Compliance Officer

Malta  |  €35,000 - €45,000 

We are currently assisting one of our clients in recruiting a Compliance Officer


  • Develop and implement the risk and 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.
  • 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 (“LMT”) with the monitoring, interpretation and analysis of existing and prospective legislation or regulations which may impact the business and/or clients; Highlight all identified risks and compliance issues as well as solutions to the LMT and the Group;
  • As the MLRO, the candidate will need to ensure that all the relevant responsibilities of the MLRO are adhered to, including having robust policies & procedures in place, internal/external reporting as necessary, onboarding of new clients is done in compliance with all relevant laws & regulations, periodic reviews of clients are carried out as necessary, and all the other tasks that would be expected to be performed by the MLRO;
  • Ensure that the Company's KYC, AML, CFT and Anti-Bribery and Corruption systems and On-boarding controls are adequate;
  • To run the compliance monitoring program on an ongoing basis and to ensure that the entities of the company are compliant with all the relevant laws and regulations;
  • Discuss with Senior Management on unusual transactions.
  • Review and assess compliance breaches, escalate as necessary and work with the local Management Team and Group Compliance to remediate and resolve any identified issues;
  • Manage and grow excellent relations with existing clients to ensure a good understanding of the clients business and structure to conduct a robust review to alleviate risks and ensure compliance with the changing regulatory landscape;
  • Locally accountable for the management of compliance projects from the initiation and planning stages through execution and completion.
  • Support business strategy of the local office, representing the compliance capabilities to clients and business partners;
  • Build sound relationships and engage the Sales team, in order to fully understand the products, solutions and services being offered and ensure they are compliant with local laws and regulations;
  • Work with Group Compliance and Learning and Development team to provide compliance related training and informal coaching to SAMs and AMs.
  • Undertake such other duties, related to the position, as may from time to time be agreed with Management.

Skill-sets and Requirements

  • Around 2 years’ previous experience of establishing and/or working in a Compliance function.
  • Experience in a Corporate/Trust services business and liaising with regulators would be considered an asset
  • Excellent organizational, interpersonal and communication skills.
  • Excellent client facing skills. Well-developed spoken and written communication skills and the ability to tailor style to relevant audiences, and successfully liaise with people at different levels.
  • Excellent English language fluency; additional languages preferred.
  • Strong analytical and problem solving skills, solution driven, highly organized and detail-orientated with good decision making and time management skills. Independent, hands-on and takes accountability to deliver solutions and results.
  • Ability to adapt and work in a smaller, dynamic local team environment; along with being part of a bigger matrix organization.

Education & Experience

Relevant Bachelor’s or Master’s Degree and other relevant professional qualifications.

Job Reference: CO256

  • 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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