Compliance Officer & MLRO

Job Description

Company Introduction

Job Responsibilities and Duties

• Ensure compliance with MFSA regulations at all times;
• Ensure compliance with Data Protection Act and associated EU directives;
• Maintain effective relationships with the MFSA and other governmental bodies/agencies;
• Handle any request or inquiry in an open and cooperative manner
• Identify key regulatory, conduct and operational risks and implementing mitigants;
• Develop and implement an appropriate compliance strategy;
• Develop appropriate client on-boarding/KYC policies, procedures and systems;
• Advise, assist, monitor and assess compliance with non-financial regulatory obligations;
• Monitor and assess the effectiveness of systems and controls, in line with regulatory requirements and ‘best practices’;
• Identify and implement plans for the remediation of weaknesses and deficiencies;
• Governance Structure, ensuring that governance and Management responsibilities are clearly identified and updated accordingly;
• Provide regulatory advice across the different business lines;
• Ensure compliance responsibilities are taken seriously, and a compliant culture is embedded within all levels of the business;
• Ultimate responsibility for ensuring complaint handling procedure are compliant with regulatory requirements;
• Acts as an independent review and evaluation body to ensure that compliance Issues/concerns within the organisation are being appropriately evaluated, investigated and resolved;
• Prevention of regulatory fines and penalties;
• Provide regulatory advice covering the operations of the firm and pragmatic advice to the business related to AML requirements;
• Advise senior management team and all employees where necessary of emerging compliance issues, implementation and operation of compliance programs;
• Give full support and guidance to line managers on all MFSA matters;
• Responsible for developing and implementing a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance and AML/CTF risks;
• Responsible for the development and implementation compliance and AML/CTF policies and procedures, ensuring regulatory and legislative requirements are met;
• Filing of appropriate compliance reports with MFSA and other regulatory bodies by due dates;
• Preparation of management reports regarding compliance operations for senior management and the board e.g., annual MLRO Report;
• Responsible for day-to-day management of employee training on compliance matters, including internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, promoting and enhancing a strong compliance culture.

Experience

• Fluent in written and spoken English;
• Previous experience in a similar role is a must;
• Preferably candidates should already be PQ’d by the MFSA;
• Mifid2 and MFSA rules knowledge and experience.

Personal Skills

• CFD business experience
• Attentive to detail;
• Can work under pressure.