In this regard, the FIAU is seeking to recruit Junior Compliance Officer to strengthen the Cash Restriction Section.
The Role:
The candidate will be performing duties to improve the Section’s efficiency in relation to the monitoring of compliance and ensuring adherence to the Use of Cash (Restriction) Regulations as guided by the Prevention of Money Laundering Act (Cap 373 of the Laws of Malta), together with the following duties:
Assist in the conduct of compliance investigations, collect the necessary evidence and draw up reports in relation to suspected cases of breach to the Regulations
Liaise and cooperate with various stakeholders and competent authorities including Government agencies
Assist with the enforcement of both administrative and criminal aspects of the law
Assist in the analysis of transactional data to detect suspicious transactions that require an in-depth compliance investigation to ensure adherence to the Regulations
Participation in internal meetings and committees as may be required
Dealing with incoming and outgoing correspondence and maintaining the Case Management System updated
Carrying out onsite visits to gather the necessary information
Assisting in the Collection of comprehensive statistical data
Provide support during FIAU ad-hoc projects
Represent the FIAU at local or international meetings and workshops as necessary
Carry out any other duties as assigned by management
Requirements:
The chosen candidate must be in possession a Diploma (MQF Level 5) qualification preferably in Banking, Law, Accountancy, Forensic Accountancy, Audit, Finance or other relevant subject, and at least 2 years work experience relevant to this position OR in possession of an MQF level 4 preferably in Banking, Law, Accountancy, Forensic Accountancy, Audit, Finance or other relevant subject, and at least 3 years work experience relevant to this post;
Fluency in both Maltese and English languages is essential;
Sound knowledge and practical understanding of the Use of Cash (Restriction) Regulations (SL 373.04) and other laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation
Outstanding written and verbal communications skills
Proficiency in the use of Microsoft Office and office automation tools
Acquaintance with data visualization tools such as Microsoft Power BI and i2 Analyst’s Notebook
Excellent analytical and report writing skills and a proven track record of technical competence, efficiency, leadership, ethical responsibility, and diligence.