Compliance Officer

Job Description

Company Introduction

Job Responsibilities and Duties

• Monitor and ensure ongoing compliance with MFSA requirements, licence conditions, and applicable EU regulations;
• Carry out compliance monitoring reviews and compliance risk assessments;
• Identify compliance weaknesses and support the implementation of corrective measures;
• Ensure compliance with AML/CFT requirements in accordance with FIAU Implementing Procedures and EBA guidelines;
• Develop, review, and maintain compliance policies, procedures, and internal manuals;
• Monitor the effectiveness of internal controls in mitigating compliance and AML/CFT risks;
• Assist with the implementation of new regulatory and legislative requirements;
• Serve as the primary contact for regulatory authorities, including the MFSA, FIAU, CBM, and other relevant bodies;
• Prepare and submit regulatory notifications, reports, and returns;
• Coordinate regulatory inspections and manage responses to regulatory information requests;
• Support AML/CFT oversight responsibilities in the capacity of Deputy MLRO;
• Monitor suspicious activity and assist with the preparation and submission of STRs where required;
• Promote staff awareness of AML/CFT obligations and support related training initiatives;
• Deliver compliance and AML/CFT training sessions to employees;
• Provide guidance to management on regulatory requirements, compliance risks, and industry best practices;
• Foster and promote a strong culture of compliance throughout the organisation;
• Investigate compliance breaches and oversee remediation activities;
• Prepare regular compliance reports for Senior Management and the Board of Directors;
• Maintain compliance registers, including breaches, complaints, and conflicts of interest.

Experience

• Degree in Law, Finance, Banking, Compliance, or a related field;
• Minimum of 4-6 years’ experience within Compliance, AML/CFT, or regulatory functions within the financial services industry;
• Strong knowledge of MFSA Financial Institution Rulebooks, FIAU Implementing Procedures, and relevant EU financial services regulations;
• Professional compliance certifications will be considered an asset;
• Previous MFSA PQ approval for a similar function will be considered an asset.

Personal Skills

• Strong knowledge of regulatory frameworks and compliance risk management;
• Excellent written and verbal communication skills, including report writing;
• Ability to work independently and make sound decisions;
• Strong attention to detail and organisational abilities;
• High ethical standards and professional integrity;
• Strong analytical and critical thinking skills.