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Business Control Specialist, US Operations, Corporate and Markets

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We know that sometimes people can be put off applying for a job if they think they can't tick every box, but if you are excited about this opportunity and think you can do most of what we are looking for, then go ahead and apply. You could be exactly what we need!

Ways of Working

At Bank of Ireland we are changing.  We are committed to enabling our colleagues to thrive and offer agile ways of working to maximise choice and flexibility in how we work and live. Varying degrees of optionality apply depending on the role.  For more detailed information on this role, please contact us, or let us know your preferred working arrangements when you apply.

Inclusion & Diversity

At the heart of our purpose is our commitment to Inclusion & Diversity: To foster an inclusive working environment where all colleagues are enabled to reach their full potential. We are working to develop a more inclusive and diverse environment, supported by the development of our Employee Support Networks.

Business Control Specialist, US Operations, Corporate and Markets

United States | Permanent | Full time

Business Control Specialist, US Operations, Corporate and Markets

  • United States
  • Full time
  • Closing on: Jan 27 2022

Description of business unit

BOI has developed an international niche market in the financial sector areas of portfolio management and acquisition finance in Ireland, UK and the U.S., supported by the sale of treasury products to commercial customers. It is critical that methods and procedures be developed, implemented and operated in a manner consistent with BOI's newly enhanced enterprise-wide Risk and Compliance Program ('the Program'). The Program imposes internal governance and controls. Under the Program's risk-based system, all BOI business units are required to manage the on-boarding of their customers with a heightened awareness of key risk indicators. Staff is required to scrutinize the underlying documents that support an account's opening against these key risk indicators to meet the expectations of several sets of bank regulators and auditors. This role requires developing knowledge of the Group's requirements, as well as the business unit's governance and control structure to allow the U.S. Branch to understand the "why" behind the "how" to apply risk indicators, as well as readily keep abreast of any changes in workflows or requirements. As this role is an integral part of the US Branch operations, it will require:

Working closely with Group Compliance & Regulatory Risk ('GCRR') personnel,

Working closely with Treasury teams and US Leveraged Acquisition Finance, (US LAF) teams

Purpose of the Role

This role requires developing knowledge of the Group's requirements, as well as the business unit's governance and control structure to allow the U.S. Branch to understand the "why" behind the "how" to apply risk indicators, as well as readily keep abreast of any changes in workflows or requirements

Key Accountabilities

  • This position will be responsible for the following essential duties for Corporate Banking in the US in accordance with the Program protocols as well as BOI's governance and compliance structures:

  • Managing and ensuring database integrity for all US LAF customer accounts according to BOI policies and protocols

  • Liaising with units to aid the preparation of all account opening documentation (including Know Your Customer ('KYC'), Anti Money Launder ('AML'), Customer Due Diligence ('CDD')) pursuant to The Group's account opening policies and procedures, and practices

  • Managing and maintaining KYC/AML file for US LAF Customers including Foreign Correspondent Account Recordkeeping and CDD pursuant to global BOI methodologies

  • Ensuring files and processes meet all compliance obligations including review and update of the CB Business Partnership Agreement, policies and procedures amendments for legislative changes

  • Undertaking the role of stakeholder of operational files for CB Customers

  • Maintaining accurate, complete, and current documentation consistent with BOI protocols and controls

  • Ensuring accurate monthly reports are written and maintained

  • Identifying upcoming legislative changes, and developing end-to end procedures to implement these

  • Ensuring new risks identified during the on-boarding process are documented and risk rated according to industry wide standards, and further documented in the overall Risk & Control Program set out by GCRR

  • Supporting the roll out of additional GCRR policies and procedures

  • Assist with day to day operational functions of the US Branch

What is the opportunity

This is a great opportunity for a new graduate to come in and learn the essentials of the US operating model

Working at Bank of Ireland doesn't have to mean working in an office to have an impact. Our commitment to enabling colleagues to thrive means that depending on role type you can have choice and flexibility in where you work and live, subject to your role, customer needs and our requirements. We have a hybrid working model, with home, agile hub and office based options available. We will always list a primary location which can be where you go for in person collaboration, and a location where you can best perform your role.

Please note you must live in the jurisdiction for the business to which you are contracted.

This job can be done at our offices in Stamford Connecticut. Exact frequency with which you will be required attend the office to be agreed with line manager.

Applicants must have a valid US working visa.

Essential Qualifications

  • Bachelor's degree or equivalent

  • Strong PC skills are essential (MS Outlook, Word; Excel and PowerPoint)

  • Strong writing skills with an ability to summarize technical information and communicate significant changes to management and wider teams

  • Strong insight into internal systems with a proven track record in building out financial metrics for monitoring various controls

  • Ability to serve as a subject matter expert

  • Strong interpersonal skills with the ability to liaise confidentially and effectively with numerous units within the group

  • Proven track record in co-ordination and influencing across businesses

  • Organized approached to attention to detail

  • Ability to work on own initiative and to deliver continuous improvement

  • Highly organized and efficient with proven ability to deliver on time to multiple projects and to high-quality standards

Essential Skills & Experience

  • Strong organizational and analytical capabilities, the ability to work on own initiative as well as operate as part of team

  • Excellent verbal and written communication skills

  • Committed to customer satisfaction

  • Strong attention to detail is critical

  • Acts as a lead, co-ordinating the work of others for customer on-boarding and periodic reviews

  • Support others in selection of the correct approach from established procedures and practices

  • Ability to use own expertise to deal with complexity relating to processes / procedures, product knowledge or problem solving

Desirable Qualifications, Skills & Experience

Experience working in a global, financial environment is preferred

Key Competencies

  • Customer Focused - Self
  • Agile - Self
  • Accountable - Self
  • Manage Risk - Self
  • One Group, one team - Self

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.

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

Apply now

Our application form takes just minutes to complete. If you have any questions about our application, you can contact our recruitment team directly.

 

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