First Line Risk Assurance Specialist, Individual Accountability Framework, HR, Dublin

Role: First Line Risk Assurance Specialist, Individual Accountability Framework, HR, Dublin

Location/Office Policy: Central Park, Leopardstown / Remote – 2 days in office

• Do you want to be a part of a forward-thinking team that strive for a healthy culture and effective governance?
• Are you a detail-oriented with the ability to organise and manage priorities as needed?
• Are your skills suited to stakeholder engagement with a lens on ensuring adherence to Regulatory requirements?

What is the Role:

1st Line Risk Assurance HR, Individual Accountability Framework

An opportunity now exists to join the Individual Accountability Oversight (IAO) team, within the HR Group Accountability and Performance. As a member of the team you will support the development, implementation and oversight of the Individual Accountability Framework and Fitness & Probity Regime.

The role holder will be accountable for supporting the team in ensuring ongoing compliance with the Regulatory Accountability Policy within HR, and managing robust processes to ensure Management Responsibility Maps and Statements of Responsibilities are kept up to date and accurate, whilst engaging with business areas to ensure their Reasonable Steps are maintained.   

The role will also involve extensive stakeholder engagement with 1st line business areas across the Group to ensure their ongoing adherence with the IAF regulations, along with engagement with 2nd & 3rd line as required.

What is the Individual Accountability Framework (IAF)?

The IAF is ultimately about incentivising positive behaviours and promoting an improved culture within regulated financial services firms while strengthening the Central Banks enforcement powers to more effectively hold individuals to account. The Act builds on the existing regulatory frameworks in terms of Conduct Standards and Fitness and Probity of individuals, while introducing the new Senior Executive Accountability Regime (SEAR).

The Central Bank of Ireland new Individual Accountability Framework (IAF) started to come into effect from December 2023. The Framework, which adds to the existing Fitness & Probity Regime, makes it clearer where accountability lies and what the expectations of each of us are. It covers how we are responsible for our own behaviour, actions and decisions and for trusting and empowering our colleagues to do the same.

There are four core components of IAF:

• New Conduct Standards: with the majority of these aligned with our Code of Conduct. For senior leadership, there are additional conduct standards, generally in line with already expected behaviours.
• Fitness & Probity Enhancements: including additional due diligence checks for Control Function Role holders, as well as an annual assessment and certification process.
• Senior Executive Accountability Regime (SEAR): further defining the senior executives responsible for the core bank activities.
• Clarity and Enhancement of the existing Central Bank powers, relating to investigations and sanctions.

Key accountabilities;

1. Maintaining HR centralised IAF lifecycle activities, including:
   • Management Responsibilities Maps
   • Statements of Responsibilities
   • Reasonable Steps
   • Management of trigger events (restructures, new joiners, resignations etc)
2. Supporting the Business in understanding IAF and helping them with any queries they may have.
3. Supporting extensive stakeholder engagement across the Group to ensure business owners have appropriate processes and controls in place to ensure adherence to Regulatory requirements including maintenance of their Reasonable Steps
4. Ensuring IAF life cycle procedures are operating as intended, with a strong emphasis on robust controls, evidence and continued adherence to relevant risk policies.
5. Management of the relationship and oversight activities associated with Third Party Management, ensuring compliance with relevant policies.
6. Develop a deep knowledge and understanding of IAF, Fitness and Probity, organisation design and business practises across the Group.

Minimum Criteria;

1. A highly-motivated self-starter with the ability to organise and manage priorities as needed.
2. Strong interpersonal skills, stakeholder management and communications skills, with the ability to build effective relationships.
3. Ability to work as part of a team and independently to deliver required result.
4. Experience in maintaining processes, ensuring appropriate risk and control frameworks are adhered to desirable.
5. Experience is working within 1st or 2nd Line risk assurance areas an advantage.

Why Work for AIB:

We are committed to offering our colleagues choice and flexibility in how we work and live and our hybrid working model enables our people to balance their time between working from home and their designated office, subject to their role, the needs of our customers and business requirements.

Some of our benefits include;

• Market leading Pension Scheme
• Healthcare Scheme
• Variable Pay
• Employee Assistance Programme
• Family leave options
• Two volunteer days per year

Please click here for further information about AIB’s PACT – Our Commitment to You.

Key Capabilities

Behavioural Capabilities:

•            Ensures Accountability

•            Streamlines & Simplify

•            Be Brave

•            Collaborates

Technical Capabilities:

•            Quality Control

•            Investigating and Reporting

If you are not sure about your suitability based on any aspects of the role advertised, we encourage you to please contact the Talent Acquisition team by emailing them at careers@aib.ie

for a conversation.

AIB is an equal opportunities employer, and we pride ourselves on being the first bank in Ireland to receive the Investors in Diversity Gold Standard accreditation from the Irish Centre for Diversity. We are committed to providing reasonable accommodations for applicants and employees. Should you have a reasonable accommodation request please email the Talent Acquisition team at  careers@aib.ie

Disclaimer:

Unsolicited CV’s sent to AIB by Recruitment Agencies will not be accepted for this position. AIB operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our recruitment partners.  

Application deadline: Tuesday 12th November 2024