An exciting opportunity has arisen for a Head of Compliance / MLRO to join a rapidly expanding Payments company in Malta. The company provides secure, flexible and innovative payment and card solutions across Europe and have offices in Spain and Malta. You will report to the Board of Directors with a functional report to the CEO to assist in ensuring that the activities of the organisation are conducted in strict adherence with local laws and regulations. As part of the Executive Management Team, you will be responsible for helping to ensure that the Company is a commercially successful organisation in terms of its effectiveness as a regulated body, payment service provider and e-money issuer. You will demand high performance management and ensure accountability and effective corporate governance. The perfect candidate will have 10 years’ experience within Banking/Payments and ideally be MFSA approved for MLRO/Compliance. If you have the required expertise and wish to join a fun and vibrant company, then we look forward to receiving your CV for this Malta based Head of Compliance / MLRO role
MAIN DUTIES AND RESPONSIBILITIES
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Work on regulatory and compliance issues including liaising with the MFSA and cross-border regulators.
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Daily involvement with all teams on all operational risk management aspects of the business.
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Liaise with partners to minimise commercial risk and ensure all services are compliant with regulatory requirements.
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Money Laundering Reporting Officer with direct reporting responsibilities to the Board. AML duties include:
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Annual report on AML to the Board and Monthly Risk and Compliance Reports.
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Preparing and signing off the annual Compliance report.
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Dealing with the MFSA on a regular basis.
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Involvement with industry bodies on risk and regulatory compliance issues.
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Approved person with the MFSA, being responsible with the Board for AML compliance.
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Supervising and managing all compliance requirements of the Company including travel abroad to corporate customers and subsidiaries as required.
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Analysing, improving, and structuring all internal compliance procedures, reports and documentation.
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Training of staff & Board on all relevant AML and compliance matters.
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Understanding risk and liability under regulations and system network rules (including Mastercard and Visa) and working to minimise operational and regulatory risk.
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Detailed understanding of financial services law, e-money capital authorisation and conduct of business rules including:
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AML
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E-Money Directives
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Payment Services Directives
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General Data Protection Regulations
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PCI-DSS
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Information Security
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Any other relevant regulatory requirements
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Reporting to the Board as required.
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Other duties and responsibilities as directed by the Executive Director from time to time.
Planning
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Plan and manage appropriate level of operational internal and external resources required to meet the agreed corporate objectives.
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Develop and manage an annual compliance plan and operating budget to ensure that the compliance and regulatory targets are met.
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Improve Operations by recommending and delivering new enhanced and /or automation solutions which reduce cost and/or align to a better customer experience
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Responsible for researching and evaluating new technologies which could provide the department/business a more effective way to service our customers / clients / suppliers.
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Build, lead and motivate a team of committed Compliance staff.
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Accountable for the management, mentoring and career development of all Compliance staff.
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Promote a culture of open, collaborative teamwork and improvement.
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Ensure personal and team Compliance industry expertise is kept up to date.
CANDIDATE PROFILE
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Excellent AML knowledge with proven experience working in the financial services industry.
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In-depth understanding of the Malta and United Kingdom regulatory environment/policies/legal framework as they relate to AML, Sanctions, and an understanding of financial crime risks.
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Knowledge of other jurisdictions and the application of international best practices and guidelines.
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AML/Compliance experience within the Financial Services industry and complementary sectors such as crypto, online gaming, , e-commerce, etc.
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A bachelor’s degree in legal, compliance accounting, business [or any related field that’s relevant in the industry].
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At least ten years of experience in payments or in AML, compliance auditing, compliance analysis, or as a compliance officer is needed [prior experience within an issuing organisation a plus]
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A background in auditing, compliance, or any other regulatory field.
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Previous experience of building and mentoring other compliance teams and professionals.
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Evidence of technical proficiency and have strong verbal and written communication skills to relay
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Information efficiently.
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Be detail-orientated to meet strict deadlines and match compliance standard.
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Ideally have been approved by the Malta Financial Services Authority;
COMPANY BENEFITS
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Super package
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Great brand
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International company
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.