Compliance Associate

The FIAU is seeking to strengthen its Supervision Section through the recruitment of an Associate.

​Responsibilities:

• Planning and executing compliance examination, in line with internal procedures, to assess subject persons’ adherence to AML/CFT obligations and whether the control framework is adequate towards ensuring that ML/FT risks are adequately mitigated,
• Analysing results of compliance examinations and preparing compliance examination reports, in a timely manner, to clearly document such results,
• Participating in Supervision Committees and Compliance Monitoring Committees and contributing to discussions on the results of compliance examinations,
• 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 it may be required from time to time,
• Contribute to advising and assisting subject persons to establish appropriate AML/ CFT internal structures and controls,
• Assisting the Risk Team in the carrying out of risk assessments, execution of risk verification procedures and provision of feedback on the outcome of compliance examination as well as the Remediation Team in following up on the results of compliance examinations,
• Participating in training provided to subject persons, supervision officers or other supervisory authorities.

Requirements

• ​University degree or an equivalent qualification (MQF Level 6) in Risk Management, Banking and Finance, Financial Services, Audit, or in any other subject relevant to this position together with 3 years’ experience OR
• MQF Level 5 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject relevant to this position and at least 4 years work experience relevant to this post
• Applicants should be knowledgeable of the laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation
• Knowledge and/or experience in carrying out AML/CFT related checks, report writing or audit engagements and familiarity with the sector/s in which subject persons operate, such as the gaming sector or the financial services sector will be considered as an asset
• Outstanding written and verbal communication skills in English
• Proficiency in the use of Microsoft Office and office automation tools
• A clean criminal record

​What we offer

• A dynamic working environment.
• Excellent career prospects.
• An attractive remuneration package.
• Health and Life Insurance.
• Team building events.

Jobsplus Permit No: 500/2023