reality. Breaking down strategic priorities or business initiatives into key tasks and identifying accountabilities. Aligning communication, people, culture, processes, resources and systems to ensure effective implementation and delivery of required results

 

Qualifications

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BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Ireland-Dublin-Dublin
Job: Risk
Internal Jobcode: 85167
Organization: Compliance & Ethics-HR06015
Requisition Number: 1918000