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Irish League of Credit Unions

Senior Compliance Advisor

 

Reporting to: Senior Compliance Manager, ILCU Compliance Connect
 
Location: (Hybrid - Dublin) Based in the Republic of Ireland with potential for some infrequent travel. Weekly team meetings in the ILCU offices (ROI or NI) as agreed with the Senior Compliance Manager Compliance Connect.
 

Role Purpose

This role presents an individual with an exciting opportunity to work in a growing compliance service within an established and reputable trade and representative body for the Irish credit union sector. The Senior Compliance Advisor for Compliance Connect will work within the Compliance Connect service of the Irish League of Credit Unions. The role holder will be responsible for advising credit unions primarily in the Republic of Ireland on compliance-related matters. The role will act as a central point of contact for Compliance Officers as well as assist in the coordination of various compliance supports. A key element of the role is to provide a professional and timely service that supports Compliance Officers in implementing and delivering compliance plans, statements, and policies.

Key Responsibilities

  • Regulatory Expertise: Stay abreast of all regulatory changes affecting credit unions in the Republic of Ireland, including but not limited to financial services, anti-money laundering (AML), data protection, and consumer protection regulations.

  • Compliance Support: Provide high-quality and accurate compliance advice to credit unions to support the implementation of an appropriate compliance programme. Develop guidance documents, compliance policies, templates, plans, and support tools to assist credit unions in creating stronger regulatory and compliance frameworks.

  • Advisory & Support Services: Offer expert advice on compliance matters, regulatory submissions, and reporting obligations. Assist credit unions in the development of compliance frameworks that are robust, scalable, and effective.

  • Stakeholder Engagement: Act as the primary liaison between Compliance Connect and credit unions, regulatory bodies, and other stakeholders. Foster strong relationships to ensure open communication and collaboration.

  • Networking and Events: Facilitate Compliance Forums and other opportunities for credit unions to discuss challenges and opportunities in keeping up with current and upstream regulatory and legislative changes. Provide guidance and advice through webinars, podcasts, and other events. Mentor new compliance officers by assisting them through education, support, and direction.

  • Bespoke Compliance Reviews: Conduct tailored compliance reviews to ensure credit union adherence to regulatory requirements, identifying gaps and recommending corrective actions.

  • Reporting: Provide comprehensive reports to the Senior Compliance Manager Compliance Connect on the compliance status, issues, and developments within the credit union sector.

  • Management of Direct Reports: Convene regular meetings with staff, supervise their work, ensure their training and development, carry out performance management, and monitor and administer leave and working hours.

  • Participation in Events: Participate and present at Compliance Connect events and related promotional events (e.g., conferences, regional meetings, and regulatory events) as required by the Senior Compliance Manager Compliance Connect.

  • Development of Documentation: Develop, maintain, and disseminate compliance template policies, procedures, and other relevant documentation to credit unions. Liaise with the Compliance Connect webmaster to ensure all compliance areas of the website are maintained.

  • Support and Research: Research upstream compliance requirements for credit unions in both jurisdictions. Communicate these in the form of concise, tailored regulatory updates.

  • Professional Development: Engage in ongoing professional development to maintain and enhance competencies necessary to perform the role and maintain any professional designations (if applicable).

 

​Role Requirements

Qualifications:
  • A relevant third-level qualification in, legal, compliance, risk management, business, or financial services
  • A recognized compliance qualification or working towards one is highly desirable
Experience:
  • A minimum of 4 years' experience in a compliance role within the financial services industry
  • Specific experience in the credit union sector or a closely related field preferable
Knowledge: 
  • Extensive knowledge of the regulatory environment and compliance requirements for credit unions in the Republic of Ireland.
  • Familiarity with UK and EU financial regulations is a plus
Skills:
  • Excellent research and writing skills
  • Strong communication skills and attention to detail
  • Excellent relationship management and teamwork skills
  • Proficient in Microsoft Word, Outlook, PowerPoint, and Excel 
Characteristics:
  • Proactive
  • Self-motivated, and able to work independently as well as part of a team.
  • Strong ethical standards and a commitment to integrity.
Compensation
  • A competitive salary and benefits package will be offered commensurate with relevant experience and qualifications.

How to Apply:

Please use the link below to submit your CV and a cover letter detailing your experience and how you meet the qualifications for this role.
https://irish-league-of-credit-unions.hirehive.com/senior-compliance-advisor-dublin-59NJsO
 
Confidential enquiries to rbrunton@creditunion.ie
 
The closing date for applications is 4pm Friday 21st June 2024

 

The Irish League of Credit Unions is an equal opportunities employer.