AML Officer

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icon Banking & Finance



A leading financial institution is looking for an experienced AML Officer to join them in Malta. You will perform due diligence reviews of existing customers and monitor accounts for unusual transactions. The ideal candidate will have 1 years’ experience in a similar role and a degree in a suitable subject. If you have the skills and are looking for a great opportunity, then we look forward to receiving your CV for this Malta based AML Officer role.
  • Perform the due diligence review of existing customers (requesting the KYC information and documentation, reviewing and verifying of received documentation and making an analytical risk assessment)
  • Have a thorough understanding of customer’s business and related parties in order to monitor account activities for unusual transactions
  • Conduct initial analysis of customer transactions and relationships using internal/external research tools in order to assess and determine if the transactions are in line with the customer’s profile or if there is reasonable suspicion that the transaction involves money laundering
  • Review of systematic Anti-Money-Laundering & Counter Financing of Terrorism (AML/CFT) alerts generated from the AML transaction monitoring system to determine if transactions occurring are valid AML/CFT risks.
  • Perform research taking into account various AML/CFT risk factors and indicators to determine if the alert/case needs to be escalated
  • Undertake prompt closure of eligible alerts not deemed as unusual or suspicious
  • Accurately document rationale for case closure or escalation as appropriate
  • Determine if additional enquiries are required and escalate as appropriate for non/low quality responses
  • Preparation of customer transaction analysis summaries on request
  • Periodically evaluate existing customers according to established policies and procedures
  • Communicate effectively and efficiently with relevant internal and external parties to obtain due diligence information and documents
  • Contribute to team’s effort by meeting KPI’s and SLA’s
  • Maintain good understanding of the Bank’s due diligence policies and procedures, as well as laws and regulations related to AML/CFT
  • Assist in updating and developing internal procedures and processes
  • Manage specific projects which may rise from time to time and work on other tasks requested by the Supervisor and/ or Manager
  • Degree level – Preferably in Law, Banking or Business Administration
  • Certificate or diploma in AML/CFT or an accounting and finance qualification is considered an asset
  • Knowledge of AML/CFT obligations, laws, regulations and directives
  • Knowledge of the FIAU Implementing Procedures
  • Understanding of banking and investment services activities, including comprehension of Wealth Management, Securities, Trust Structures, Corporate Structures
  • Minimum 1-year practical experience in AML/CFT Compliance, Transaction Monitoring, Banking, Audit or other Regulatory related work
  • ECDL certification
  • Analytical and creative approach to problem-solving
  • Ability to work independently
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to Laura Constantinou, quoting the above job reference or call +356 2778 0664 for further information.
Job Summary
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    6 May 2021
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  • 1040