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.