Compliance Manager - EU Compliance Manager - EU …

in Dublin, Leinster, Ireland
Permanent, Full time
Last application, 19 Jan 21
in Dublin, Leinster, Ireland
Permanent, Full time
Last application, 19 Jan 21
Compliance Manager - EU
Compliance Manager - EU

Role Description
This role has been created in order to:
  • Protect and maintain FNZ's reputation with clients and regulatory bodies across the EU
  • Manage an EU team to successfully deliver Risk and Compliance Services across FNZ (EU)
  • Provide clear strategic direction to the department with clearly defined deliverables
  • Ensure all our EU customers are treated fairly

Summary of Focus
  • Compliance framework that ensures end-to-end compliance with regulation across FNZ (EU)
  • Robust Compliance framework to limit material breaches across FNZ (EU)
  • Clear MI delivered on a timely basis, which sets out all key Risks to the business, and supports a 'no surprises' culture

Role Responsibilities:

Provision of core services to FNZ (EU) including:
  • Compliance Monitoring
  • Identification of CBI and European Union (EU) regulatory change
  • Compliance consultancy to the business
  • Promotion of a compliant culture through education

External Liaison
  • To prepare reports and liaise with clients on Compliance matters
  • To attend clients' senior risk committees
  • To liaise with auditors and consultants on Compliance matters

PCF 15 Compliance Oversight & MLRO (Central Bank of Ireland (CBI))
  • Policy Owner of Regulatory Compliance supporting policies and procedures
  • Develop and maintain effective relationships with the CBI and other relevant Irish/EU regulators
  • Provide the senior point of contact with the Regulators that FNZ (EU) are registered with and maintain awareness of all communications with those regulators
  • Ensure there are appropriate regulatory controls in place within FNZ (EU) to establish and maintain FNZ (EU)'s compliance with regulatory requirements including Conduct obligations
  • Ensure that an annual risk based Compliance Monitoring Plan is carried out for FNZ (EU)
  • Report to FNZ (EU) Board on compliance with FNZ (EU)'S regulatory requirements
  • Ensure regulatory reporting to regulatory authorities on behalf of FNZ (EU) is timely and accurate
  • Ensure compliance training is provided to EU employees
  • Maintain knowledge of and competence in the regulatory environment in which FNZ (EU) operates and in the financial services industry of which it forms part
  • Ensure awareness and compliance with regulatory requirements
  • Be aware of and continue to comply with the CBI's Fit and Proper requirements
  • Have sufficient oversight of the systems and controls in place within FNZ (EU) to ensure that it remains compliant with the CBI's rules
  • Ensure that the employees in the role's areas of responsibility are competent to carry out their roles and there is adequate training in place to reach and maintain that competence
  • Ensure that conflicts of interest have been identified and where possible mitigated and ensure that there is a regular review of conflicts of interest

Money Laundering
  • Act as the Money Laundering Reporting Officer
  • Reporting to the FNZ (EU) Board in relation to FNZ EU's adherence to the Irish Money Laundering Regulations and EU Anti-Money Laundering Directive V.
  • Overseeing / carrying out / producing / reviewing (as applicable) the following:
    • Annual review of the Anti-Money Laundering Policy and supporting procedures and templates to ensure it remains compliant with current applicable Money Laundering Regulations
    • Review and sign off anti-money laundering / PEP and Sanctions checks on FNZ EU's clients and, where applicable, other FNZ companies carrying out contractual activities in the EU
    • Annual risk assessment of EU's money laundering risk
    • An annual MLRO report and ensure it goes to the FNZ EU Board
    • Adequate money laundering and PEP and Sanction training carried out within FNZ EU including an annual review of FNZ produced training materials
    • Horizon monitoring for any regulatory changes connected with applicable money laundering regulations and ensuring those changes are incorporated into the policy, supporting procedures, templates and training materials
    • Investigation into any reports of suspicious transactions made to the MLRO and ensuring any necessary reports in connection with FNZ EU's own AML obligations are made to the relevant agencies
    • AML, PEP and Sanction consultancy to FNZ EU employees

Financial Crime Second Line Oversight
  • Ensure that Policies and procedures are in place to assist in the prevention of Financial Crime
  • Ensure Financial Crime training is provided to employees on the Financial Crime policies
  • Provide second line of defence monitoring of Financial Crime controls

Data Protection Officer
  • Ensure that there is a Data Privacy Compliance Oversight Framework in place which supports the requirements of GDPR in relation to the role and responsibilities of the DPO.
  • Monitor FNZ EU's compliance with EU data privacy requirements and GDPR and with the Global Data Privacy Policy and second level data privacy policies, through Compliance Monitoring reviews and high frequency monitoring
  • Through the Data Privacy policies and Compliance Monitoring reviews, assign business responsibilities for actions to maintain data privacy compliance
  • Maintain a risk based- approach to the oversight of data privacy compliance, taking account of the nature, scope, context and purposes of processing of personal data.
  • Oversee the completion and maintenance by FNZ EU of Records of Processing, records of personal Data Breaches, records of Data Subject Rights Requests and Data Privacy Impact Assessments
  • Review personal data breaches, assessing reportability of controller breaches by FNZ EU, advising on actions to be taken and assisting in identifying trends.
  • Provide and update learning material for the FNZ EU mandatory e-learning module on data privacy for employees and focused data privacy training as appropriate.
  • Provide data privacy awareness and guidance materials for relevant FNZ EU staff involved with personal data
  • Be available to business owners and employees (data subjects) on matters relating to data privacy and data subject rights.
  • Work with external auditors as required.
  • Meet with clients and prospective clients in relation to data privacy compliance.
  • Work with the Risk function to ensure data privacy risk is adequately captured within the Global Risk & Control Framework.
  • Act as contact point for FNZ EU with the Irish Data Protection Commission including in relation to the reporting of personal data breaches by FNZ as a data controller and any prior consultation required in relation to high-risk processing of personal data
  • Provide Management Information on data privacy compliance for reporting to the FNZ EU Board and governance committees

Experience required
  • In-depth knowledge of the EU financial services and regulatory framework
  • 5-10 years' experience working at a senior level within a regulated environment
  • Previous experience as a Compliance Officer
  • Experience in people management
  • Ability to communicate effectively at a variety of levels within a regulated environment, both internally and externally, written and verbally
  • Good inter-personal skills necessary to constructively challenge senior management where appropriate
  • Good attention to detail
  • Numerate
  • Experience in risk management and control

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