AML Manager

Job Description

Company Introduction

Our client is a leading financial firm.

Job Responsibilities and Duties

• Support the execution of the AML Monitoring Programme, ensuring effective implementation;
• Oversee daily AML operations, providing guidance and coaching to the team;
• Stay updated on regulatory changes related to the Financial Institutions Act, including subsidiary legislation and directives from MFSA, the Central Bank, and the Financial Intelligence Analysis Unit;
• Act as a liaison with external regulatory bodies, enforcement agencies, and relevant counterparties;
• Prepare and submit Suspicious Transaction Reports (STRs) as required;
• Keep up to date with AML regulations, emerging fraud trends, and industry best practices to enhance operational processes and system monitoring;
• Supervise the AML team’s daily tasks, ensuring adherence to the Customer Acceptance Policy and Transaction Monitoring Policy for both retail and corporate clients;
• Analyze financial transactions to identify and prevent fraudulent activities, including payment irregularities and unusual account patterns, while refining monitoring procedures;
• Continuously assess AML and fraud prevention measures, recommending improvements to operational processes and system controls;
• Conduct training sessions and provide ongoing support to team members, key personnel, and stakeholders;
• Report key performance indicators and ongoing monitoring updates to the Head of Department, assisting with Board of Directors reporting;
• Contribute to remediation projects, including case sampling and assessments;
• Assist in evaluating the risks associated with outsourcing arrangements and third-party ICT providers;
• Support the implementation of the Digital Operational Resilience Act and related regulatory requirements.

Experience

• Ideally possess a degree in Compliance, Law, Banking & Finance, or another relevant field with appropriate qualifications;
• Capable of assessing compliance, anti-money laundering (AML), and business risks, and implementing effective solutions to mitigate these risks.

Personal Skills

• Demonstrate excellent written and verbal communication skills in English, including the ability to produce reports;
• Exhibits a strong moral character and professional integrity;
• Works effectively within a team, shows initiative when needed, and knows when to escalate issues to management;
• Displays meticulous attention to detail and accuracy.