Junior Associate - Enforcement
Financial Intelligence Analysis Unit (FIAU) posted on 05 February, 2025
Job Status:
Closed
About This Job
The Role
The FIAU is currently in the process of recruiting a Junior Associate for its Enforcement Section.
Duties and Responsibilities
- To assist in collecting, cleaning, analysing and visualising data for cases referred to the Enforcement Section, including but not limited to follow-ups.
- To assist in the design and maintenance of the Section’s Case Management System (CMS), including but not limited to identifying key metrics, data collection and analysis, data visualisation and periodic or ad hoc reporting.
- To assist in Bulk Exercises carried out by the Enforcement Section, including gathering data from the respective FIAU sections, analysing it, filtering and carrying out checks as required, drafting and issuing letters, reviewing representations, preparing cases for presentation before the Compliance Monitoring Committee and taking the required follow up action.
- Analyse Compliance Reports and submissions received by subject persons pertaining to different AML/CFT obligations.
- Prepare cases for presentation before the FIAU’s Compliance Monitoring Committee (CMC).
- To draft enforcement measures letters as may be required.
- Ensure that enforcement decisions, including follow up actions are fully acted upon.
- Supervising the implementation of Directives issued to subject persons.
- To prepare and help in preparing court files as needed.
- To attend FIAU court sittings as witness, or as required.
- To aid in the upkeep of enforcement processes flows.
- To aid in upkeep of statistical data maintained by the Enforcement section.
- To assist in providing AML training and public awareness.
- To assist in providing internal training and enforcement updates.
- To keep the Manager, Senior Manager, Head of Section and other Superiors up to date with plans, actions and work carried out.
- To assist the Manager, Senior Manager and Head of Section in any ad-hoc projects and assignments as may arise during the year.
- To liaise with local and/or foreign supervisory authorities in relation to enforcement measures taken by the FIAU as required.
- To represent the FIAU in international fora when needed.
- To report to the Director, Deputy Director, Head, Senior Manager and Manager.
- To fulfil any other duties delegated by the Director, Deputy Director and Head of Section.
Requirements
- An MQF level 5 qualification in financial Services, Banking and Finance, Economics, Law, Statistics, Accounting, Auditing, Mathematics, English, or any related subject together with 2 years’ work experience relevant to this post, OR
- An MQF level 4 qualification in financial Services, Banking and Finance, Economics, Law, Statistics, Accounting, Auditing, Mathematics, English, or any other subject together with 3 years’ work experience relevant to this post.
- Knowledge of the laws that govern prevention of money laundering and financing of terrorism in Malta and the international standards and EU legislation in the area.
- Experience in compliance with AML/CFT laws and regulations, financial services or gaming services is considered to be an asset.
- Proven knowledge and experience in risk assessment & management and report writing is considered as an asset.
- Outstanding written and verbal communications skills in Maltese and English.
- Proficiency in the use of Microsoft Office and office automation tools.
What We Offer
- Health insurance group cover
- Life insurance group cover
- Work from home.
- Sponsorship Training Scheme
- Training & Study Leave
- Family-friendly measures
- Team Building Events
- Free parking (first come first served)