Compliance Officer

€50,000 - €55,000  |  Malta

Our client operating in the CSP and fiduciary services sector is currently looking for a Compliance Officer to join their team


  • Ensuring that the Company and its client Companies are in compliance with local rules and regulations.
  • Identifying any potential risks and exposure to client Companies and the Company and suggest ways to manage and mitigate such risks.
  • Ensuring that all employees of the company follow Company Compliance Procedures.
  • Reviewing and developing the Company’s Internal Office, Compliance, Client and Statutory procedures and controls
  • Formulating and updating the Business Continuity Plan.
  • Ensuring that any matters of concern are formally reported into the board as soon as possible.
  • Handling the preparation work and management of all communication with any Regulator.
  • Researching and understanding changes in regulations.
  • Ensuring adherence to take on procedures for prospective clients
  • Developing Anti Money Laundering guidance materials, training resources, and controls.
  • Advising senior management of any likely implications of changes to internal policies.
  • Preparing reports to the Board of Directors.
  • Conducting reviews of files.
  •  Identifying, investigating and resolving all activities that are deemed noncompliant.
  • Providing advice on the implication of future business strategies.
  • Informing the relevant authorities of any breaches.
  • Completion of all compliance returns as required by the MFSA.
  •  Addressing issues relating to transaction monitoring, filtering and sanctions
  •  Ensuring that the company are compliant with all Laws and regulations not least H&S, Labour Laws, Confidentiality and Data Protection Laws
  • Acting as the Compliance Officer in terms of the Rules for Company Service Providers and the Code of Conduct for Trustees issued by the MFSA.
  • Providing the services of liaison with MFSA where and if needed.
  • Mentoring and overseeing development of any person who may be designated to work in the compliance team.
  • Providing information and possibly training regarding any new guidelines or rules issued by regulators.
  • Providing pre-on boarding risk reports to the Board of Directors. You shall not be involved in the performance of services or activities you monitor and shall be sufficiently independent from the final client on boarding process.
  • Investigating any complaint.
  • Monitoring incoming and outgoing client funds.
  • Responsibility for all matters relating to FATCA, CRS, DAC6 and other reporting to the Inland Revenue Department, and ensuring the company is compliant at all times. 
  • Provide opinion or advice from a compliance perspective to be considered in risk and risk strategies.
  •  Ensure that the filing system is in order.
  • Updating the Errors and Breaches Register, informing the MFSA where and if required.

Skill-sets and Requirements

  • A minimum of two years’ local experience within a compliance department of a CSP or Trustee services company.
  • PQ'd or eligable to be PQ'd by the MFSA

Education & Experience

A diploma level of education or higher

Job Reference: WG922

  • Primary job focus
  • Job type
    Full Time
  • Employment level
    Experienced (3 years +)
  • Employer industry
    Financial Services
  • Languages
    English, Maltese
  • Job Reference
  • Closing Date
  • Date Published
  • Status

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