A leader in the payments industry, Elavon provides end-to-end payment processing solutions and services to more than one million merchants around the world. If you want to make a difference in your life, your community and your world, join us at Elavon. We know our company is only as strong as our people, and we are committed to your professional growth and success. Elavon is part of the U.S. Bank family, a diverse workplace, where we celebrate the individuality of each member of our global team.

Job Description

What is the purpose of this Role?

We are seeking to appoint a manager to enable EFS DAC to achieve and maintain full compliance with the Central Bank of Ireland’s Client Asset Regulation (CAR)as they come into effect for credit institutions effective January 2024. This highly motivated individual will support the business and the PCF 45 with the prescribed responsibility for CAR in executing the oversight of CAR compliance. The role holder will be responsible for all tasks listed below. This role will be located in Ireland and will be a CF2 controlled function as defined by the Central Bank Reform Act 2010 Regulations 2011.

Direct line reporting:

• GCT EU Business Manager with matrix reporting to the PCF45
  

Which jobs(s) and the number of staff reporting to this Role?

Fitness & Probity

This role is a CF2 ‘controlled function’ as defined by the Central Bank Reform Act 2010 Regulations 2011.

1. Accountabilities for your role - what are you expected to do?

• Subject matter expert (SME) on CAR providing support for projects and change to ensure compliance with the Central Bank of Ireland (CBoI) CAR Regulations.
• Acting as Secretary to the CAR Working Group
• Development and periodic review of the Client Asset Management Plan (CAMP).Identifying process enhancements to improve the CAR control framework.
• Supporting the execution and maintenance of Funds Facilities Agreements and Financial Instruments Facilities Agreements, ensuring annual reviews of each are completed.
• Leading reviews of arrangements with third parties for the depositing of client funds and client financial instruments
• Providing advice & support to the Control Owners for CAR rule mapping
• Maintaining breaches register in conjunction with Compliance and reviewing root cause analysis of any CAR breaches.
• Reviewing the CIMA regulatory report and reconciliations
• Reviewing CAR MI and suggesting enhancements as appropriate
• Developing & delivering CAR Training, including ongoing training to staff performing client asset reconciliations and calculations.
• Maintaining/organising regular review of key CAR documentation.
• Managing the annual client asset examination process
• Managing the annual client asset examination process
• Supporting SMEs, Managers, and the PCF45 with the management of the annual CAR audit process, including: receiving and responding to audit queries & reviewing data and information prior to submission to the auditor
• Assisting with interaction with the Regulator, including management of the regulatory return process.
• Deputising for the Head of Client Asset Oversight, as required.
• Escalation of issues.

2. Competencies for your Role - how are you expected to behave?

1. Agility and innovation

Adapt quickly to changing priorities; create new and better ways for the organization to be successful.

• Respond productively to changing priorities.
• Modify work activities to eliminate wasted effort and inefficiencies.
• Suggest creative ideas and innovative solutions.
• Stay briefed on Industry best practise to meet regulatory compliance
• Pay attention to industry trends and issues that impact work.
  

2. Collaboration

Build partnerships and promote a culture of teamwork to drive one U.S. Bank

• Make productive contributions to the team.
• Involve others when needed to accomplish individual and team goals.
• Seek guidance to meet the needs of multiple stakeholders.

3. Drive for results

Hold self and others accountable to consistently achieve meaningful results

• Take ownership as the CAR SME for ensuring compliance with CAR & Client asset regulations
• Set challenging goals and high standards for performance.
• Do what’s necessary to meet goals and deliver expected results.
• Take ownership of work and responsibility for actions.
• Stay focused on tasks despite disruptions or obstacles.

4. Talent development and engagement

Create a climate where people are motivated to help the organization achieve its objectives

• Communicate company strategy clearly.
  • Actively develop new skills.
  • Offer constructive ideas on how to achieve team goals and deliver results.

5. Risk

Appropriately identify and manage risks, in compliance with applicable laws, rules and regulations, and with Company Policy.

6. Ethics and Trust

Maintain high ethical standards; gain the confidence and trust of others through honesty, integrity and authenticity

• Follow policies and practices and adhere to the Code of Ethics and Business Conduct.
• Demonstrate our core values; show consistency between spoken words and actions.
• Be reliable and honour agreements and commitments.

3. Technical Competencies for your Role - what are you expected to know?

• 5 years plus of experience working in a CAR oversight function
• A strong technical understanding of CBoI CAR rules and the impact on business activity, auditor expectations and key areas of industry best practice.
• Experience of a multi-national company preferred.
• 3rd Level Financial Degree/ equivalent business experience
• MS Office proficient – intermediate / advanced Excel skills.
• Excellent communication and influencing skills
• Highly motivated and takes a proactive approach to problem solving.
• Takes ownership of areas of own responsibility and is totally delivery focused.
• Attention to detail at all times.
• Ability to work to competing deadlines, either independently or as part of a team
• Demonstrates initiative and is self-motivated
• Effective relationship management with internal and external stakeholders

4. Qualifications Required to perform your Role?

• Bachelor's degree or equivalent work experience.
• Minimum 5 years’ experience working in a senior CAR client assets oversight role.
• 5-10 years’ experience working in an organisation subject to the CAR regime.

5. Control Function Disclosure

This role is a CF2 ‘controlled function’ as defined by the Central Bank Reform Act 2010 Regulations 2011.

Elavon supports Equal Opportunity and is regulated by the Central Bank of Ireland.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

Benefits:

We offer an exciting, fast-paced and diverse working environment with employees of many different nationalities. We provide benefits to help you protect your health and financial security; and give you peace of mind. We also invest in your career growth with development resources that give you the opportunity to stretch and shine.

This is an Elavon posting. Elavon is a part of the U.S. Bank family.