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Compliance Officer

Deel

Deel

Software Engineering, Legal
Ireland
Posted on Thursday, June 6, 2024

Who we are is what we do.

Deel and our family of growing companies are made up of global teams dedicated to helping businesses hire anyone, anywhere, easily.

The team comprises over three thousand self-driven individuals spanning over 100 countries, and our unified yet diverse culture keeps us continually learning and innovating the platform and products for customers.

Companies should be able to hire the best talent anywhere in the world, so we are building the best platform to make that a reality. Our market-leading technology, expertise, and global team are crucial to the platform’s success. We deliver the best products and features in our space, enabling millions of jobs worldwide and connecting the global workforce with the best companies and opportunities.

Why should you be part of our success story?

A 30-mile hiring radius should no longer dictate how companies hire because exceptional talent lives everywhere. Deel sees a world without hiring borders and endless talent that pairs perfect candidates with great companies.

We offer global teams all the tools they need to hire, onboard, manage, pay, and scale at full speed. We aim to foster a diverse global economy by building a generational platform that seamlessly connects companies with talent worldwide.

After our successful Series D in 2021, we raised another $50M in 2023, doubling our valuation to $12B. There’s never been a more exciting time to join Deel — the international payroll and compliance market leader.

Compliance Officer, Ireland

Responsibilities:

  • Act as the local appointed Head of Compliance (PCF-12) and Head of AML/CFT Legislation Compliance (PCF-52) for the licensed Electronic Money Institution (EMI) in Ireland.

  • Maintain a comprehensive understanding of regulatory requirements related to the Central Bank of Ireland (CBI) and the European Central Bank (ECB), with a focus on AML/CTF compliance for payment services.

  • Develop, implement, and monitor AML and KYC programs in compliance with EMI regulations.

  • Ensure the implementation and continuous improvement of compliance policies and procedures within the organisation to adhere to regulatory standards in Ireland and the EU.

  • Review and update all relevant disclosure documentation to ensure regulatory compliance.

  • Serve as the key point of contact with local regulators, including the Central Bank of Ireland (CBI).

  • Undertake and implement required reporting to authorities, including annual audits, client money reports, and AML/CTF reporting.

  • Collaborate with local corporate auditors as required.

  • Maintain and review required insurances and other mandatory items for EMI requirements.

  • Conduct periodic updates/reviews of all policies to ensure ongoing compliance.

  • Provide reports for board and compliance committee meetings.

  • Provide training and guidance to staff on compliance matters, including regulatory updates and best practices.

  • Execute KYC, KYB, Enhanced Due Diligence, and other payment-related compliance reviews to safeguard customers, partners, and the business, and assist with other markets as required.

  • Develop procedures and controls to prevent, detect, and mitigate financial crime risks.

  • Assist with investigations of potentially suspicious clients, users, and partners.

  • Participate in the development and enhancement of anti-fraud and anti-money laundering systems, tools, and technologies to improve detection capabilities and operational efficiency.

  • Coordinate with internal cross-functional teams including Compliance, Risk Management, and Legal on customer requests or issues.

Qualifications:

  • 5+ years' experience in the financial services sector, with significant compliance experience.

  • Fintech/payments experience is highly regarded.

  • Previous senior compliance managerial role within the financial/payments sector, with some holding previous PCF roles.

  • Demonstrated experience with the business model of the proposing firm or a similar entity.

  • Expertise in developing, implementing, and maintaining compliance and AML/CFT policies, procedures, compliance monitoring programs, and standards in accordance with applicable regulatory requirements.

  • Experience managing and overseeing the compliance function, including transaction monitoring, KYC/AML of newly onboarded customers, and AML/CFT risk assessments.

  • Proven track record of maintaining compliance functions in line with regulatory requirements and industry best practices.

  • Experience reporting to executive level committees and/or board of directors on compliance and AML/CFT related matters.

  • Acting as the principal point of contact for compliance and AML/CFT reporting, and managing and monitoring team members.

  • Developing relationships with the Central Bank of Ireland and acting as the first point of contact with regulatory and law enforcement bodies.

  • Preparing and presenting regulatory reports, annual compliance, and AML/CFT compliance testing and remediation reports to senior management and the board of directors.

  • Managing the compliance and AML/CFT compliance monitoring and testing program in accordance with regulatory expectations and best practices.

  • Liaising with the risk function and first line functions to implement robust processes and oversee compliance controls/systems.

  • Performing/overseeing day-to-day compliance managerial tasks including maintaining up-to-date compliance and AML/CFT related policies, procedures and standards, mapping of compliance and AML/CFT business processes, staying current on issues affecting the entity, clearly communicating with staff, senior management, and the board of directors, implementing compliance updates as required by regulatory changes, managing open compliance and AML/CFT related issues, and providing compliance and AML/CFT related training, reporting, and driving a culture of compliance.

Education and Qualifications:

  • Tertiary qualification in Commerce/Business/Law or a related field.

  • Masters in relevant disciplines (including MSc in Compliance) is advantageous.

  • Professional certificates/qualifications in compliance, AML/CFT, risk management, finance, and/or fintech.

  • Certified as a Data Protection Officer and/or member of relevant professional bodies.

  • Relevant AML qualifications (ACAMS Certificate or equivalent).

Total Rewards

Our workforce deserves fair and competitive pay that meets them where they are. With scalable benefits, rewards, and perks, our total rewards programs reflect our commitment to inclusivity and access for all.

Some things you’ll enjoy

  • Provided computer equipment tailored to your role

  • Stock grant opportunities dependent on your role, employment status and location

  • Additional perks and benefits based on your employment status and country

  • The flexibility of remote work, including WeWork access where available

At Deel, we’re an equal-opportunity employer that values diversity and positively encourage applications from suitably qualified and eligible candidates regardless of race, religion, sex, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, pregnancy or maternity or other applicable legally protected characteristics.

Unless otherwise agreed, we will communicate with job applicants using Deel-specific emails, which include @deel.com and other acquired company emails like @payspace.com and @paygroup.com. You can view the most up-to-date job listings at Deel by visiting our careers page.