Empty Link

Emyvale Credit Union

Co Monaghan
 

MLRO and Compliance Co-ordinator

Our client, Emyvale Credit Union in Co. Monaghan, is a community based, not for profit financial institution who specialise in providing savings, online banking and loans for the local community.
 
This an excellent opportunity to join the team and to support the CEO as MLRO and Compliance Co-Ordinator. 
 
The role includes MLRO and AML, and Compliance Co-Ordinator. The person will be the Trainee Data Protection Officer and the role will involve other Clerical Officer duties and regulatory matters.   

 

Role Purpose 

The primary purpose of the role is: 

  • MLRO and responsible for implementing the anti-money laundering and terrorist financing policies and procedures, auditing member accounts and transactions, AML reporting as required (weekly, monthly, quarterly and annually), administration of Source of Funds and Destination of Funds etc. 

  • Support the work of Compliance including day-to-day duties related to ensuring compliance in lending, member services, operations, etc. 

  • Assist the Credit Union to meet GDPR requirements as Trainee Data Protection Officer 

  • On occasion to perform the range of duties of a Clerical Officer in order to provide cover during absences and leave and within a small team.

 

Reporting 

Reporting to the CEO, and with access to the Board for the MLRO role.

 

Key Responsibilities

 

MLRO

  • Ensure that the credit union complies with all anti-money laundering statutory and regulatory requirements

  • Identify all statutory and regulatory obligations in Anti Money Laundering and Terrorist Financing applicable to the credit union

  • Audit transactions and member accounts and report weekly, monthly, quarterly and annually or as required

  • Report all suspicious transactions (STR’s), and produce reports to the relevant agencies/authorities, (Gardai and Revenue) where appropriate

  • Report to the board of directors on an annual basis as to the overall level of compliance with anti-money laundering regulations

  • Support and train staff regarding AML and STR reporting

  • Ensure that all Directors and volunteers receive training on an annual basis in money laundering prevention

  • Liaise with the ILCU and the Central Bank and other regulators as necessary and foster and build good relations

 
Membership/AML

  • Manage and have operational oversight of the Membership/AML area as well as acting as a Membership Officer

  • Prepare reports on membership; update files, prepare report for AML and audit purposes; prepare source of funds forms for submission to the MLRO for review

Compliance Co-Ordinator

  • Support the work of Compliance across the credit union.

  • Supporting the manager in implementing staff training to support compliance across all areas

  • Reporting any non-compliance by staff to the manager

 
Trainee Data Protection Officer

  • Assist the manager to ensure the credit union meets the requirements of GDPR legislation

  • Develop the DPO role by providing support and shadowing the current Data Protection Officer

  • Undertake training, with a view to taking responsibilities as Data Protection Officer

 
Teller/Member Services/Clerical Officer

  • Act as Teller/Member Services Officer/Clerical Officer as required and dependent on demand and credit union requirements

 
Cash Management

  • Manage and have operational oversight of Cash Management on a rotation basis with the CEO and Operations Co-Ordinator

 

Requirements

 

Qualifications
 

  • A financial services qualification such as the QFA or equivalent is a requirement.

  • A 3rd level qualification is preferable.

  • Qualifications in AML, compliance or data protection are preferable. Training will also be provided to supplement existing qualifications.

  • The post-holder must be committed to undertaking further education in line with the role requirements.

 
Experience
 

  • Significant relevant experience in financial services and/or credit unions, for example, in member services, lending and operational areas, and

  • Good experience in roles in financial services in areas such as compliance administration or support, AML, data protection support and/or MLRO.

 
Skills and Abilities
 

  • Excellent communication skills

  • Excellent analytical skills, and an eye for detail

  • Methodical, precise, detailed focused individual

  • Excellent planning and organisation skills

  • Excellent administrator and co-ordination skills

  • Be results focused, energetic and hard working

  • A person with an ability to work co-operatively and maintain friendly relations with all staff, whilst also being able to step into this entry-level management role

  • An ability to support the Manager in dealing with staff and performance matters in the areas pertaining to this role e.g. compliance, AML, GDPR and data protection, etc.

  • An understanding of the importance of compliance and the regulatory environment which the credit union operates in and have an ability to ensure non-compliance is reported to management

  • An ability to research and become familiar with all regulatory developments

 
Other Skills and Abilities
 

  • Writing and report writing skills

  • Numeracy skills

  • Problem solving skills

  • Ability to handle multiple demands

  • Ability to keep to deadlines

  • Ability to be able to work alone and in co-operation with others

 
 

Contract Duration
 
This is a permanent full-time position.
 
Salary & Benefits
 
The credit union will offer a generous salary commensurate with the role.
 
Working Hours
 
The role is a standard working week, Mon-Fri, 35 hours per week, with a late opening on a Friday evening; 7 hours each day with 1.5 hours for lunch (unpaid); 9 - 5.30 Monday to Thursday and 9- 8.30 Friday with each shift 7 hours.
 
Location
 
The role is based in the credit unions offices in Emyvale, Co. Monaghan.
 
Career Development Opportunity
 
This is an excellent opportunity to develop your career as an MLRO and in Compliance and Data Protection. Training will be provided to support your continuing development in the role. We are looking for a person with an attitude and desire for growth and development.
 
Your Next Step
 
If you are ready to take a further step in your career, apply now using the link below:
 
https://my.hirehive.io/collierbroderick/jobs/77586/mlro-and-compliance-co-ordinator
 
CollierBroderick are the credit unions HR Business Partner and we will be in touch soon.
 
Closing Date
 
The credit union wishes to fill the role as soon as possible and we will be working to complete the recruitment process shortly. Applications will close on 7th May 2021