Transaction Monitoring - Senior Associate

Davy Group

The Davy Group is Ireland’s leading provider of wealth management, capital markets and financial advisory services. You can read more about our growing company here: www.davy.ie

We value our employees as much as our clients, and are committed to embracing diversity in all its forms recognising that the breadth of thought, perspective and experience that emerges from a diverse workforce is essential to deliver on our core values.

Our city centre location, free access to our onsite gym and fitness studio, and impressive social calendar are just some of the unique benefits our employees enjoy while working at Davy.

Performance related bonuses, generous pension contributions and investment in your further education demonstrate the value we place in developing and rewarding our staff.

Role Description

This is an exciting new opportunity in the 1st Line of Defence against financial crime. The successful candidate will join our transaction monitoring team to identify, assess and report suspicious transaction activity and to assess PEP and sanction risk.

Key Responsibilities

• Operating in the first line of defence as part of a team of AML professionals conducting ongoing surveillance and investigations on customer activities.

• Become expert in Davy systems to ensure all monitoring and screening activities are effectively documented in compliance with internal standards and regulatory expectations
  • Analyse customer transactions with reference to their risk profile and history to determine reasonable basis for potentially suspicious transactions
  • Assess screening alerts for political exposure and sanctions
  • Document alert assessments in line with procedures and escalate suspicious transactions and PEP/sanction alerts
  • Prepare first draft narratives for reporting to FIU and revenue

• Complete assessments in line with Davy standards
• Support colleagues in the second line of defence in responding to FIU and Revenue queries
• Assist in the development of AML procedures across the first line of defence

Requirements

• Bachelor’s degree in law, business, finance, or accounting preferred or Certified Anti-Money Laundering Specialist (CAMS) or similar Compliance diploma or accreditation
• 2+ years’ experience in transaction monitoring and screening for financial crimes preferably in an investment firm or other financial institution desirable
• Experience using Figaro, Filenet, Xplan desirable
• Knowledge of financial crime methods – smurfing, money in/out
• Good knowledge of the Criminal Justice Act obligations and CBI Guidelines relating to reporting of potentially suspicious activity
• Strong analytical skills with a strong attention to detail, and direct experience escalating high-risk issues to management
• Excellent oral and written communication skills
• Self- motivated with the ability to work in a small team

Davy is an equal opportunities employer and we are committed to fostering an inclusive workplace. We value diversity both in background and in experience. You might not meet all of the requirements outlined in the above job description, but we would still like to hear from you. We review all applications received.

Davy Group is a member of the Bank of Ireland Group