An outstanding opportunity has arisen within a custody/depositary firm for a part-time MLRO join their team in Malta. You will report to the CEO and Board where you will be working with the Compliance and AML functions of the Company, to effectively develop, maintain and monitor the ongoing compliance of the Company with its various obligations arising from local, regional, European, and international legal and regulatory instruments on the prevention of money laundering and the countering of terrorism financing. The ideal candidate will have a Bachelor’s degree in Banking, Commerce or Law and be familiar with AML regulations and guidelines (4th, 5th AML Directive, FIAU implementing Procedures). If you are looking for a great opportunity, GRS look forward to receiving your CV for this Malta based part-time MLRO role.
MAIN DUTIES AND RESPONSIBILITIES
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Develop, maintain, and review policies and procedures as mandated by regulatory requirements relating to anti-money laundering and counter-financing of terrorism (AML/CFT).
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Act as support and counsel for Senior Management in this capacity. To include keeping up to date with changes in regulation as well as new techniques, trends, and vulnerabilities used to launder money and finance terrorism, performing impact assessments of such developments, flagging the need to change existing risk assessments and/or controls, and thereby ensuring that the business’s risk-based AML/CFT regime remains effective at all times.
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Establish and maintain adequate and proper record-keeping, logging and reporting procedures within the company.
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Receive internal reports on possible instances of money laundering or terrorism financing to determine whether sufficient grounds exist for the submission of a Suspicious Transaction Report (STR) to the Financial Intelligence Analysis Unit (FIAU) and taking any and all other necessary actions.
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Act as a point of contact for the Financial Intelligence Analysis Unit
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Collaborate with the various internal departments to find new and optimized ways to work in the field of AML/CTF, fraud prevention, and anti-bribery. Knowing the clients and prospective clients and ensuring that appropriate onboarding measures are being carried out. Considering insider internal reports of money laundering/funding of terrorism and deciding if there are sufficient grounds for suspicion to file a suspicion transaction report to the FIAU. Design and implement an ongoing training programme for the company, ensuring that all employees are aware of their legal obligations, of the risks associated with AML/CFT, internal reporting mechanisms in place, as well as providing updates and information on AML/CFT to improve awareness and knowledge. Assist the Compliance Function with required reports, both internal and external.
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Assist the compliance function with compliance matters in general.
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Ensure compliance with company and other relevant regulations at all times.
CANDIDATE PROFILE
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Bachelor’s degree in Banking, Commerce, Law, or any other similar qualifications will be considered an asset
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Qualifications in AML/CFR and related subjects, together with a high level of knowledge of AML/CFT laws and regulations, financial crime methodologies, and risk factors.
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Familiarity with AML regulations and guidelines (4th, 5th AML Directive, FIAU implementing Procedures) is a must.
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Minimum 4 years of experience as an MLRO, acting for international companies, preferably from the financial services industry.
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It will be considered an asset if the candidate is already PQ’d by the MFSA
COMPANY BENEFITS
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Fantastic career opportunity!
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International firm
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Great salary
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Private health & dental insurance
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Subsidized gym membership, and more!
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
Michelle Cooper, michellec@grsrecruitment.com quoting the above job reference or call
+356 2778 0664 for further information.