AML Officer

Location Malta
Discipline: Compliance
Contact name: Francesca Buhagiar

Contact email: [email protected]
Job ref: 15229
Published: 19 days ago
Our client is looking to recruit for an AML Officer to join part of the Accounts Reviewing and Monitoring Team, which forms part of the AML department. 
Duties include: 
  • Perform the due diligence review of existing customers (requesting the KYC information and documentation, reviewing and verifying of received documentation and making an analytical risk assessment)
  • Have a thorough understanding of customer’s business and related parties in order to monitor account activities for unusual transactions
  • Conduct initial analysis of customer transactions and relationships using internal/external research tools in order to asses and determine if the transactions are in line with the customer’s profile or if there is reasonable suspicion that the transaction involves money laundering
  • Review of systematic Anti-Money-Laundering & Counter Financing of Terrorism (AML/CFT) alerts generated from the AML transaction monitoring system to determine if transactions occurring are valid AML/CFT risks.
  • Perform research taking into account various AML/CFT risk factors and indicators to determine if the alert/case needs to be escalated
  • Undertake prompt closure of eligible alerts not deemed as unusual or suspicious
  • Accurately document rationale for case closure or escalation as appropriate
  • Determine if additional enquiries are required and escalate as appropriate for non/low quality responses
  • Preparation of customer transaction analysis summaries on request
  • Periodically evaluate existing customers according to established policies and procedures
  • Communicate effectively and efficiently with relevant internal and external parties to obtain due diligence information and documents
  • Contribute to team’s effort by meeting KPI’s and SLA’s
  • Assist in updating and developing internal procedures and processes
  • Manage specific projects which may rise from time to time and work on other tasks requested by the Supervisor and/ or Manager
  • Degree level – Preferably in Law, Banking or Business Administration
  • Certificate or diploma in AML/CFT or an accounting and finance qualification is considered an asset
  • Knowledge of AML/CFT obligations, laws, regulations and directives
  • Knowledge of the FIAU Implementing Procedures
  • Understanding of banking and investment services activities, including comprehension of Wealth Management, Securities, Trust Structures, Corporate Structures
  • Minimum 1 year practical experience in AML/CFT Compliance, Transaction Monitoring, Banking, Audit or other Regulatory related work
An attractive salary package will be offered to the selected candidate.