MLRO

Malta  |  €65,000 - €70,000 

Our client is a bespoke, high end lifestyle management service group. They have also established themselves as a financial institution providing products and services to clients in Malta and other European countries. They are currently looking to employ an MLRO to join their team of professionals.

Responsibilities:

  • Act as an Approved Person undertaking Controlled Function for the prevention of money laundering and reporting suspicious activities to the authorities.
  • Develop and maintain the firm’s anti-money laundering and counter-terrorist financing policy in line with evolving statutory and regulatory obligations.
  • Support and co-ordinate management focus on the money laundering risk in individual business areas.
  • Assist management in developing and maintaining an effective anti-money laundering and counter-terrorist financing compliance culture.
  • Ensure that the firm’s risk management policies, risk assessment profile and their application are adequately documented.
  • In consultation with management, create and maintain the money laundering risk-based program and the risk assessment of the firm’s customers, products and services.
  • Establish and maintain appropriate risk-based monitoring processes that are proportionate to the scale, nature and complexity of the firm’s operations.
  • Develop internal procedures in line with the requirements of the legislation and the relevant industry guidance.
  • Document the firm’s risk-based strategies and the basis for the risk-assessment and monitoring process.
  • Ensure all internal suspicious activity reports received are investigated without delay.
  • Ensure that a SAR is submitted to the relevant law enforcement agency in respect of all suspicions that have substance.
  • Ensure that all staff are aware of their personal obligations and the firm’s policies and procedures and that the basis for the firm’s risk-based approach is understood and applied.
  • Ensure that staff comply with the stated policy and therefore monitoring operations and development of the policy to this end.
  • Ensure that all relevant staff are adequately trained in money laundering and terrorist finance prevention that the standards and scope of the training is appropriate and that appropriate training records are kept.
  • Regularly review the effectiveness of money laundering compliance policies and procedures to prevent money laundering and counter the financing of terrorism.
  • Briefing and reporting to senior management on matters relating to internal AML compliance policies and procedures on the Company’s compliance with its obligations.
  • Make recommendations for action to remedy any deficiencies in policies, procedures, systems or controls and follow up on those recommendations.
  • Represent the firm to all external agencies (e.g. regulators or law enforcement agencies, and in any other third party enquiries in relation to money laundering prevention, investigation or compliance).
  • Remain aware of any relevant sanctions, prohibition or advisory notices. Also, if necessary, advise management and relevant staff of the names of any individuals and institutions on the sanctions list.
  • Promptly respond to any reasonable request for information from the regulator and/or law enforcement agencies.

Skill-sets and Requirements

  • Previous experience within a similar role would be required
  • PQ'd by the MFSA

Education & Experience

Qualifications or relevant training relating to AML, CDD, Governance Risk and Compliance

Job Reference: GF243


  • Primary job focus
    Compliance
  • Job type
    Full Time
  • Employment level
    Senior Management
  • Employer industry
    Financial Services
  • Languages
    English
  • Job Reference
    GF243
  • Closing Date
    31/01/2022
  • Date Published
    03/01/2022
  • Status
    Interviewing

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