Job Description
Position Overview:
We are seeking an experienced and diligent Money Laundering Reporting Officer (MLRO) to join a prominent financial institution based in Malta. The MLRO will be responsible for ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. This role will oversee AML compliance for the Malta-licensed entity, ensuring that all policies and procedures meet the regulatory standards set by local authorities and international bodies.
About The Role:
Join a leading organization in the financial services and payments sector, offering innovative solutions to streamline business transactions. Focused on delivering exceptional customer satisfaction, we are looking for a highly skilled MLRO to strengthen our team in Malta. If you have a proven track record in AML and compliance within the payments or fintech industries, we would love to hear from you.
As a MLRO your broad responsibilities will include but are not limited to:
AML/CFT Compliance:
- Develop, implement, and maintain an effective AML/CFT framework in line with industry regulations.
- Ensure adherence to both local and international AML standards, including those outlined by regulatory bodies such as the FIAU, MFSA, and the Central Bank of Malta.
- Continuously review and update internal AML/CFT policies to ensure alignment with evolving regulatory requirements.
- Serve as the primary liaison for regulatory authorities on AML/CFT matters, including businesses operating in the crypto space.
Reporting:
- Manage the filing of suspicious activity reports (SARs) with the relevant authorities.
- Prepare and submit periodic AML/CFT reports to senior management and relevant regulatory bodies.
- Lead internal investigations into suspected money laundering activities and report findings.
Risk Assessment and Monitoring:
- Perform regular risk assessments to evaluate the risks associated with the company’s products, services, and clients.
- Oversee the implementation of transaction monitoring systems to detect any suspicious activity.
- Supervise customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk clients, ensuring that a risk-based approach is consistently followed.
Training Development:
- Deliver AML/CFT training to staff members across the organization to ensure adherence to internal policies.
- Develop training materials and host workshops to ensure employees are up-to-date with their AML obligations.
Collaboration:
- Work in close partnership with internal departments, including Legal, Operations, and Risk Management, to ensure a unified compliance approach.
- Engage with external stakeholders such as auditors, regulators, and law enforcement to ensure transparency and effective compliance.
Audits and Examinations:
- Coordinate and manage internal and external AML/CFT audits.
- Implement corrective actions in response to findings from audits or regulatory inspections.
Qualifications and Skills:
- Proven experience as an MLRO, Compliance Officer, or in a similar role within the financial services sector in Malta.
- Deep knowledge of AML/CFT regulations, particularly in the context of the FIAU’s Implementing Procedures.
- Strong experience in managing cross-border regulatory compliance and assessing risks.
- Expertise in transaction monitoring systems and reporting protocols.
- Excellent communication skills, both written and verbal, with the ability to liaise effectively with regulators, auditors, and internal teams.
- Professional certifications such as ICA Diploma in AML, ACAMS, or equivalent are highly desirable.
Education:
- A Bachelor's degree in a relevant field such as law, finance, or business.
- A postgraduate degree in compliance, financial crime, or risk management would be advantageous.
Benefits:
- Competitive salary based on experience.
- Opportunities for career growth and development within a dynamic international financial services organization.
- Health and wellness benefits.
- A collaborative and inclusive working environment focused on innovation.
