Our client is seeking to recruit an MLRO and Compliance Officer to join the team.
Duties include:
Develop and implement the compliance framework and policies, through effective execution of compliance tasks and identification and reporting of areas of improvement
Ensure that Group policies and procedures are implemented in line with local laws and regulations; and the local office and client entities are compliant with applicable laws and regulations
Develop and implement compliance policies, procedures, and controls to ensure adherence to regulatory and legal requirements, especially in cross-border payments and B2B transactions
Conduct regular reviews and audits to assess the effectiveness of compliance measures and make recommendations for improvement.
Act as the main point of contact with Regulators, when necessary and be responsible for compliance related audits; complete the regulatory filings with the Central Bank and other relevant bodies as required.
Monitor client acceptance, conduct on-going review of client files, transaction monitoring and risk review
Assist the Local Management Team with the monitoring, interpretation and analysis of existing and prospective legislation or regulations which may impact the business and/or clients Ensure KYC, Anti-money laundering, Countering Terrorist Financing (AML/CFT) and Anti- Bribery and Corruption systems and On-boarding controls are adequate, Review and assess compliance breaches, escalate as necessary and work with the local Management Team (LMT) and Group Compliance to remediate and resolve any identified issues
Conduct due diligence on business partners, customers, and other stakeholders, especially in medium to high-risk jurisdictions
Prepare and submit regular reports to senior management on compliance and risk management activities, highlighting areas of concern and proposed solutions.
Requirements
Over 5 years’ previous experience of establishing and/or working in a compliance function. Experience in a financial services/trust services business and liaising with regulators preferred
Good Knowledge of trust business services and exposure to fund business would be an advantage.
Experience in the TSP and CSP space would be an advantage.
Solid understanding of local and international tax and regulations including exposure to CRS, FATCA, BEPS, GAAR
Candidates must already be PQ'd by the MFSA or eligible to be PQ'd
Education and Experience
Relevant Bachelor’s or Master’s Degree and other relevant professional qualifications
