AML Analyst – Quality Assurance (Testing & Monitoring)

AML Analyst/– Compliance Assurance/QA Testing and Monitoring

Office Location - North Dock One, 91/92 North Wall Quay, Dublin, D01 H7V7

Reporting: This role reports directly into the Pan EU Head, AML/Assurance Testing and Monitoring at Interactive Brokers Ireland Limited

Team overview

The Assurance Testing and Monitoring team sits within the broader AML team and reports to the Money Laundering Reporting Officer (MLRO). The team is responsible for: Performing independent (audit-style) testing activities in accordance with applicable IB group procedures/policy, and UK/EU AML legislation to assess the design and effectiveness of first and second line AML controls, producing reports on the effectiveness of the controls by  analysing metrics from test samples and validating appropriateness of remediation actions undertaken to address findings..

Responsibilities

• Implement, and execute compliance testing program for Anti-Money Laundering (AML) controls in the first and second lines of defence.
• Participate in the planning, execution, and reporting of compliance assurance reviews and regulatory issue validation.
• Perform qualitative, risk-based testing on first and second lines of defence by reviewing key Anti-Money Laundering/Financial crime control points from a population sample.
• Participate in preliminary discussions with applicable control owners and present initial test findings.
• Produce Reports (including ad hoc) for control owners and senior management based on initial findings and discussions, at the direction of the AML Assurance/QA Manager.
• Develop and prepare corrective action and management information reports for control owners.
• Conduct timely follow-ups on pending issues to ensure quick resolutions.
• Participate in the planning, execution and reporting of compliance assurance reviews.
• Carry out compliance and regulatory issue validation activities in accordance with the Assurance Testing Plan.
• Assist with the development and enhancement of the Assurance Testing Methodologies and Standards for testing, monitoring, and reporting.
• Utilize innovative compliance testing solutions including Data Analytics for value addition and reduce costs of compliance-related activities.

• Coordinate QA/Testing reviews under the guidance of the AML Assurance/QA Manager and Senior QA/Testing Analyst, following the Assurance Testing Plan.

• Assist in producing AML/Anti-financial crime Quality Assurance review metrics and distribute to stakeholders.
• Update and monitor issues identified for remediation using the various Compliance Tracking Tools.
• Intermediate knowledge in the usage of Oracle SQL to retrieve, filter, analyse, format and present information from Oracle databases for testing  and exception report monitoring.  

Experience

• At least 2+ years’ experience in Anti-Money Laundering compliance, preferably at a large broker or other financial institution with a European customer base, or an EU regulator.
• Experience in KYC/customer due diligence reviews, transaction monitoring, financial crime investigations and anti-fraud, will be required
• Audit experience within the financial sector will be beneficial
• A Bachelor’s degree in Law, Business, Finance, or Accounting preferred or Certified Anti-Money Laundering Specialist (CAMS) or similar ICA Diploma.
• Sound knowledge of European and UK regulations , European Directives and ability to be current on AML developments.

Skills and Competencies

• Excellent verbal and written communication skills.
• Self-motivated with the ability to work in a small team as well as independently.
• Proficiency in the usage of MS Excel, Word, Outlook and PowerPoint.
• Efficient when working with large data sets in excel or other proprietary databases.
• Strong attention to detail.

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