A highly regarded client of ours specialised within Financial Services, is currently looking to onboard an MLRO to join their team of professionals. The designated person be reporting to the Board of Directors; will need to be MFSA approved, and will be responsible for investigating and reporting any suspicious activities to the Regulator/s, among other such tasks:
Duties:
Implement and maintain an effective AML/CTF program to detect, prevent, and report any suspicious activities related to money laundering or terrorist financing, establishing and maintaining AML/CTF policies, procedures, and controls within the organisation.
Oversee the monitoring of financial transactions, customer activities, and internal processes to identify any suspicious or unusual behaviour indicative of money laundering or terrorist financing, ensuring that the Transaction Monitoring rules are reviewed on a regular basis
Ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations in line with the PMLA and PMLFTR regulations.
Maintain proper records of AML/CTF activities, including suspicious activity reports, customer due diligence documentation, and risk assessments., also coordinating internal and external audits as required
Design and deliver training programs to educate employees about AML/CTF regulations, policies, and procedures, ensuring all staff are aware of their obligations and responsibilities in detecting and reporting suspicious activities.
Constantly keep up to date with the latest AML/CTF developments and communicate relevant changes to the organisation.
Requirements
Seven years' + experience in payments or in AML, compliance auditing, compliance analysis, or as a compliance officer is required
In-depth understanding of the Maltese regulatory environment/policies/legal framework
Excellent AML knowledge with proven local experience working in the financial services industry.
Previous experience in building and mentoring other AML teams and professionals.
Must have excellent verbal and written communication skills in Englsh
Must be PQd by the MFSA
Education and Experience
A Bachelor’s Degree in legal, compliance accounting, business (or any related field that’s relevant in the industry).
