Head of Transaction Monitoring Compliance - Dublin

Date: 21-Sep-2022

Location: Dublin, IE

Company: Allied Irish Bank

Role: Head of Transaction Monitoring Compliance


Location: Molesworth Street, Dublin 2 (Hybrid Working)


This role is being offered on a Permanent basis.



The Risk Function is an independent, second line of defence function that monitors, controls and supports risk-taking activities across AIB.  The purpose of the Risk Function is to provide advice and guidance in relation to risk while providing independent oversight and reporting on AIB’s risk profile.


The Risk Function’s main objective is to ensure AIB has a robust risk management framework and culture in place to ensure risks are taken within the risk appetite set by the Board, in support of AIB’s customer franchise and social responsibility.  


The role is positioned within the Compliance and Assurance team where we guide and monitor the Bank's compliance with relevant laws, regulations, statutory obligations and Codes of Conduct. We perform independent reviews and objective assurance on the quality and effectiveness of the Bank’s internal control system, the first line of defence and risk governance policies and frameworks.


We’re looking for someone who can:


Lead a team responsible for executing all elements of the Group’s AML/CFT Transaction Monitoring processes and controls for the Group. This includes:

  • Development of TM strategy and Detection Scenario (DS) Roadmap based on outputs of Risk and coverage assessments.
  • Carrying out ongoing review and testing of existing DS performance as well as tuning exercises to optimise alert outputs and reduce false positive rates.
  • Executing Customer sanctions and PEP screening against relevant international lists using NetReveal and delivering outputs to 1LOD and 2LOD teams for investigation.
  • Designing, testing, tuning and delivering into production new DS as may be required on an ongoing basis to mitigate evolving risks of money laundering and terrorist financing across the Group.
  • Collation and provision of independent risk management reporting relating to TM and customer screening to senior management and Board.
  • Providing strategic oversight, check and challenge of all automated TM and customer screening activity carried out across the Group.
  • Leading and/or participating in regulatory examinations relating to Transaction Monitoring or customer screening.
  • Engaging with system vendor and internal stakeholders with regard to necessary system upgrade and development as may be required from time to time.
  • Supporting the MLRO in the management of the Financial Crime Compliance framework.
  • Developing, training and leading a team of SMEs to ensure that each have the requisite skills and experience to execute all core aspects of the Detection Scenario lifecycle processes.


Who are we?

We’re AIB. A strong Irish bank packed with purpose - to back our customers to achieve their dreams and ambitions. That goes for our employees too – everything starts with you. We’re made of small teams where you have the chance to shine, so whoever you are, whatever you dream of, we back you.

Why join us?

We are excited about how we have changed our focus. We want to be at the heart of our customers’ financial lives by giving them an exceptional experience. We are building a culture that breaks the conventions of what our customer and employees expect of a bank.


In AIB, we are currently transitioning to our Hybrid Model and teams who have been working remotely are now returning to the office 2 days per week.  We intend to progress our fuller hybrid working plans in the coming months, where onsite days are focused on purposeful attendance, prioritising time to collaborate, connecting with our teams and wider colleagues.

Does this sound like something that you want to be part of?


You will need to show us that you can/have:


  1. Have a proven understanding and experience of designing and implementing of Transaction Monitoring Detection Scenarios in a banking environment. Detailed knowledge of Detica NetReveal Scenario Manager, KYC and WLM, SQL and SAS is essential.
  2. Have a proven experience of AML/CFT, Financial Crime and Compliance Risk Management in a Banking environment and associated risks, clear understanding and knowledge of risk management methodologies.
  3. Have a minimum of eight years’ experience in a financial services environment, preferably in an AML/CFT, Compliance or 1LOD Financial Crime role with proven experience in leading a team of banking professionals
  4. Have a proven experience in managing relationships with business stakeholders.
  5. Strong written and verbal communication skills; at ease communicating and presenting to senior management.



If you feel you have what it takes, click apply and fill in the online application form. If you would like more information the Talent Acquisition Team can help. You can contact by email careers@aib.ie.


By when?  Closing date is Tuesday, 4th October 2022

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