Compliance Associate

Location Malta
Discipline: Compliance
Contact name: Francesca Buhagiar

Contact email: [email protected]
Job ref: 15714
Published: about 2 months ago
Our client is seeking to recruit a Compliance Associate to join their compliance department. 

Duties include: 
  • Leading and assisting in the planning, preparation, and management of compliance assessments in liaison with other supervisory authorities as may be appropriate
  • Participation in meetings of the Compliance Monitoring Committee;
  • Reviewing, assessing and evaluating inspection reports, advising and reporting thereon, and implementing any necessary corrective measures and follow up procedures;
  •  Contributing in advising and assisting subject persons to establish appropriate AML and CFT internal structures and controls;
  • Ensuring that subject persons appoint a competent MLRO and maintaining an updated list of all MLROs;
  • Organizing, alone or jointly with other organizations, AML training and public awareness;
  • Assisting and contributing to the drawing up and maintenance of a consolidated set of implementation procedures for all subject persons;
  • Developing and establishing compliance procedures for off-site and on-site examinations and undertaking and reporting on such examinations either alone or in conjunction with the relevant supervisory authorities under the agreements in place
  • Receiving, reviewing, assessing, following up and evaluating annual compliance reports submitted by subject persons;
Requirements: 
  • University degree or an equivalent qualification (MQF Level 6) in Banking and Finance, Financial Services, Audit, Law, English or in any other subject provided that the applicant has proven experience in an area relevant to this position;
  • Sound 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
  • Proven knowledge and experience in risk assessment, interviewing, report writing, review engagements and audit is considered an asset;
  • Outstanding written and verbal communications skills in English
  • Proficiency in the use of Microsoft Office and office automation tools
An attractive salary package will be offered to the selected candidate.