Regulatory Compliance Specialist

Discipline: Compliance
Contact name: Francesca Buhagiar

Contact email: [email protected]
Job ref: 15345
Published: about 2 months ago
Our client, operating within the financial services industry is seeking to recruit for a Regulatory Compliance Specialist. The role will be reporting to the Director of Compliance based in Malta. 

Duties include: 
  • Assist in developing and maintaining appropriate compliance programme and controls, in particular in the following areas of core regulated obligations: Payment Services Regulations 2009 (and forthcoming PSD2); Financial Crime Prevention (Anti-Money Laundering, Suspicious Activity Monitoring and Sanctions); Data Protection, Privacy and non-technical PCI; Anti-Bribery and Corruption
  • Monitor and mitigate all compliance risks, and ensuring the smooth operation of the business’ compliance monitoring programme
  • Keep up to date with regulatory changes to ensure the business continues compliance with relevant regulations
  • Provide product regulatory advice to the business through regular and ad hoc regulatory gap analysis review of existing products
  • Participate in compliance related projects and working closely with project stakeholders to ensure compliance project requirements are delivered in a timely fashion.
  • Monitor the business systems and controls in order to maintain compliance with applicable laws and regulatory requirements
  • Submit regular updates to the business about regulatory changes, including detailed assessment of impact to the business, and working with the Head of Compliance to devise appropriate plans for the implementation of such changes
  • Oversee the preparation and reviewing processes for regulatory filings
  • Assist in the preparation and delivering of compliance training to the various areas of the business
  • Ensure that compliance documentation and processes are kept up to date
  • Identify suspicious activities and filing the necessary reports
  • Provide quality assurance review of tasks handled by other Compliance Team members
Requirements: 
  • Minimum four years’ experience in a compliance role, or as a regulatory specialist, ideally within the banking and/or card and payment industry
  • Proven experience in the understanding and interpretation of regulation within the payment industry and the implementation of solutions to address regulatory requirements
  • In-depth experience of compliance monitoring and the ability to develop compliance monitoring programmes and techniques
  • Good understanding of UK, Malta and EU financial services regulatory compliance, the FCA Handbook, non-technical PCI DSS and PSD
  • Technical and practical expertise of AML and ABC regulations
  • Experience in gap analysis, regulatory reporting and policy writing
  • Strong oral and written communication skills
An attractive salary will be offered to the right candidate.