Senior Associate - MLRO

About the role

Waystone is seeking a dedicated and experienced Senior Associate to join our team as a Money Laundering Reporting Officer (MLRO). This role is located in Cashel, Tipperary, and involves overseeing compliance with anti-money laundering (AML) regulations and ensuring that our organization adheres to the highest standards of financial integrity. The successful candidate will play a crucial part in safeguarding our clients and the firm by implementing AML policies and procedures.

Key facts

What you'll do

• Lead the development, implementation, and maintenance of the AML compliance framework, ensuring it aligns with regulatory requirements and industry best practices.
• Conduct thorough risk assessments to identify potential vulnerabilities in the organization's operations and develop strategies to mitigate these risks.
• Monitor and analyze transactions for suspicious activity, ensuring that all findings are documented and reported in accordance with legal obligations.
• Liaise with regulatory bodies and law enforcement agencies as necessary, providing timely and accurate information regarding AML matters.
• Provide training and guidance to staff on AML policies and procedures, fostering a culture of compliance throughout the organization.
• Prepare and submit reports to senior management and the board regarding AML compliance and any significant issues that arise.
• Collaborate with internal teams to ensure that customer due diligence (CDD) and enhanced due diligence (EDD) processes are effectively implemented.
• Stay abreast of changes in AML legislation and regulations, ensuring that the organization adapts its policies and procedures accordingly.
• Assist in the development of internal audits and compliance reviews to assess the effectiveness of the AML program.
• Support the implementation of technology solutions that enhance the monitoring and reporting of suspicious activities.
• Engage in continuous professional development to maintain expertise in AML compliance and related fields.
• Participate in industry forums and networks to share best practices and stay informed about emerging trends in AML compliance.

Requirements

• A minimum of 3 years of experience in a compliance role, with a specific focus on anti-money laundering and financial crime prevention.
• Strong understanding of AML regulations and frameworks, including the Criminal Justice (Money Laundering and Terrorist Financing) Act.
• Proven experience in conducting risk assessments and developing compliance programs tailored to organizational needs.
• Excellent analytical skills with the ability to interpret complex data and identify patterns indicative of suspicious activity.
• Strong communication skills, both written and verbal, with the ability to convey complex information clearly to various stakeholders.
• Experience in preparing reports for regulatory bodies and senior management, demonstrating attention to detail and accuracy.

Nice to have

• Professional qualifications in compliance, such as ACAMS or ICA certifications, would be advantageous.
• Familiarity with compliance technology and software solutions used for monitoring and reporting purposes.
• Previous experience in a financial services environment or with a regulated entity is a plus.

Skills & tools

• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and compliance management software.
• Strong organizational skills with the ability to manage multiple projects and deadlines effectively.
• Ability to work independently and as part of a team, demonstrating flexibility and adaptability in a dynamic environment.

Practical notes

• The role is based in Cashel, Tipperary, and may require occasional travel for training or industry events.
• A competitive salary will be offered, commensurate with experience, alongside a comprehensive benefits package.
• Candidates requiring visa sponsorship are encouraged to apply, as Waystone is committed to attracting top talent from diverse backgrounds.

If you are a proactive and detail-oriented professional with a passion for compliance and a commitment to upholding the highest standards of integrity, we invite you to apply for the Senior Associate

MLRO position at Waystone. Join us in making a difference in the financial services industry by ensuring compliance and protecting our clients' interests.