A boutique Corporate & Advisory company is searching for an MLRO to join their team in Malta. You will ensure that the firm is always compliant with FIAU and/or MFSA regulations for prevention of ML/FT practices. The ideal candidate will have a Bachelor’s degree preferably in Law, Economics, Management and Accountancy; or other 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 and have prior experience as MLRO (Ideally PQd). If you have the required skills and education and wish to join a great firm, then please send your CV for this Malta based MLRO role today!
MAIN DUTIES AND RESPONSIBILITIES
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Ensure that the firm is always compliant with FIAU and/or MFSA regulations for prevention of ML/FT practices.
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Maintain effective relationships with the MFSA and FIAU and other governmental bodies/agencies, handle any request or inquiry in an open and cooperative manner.
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Be familiar with the Prevention of Money Laundering Act, (Cap. 373) and provisions amending the Act, the Regulations made thereunder, as well as the Implementing Procedures and any guidance notes issued by the MFSA and/or Financial Intelligence Analysis Unit (FIAU)
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Ensure that all relevant staff are adequately trained in money laundering and terrorist finance prevention, that the standards and scope of the training are appropriate, and that appropriate training records are kept.
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Ensure that proper Customer Due Diligence procedures are in place and that the procedures set out in the FIAU Implementing Procedures relating to the identification and verification of natural or legal persons are complied with.
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Develop and maintain the firm’s anti-money laundering and counter-terrorist financing policy in line with evolving statutory and regulatory obligations.
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Create and/or update an internal reporting procedure to ensure that staff can report any such suspicious transactions without hindrance and that clear reporting lines are in place.
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Ensure that the firm’s risk management policies, risk assessment profile and their application are adequately documented.
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Ensure that a Business Risk Assessment of the company is performed at least annually and/or in any instances where a significant business change occurs.
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Establish and maintain appropriate risk-based monitoring processes that are proportionate to the firm's operations' scale, nature, and complexity.
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Ensure all internal suspicious activity reports received are investigated without delay.
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Represent the firm to all external agencies, e.g. regulators or law enforcement agencies, and in any other third-party enquiries related to money laundering prevention, investigation, or compliance.
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Promptly respond to any reasonable request for information from the regulator and/or law enforcement agencies.
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Prepare MLRO report for the Board Meetings and present it at the said meetings.
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Ensure that the legal reporting obligations, such as CASPAR reporting, of the firm are fulfilled errorless every time, on time
CANDIDATE PROFILE
- Bachelor’s degree preferably in Law, Economics, Management and Accountancy; or other 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.
- Previous experience as an MLRO
- It will be considered an asset if the candidate is already PQ’d by the MFSA
- Proficiency in MS Office applications (i.e., Word, Excel, PowerPoint, Project) and aptitude for learning new programs
- Strong strategic, critical, and analytical thinking
- Sound knowledge of AML/CFT Laws and Regulations governing the EU and Malta
- Highly organised with excellent coordination skills
- Excellent analytical, interpretation and problem-solving skills
- Excellent command of English, both written and spoken. Any additional language would be considered a plus
COMPANY BENEFITS
- Competitive Salary
- Annual bonus
- Flexible working arrangement
- Career progression
To apply for this position, please email your CV to
Michelle Cooper, michellec@grsrecruitment.com quoting the above job reference or call +356 21680800 for further information.