Compliance Officer – Temporary Contract recruitment
Overview
Job Title:
Compliance Officer - Bank of America Merrill Lynch
Internal Title Level
Assistant Vice President
Location
Central Park, Leopardstown, Dublin 18
Duration
6 months
Bank of America Overview
Bank of America is one of the world's largest financial institutions, with business lines including capital markets, consumer and corporate lending, fund management and private wealth management. It has over 367,000 employees, with offices in 46 countries and clients in more than 150 countries.
In Ireland, Bank of America employs approximately 1,500 employees across 3 locations in Dublin and Carrick-on-Shannon.
Role Overview
The role will primarily focus on Compliance activities for Merrill Lynch International Bank Limited ("MLIB") based in Central Park in Dublin. MLIB's two principal lines of business include global markets and global wealth and investment management. MLIB is regulated by the Central Bank of Ireland and has nine branches in Europe, Asia and Canada and subsidiaries in the UK and Switzerland.
Job Description
Assist in the delivery of the Bank of America Global Compliance Programme within Ireland
Policies and Procedures
· Maintain Compliance AML related policies and procedures, required for local regulatory requirements, with regular updating and communication of changes to staff
· Participate in the review of Enterprise and Line of Business policies and advise on any potential conflict with Irish law or regulation
Controls and Supervision
Maintain a record of outstanding compliance issues with deadlines and responsibility for resolution.
Regulatory Oversight
· Participate in the maintenance of an inventory of applicable country specific rules relating to Compliance and AML
· Assist in reviewing and assessing new and proposed changes in Central Bank of Ireland regulatory and EU regulatory codes. Devising new procedures/policies for these new codes as required.
· Assist in the communication with the regulatory relations team, and the Local Management Team as appropriate.
Monitoring
· Participate in updating and completing the local compliance monitoring programme.
Training and Awareness
· Ensure local compliance requirements are identified and addressed.
· Support the delivery of enterprise-wide as well as local training and new associate on boarding
· Foster ongoing and open communication with country management, associates and division compliance associates.
Reporting
· Assist in the regular internal reporting of legal entity and country activity in accordance with agreed timescales and formats.
Commitment and Accountability
Participate, as required, in internal investigations and ensure they are appropriately addressed
Requirements
Specific Skills or Competencies
Required:
· Educated to degree level of equivalent
· Experience of having worked in an International Banking Environment
· Prior experience of working within a compliance function
· ACOI Qualification (desirable)
· Excellent communication skills (both oral and written)