Junior Compliance Officer

Location Malta
Discipline: Compliance, Regulatory
Job type: Full-time
Contact name: Besart Kondi

Contact email: [email protected]
Job ref: 16085
Published: 6 months ago
Our financial industry client is looking to hire Junior Compliance Officers to bolster their newly established Cash Restriction Section.

  • The candidate will be performing duties to improve the Section’s efficiency in relation to the monitoring of compliance and ensuring adherence to the Use of Cash (Restriction) Regulations as guided by the Prevention of Money Laundering Act (Cap 373 of the Laws of Malta), together with the following duties: 
  • Assist in the conduct of compliance investigations, collect the necessary evidence and draw up reports in relation to suspected cases of breach to the Regulations.
  • Liaise and cooperate with various stakeholders and competent authorities including Government agencies.
  • Assist with the enforcement of both administrative and criminal aspects of the law.
  • Assist in the analysis of transactional data to detect suspicious transactions that require an in-depth compliance investigation to ensure adherence to the Regulations.
  • Participation in internal meetings and committees as may be required.
  • Dealing with incoming and outgoing correspondence and maintaining the Case
  • Management System updated.
  • Carrying out onsite visits to gather the necessary information.
  • Assisting in the Collection of comprehensive statistical data.
  • Provide support during ad-hoc projects.
  • Represent the Organization at local or international meetings and workshops as necessary.
  • Carry out any other duties as assigned by management.
  • A Diploma at MQF Level 5 or an equivalent qualification preferably in Banking, Law, Accountancy, Forensic Accountancy, Audit, Finance or other relevant subject, and at least 2years work experience relevant to this position OR a qualification at an MQF level 4 or an equivalent qualification preferably in Banking, Law, Accountancy, Forensic Accountancy, Audit, 
  • Finance or other relevant subject, and at least 3 years work experience relevant to this post;
  • Fluency in both Maltese and English languages is essential;
  • Sound knowledge and practical understanding of the Use of Cash (Restriction) Regulations (SL 373.04) and other laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation;
  • Outstanding written and verbal communications skills;
  • Proficiency in the use of Microsoft Office and office automation tools;
  • Acquaintance with data visualization tools such as Microsoft Power BI and i2 Analyst’s Notebook;