At Bank of Ireland UK, our purpose is to be the leading partnership bank, providing simple, flexible, accessible financial services and products to UK customers, both directly and through partnerships with trusted, respected UK brands and intermediaries. We partner with two of the most trusted brands in the UK, the Post Office and the AA, and these partnerships have enabled us to widen our propositions and products, strengthen our relationships with existing customers as well as attract new ones. In Northern Ireland, we operate a full service retail and commercial branch network with 28 branches. Our successful Bank of Ireland for Intermediaries mortgage business has established strong partnerships with some of the largest mortgage intermediary networks in the UK. We also have a very successful car and asset finance business, which operates in Northern Ireland and Great Britain, under the Northridge Finance brand. Our successful approach to partnership is helping to make us to be distinctive in the marketplace, and challenge the big UK retail banks, by offering consumers a genuine and accessible alternative that they can trust.
Description of business unit
BOI UK Operational Risk & Financial Crime is responsible for designing, implementing and maintaining an Operational Risk & Financial Crime Risk Management Framework, policies, standards and processes in line with Bank of Ireland Group across the UK business units to ensure operational risks, including Anti Money Laundering risks, are identified, measured, mitigated, reported and managed effectively and to an acceptable level. The team operates as a "second line of defence" within the three lines of defence model, setting common standards, tools and methodologies for Operational and Financial Crime risks across the UK and providing quality advice and guidance to the business.
Purpose of the Role
You will be working as part of a team responsible for developing AML, CTF & Sanctions risk frameworks, management tools and methodologies. You will also be managing a small team so previous people management experience is beneficial. This is a key role within the department requiring strong AML knowledge and good communication skills.
- Provide guidance and answer first line of defence risk queries in respect of high risk businesses and other AML queries
- Review and approval of new and existing high risk customer on behalf of MLRO for Business Banking NI & GB, Corporate Banking UK, Global Markets and FCS
- SME guidance on completing enhanced due diligence at onboarding and ongoing stages
- SME guidance on complex structures, Trade Finance deals and bank note trading counterparties
- SME guidance on Sanctions compliance i.e. potential dual use goods, sanctioned jurisdictions and sectors
- Support the Head of AML, CTF & Sanctions in developing and enhancing the UK AML, Sanctions & CTF Risk Frameworks in line with Bank of Ireland Group
Essential Skills & Experience
- Demonstrable risk management experience with particular knowledge and expertise of AML/CTF/Sanctions
- Strong knowledge of the regulatory environment and key AML and anti-terrorism legislation/ standards
- Experience in managing High Risk customers, including PEPs
- Ability to provide intellectual rigor to risk assessment, development of business solutions and decision making.
- Strong business knowledge of risk frameworks, processes, products and systems
- Financial and analytical acumen with the ability to manage an extremely broad and diverse agenda.
- Minimum of 5 GCSEs A- C grades including Maths and English
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