Junior Risk Associate

The Role

At FIAU Malta, we’re seeking a Junior Risk Associate to play a key role in assessing and monitoring subject persons across diverse industries. This position offers an exciting opportunity to contribute to critical risk evaluations and data analysis, ensuring compliance with Malta’s AML/CFT standards.

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Duties & Responsibilities

• Assisting in conducting the risk assessment of subject persons across all sectors, by ensuring that these are carried out in line with the FIAU’s risk assessment methodology and within the required timeframes.
• Assisting in the compilation of risk evaluation questionnaires.
• Ensuring risk profiles are updated at all times by identifying and monitoring any significant changes and risk trends.
• Assisting the Risk Manager, Assistant Manager and Risk Associates and the Supervision Section in the carrying out of risk related projects and ad hoc tasks.
• Assisting the Risk Manager, Assistant Manager and Risk Associates with the extraction, collation and analysis of data obtained through both thematic and other supervisory reviews in order to provide guidance to subject persons, including assisting in the drawing up of guidance papers.
• Assisting the supervision teams in the provision of risk data and trends relevant to the conduct of compliance examinations.
• Assisting the Risk Associates in carrying out verification checks on risk data available through validation checks, subject persons’ document reviews and supervisory meetings.
• 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 tasks related to evaluations and assessments being undertaken by various local and international bodies such as the EU, the Egmont Group, MONEYVAL, FATF, etc.

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Requirements

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• MQF Level 5 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject and at least 2 years work experience relevant to this post Or
• ​MQF Level 4 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject and at least 3 years work experience relevant to this post.
• Knowledge and practical understanding 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 or experience in risk assessment, data analysis or statistics is considered an asset.
• Outstanding written and verbal communications skills in English.
• Proficiency in the use of Microsoft Office and office automation tools.
• A clean criminal record.

What we offer

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• 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)

Jobsplus Permit Number: 484/2021