AML Compliance Officer

Ballygall Credit Union Limited (est. 1967) is headquartered in Dublin 11, with three offices serving 17,000 members and managing assets of €66m.

Reporting to the CEO and Credit Union Board of Directors, the AML Compliance Officer will work closely across all functions within the Credit Union to ensure compliance with current legislation and best practice in anti-money laundering and counter-terrorist financing. In particular, the AML Compliance Officer (AMLCO) will:

• Identify and ensure the Credit Union complies with all statutory and regulatory obligations.
• Maintain a high level of expertise in legislation, regulation and best practice in the areas of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Financial Sanctions (FS).
• Receive and act on Suspicious Transaction Reports (STR) and report to the relevant authorities, where justified.
• Maintain AML/CFT records, including STRs, monitoring reports and audits/reviews.
• Ensure all directors, relevant committees, employees and volunteers receive AML/CFT training on an annual basis and retain training records.
• Report to the CEO and Board of Directors (as required) on the overall level of compliance with AML, CFT and FS regulations.
• Produce and present regulatory reports, as required.
• Liaise with the Central Bank of Ireland, the Revenue Commissioners, the Garda Siochana and other regulatory authorities and representative bodies on matters relating to AML/CFT.
• Assist and advise the CEO on discharging the responsibility for “implementing the proper systems of
• internal control which the board of directors have approved” as per S63A(4)(f) of the Credit Union Acts 1997-2012, including updates to AML/CFT policies and procedures.

The ideal candidate will have:·

• Experience in a compliance function and existing qualifications or working towards qualifications that are relevant to the AMLCO duties (e.g. ACOI Certificate / Diploma, CUC, QFA, CUA), with a commitment to complete further studies and training supported by the Credit Union.
• A minimum of 3 years’ experience in a similar role with an emphasis on AML/CFT and compliance in an entity regulated by the Central Bank of Ireland.
• Excellent communication skills, attention to detail and the ability to work independently,
• An understanding of the legislative and regulatory environment governing retail financial services.

Salary will be competitive and commensurate with experience and qualifications.

Ballygall Credit Union Limited is an Equal Opportunities Employer.

Applicants will be shortlisted for interview. Canvassing will disqualify.

Ballygall Credit Union Limited is regulated by the Central Bank of Ireland.