MLRO Officer

Job Description

Company Introduction

Job Responsibilities and Duties

• Act as the main point of contact with the FIAU and other relevant regulatory authorities;
• Review, investigate, and submit Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs);
• Handle requests, queries, and follow-up communications from the FIAU, Police, and other authorities;
• Maintain and update the annual Risk Evaluation Questionnaire (REQ) and Centralised Bank Account Register (CBAR);
• Maintain and regularly review the Business Risk Assessment (BRA);
• Develop, review, and update AML/CFT policies, procedures, and internal manuals;
• Oversee the Customer Risk Assessment (CRA) framework and ensure its consistent application across the business;
• Ensure effective customer due diligence, enhanced due diligence, onboarding, and ongoing monitoring processes;
• Review and approve high-risk customer relationships and escalated cases;
• Oversee transaction monitoring activities and the management of alerts;
• Conduct or supervise investigations relating to unusual or potentially suspicious activities;
• Ensure appropriate documentation, audit trails, and case management records are maintained;
• Prepare periodic AML/CFT reports for the Board of Directors, Committees, and Senior Management;
• Provide independent oversight and challenge on AML/CFT matters;
• Ensure AML/CFT policies and procedures remain effective, relevant, and up to date;
• Develop and deliver AML/CFT training programmes for employees, directors, and other stakeholders;
• Monitor regulatory developments and support the implementation of new AML/CFT requirements;
• Coordinate and oversee remediation actions arising from internal audits, external audits, and regulatory reviews;
• Support the ongoing enhancement of AML/CFT systems, controls, and processes.

Experience

• Previous experience as an MLRO or Deputy MLRO;
• Strong knowledge of Maltese AML/CFT legislation, FIAU Implementing Procedures, and relevant EU Directives;
• Professional certifications such as ICA or ACAMS will be considered an asset;
• Must be eligible for MFSA/FIAU approval as a Key Function Holder.

Personal Skills

• High ethical standards and professional integrity;
• Strong analytical, investigative, and decision-making abilities;
• Excellent communication and stakeholder management skills;
• Ability to work independently and exercise sound judgement;
• Strong organisational skills and attention to detail.