Searching for a Head of Compliance & MLRO required for a specialised & growing business with offices across Europe - including Malta. This is an enticing opportunity where the suitable person will be reporting directly to the Board of Directors. The key purpose is to: implement, run & oversee all regulatory activities within the business.
Duties & Responsibilities:
- main point of contact to liaise with regulating authorities (CBM, MFSA, FIAU) and other relevant bodies in connection with AML/CFT;
- act as prime contact with MFSA ensuring: business activities are within the scope of authorisation; compliance with regulatory requirements; operation of the Compliance Monitoring Programme; open & cooperative liaising's with MFSA; timely reporting to the board of any regulatory matters;
- design, implement and maintain the firm AML & CFT framework + Compliance Monitoring Programme;
- prepare and submit all relevant regulatory reporting to MFSA & CBM & FIAU;
- responsible to carry out risk assessments, in line with the company policies & procedures, measuring the threats and vulnerabilities of operations for money laundering and terrorist financing;
- be responsible for maintaining an up-to-date risk assessment process;
- monitor the MFSA & FIAU releases of revised standards and guidance;
- lead and manage all relevant aspects of any audits or visits by regulatory officials;
- develop an effective AML compliance culture & conduct internal AML audits on a regular basis;
- keep abreast with any regulatory and AML legislative changes;
- be responsible for the implementation of both a customer due diligence and customer acceptance policy;
- responsible for a transaction monitoring programme within the AML / CFT / Financial Crime framework;
- responsible for the monitoring of transactions, whilst investigating and analysing suspicious activities;
- maintain training programmes and documentation to ensure that staff are aware of the most recent developments and mandatory training is delivered to staff in relation to compliance and AML matters;
- oversee the systems, processes and policies related to client funds safeguarding;
- ensure the company operates within regulations;
- keep abreast of compliance regulations and practice
The candidate must have a strong background in Payment and/or E-Money industry, coupled with proven experience in scaling a multi-site organisation and a demonstrated ability to both lead and build internal capabilities.
+8 years industry experience in financial services (esp. cards & payment sector), with +5 years in a senior risk and compliance role; in-depth knowledge of relevant financial services legislation, card scheme regulations, data protection and other relevant regulation; in-depth understanding of practice and typologies of financial crime, money-laundering, data and identity theft and best practice for managing these risks and an ability to balance business priorities