Our client, a start up payments company is seeking to recruit a AML and Due Diligence Specialist who will support the Money Laundering Reporting Officer (MLRO) in ensuring compliance with Malta’s Prevention of Money Laundering and Funding of Terrorism regulations (PMLFTR) and the FIAU Implementing Procedures, as well as respective EU regulations.
They selected candidate will handle due diligence during the onboarding stage, periodic client reviews, support tasks related to the transaction monitoring, and internal reporting to mitigate financial crime risks within the payment institution.
Duties include:
Perform onboarding checks for corporate clients in line with risk-based approach.
- Conduct enhanced due diligence (EDD) for high-risk clients (such as PEPs, etc.).
- Verify beneficial ownership and source of funds/wealth documentation
- Conduct periodic reviews of client files in accordance with internal AML/KYC policies and
- procedures.
- Review, update, and maintain client documentation to ensure its accuracy, completeness, and validity.
- Maintain and update customer risk profiles, including reassessment of risk classifications where necessary
- Investigate red-flagged transactions and escalate findings to the MLRO.
- Prepare internal suspicious activity reports (STRs) for a review to the MLRO
- Maintain AML/CFT records in compliance with regulatory retention requirements
- Assist with responses to FIAU or MFSA requests for information.
- Participate in AML/CFT training sessions.
- Keep up to date with changes in AML laws, typologies, and best practices.
Requirements
- 1 year of experience in AML/compliance, preferably within financial services or fintech.
- Good understanding of Malta’s PMLFTR, FIAU Implementing Procedures, and EU AMLD directives.
- Excellent command of English
- Local experience is required
