AIMS International Malta is assisting one of our clients in the financial services industry in recruiting an AML Compliance Manager to strengthen their team.
Responsibilities:
-
Carry out, review, and approve client onboarding and ongoing monitoring activities
-
Run or approve Customer Risk Assessments (CRAs)
-
Review the team’s work, including verification of customer identity, beneficial ownership, source of funds/wealth, and screening reports
-
Oversee client communications and ensure the smooth running of day-to-day operations
-
Ensure file organization and structuring are in line with the Company’s structure and record-keeping policies
-
Prepare and review data and documentation for internal audits, regulatory inspections, and compliance reviews
-
Prepare and review transaction monitoring for clients
-
Prepare quarterly reports and other data required for Board meetings
-
Attend Board meetings and shadow the MLRO/Compliance/Risk Officer during Board meetings
-
Liaise, when necessary, with internal departments and regulatory bodies to gather data for regulatory reporting and ensure timely submission
-
Prepare data for REQ (FIAU), Annual Returns for the MFSA, and returns for the Accountancy Board
-
Review and update the Group’s AML/CFT Business Risk Assessment and recommend updates accordingly
-
Review the Group’s Customer Risk Assessments (CRAs) and recommend updates as required
-
Create, implement, and oversee company policies and procedures to ensure compliance with applicable laws, regulations, and industry standards
-
Assist with compliance and risk assessments to identify potential issues and evaluate the effectiveness of existing controls
-
Develop and deliver training programs to educate employees on compliance protocols, regulations, and ethical standards
-
Monitor business operations for compliance breaches, investigate potential violations, and report findings to management
-
Maintain accurate and up-to-date records of compliance activities
-
Advise executive leadership on regulatory matters and contribute to the organization’s governance, risk, and compliance strategy
-
Act as a support officer in performing AML/CFT examinations to assess compliance with AML/CFT obligations
-
Monitor team performance and provide training and guidance as required
-
Maintain internal registers through the AML software and ensure they are kept up to date
-
Update AML handbooks as required
-
Perform any other duties and responsibilities as assigned from time to time
Requirements:
-
Bachelor’s or Master’s degree in Law, Criminology, Banking, or another related field
-
3+ years’ experience in a similar role
-
Thorough understanding of Malta regulatory compliance requirements and AML/CFT regulations, preferably within a corporate service provider, tax, or audit firm
-
Excellent analytical and investigative skills