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Compliance Manager

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Bank of Ireland

11d ago

  • Job
    Full-time
    Senior Level
  • Legal
    Banking & Finance
  • Dublin

AI generated summary

  • You need risk experience in Wealth & Insurance, knowledge of Risk Management Frameworks, strong relationship-building skills, compliance understanding, adaptability, and a relevant professional qualification.
  • You will provide 2LOD compliance support for RMF implementation, oversee governance, assess 1LOD activities, and ensure 2LOD representation in RMF working groups.

Requirements

  • - Excellent experience in a risk role ideally within the Wealth & Insurance sector
  • - A solid understanding of Risk Management Frameworks including use of associated risk tools and methodologies
  • - An ability to work across material risk types and to provide effective challenge, developing business solutions and decision-making
  • - An ethos of developing strong relationships and building credibility with senior management
  • - Knowledge of financial services sector, with a focus on the wealth or life assurance sectors
  • - Understanding compliance risk management and key controls
  • - Adapting to changing requirements and re-prioritise
  • - Pragmatically influencing a proportionate risk management approach
  • - Professional qualification (Legal, ACOI, QFA, RPA or other relevant discipline)

Responsibilities

  • Provide second line of defence (2LOD) Compliance Support in delivering New Ireland's RMF refresh end-state design and localisation of the group RMF estate, Including (2LOD) oversight and challenge of delivery
  • Ensure comprehensive management of governance aspects relating to RMF changes (to senior risk committees)
  • Assess and challenge the suitability and appropriateness of 1LOD RMF implementation activity as well as providing support and guidance
  • Ensure 2LOD representation at the RMF implementation working group

FAQs

What is the role of a Compliance Manager at New Ireland?

The Compliance Manager plays a key role in New Ireland's Compliance function, contributing to the implementation of the Risk Management Framework (RMF) and providing second line of defence Compliance Support.

What are the main responsibilities of this role?

The main responsibilities include providing 2LOD Compliance Support for RMF changes, ensuring management of governance aspects, assessing 1LOD RMF implementation, and representing 2LOD at the RMF implementation working group.

What qualifications are essential for this position?

A professional qualification is required, such as Legal, ACOI, QFA, RPA, or another relevant discipline.

What type of experience is preferred for applicants?

Preferred experience includes a background in a risk role within the Wealth & Insurance sector and a solid understanding of Risk Management Frameworks.

Is travel required for this role?

Yes, travel will be required for in-person collaboration, with the exact frequency to be agreed upon with the manager.

What does the hybrid role entail?

The hybrid role allows for work-from-home flexibility, with the primary office location in Dublin and the ability to work from anywhere in the Republic of Ireland.

What benefits does the Bank of Ireland offer?

Benefits include flexible working options, 23 days annual leave, excellent pension contributions, and various family support policies, including maternity leave and assistance for working parents.

How does the team ensure compliance risks are managed?

The Compliance function ensures that compliance risk-focused frameworks, policies, and processes are embedded across the business to effectively identify, measure, mitigate, report, and manage regulatory and conduct risks.

Is prior knowledge of the financial services sector necessary?

While knowledge of the financial services sector, particularly in wealth or life assurance, is beneficial, it is not mandatory to apply for the role.

What key competencies are emphasized for this position?

Key competencies include being customer-focused, accountable, championing transformation, managing risk, and being agile.

Bank of Ireland

Enabling our customers, colleagues and communities to thrive.

Finance
Industry
10,001+
Employees
1783
Founded Year

Mission & Purpose

Welcome to Bank of Ireland on LinkedIn. We're here to keep you up to date on our latest news and to provide useful information and guidance to support your financial needs. A leading Irish bank, we offer a wide range of financial products including savings, loans, mortgages and deposit accounts.