Compliance and Legal Manager

Job Description

Company Introduction

Job Responsibilities and Duties

• Lead and manage the Compliance Team, ensuring effective oversight and performance;
• Draft, review, and manage clients’ agreements with third-party entities;
• Oversee operational legal matters, including coordinating with external legal services;
• Prepare and review quarterly compliance reports for the Chairman and/or Board, ensuring adherence to the Corporate Services Providers Act, CSP Rulebook, and FIAU requirements;
• Ensure ongoing compliance with relevant laws and regulations, including the Corporate Services Providers Act, CSP Rulebook, Corporate Governance Code, Accountancy Board, and FIAU;
• Implement and maintain a robust legal compliance monitoring system and adapt as necessary;
• Review and prepare Quarterly MLRO Reports for submission to the Chairman and/or Board;
• Complete and update the annual Risk Evaluation Questionnaire (REQ);
• Conduct regular Business Risk Assessments of the company and update them as necessary;
• Maintain risk management policies and procedures, ensuring they identify risks associated with the company’s activities and establish appropriate risk tolerance levels;
• Develop and implement effective controls and mechanisms to manage and mitigate identified risks;
• Regularly review and update the company’s Risk Register concerning clients;
• Manage inspections and audits conducted by regulatory bodies, such as the MFSA and/or FIAU;
• Serve as the main point of contact with regulatory authorities;
• Fulfill reporting obligations to the necessary authorities as required;
• Develop, update, and review internal company policies and procedures to ensure regulatory compliance;
• Ensure adherence to AML and KYC requirements, and monitor onboarding and ongoing client activities;
• Perform and oversee internal audits, identifying areas for improvement;
• Collaborate with external consultants to address compliance challenges;
• Provide continuous training to company staff on the latest regulations and industry best practices;
• Oversee compliance with international anti-money laundering laws, sanctions, and the reporting of suspicious activities;
• Ensure timely communication and reporting to the MFSA and other regulatory bodies;
• Monitor the introduction of new policies or functions within the company and ensure they are implemented appropriately.

Experience

• Hold a Doctorate in Law or a recognized legal degree from Malta;
• A minimum of 6 years' experience in a similar role;
• In-depth understanding of the regulations and standards governing Corporate Services, Accounting, and Auditing industries;
• Extensive experience and knowledge in Due Diligence, Anti-Money Laundering (AML) practices, and related functions;
• Proficient in using MS Office applications.

Personal Skills

• Excellent communication skills, both in English and Maltese;
• Ability to take initiative and manage responsibilities in a fast-paced, dynamic work environment;
• Strong organizational and problem-solving abilities.