Head of Compliance & MLRO, New Ireland Assurance

Posted 14 hours 39 minutes ago by Bank of Ireland

Permanent
Full Time
Academic Jobs
Dublin, Dublin, Ireland
Job Description
What is the opportunity?

This is an exciting opportunity to join New Ireland Assurance as Head of Compliance & Money Laundering Reporting Officer (MLRO), a senior leadership role with influence across the business and wider Bank of Ireland Group. Reporting to the Chief Risk Officer (CRO), you will lead the Compliance function, provide independent oversight and challenge, and help ensure strong customer outcomes, regulatory compliance and financial crime risk management. You will work closely with the Board, Executive teams, regulators and Group stakeholders, helping to shape the compliance agenda for one of Ireland's leading life insurance providers.

In this role, you will:
  • Lead and continue to enhance New Ireland's compliance, conduct risk, anti money laundering (AML) and counter terrorist financing (CFT) frameworks, ensuring they remain aligned to regulatory expectations and business priorities.
  • Deliver the annual Compliance Plan, including monitoring, assurance and thematic review activities, providing clear insight into emerging risks, findings and actions.
  • Provide independent oversight, advice and constructive challenge on regulatory compliance, conduct risk, customer outcomes, business initiatives, strategic change and remediation activities.
  • Act as MLRO and senior regulatory contact, leading regulatory engagement, financial crime compliance activities, horizon scanning and governance reporting.
  • Lead and develop experienced compliance professionals while supporting the embedding of the Risk Management Framework across New Ireland and the wider Group.
What will make you stand out?

You are an experienced and credible leader who can build trusted relationships while maintaining appropriate independence and challenge. You combine strong regulatory judgement with a practical and customer focused approach, helping businesses meet requirements while delivering positive outcomes.

You will have experience leading compliance, conduct risk, AML/CFT or broader risk management frameworks within a regulated financial services environment. You will also be comfortable engaging with Boards, Executive teams, regulators and senior stakeholders on complex matters.

Experience with the following will help you stand out but is not required to apply for this role:

  • Previous experience performing PCF12 and PCF52 responsibilities.
  • Experience within the insurance sector.
  • Knowledge of the Irish and European regulatory environment, including the Consumer Protection Code, Solvency II and the Individual Accountability Framework.
  • Understanding of the Bank of Ireland Group Risk Management Framework and New Ireland's products and operations.
Essential qualifications
  • A relevant academic or professional qualification in compliance, risk, legal, financial crime or a related discipline.
  • Capability to meet the Central Bank of Ireland Fitness and Probity requirements for PCF12 (Head of Compliance) and PCF52 (Head of Anti Money Laundering and Counter Terrorist Financing).
More about the team

New Ireland Assurance has been helping customers protect their financial futures for over 100 years. As part of the Bank of Ireland Group's Wealth & Insurance division, the business provides protection, investment and pension solutions through a broad distribution network across Ireland.

The Compliance team plays an important role in supporting sustainable business growth while maintaining a strong focus on customer outcomes, regulatory standards and financial crime prevention. Working closely with Risk, business leadership teams and Group functions, the team provides independent oversight and practical guidance that helps the business achieve its strategic goals.

This is a hybrid role, based primarily in Dublin. We typically ask colleagues to spend a minimum of 8 days per month working in person to support collaboration and connection. Specific arrangements will be confirmed by your recruiter to ensure they meet the needs of the role and team.

Why work with us

The Bank of Ireland company culture prioritises work life balance with a commitment to hybrid working, along with 25 days annual leave and excellent pension contributions.

We support flexible working arrangements and encourage colleagues to have meaningful conversations with their manager about balancing business requirements with individual needs.

Family can mean different things to different people; we offer 6 months paid maternity leave, an innovative fertility and surrogacy policy along with working parent and carer supports.

Your health and wellbeing is important to us; we offer a substantial health insurance contribution, Employee Assistance Programme, WebDoctor and financial wellbeing coaches.

We also encourage and support colleagues to pursue educational and professional qualifications to grow and enhance your career!

Key Competencies

  • Customer Focused - Leader
  • Better together - Leader
  • Be Decisive - Leader
  • Take Ownership - Leader
  • Manage Risk - Leader

We're on a continuous journey to build an inclusive and diverse workplace. We welcome applications from people of all backgrounds, lived experience, abilities and perspectives. We provide reasonable accommodations at every stage of our recruitment process for disabilities, neurodivergence or medical conditions. If you require an accommodation please complete this form and one of our recruitment team members will be in touch via email.Any information provided will be treated as confidential within the recruitment team and used only for the purpose of determining and providing appropriate accommodations for the application and recruitment process.

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.