Senior Compliance Associate

Our client, a well-established Corporate Services company based in Malta, is seeking to appoint a Senior Compliance Associate. The Senior Compliance Associate supports the effective day-to-day operation of the Company’s compliance framework within a Malta Retirement Scheme Administrator. The role contributes to ensuring ongoing compliance with applicable Maltese and EU regulatory requirements and internal policies. This is a role requiring sound technical knowledge of regulations, compliance monitoring and regulatory change. The role-holder will provide independent and practical compliance support to the business, assist in the development and implementation of policies and procedures, and contribute to the ongoing strong compliance culture across the organisation. The position is not an MFSA-designated role and does not carry formal regulatory accountability. However, it requires professional judgement, strong analytical capability, and the ability to identify and escalate compliance risks appropriately.

 

 

• Provide day-to-day compliance guidance and support to business units on regulatory, policy, and conduct-related matters relevant to retirement schemes and pensions administration.

• Respond to ad-hoc compliance queries accurately and within agreed timeframes.

• Support the Head of Compliance in identifying, assessing, and escalating compliance risks and control weaknesses where necessary.

 

• Monitor and report on regulatory and legislative developments relevant to the pensions sector, including Malta Pensions Rules and applicable EU requirements.

• Assist with regulatory change impact assessments and support the implementation of proportionate and effective changes across the business.

• Communicate regulatory updates and compliance expectations to relevant stakeholders in a clear and practical manner.

 

• Contribute to the design and execution of the annual Compliance Monitoring Plan through risk-based testing, thematic reviews, sampling, and control assessments.

• Review internal controls, procedures, and processes to assess compliance with regulatory and internal requirements.

• Document findings clearly and track remediation actions, following up on outstanding issues and escalating delays or material concerns as appropriate.

 

• Assist in the development, review, and maintenance of compliance-related policies, procedures, and internal guidance documentation.

• Participate in and support ongoing compliance projects, including remediation initiatives and process enhancements.

• Support on the reviews of the Company’s Business Risk Assessment and Customer Risk Assessments.

 

• Act as the Data Protection Officer for the Company and other entities within the Group.

• Assist with data protection matters, including management and tracking of data subject access requests and reporting ensuing regulatory time-frames are met.

• Support ongoing compliance with GDPR and internal data protection policies in collaboration with the Compliance function.

 

• Assist in the design, preparation, and delivery of compliance staff training.

Oversight & Collaboration

• Provide day-to-day oversight and review of assigned compliance tasks and outputs, ensuring quality standards and agreed turnaround times are met.

• Work collaboratively with colleagues across departments to support a coordinated and consistent approach to compliance and risk management.

 

• Good working knowledge of compliance frameworks within financial services, particularly in relation to pensions and retirement schemes.

 

Understanding of:

     o Malta Pensions Rules and relevant MFSA requirements

    o Compliance monitoring and internal control assessment

    o Complaints handling regulatory expectations

    o GDPR and data protection principles

    o AML/CFT legislation and concepts at a level appropriate to the role

 

• 5 years’ experience in a compliance or risk role within a regulated financial services environment.

• Experience within the pensions or retirement schemes sector is preferred.

• Demonstrable experience in compliance monitoring, regulatory change support, policy implementation, and remediation activities.

• A degree or suitable qualification in Financial Services, Compliance, Risk, or a related discipline is desirable.

• Professional compliance or risk qualifications are considered an advantage.

 

Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be contacted.

To apply for this position, please email your CV to Michelle Cooper, michellec@grsrecruitment.com quoting the above job reference or call +356 99998272 for further information.