We are working with a boutique CSP who are looking for a Money Laundering Reporting Officer and Compliance Officer to lead regulatory Compliance and financial crime prevention efforts int he company. This dual-role is essential in ensuring adherence to AML/CFT regulations and maintain compliance with MFSA requirments.
Duties as MLRO:
- Lead the development, implementation, and continuous enhancement of the company's Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) framework, ensuring compliance with Maltese and EU regulatory requirements.
- Monitor transactions, investigate potentially suspicious activities, and prepare and submit Suspicious Activity Reports (SARs) to the Financial Intelligence Analysis Unit (FIAU) when required.
- Oversee sanctions screening, Politically Exposed Persons (PEP) monitoring, and Enhanced Due Diligence (EDD) measures for high-risk customers.
- Ensure robust Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures are consistently applied across all business operations.
- Maintain comprehensive records of AML reviews, investigations, and reporting activities in accordance with regulatory and audit requirements.
- Monitor regulatory developments, including FIAU guidance, FATF recommendations, and applicable AML/CTF legislation, to ensure ongoing compliance and best practice.
- Deliver AML training and compliance awareness initiatives, promoting a strong culture of regulatory compliance throughout the organisation.
Duties as Compliance Officer
- Serve as the appointed Compliance Officer and primary liaison with the Malta Financial Services Authority (MFSA) on regulatory matters, supervisory inspections, audits, and reporting obligations.
- Collaborate closely with the Executive Director and Group Compliance teams, both locally and internationally, to develop, implement, and maintain an effective compliance monitoring programme.
- Provide regulatory guidance on legislative developments, internal policies, and corporate governance requirements to ensure ongoing compliance with MFSA Rules and applicable financial services legislation.
- Review, develop, and enhance internal policies, procedures, and control frameworks to ensure alignment with regulatory expectations and industry best practices.
- Conduct compliance monitoring reviews and internal audits to evaluate the effectiveness of existing controls, identify compliance gaps, and recommend corrective actions.
- Prepare comprehensive compliance reports for senior management and regulatory authorities, highlighting key compliance risks, regulatory updates, findings, and recommended mitigation measures.
- Deliver and support employee training initiatives on regulatory compliance, data protection, corporate governance, and ethical business conduct to strengthen the organisation's compliance culture.
Requirements
- 4+ years’ experience in regulatory compliance, AML/CFT, or financial services.
- Prior experience as an MLRO, Compliance Officer, or within a similar senior compliance role.
- Strong understanding of AML regulations, MFSA requirements, FIAU guidelines, and EU financial crime directives.
- PQ’d as a Compliance Officer with the MFSA or the ability to qualify for the role is an advantage.
- Excellent communication and interpersonal skills, with the ability to train staff and advise senior management.
- A clean professional record, with no history of regulatory breaches or misconduct.
Benefits
- Free Parking
- Health Insurance
- Flexibility
Education and experience
- A Bachelor’s degree in Finance, Law, Business, or a related field.
Kindly note that some vacancies are only considering Maltese or EU nationals in line with Jobsplus requirements. More information can be found here.
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