Midleton Credit Union Ltd

23/24 Main St, Midleton, Co. Cork


Position: Money Laundering Reporting Officer



Midleton Credit Union Limited is a key financial provider of saving and lending products to its members. With assets in excess of €90m, we are committed to improving the financial well-being of our members by developing a professional relationship that will help our members through every phase of their lives.

Reporting to the Board of Directors and the Chief Executive Officer, this full-time permanent position will be responsible for ensuring Midleton Credit Union complies with both domestic and European anti money laundering & counter terrorist financing legislation.
Experience in the credit union sector is desirable but not essential.  Relevant financial services experience would include working in an anti-money laundering role in a credit union, bank, finance company, insurance company, life assurance / pension companies, stockbroker, intermediary or other entity regulated by the Central Bank of Ireland.

Key Deliverables

  • Develops, initiates, maintains, and revises policies, procedures of the Credit Union and its related activities to assure compliance with legal and regulatory obligations associated with Anti Money Laundering (AML).

  • To conduct an annual risk assessment relating to AML and incorporate conclusions into current policies and requirements.

  • Manages day-to-day operation of the MLRO function, including agreeing with management remediation plans for all incidences of non-compliance with policy/procedure and follow up implementation on a timely basis.

  • Identifies potential areas of AML vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.

  • Develops a regular monitoring procedures and practices to assess the adequacy and effectiveness of AML internal systems of control and measures implemented by the Credit Union.

  • Develop an effective training programs, including appropriate introductions to new officers as well as ongoing training for all officers of the Credit Union.

  • Prepare reports on a regular basis, to the Directors and the Chief Executive Officer, on anti-money laundering matters.

The successful candidate should have:

  • Experience and qualifications relevant to the role (i.e. LCOI / CUC / Legal / Accounting qualification, etc.)

  • A minimum of two years working in a similar role within an entity regulated by the Central Bank of Ireland

  • Knowledge and understanding of AML/CFT regulatory environment governing credit unions

  • Computer literacy and excellent analytical and report writing skills.

Salary will be competitive and commensurate with qualifications and experience.

This position is a controlled function within the Central Bank of Ireland’s fitness and probity regime.
Canvassing will disqualify. Midleton Credit Union is an equal opportunities employer.

Please forward, cover letter and CV in confidence quoting reference MCUAML1 preferably by email, to  info@midletoncu.ie  or by post to arrive on or before 30 April 2019.

Our Recruitment Privacy Notice is available on our website or you can request a copy from our Midleton office.