AML Compliance Manager

Job Description

Company Introduction

Job Responsibilities and Duties

• Oversee, review, and approve client onboarding and ongoing monitoring processes;
• Conduct or validate Customer Risk Assessments (CRAs);
• Review team outputs, including customer verification, beneficial ownership checks, source of funds/wealth assessments, and screening results;
• Manage client communication and ensure smooth day-to-day departmental operations;
• Ensure all files and documentation follow the company’s structure and record-keeping standards;
• Prepare or review data and documentation required for internal audits, regulatory inspections, and compliance assessments;
• Handle and/or review transaction monitoring activities;
• Compile quarterly reports and any data needed for board meetings;
• Attend board meetings and support the MLRO, Compliance Officer, and Risk Officer as needed;
• Collaborate with internal departments and regulatory bodies to gather information for statutory reporting and ensure timely submissions;
• Prepare regulatory submissions such as REQ (FIAU), MFSA Annual Return, and Accountancy Board filings;
• Review and update the Group’s AML/CFT Business Risk Assessment and advise on improvements;
• Review and refine Customer Risk Assessments (CRA) as necessary;
• Develop, implement, and oversee company policies and procedures to maintain compliance with relevant laws, regulations, and industry standards;
• Support compliance and risk assessments to identify gaps and evaluate internal controls;
• Design and deliver training sessions on compliance practices, regulatory updates, and ethical standards;
• Monitor operations for potential compliance breaches, investigate suspected issues, and escalate findings to senior management;
• Maintain accurate and organised compliance records;
• Advise senior leadership on regulatory requirements and support the organisation’s broader governance, risk, and compliance strategy;
• Assist with AML/CFT examinations and assessments as required;
• Supervise, guide, and train team members while monitoring their performance;
• Keep internal registers updated using the company’s AML software;
• Update AML manuals and handbooks when needed;
• Perform additional duties or responsibilities as assigned from time to time.

Experience

• Bachelor’s or Master’s degree in Law, Criminology, Banking, or a related discipline;
• At least 3 years of experience in a similar compliance or AML-focused role;
• Experience within corporate service providers, tax practices, or audit firms is considered an advantage;
• Strong understanding of Malta’s Regulatory Compliance framework and AML/CFT requirements, ideally gained within CSP, tax, or audit environments;
• Ability to interpret regulatory updates, statutes, audit findings, and guidance documents, identifying key implications for the business. A clear grasp of regulatory obligations versus industry “best practice” is essential.

Personal Skills

• Self-driven, proactive, and comfortable taking initiative in a fast-paced setting, maintaining a positive and solutions-oriented attitude;
• Capable of working independently with minimal supervision;
• Excellent communication abilities, both written and verbal, with strong persuasive skills;
• Strong analytical, investigative, and critical-thinking skills;
• Highly organised and detail-oriented, with a commitment to delivering high-quality work and exploring creative problem-solving approaches;
• Able to manage multiple priorities, deadlines, and tasks effectively;
• Approachable, collaborative, and confident in communicating across all levels of the organisation, providing expert guidance and influencing stakeholders to support strategic objectives.