Required SkillsAdvisory AML Analytical Attention to Detail Communication Compliance Corporate Services Due Diligence KYC Leadership Microsoft Office Monitoring Presentation Problem Solving Reporting Risk Assessment Time Management Training Written and Oral English Communication
Our client is an established corporate service provider.
Job Responsibilities and Duties
- Ensure the company adheres to all relevant laws and regulations in Malta, including financial, data protection, anti-money laundering (AML), and industry-specific regulations;
- Develop, implement, and update internal policies and procedures to ensure that they align with regulatory requirements and industry best practices;
- Monitor the company’s activities regularly, addressing compliance issues and reporting findings to senior management in quarterly reports;
- Provide training to employees on compliance matters, fostering awareness of responsibilities and the importance of compliance;
- Collaborate with other departments to assess and manage risks associated with non-compliance. Develop strategies to mitigate these risks and enhance overall risk management efforts;
- Conduct internal audits and investigations to ensure compliance and address any identified issues promptly. This may involve working closely with external auditors or regulatory authorities;
- Serve as a point of contact for regulatory authorities in Malta. This involves maintaining open lines of communication and providing necessary documentation and information as and when required;
- Provide guidance and advice to employees on compliance-related matters. This may include interpreting complex regulations and ensuring that the business operates within legal and ethical boundaries;
- Assist other entities within the group in collecting due diligence and regulatory reporting, supporting the MLRO in compliance matters;
- Ensure that proper records are maintained, including customer due diligence information and records of transactions. This is essential for audit purposes and for demonstrating compliance with AML and CTF regulations;
- Promote a culture of ethics and integrity within the organization and encourage employees to report any unethical or non-compliant behaviour;
- Identify opportunities for process improvement in relation to compliance and recommend and implement changes to enhance the overall compliance program;
- Lead and manage the KYC team, providing guidance and support to team members whilst fostering a positive and collaborative team culture;
- Conduct performance evaluations for team members, identify areas for improvement, and provide constructive feedback;
- Stay informed about advancements in KYC technology and recommend updates or changes to current systems.
- Familiarity with corporate industry regulations and standards;
- In-depth understanding of the Maltese regulatory framework;
- Expertise in due diligence and AML functions and practices;
- Have previous Management experience;
- Proficiency in both written and spoken English;
- Proficient in the use of Office Applications.
- Ability to manage multiple tasks and meeting tight regulatory deadlines;
- Able to work independently as well as in a team;
- Attention to detail;
- Strong communication and presentation skills;
- Analytical thinking and ability;
- Able to demonstrate independence of judgement;
- Problem solving skills;
- Have a proactive approach and possesses the ability to think outside the box.