Our esteemed client, a reputable Corporate Services company based in Malta, GRS Recruitment are seeking a Compliance Administrator. The successful candidate will be working alongside the CO/ MLRO ensuring the company functions in line with laws and regulations whilst meeting the business goals and needs. We are looking to hire a proactive Compliance Administrator with proven experience preferably in trust and corporate services to support the day-to-day execution of compliance functions. In this role therefore, you will assist not only with the ongoing monitoring of the existing clients and on-boarding of new clients to ensure compliance with regulatory obligations at all times but also assisting with regulatory reporting.
MAIN DUTIES AND RESPONSIBITLIES
- Keeping abreast with the current company policies and procedures
- Assisting with the development and maintenance of compliance-related policies and procedures
- Maintenance of records, updating and amending existing databases
- Attendance and minute taking of the compliance meetings
- Assisting with regulatory reporting and inspections, including analysis and preparing of data; this involves ensuring accurate and timely submissions
- Conducting Client Due Diligence (CDD), Enhanced Due Diligence (EDD) and ongoing monitoring for existing clients and prospect clients; including review and assessment of trust deeds, corporate documentation, and governance structures
- Creation and review of customer profiles in the Company's database
- Experience in compiling and summarising escalations (PEP sign off, Adverse Media sign off, High Risk client sign off) for Senior Management review
- The successful candidate must be able to demonstrate the ability to carry out research, analyse and summarise the results of their findings in a clear manner.
- Sound understanding of how to establish and record Source of Funds / Source of Wealth
- Conducting Client Due Diligence checks (incl. WorldChecks/ Goggle searches, sanctions checks/ adverse media checks etc.) for existing and potential new clients
- Carry on transaction monitoring for fraud and AML issues
- Retaining internal compliance registers, including but not limited to Sanctions, PEPs, Police/ Regulatory, Complaints, SARs, Gifts, Rejected Business, Closed Business, etc.
- Authenticating due diligence for procedural compliance
- Clear understanding of the various financial crime and reputational risk-factors to consider when on boarding a new client
- Supporting a two site-operation with data administration for the Corporate Administration and the Compliance Team
- Performing other administrative and ad-hoc duties as required
CANDIDATE PROFILE
- Must hold experience in compliance and preferably a relevant professional compliance qualification
- Knowledge of AML-ATF legislation and Know Your Customer (KYC) procedures
- Versatile and flexible attitude with the ability to communicate well with all staff
- The ability to absorb and understand varied compliance matters
- Well organised and attention to detail
- Experience in working with regulatory portals and submission platforms will be an advantage
- A proactive approach in problem solving
- Strong IT skills with ability to learn new systems quickly and particularly competent in the use of Microsoft office products
- Familiarity with trust and corporate structures, including nominee arrangements and holding companies
- Excellent command of English both written and spoken
- Experience and understanding of regulatory obligations relating to Anti-Money Laundering (AML), Counter- Terrorist Financing (CTF), Counter -Proliferation Financing (CPF) and beneficial ownership as well as requirements for a wide range of client types including: Private Individuals, Trust structures, Foundations, Charities and Corporate entities with both simple and complex ownership structures is required
Due to the high volume of applications, we receive at GRS Recruitment, only shortlisted candidates will be responded to.