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Risk & Compliance Analyst

Dublin / Ireland 24th Aug 2022

Join Team JTC where your contribution will be valued.

Purpose of Job

To act as a member of the Risk and Compliance function, supporting the Head of Risk & Compliance in maintaining a robust compliance culture throughout the business.

The primary focus for the successful candidate will be to support and further enhance the strong compliance and risk framework within the JTC Fund Solutions (Ireland) Limited:

  • Assist with the monitoring and checking of new business documentation in order to ensure that the required standard is upheld at all times;
  • Meeting and communicating effectively with members of staff at all levels in order to take forward action points arising;
  • Monitor and report effectively on key compliance and risk indicators;
  • Manage and mitigate risk through an independent programme of thematic reviews and quality assurance checking;
  • Employ a range of investigative techniques including file reviews, desk-based analysis and in-depth interviewing;
  • Contribute to the maintenance of the AML Manual and other key documentation and procedures;
  • Ensure accurate schedules of findings and key review documentation is maintained;
  • Promote awareness of regulatory principles and requirements on a day to day basis and contribute to the education of other members of staff in this regard;
  • Assist with the general functioning of the team;
  • Assist with monitoring industry developments and taking forward any action points arising;
  • Remain aware of the obligations for the reporting of unusual transactions;
  • Adhere to compliance and risk procedures in relation to regulatory requirements and AML legislation;
  • Maintenance of Risk, Compliance and AML registers;
  • Adhere to JTC Fund Solutions (Ireland) Limited’s core values and expected behaviours;
  • Any other duties as deemed necessary by Head of Compliance, Risk and AML;
  • Maintain a functioning and professional relationship at all times with external parties such as Auditors, Regulatory bodies, clients, intermediaries etc.
Main Responsibilities and Duties

In fulfilling the role described above, and having regard to JTC Group policies and practices, the role holder will have the following responsibilities and duties for Dublin:

IDENTIFY
  • Support the Head of Risk & Compliance in the development and timely Management of Compliance Monitoring, risk identification and mapped to associated controls, policies and procedures to assess and rate residual risks and determine mitigating actions including compliance monitoring actions.
  • Through monitoring and checking of new business documentation in order to ensure that the required standard is upheld at all time, identify opportunities for improvement and produce recommendations for amendments to policies and procedures to the Head of Risk & Compliance.
  • Assist with coordinating local AML and business risk assessments supporting the Head of Risk & Compliance.
MANAGE
  • Ensure that the Compliance Monitoring Programme remains aligned to the management of the key regulatory risks faced by JTC, periodically examining the scope of the CMP and making recommendations for amendment/improvement to the Head of Risk & Compliance.
  • Support the firm with recording and maintaining investor AML, updating associated registers and completion of ongoing monitoring.
  • Ensure all Complaints, Errors, Incidents and Breaches are recorded in a timely manner and fully remediated.
  • Support the Head of Risk and Compliance as necessary in the completion of any ad-hoc reviews or Internal Control Assurance Reports (e.g. ISAE3402).
MONITOR & DETECT
  • Execute the Compliance Monitoring Programme of ongoing and periodic ‘second line of defence’ assessments within agreed deadlines to provide assurance on the adherence to (and effectiveness of) operational performance, controls, policies, procedures and systems designed to mitigate and manage identified risks.
  • Adhere to good monitoring working practices by maintaining working papers demonstrating work undertaken, clearly communicating monitoring objectives, scope of testing and proposed timescales. Follow acceptable sample testing parameters and use a variety of testing approaches including interview, file review, data analysis, reviewing corporate documents and recorded conversations.
  • Agree monitoring findings with the relevant business areas and ensure the timely production and provision of monitoring reports, emerging risks, patterns and/or trends and make recommendations for management responses and/or corrective actions to ensure continued compliance, appropriate risk mitigation and/or alignment to JTC’s risk appetite.
  • Immediately escalate any serious incidents of identified non-compliance to the Head of Risk & Compliance for further action.
RESOLVE
  • Maintain an accurate schedule of CMP findings and remedial action points and ensure all relevant Committees and Boards receive clear reports on unresolved issues escalating overdue actions to the Head of Risk & Compliance to ensure the timely completion of all findings.
ADVISE
  • Proactively publicise, train or otherwise raise awareness of relevant regulatory obligations that are considered worthy of specific attention e.g. frequent CMP findings, new regulations, commonly misunderstood areas, industry benchmarking, lessons learnt etc.
REGULATORY RELATIONSHIP
  • Support the Head of Risk and Compliance in managing regulatory relationships through the timely provision of information to support regulatory submissions.
REQUIRED ACTIVITIES
  • Remain aware of the obligations for the reporting of unusual transactions externally.
  • Adhere to CPD requirements in accordance with qualification level and in-house procedures.
  • Develop self, and ensure knowledge in relevant field at all times.
  • Adhere to the JTC core values and expected behaviours.
  • Adhere to Risk & Compliance procedures in relation to regulatory requirements and AML legislation.
  • Any other duties as deemed necessary by Management under our regulated authorisation.
KEY RELATIONSHIPS – INTERNAL
  • Local Directors (and wider team)
  • Group Operations and Risk & Compliance teams (including fellow Compliance Officers)
KEY RELATIONSHIPS – EXTERNAL
  • Auditors
  • Regulatory bodies
  • Other industry professionals
Essential Requirements
  • Relevant experience in the Compliance function, ideally within the fund administration or other regulated financial services provider
  • Knowledge of the organisation and activity of a fund administration business
  • Familiar with legal and regulatory framework which applies to und administrators, as well as Irish and EU AML regulatory environment
  • Excellent research, analysis and reporting skills
  • Critical thinker with the ability to propose solutions
  • Detailed orientated with strong organisational skills and a structured approach to work
  • Self-motivated and driven with the ability to work on own initiative, prioritise work and meet deadlines
  • Experience in compliance audit, AML, risk assessment and process improvement
  • Ability to build and develop good working relationships with a range of stakeholders including clients, investors, and external service providers essential
  • Relevant third level qualification in a business related field an advantage
Conclusion

JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.

JTC’s culture places a strong focus on the development of its employees. We value our employees’ commitment to their career and encourage and support you if you wish to pursue a professional qualification as well as providing ongoing learning and development opportunities through our Academy and Gateway programmes. Our vision for the future is driven by an entrepreneurial and innovative spirit.

If you would like to join team JTC, where everyone is dedicated to continuously delivering a service beyond our clients’ expectations, please apply on line (applications will only be accepted if made through the online portal).