Compliance Officer

Discipline: Compliance, Regulatory
Contact name: Ricoh Davids

Contact email: [email protected]
Job ref: 15503
Published: over 1 year ago
As part of the team, the selected candidate shall work alongside the Compliance Lead for the firm in the UK and be responsible for operational compliance matters for both companies, to include Customer Due Diligence (KYC), risk assessments, transaction monitoring and identification of unusual and suspicious activity. As the  team grows, the Compliance Officers shall get involved in a wide range of activities and no one day will be the same while gaining a broad exposure in a fast paced start up.
The right candidate will help the business achieve and maintain compliance with all current and future MFSA and FCA requirements; together with operating many aspects of the company AML and CFT frameworks in relation to its activities. The Compliance Officers will be based in Malta, and may be required to travel to other offices within the group as and when required.

  • Carrying out risk assessments, in line with the company’s policies and procedures, measuring the threats and vulnerabilities of the company’s operations for money laundering and terrorist financing.
  • Maintain an up-to-date customer risk assessment process.
  • Keep abreast with any regulatory and AML legislative changes.
  • Be responsible for operating both a customer due diligence and customer acceptance procedure.
  • Be responsible for the monitoring of transactions, whilst investigating and analyzing suspicious activity. They shall consider such reports to determine whether a suspicious transaction report is to be submitted to the MLRO and/or authorities concerned.
  • Keep abreast of training programmes and documentation to ensure awareness of the most recent developments in relation to compliance and AML matters.
  • Ensure the company operates within card scheme regulations where relevant.
  • Keep abreast of compliance regulations and practice, and inform management of any issues arising.
Experience and background:
  • You need to be resourceful, intelligent and high-energy,  flexible at doing what needs to be done. it’s essential for all the team to be hands-on, able to handle ambiguity and to operate with limited resources.
  • You must have a strong background in the Payments and / or E-Money Industry, and have proven experience in working within a multi-site organisation and a demonstrated ability to get involved in all aspects of compliance as the company builds its team.
  • Good working knowledge of both the Maltese, and ideally UK regulatory, and AML framework.
  • 3+ years experience in financial services, ideally within the cards and payments sector.
  • Qualifications in Prevention of Money Laundering and Combating Terrorist Financing or related subjects, coupled with a sound knowledge of EU AML Directives.
  • Knowledge of relevant financial services legislation, card scheme regulations, data protection, and other relevant regulation.
  • Demonstrable in-depth understanding of practice and typologies of financial crime, money-laundering, data and identity theft and best practice for managing these risks.
  • Strong teamwork skills, problem solver and strong communication skills.
  • Ability to balance business priorities with compliance imperatives yet act independently and without influence of others in the organisation.