Regulatory Compliance Analyst, / Hybrid

Regulatory Compliance Analyst, Dublin / Hybrid

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Date: 23 Jun 2023

Location: Dublin, IE, IE

Company: Allied Irish Bank

Role Title: Regulatory Compliance Analyst – Capital Markets, Treasury and Protection Advisory, Group Compliance

Location: Molesworth Street/ Hybrid Working

This role is being offered on a permanent basis.

Are you interested in working on strategic and complex initiatives? Do you have experience in wholesale conduct risk and markets regulation?

Summary of role:

The Risk Function is an independent, second line of defence function that monitors, controls and supports risk-taking activities across AIB. The purpose of the Risk Function is to provide advice and guidance in relation to risk while providing independent oversight and reporting on AIB’s risk profile.

The Risk Function’s main objective is to ensure AIB has a robust risk management framework and culture in place to ensure risks are taken within the risk appetite set by the Board, in support of AIB’s customer franchise and social responsibility.

The role is positioned within the Compliance and Assurance team where we guide and monitor the Bank's compliance with relevant laws, regulations, statutory obligations and Codes of Conduct. We perform independent reviews and objective assurance on the quality and effectiveness of the Bank’s internal control system, the first line of defence and risk governance policies and frameworks.

The role is required to provide support to business units and internal stakeholders on wholesale conduct and markets regulation matters, including providing advice, critically assessing regulatory solutions and contributing towards project delivery. The role is key to our second line Compliance function with responsibility for Compliance engagement with Treasury, Capital Markets, Wealth Management, Risk teams and key business stakeholders. The Capital Markets, Treasury and Protection Advisory Team is responsible for providing advice, guidance and oversight in respect of conduct and regulatory compliance risk. Key areas of focus for the Team are ensuring a MiFID aware environment is in place, consumer and market conduct risk issues are correctly addressed and providing regulatory expertise for strategic and growth initiatives.

This is an exciting and challenging position with the opportunity to work on dynamic, strategic matters, whilst working closely with senior and specialist colleagues across the organisation.

We’re looking for someone who:

• Constructively engage with key business areas across Capital Markets, Treasury, Wealth Management and Risk, to ensure that business areas are aware of the impact of new and existing regulations and key developments in their regulatory environment.
• Ensure the application of MiFID regulatory requirements against Group products, services and activities.
• Assist with stakeholder management across the Group and its subsidiaries to ensure all compliance and conduct risks are identified, assessed and effectively managed / mitigated and all regulatory requirements are met.
• Identify wholesale conduct regulation risks and communicate these clearly and concisely to impacted business areas.
• Provide relevant, consistent and timely risk appropriate advice and support to the business.
• Contribute to the overall strategic direction of Compliance by supporting the Compliance senior management team.
• Provide relevant, consistent and timely risk appropriate advice and support to the business.
• Communicate complex regulatory themes on topics such as MiFID, Consumer Protection and Product Governance through advice to business units, policy development and internal governance.
• Critically evaluate solutions to regulatory challenges and provide robust, clear and professional advice.
• Support the delivery of business projects and represent Compliance Advisory as a regulation subject matter expert.
• Manage a variety of issues, respond to fast-paced deadlines and take responsibility for the ownership and completion of tasks to a high standard.
• Support and embed a strong risk culture at all times throughout the organisation.

Who are we?

• We’re AIB. A strong Irish bank packed with purpose - to back our customers to achieve their dreams and ambitions. That goes for our employees too – everything starts with you. We’re made of small teams where you have the chance to shine, so whoever you are, whatever you dream of, we back you.

Why join us?

• We are excited about how we have changed our focus. We want to be at the heart of our customers’ financial lives by giving them an exceptional experience. We are building a culture that breaks the conventions of what our customer and employees expect of a bank.
• In AIB, we are currently transitioning to our Hybrid Model and teams who have been working remotely are now returning to the office 2 days per week. We intend to progress our fuller hybrid working plans in the coming months, where onsite days are focused on purposeful attendance, prioritising time to collaborate, connecting with our teams and wider colleagues.

Does this sound like something that you want to be part of?

You will need to show us that you can/have:

• Have a minimum of four years compliance or regulatory experience within a Financial Services environment (Payments, Banking, Insurance, Capital Markets), as part of a Financial Services/Banking Institution, or in an advisory, transformation, change, law or business consulting capacity. Relevant Professional qualification would be advantageous.
• Technical knowledge in regulation, regulatory strategy and Financial Regulator rules and guidance procedures, existing and new, such as wholesale conduct regulation MiFID, MAR, EMIR, Client Assets Requirements, PRIIPS, product governance and consumer protection requirements.
• An understanding of aspects of current and upcoming regulation with an ability to review regulatory impact assessments on new and amending upstream regulation.
• Highly motivated, with a proven ability to work on own initiative within a challenging and dynamic work environment, with excellent communication skills (both spoken and written), interpersonal skills and people skills.
• Have a proven experience in managing relationships with business stakeholders and/or regulators.

If you feel you have what it takes, Click Apply and fill in the online application form. If you would like more information the Talent Acquisition Team can help. You can contact them via email careers@aib.ie.

By when? Closing date is 28th January 2024

Job Segment: Compliance, Recruiting, Risk Management, Law, Banking, Legal, Finance, Human Resources

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