Description of the Business Line or Department

Societe Generale Securities Services (SGSS) has been active in Ireland for 20 years and is a leading player in servicing Irish domiciled and offshore collective investment vehicles. We act locally as fund administrator and depositary for a wide range of international clients who manage schemes from UCITS to AIFs including private equity and real estate structures, hedge funds and special purpose vehicles.

Summary of the key purposes of the role

Reporting to the Fund Processing Services (FPS) Head of Operations with strong interactions with senior management and the Risk & Compliance department, the Investors KYC / AML Officer is responsible for, amongst other things:

performing KYC / AML checks on new investors
drafting Target Operating Model (TOM) and Standard Operating Procedure (SOP) for OMEGA project (Registration Team activities)
remediating existing investor files in line with SGSS periodic review policy
overseeing the legal and regulatory environment with specific focus on Anti Money Laundering (AML) Regulations / FATCA and their implementation within the Transfer Agency perimeter;
and, implementing and maintaining robust processes for the function covered.

Summary of responsibilities

Review of account opening documentation including analytical risk assessment for new investor accounts within agreed time frames
Pre-Validation of Risk Assessment form on behalf of the business
Support the Registration, Compliance and Risk team in the resolution of complex KYC/AML cases
Liaise with Compliance Officers of clients in case of escalation (MANCOs)
Periodically evaluate existing investors Risk according to established policies and procedures and liaise with MANCOs for validating high-risk client accounts
Performing negative media searches on Investor accounts
Investigating and reporting high-risk investors, including Politically Exposed Persons, collecting all the necessary documentation to complete the client file
Review and respond to KYC/AML related queries across all clients within agreed time frames
Run, review and update KYC/AML reports and provide these reports to Clients and Regulatory Authorities
Based on guidelines defined by CFT following the regulatory watch on new directives, laws and regulations related to KYC/AML, define how to implement those guidelines from an operational point of view
Provide explanations / training on regulatory requirements (to internal and external stakeholders)
Implement and keep up to date procedures that ensure the team is compliant with all KYC/AML and Financial Crimes prevention policies
Contribute to and prepare/discuss AML reviews as required by Compliance and by the business
Manage relationships and provide support to internal stakeholders; Transfer Agency & Compliance departments, Clients
Performing investigations where there are ML/CTF suspicions regarding investors and escalating findings clearly and concisely for internal review by Compliance & MLRO

Competencies

EXPERT COMPETENCIES

Very good knowledge in the following fields would constitute a definite asset for this role:

Local anti-money laundering laws, rules and regulations, in particular circulars and laws issued by Irish Regulator
Compliance, AML and data privacy experience or other related experience, e.g. legal, risk management, audit, GDPR etc.
General regulatory requirements and an ability to translate them into operational/process requirements
ISAE 3402/SSAE16/Long Form Report and other Audit experience (internal/external)
FATCA and CRS regulations