Senior Remediation Associate

icon Malta
icon Legal & Corporate
JOB DESCRIPTION

Ref#4604

 

On behalf of our client a financial compliance unit specializing in all legal compliance matters GRS are recruiting a Senior Remediation Associate for their offices in Malta. The ideal candidate will be in possession of a relevant degree in either finance, law, accounting, or economics and have good analytical and report skills. If you have the required skills and experience GRS look forward to receiving your CV for this Malta based Senior Remediation Associate role.
 
MAIN DUTIES AND RESPONSIBILITIES
  • Assist the Remediation Manager in managing, leading, mentoring, and guiding the
  • Remediation Team to ensure the effective implementation of the annual remediation and follow-up plan
  • Assist the Remediation Manager in the development and update of internal policies and procedures required for effective remediation practices
  • Carry out timely review of outcomes of compliance examinations and remediation plans announced by subject persons and presenting the outcome of such reviews before the Supervision Committee
  • Participating in Supervision Committee meetings and documenting the results of discussions held on a timely basis
  • Preparing remediation or closure letters to subject persons clearly describing decisions taken by the Supervision Committee on the outcome of compliance examinations and remediation plans executed by subject persons
  • Assisting in the planning and management of Supervision Committee meetings
  • Carrying out reviews to confirm the effective implementation of remediation plans by subject persons, including through meetings with subject persons, system walk-throughs, documentary reviews and sample-based testing
  • Advising and assisting subject persons to establish appropriate AML and CFT internal structures and controls
  • Participate in training provided to subject persons, supervision officers or other supervisory authorities
  • Cooperating with the Risk Team in providing feedback on compliance examination outcomes and remediation initiatives to assist in the formulation of guidance to subject persons
  •  Liaising, coordinating, and cooperating with various Competent Authorities including the Malta Financial Services Authority/ Malta Gaming Authority / Sanctions Monitoring Board / the National Coordination Committee for the Prevention of Money Laundering and Funding of Terrorism / the Malta Police Force and others as may be required from time to time
  • Assisting in other task related to evaluations and assessments being undertaken by various local and international bodies such as the EU, the Egmont Group, MONEYVAL, FATF, etc
  • Carrying out any other job-related duties as may be assigned by the Director, Deputy
  • Director, Head, Senior Manager and Manager, from time to time.
CANDIDATE PROFILE
  • In possession of a university degree in law, banking and finance, financial
  • services, insurance, accounting, economics or any related subject.
  • Highly proficient in the laws that govern the prevention of money
  • laundering and financing of terrorism in Malta and the international standards and EU legislation in the area.
  • Sound knowledge of the relevant EU Directives and related domestic legislation that
  • govern financial and ancillary services would also be required, together with a high level of familiarity with the operations of the financial services sector.
  • Excellent analytical and report writing skills.
  • A track record of technical competence, efficiency, leadership, ethical responsibility, and diligence to qualify for this post.
COMPANY BENEFITS
  • Competitive salary
  • Great working environment
  • Health and life insurance group cover
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 Giuseppe Buda, giuseppe@grsrecruitment.com,quoting the above job reference or call +356 2778 0664 for further information.

 

Job Summary
  • icon
    10 November 2022
  • icon
    Permanent
  • 4604
  • giuseppe@grsrecruitment.com
Cookies on this website
We need to ensure that we give you the best experience on our website. If you wish you can restrict or block cookies by changing your browser setting. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website.