Senior Compliance Officer

(Senior Associate) Vice President | Compliance Officer| Permanent term | Cork office

Division
Clearstream Fund Centre, Cork Branch, Compliance

Clearstream is the innovative and trusted post-trade business for the global markets. Its segment Clearstream Fund Services delivers solutions for the entire fund ecosystem via its three key business lines:

Vestima as the world’s largest fund processing platform provides order execution, settlement and custody services for more than 230,000 funds, ensuring highest asset safety for over 55 fund markets worldwide.

Fund Centre, one of the leading European fund distribution platforms, connects international asset managers and fund houses with distribution partners, providing access to over 80,000 funds.

Kneip as one of the leading European fund data hubs provides premier fund data management and reporting solutions for the asset management industry.

Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.

Field of activity:

The Compliance Function works closely with the individual business units and group control functions to ensure compliance with local and international laws and regulations applicable to Deutsche Börse Group and its business activities. The Compliance Function has a proactive role in the identification of possible regulatory or reputational risks, including those that may arise in connection with new activities and products. Compliance Function works in collaboration with Group Compliance which is responsible for defining group-wide compliance minimum applicable requirements, supports their uniform application within the group entities, and provides centralised services to prevent money laundering and terrorist financing, international financial sanctions, other criminal offences, data protection, and the prevention of conflict of interests or market abuse.

CFCL Cork branch Compliance is a part of the CFCL Compliance team and working in collaboration with other Group entities.

Located in Cork, the Senior Compliance Officer contributes to the success of the overall Clearstream Compliance function embedded in a broader compliance approach across the Deutsche Börse Group and Clearstream Sub-Group. The Senior Compliance Officer will bring matter expertise on Anti Financial Crime and will contribute to the overall strengthening of Compliance activities and processes.

Your responsibilities:

- Maintain and improve the CFCL’s compliance framework
- Monitor the development of regulatory obligations and requirements in EU countries regarding the AML/CFT matters
- Ensure the compliance framework aligns with industry standards and regulatory requirements.
- Reviewing client profiles at on-boarding to ensure conformity to AML/KYC policy/ standards, producing client document requirements and due diligence analysis
- Performs regular and ad-hoc compliance-related reviews of client files
- Reviewing Fund acceptance at on-boarding to ensure conformity to AML/KYC policy/ standards, producing client document requirements and due diligence analysis
- Reviewing/ Supervision of alerts arising from the screening of databases against sanctions lists
- Overview of business/blocking rules and account stops handling
- Ensure prompt submission of draft SARs/STRs to relevant Compliance team
- Supporting business on incoming due diligence and advise on Compliance matters
- Develop training measures to raise staff awareness on AML/CTF and Fraud requirements and respective staff obligations
- Deliver the recurring training courses according to required frequency and track course completion
- Perform ad-hoc trainings for dedicated target groups on specific topics
- Provide ad hoc support for the business on various topics/escalations and support any industry initiatives such as Irish Funds Group.
- Support with the periodic reporting for inclusion in the Executive Board report, various internal committees and external stakeholders as needed
- Support with the CFCL Cork Branch Quarterly reporting
- KPI reporting for insourced activities
- Support for head of unit in the day-to-day team management and stepping in the role as needed to insure continuity

Your profile:

- University degree in law, finance or a relevant comparable qualification preferable.
- Detailed understanding of the funds industry.
- 5+ years experience in the Compliance (2nd line of defence) function or similar field (Audit, Control, Legal etc.).
- Knowledge in AML, KYC, Other Criminal Offences / Fraud, Prevention of Market abuse.
- Experience in managing senior stakeholders and operate in complex matrix organization, multicultural environment, in a multi-location setup.
- Strong organizational skills and ability to cope with tight deadlines and handle multiple priorities whilst being solution driven and client focused.
- Communication and negotiation skills, including ability to present complex matters in a clear and comprehensive way.
- Strong individual initiative, high level commitment and motivation.
- Excellent command of spoken and written English; French and German are a plus.

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