Compliance Manager - 3rd Party Risk

Bank of Ireland; Dublin; Hybrid; EUR 40,000 - 60,000; Full time

Job summary

A leading financial institution in Dublin is seeking a Compliance Manager to enhance third-party risk management. The role involves developing a compliance framework, ensuring legal adherence, and reporting to senior management. Ideal candidates will have significant experience in compliance and risk management within the financial sector. Strong analytical and communication skills are required, alongside a commitment to fostering a compliance-centric culture. This is a hybrid role requiring in-person collaboration.

Benefits

Reasonable accommodations during application process

Commitment to Inclusion & Diversity

Qualifications

• Significant experience in compliance and/or risk management within the Financial Services.
• Experience in conducting risk assessments and implementing mitigation strategies.
• Strong analytical skills and familiarity with compliance management systems.

Responsibilities

• Develop and implement the TPRM compliance Framework and Technical standards.
• Maintain and update compliance policies reflecting changes in regulatory standards.
• Report findings and remediation plans to senior executive management.

Skills

Compliance management

Risk assessment

Analytical skills

Communication

Interpersonal skills

Job description

We have an exciting opportunity for a Compliance Manager to work with a highly dynamic team in Third Party Risk Management (TPRM). This role is essential in ensuring that all third-party engagements have the requisite due diligence.

The Compliance Manager is responsible for coordinating and ensuring adherence to legal standards and internal policies. This role involves developing, implementing, and maintaining a comprehensive procurement compliance program that aligns with statutory and regulatory requirements.

In this role, you will;

• Support the Regulatory Compliance & Sustainability Lead in developing and implementing the TPRM compliance Framework and Technical standards in adherence to key regulatory requirements in Ireland, UK and EU including EBA Guidelines on Outsourcing, Digital Operational Resilience Act (DORA) and Prudential Regulation Authority standards.
• Support integration of ESG criteria and risk management into third-party onboarding, due diligence, and monitoring processes and ensure third-party compliance with Bank sustainability and ethical sourcing standards.
• Maintain and update compliance policies and procedures to reflect changes in regulatory policies and standards.
• Strategically partner with cross functional areas to drive continuous improvement in the Group's compliance posture.
• Coordinate and perform internal assessments of the operational effectiveness of compliance controls and procedures.
• Report and present findings, remediation plans and actionable insight to senior executive management.

What will make you stand out?

The successful candidate will have significant experience working within a compliance and/or risk management role in Third Party Risk Management within the Financial Services in Ireland or UK. You will have experience in conducting risk assessments to identify compliance vulnerabilities and implementing successful mitigation strategies to identified risks raised in compliance audits.

Extensive experience in developing and maintaining Third Party Risk Management compliance policies and procedures and creating and delivering training programs to educate employees on compliance requirements and foster a compliance-centric culture.

Strong analytical skills, the ability to interpret complex regulatory requirements and translate them into actionable policies and familiarity with compliance management systems and technology solutions that aid in monitoring and reporting compliance activities.

Strong communication and interpersonal skills, with the ability to influence and collaborate to senior executive level.

More about the team

Group Procurement & Partner Management (Group Procurement) is a Bank of Ireland Group-wide function that provides Strategic Sourcing, Category Management, Partner Relationship Management, Supplier Risk Management & Governance and Procurement Services & Transformation support to all Divisions and Business Units. Group Procurement is part of Group Technology & Customer Solutions.

Why work with us?

At the heart of our purpose is our commitment to Inclusion & Diversity:

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an in-clusive workplace which values and benefits from the diversity of our workforce, this is sup-ported by the development of our Employee Support Networks.

We offer reasonable accommodation at every stage of the application and interview process. If you require assistance, please contact [e-mail].

This is a hybrid role, based primarily at Baggot Plaza, 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.

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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.