Duties:
- Assist the Remediation Manager in managing, leading, mentoring, and guiding the Remediation Team to ensure the effective implementation of the annual remediation and follow-up plan;
- Assist the Remediation Manager in the development and update of internal policies and procedures required for effective remediation practices;
- Carry out timely review of outcomes of compliance examinations and remediation plans announced by subject persons and presenting the outcome of such reviews before the Supervision Committee;
- Participating in Supervision Committee meetings and documenting the results of discussions held, on a timely basis;
- Preparing remediation or closure letters to subject persons clearly describing decisions taken by the Supervision Committee on the outcome of compliance examinations and remediation plans executed by subject persons;
- Assisting in the planning and management of Supervision Committee meetings;
- Carrying out reviews to confirm the effective implementation of remediation plans by subject persons, including through meetings with subject persons, system walk-throughs, documentary reviews and sample-based testing;
- Advising and assisting subject persons to establish appropriate AML and CFT internal structures and controls;
- Participate in training provided to subject persons, supervision officers or other supervisory authorities;
- Cooperating with the Risk Team in providing feedback on compliance examination outcomes and remediation initiatives to assist in the formulation of guidance to subject persons;
Requirements:
- Applicants must be in possession of a university degree in law, banking and finance, financial services, insurance, accounting, economics, or any related subject.
- Candidates in possession of a university degree in another subject will also be eligible for this post, if they have proven experience in an area that is relevant to this position.
- The applicants should be highly proficient in the laws that govern the prevention of money laundering and financing of terrorism in Malta and the international standards and EU legislation in the area.
- Sound knowledge of the relevant EU Directives and related domestic legislation that govern financial and ancillary services would also be required, together with a high level of familiarity with the operations of the financial services sector.
- The candidates should also have excellent analytical and report writing skills. Applicants should be able to show a track record of technical competence, efficiency, leadership, ethical responsibility, and diligence to qualify for this post.