", "employmentType": "FULL_TIME", "hiringOrganization": { "@type": "Organization", "name": "GRS Recruitment", "sameAs": "https://jobs.grsrecruitment.com/", "logo": "https://jobs.grsrecruitment.com/webdocs/GRS/CompanySettings/1/Social_Sharing_Logo/GRS logo 2019 black red bar.png"} , "jobLocation": { "@type": "Place", "address": { "@type": "PostalAddress", "addressLocality": "Malta", "addressRegion": "Malta"} } , "title": "Senior Compliance / MLRO", "validThrough": "2022-02-23", "url": "https://jobs.grsrecruitment.com/job/senior-compliance--mlro-2575.aspx"} Senior Compliance / MLRO Job in Malta | GRS Recruitment

Senior Compliance / MLRO

icon Malta
icon Banking & Finance



Our Client, a leading Electronic Money Institute, are working with GRS to recruit an experienced Senior Compliance / MLRO to lead their Compliance Team in Malta. You will report to the Board of Directors of the European entity and will work alongside the Compliance Lead for the UK entity in designing, implementing, running and overseeing all regulatory and card scheme compliance activities and in due course fulfilling the function of MLRO and Compliance Officer for the European operation. The perfect fit will have at least 7 years’ experience in financial services, especially the cards and payments sector, with at least 5 years in a senior risk and compliance role. If you are looking for an exciting adventure, please send your CV for this Malta based Senior Compliance / MLRO role.
  • Act as Head of Regulatory Compliance and Money Laundering Reporting Officer (MLRO).
  • Be the main point of contact for liaising with the Central Bank of Malta, Malta Financial Services Authority (“MFSA”) and Financial Intelligence Analysis Unit (“FIAU”) and other relevant bodies in connection with AML/CFT matters.
  • In the pre-authorisation phase, act as primary contact for the MFSA for the Company’s authorisation and related activities, ensuring:
    • Activities are within the scope of authorisation
    • Compliance with regulatory requirements and operation of the Compliance Monitoring Programme
    • Open and cooperative communications with the MFSA
    • Timely reporting to the board on matters of regulatory compliance
    • Continuing personal ‘fitness and propriety’
  • Design, implement and maintain the Company’s AML, CFT framework and compliance monitoring programme.
  • Prepare and submit all of the relevant regulatory reporting to the MFSA, Central Bank of Malta and FIAU.
  • Be responsible for carrying out risk assessments, in line with the company’s policies and procedures, measuring the threats and vulnerabilities of the company’s operations for money laundering and terrorist financing.
  • Be responsible for maintaining an up-to-date customer risk assessment process.
  • Monitor the MFSA & FIAU website for the release of revised standards and guidance.
  • Lead and manage all relevant aspects of any audits or visits from the MFSA or FIAU.
  • Develop an effective AML compliance culture.
  • Conduct internal AML audits on a regular basis.
  • Keep abreast with any regulatory and AML legislative changes.
  • Be responsible for the implementation of both a customer due diligence and customer acceptance policy.
  • Be responsible for a transaction monitoring programme within the AML / CFT / Financial Crime framework.
  • Be responsible for the monitoring of transactions, whilst investigating and analysing suspicious activity. They shall consider such reports to determine whether a suspicious transaction report is to be submitted to the FIAU and/or authorities concerned.
  • Maintain training programmes and documentation to ensure that staff are aware of the most recent developments and mandatory training is delivered to staff in relation to compliance and AML matters.
  • Oversee the systems, processes and policies related to client funds safeguarding.
  • Ensure the company operates within card scheme regulations where relevant.
  • Keep abreast of compliance regulations and practice, and inform Company executives, management and other personnel as relevant. 
  • The candidate must be PQ’d by the MFSA.
  • Have a proven risk management mindset.
  • Practical problem solver and strong leadership skills.
  • 7+ years industry experience in financial services, especially the cards and payments sector, with 5+ years in a senior risk and compliance role.
  • Have relevant qualifications / training in relevant financial services compliance.
  • Qualifications in Prevention of Money Laundering and Combatting Terrorist Financing or related subjects coupled with a sound knowledge of EU AML Directives are required.
  • Have a strong working knowledge of the Maltese regulatory and AML framework.
  • Have demonstrable in-depth knowledge of relevant financial services legislation, card scheme regulations, data protection, and other relevant regulation.
  • Have demonstrable in-depth understanding of practice and typologies of financial crime, money-laundering, data and identity theft and best practice for managing these risks.
  • Ability to balance business priorities with compliance imperatives yet act independently and without influence of others in the organisation.
•     Join a company on the start of its’ adventure!
•     Excellent working conditions
•     Above-market salary
•     Travel will be required
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, laura@grsrecruitment.com quoting the above job reference or call +356 99998272 for further information.
Job Summary
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    24 January 2022
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  • 2575
  • laura@grsrecruitment.com