Associate Director – MLRO

Waystone; Dublin; On-site; EUR 120,000 - 180,000; Full time

Job summary

Waystone is seeking an Associate Director – AML Officer Services to oversee AML policy implementation and officer services across funds. You will coach the AMLCO team, oversee annual deliverables, and maintain high standards of regulatory compliance for multiple clients.

Ideal candidates bring around a decade in financial services AML, strong analytical ability, and proven capability to collaborate with senior management and boards.

Qualifications

• Must have strong knowledge of AML regulations across funds
• Experience in compliance monitoring and reporting
• Effective communication with senior management and boards

Responsibilities

• Lead AML Officer Services for select clients
• Draft and update AML policies and procedures
• Train and guide AMLCO team for quality service
• Plan and track annual team deliverables
• Manage client relationships and regulatory interactions
• Identify growth and efficiency opportunities

Skills

AML compliance

Attention to detail

Analytical skills

Communication skills

Time management

Ownership

Initiative

Independent work

Education

University degree in law, business or regulation

AML/ACOI qualification desirable

Job description

About Waystone

Waystone is a leading asset‑servicing solutions provider of institutional governance, administration, risk and compliance services to financial institutions. With over 25 years’ experience and a comprehensive range of specialist services to its name, Waystone helps our clients structure, operate and grow through our expertise, innovation and digitisation, backed by the operational scale to support global expansion.

Reporting to the Head of MLRO Services, the Associate Director– AML Officer Services will be an integral part of the team’s success.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Undertake AML Officer Services on behalf of certain clients and ensure the respective AML policies at fund level are implemented.
• Draft and/or update policies and procedures for the AML Officer Services (“AMLCO”) team.
• Guide and train the AMLCO team to allow for a cohesive team that fosters growth and learning, with a key focus on quality of service.
• Plan and track annual deliverables for the team.
• Ensure team is on target to meet deliverables.
• Along with wider group manage client relationships.
• Assist in the identification, review and reporting of relevant Compliance KPIs for management.
• Support with regulatory interaction and correspondence.
• Identify opportunities for growth and efficiencies in the team.

REQUIREMENTS

• Ensure the fund/investment entity has adequate procedures in place to comply with all aspects of the applicable AML regulations.
• Regularly request and review reports from the fund administrator and/or the fund’s investment manager as regards Money Laundering and Terrorist Financing Risks, as applicable.
• Receive and investigate internal suspicious activity reports (“SARs”) and where deemed necessary, report SARs to the appropriate reporting authorities. Report on Anti‑Money Laundering and Anti‑Terrorist Financing to the fund board/governing body at its scheduled meetings.
• Conduct an annual review of the fund administrator’s and/or investment manager’s Anti‑Money Laundering and Anti‑Terrorist Financing procedures and controls, as applicable.
• Perform periodic testing to verify the Fund’s/Investment Entity’s compliance with applicable AML regulations.
• Attend calls/meetings to promote the offering to potential clients.
• Assist with the onboarding of new clients.
• Attend client due diligence meetings.
• Manage service to ensure deliverables are on target to be met throughout the year and at year end.
• Act as point of escalation for team.
• Manage team.

Experience

• Approximately 10 years’ experience, preferably in financial services/fund administration with exposure to AML compliance.
• Experience of compliance monitoring and reporting, preferably in a financial services environment.
• An understanding of Cayman, Irish and Bermuda AML legislation, preferably in the context of funds is desirable.
• Consistent attention to detail.
• Strong analytical skills.
• Ability to communicate effectively and professionally with colleagues at all levels, in particular, at senior management and board level.
• Willingness to take on new challenges and ownership.
• Ability to use initiative and contribute to continuous improvement.
• Ability to work independently and to manage time priorities and workload efficiently.

Education

• University degree preferably specialising in law, business or regulation.
• Professional qualification (such as ACOI, AML qualification) desirable but not required.