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NEWS: Derville Rowland, deputy governor of Ireland’s Central Bank, emerges as a favorite for AMLA executive role

ROLE: Derville Rowland (r) speaking at the meeting of EU finance ministers (Ecofi) in Budapest earlier this month. On the left is German federal finance ministry DDG and former FATF President Dr Marcus Pleyer.

By Paul O’Donoghue, Senior Correspondent

One of the most prominent figures in Ireland’s Central Bank is aiming to secure an executive role at Europe’s new AML Authority.

Derville Rowland, deputy governor of Ireland’s Central Bank, is expected to apply for one of the five positions.

The Irish Times reported that Ms Rowland has “recently made her ambitions clear” within the regulator and to several MEPs.

The publication reported that this included two Irish MEPs who sit on the European Parliament’s committee on economic and monetary affairs.

The committee may end up interviewing a shortlist of candidates that the European Commission draws up for the AMLA board.

The five positions on the AMLA board will be among the most prominent of any AML regulator in Europe.

They will receive a salary of approximately €22,000 per month and will report to the AMLA chair.

Full details of the Executive Board job postings, including further information on how to apply, are available here, with a September 27 application deadline.

Ms Rowland is one of the most prominent candidates who has been reported to be applying for an executive role and will be a favorite to secure one of the positions.

 She gave a comprehensive overview around how AMLA should operate earlier this year when she spoke at ‘European Anti-Financial Crime Summit 2024.’ 

A lawyer by training, Ms Rowland has worked at the Central Bank for two decades.

She is one of one of three deputy governors at the regulator, with responsibility for the areas of consumer and investor protection.

Ireland’s Central Bank declined to comment, while Ms Rowland could not be contacted.

AMLA, which is based in Frankfurt, will start operating from January. It will have 120 workers by the end of 2025, eventually reaching over 400 by 2027.

Recruitment for the role of AMLA chair is already well advanced. 

Interviews for the position ran through the summer, with a string of high-profile candidates understood to be interested.

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