The Role

The FIAU is inviting applications for the AML/CFT Compliance Associate role within the Supervision Section. Opportunities are currently available within the Credit and Financial Institutions (CFI), Designated Non Financial Businesses and Professions (DNFBPs) sectors and Investments, VFAs (Crypto) and Gaming (IVG).

By joining the FIAU’s Supervision team you will be given the unique opportunity to have direct experience in AML/CFT compliance with Malta’s sole AML/CFT regulator. Your duties will be focused on carrying out supervisory visits to ensure that subject persons are compliant with their AML/CFT obligations and guiding subject persons towards compliance.

Join us and contribute to shaping the future of anti-money laundering and counter-terrorist financing efforts!

Duties and Responsibilities

Plan and execute compliance examinations, in line with internal procedures, to assess subject persons’ adherence to AML/CFT obligations and whether the control framework is adequate towards ensuring that ML/FT risks are adequately mitigated.
Analyse results of compliance examinations and prepare compliance examination reports in a timely manner to clearly document such results.
Contribute to advising and assisting subject persons to establish appropriate AML and CFT internal structures and controls.
Assist the Risk team in carrying out risk assessments, execution of risk verification procedures and provision of feedback on the outcome of compliance examinations, as well as the Remediation team in following up on the results of compliance examinations.
Liaise, coordinate, and cooperate with various Competent Authorities, including the Malta Financial Services Authority/ Malta Gaming Authority / Sanctions Monitoring Board / the National Coordination Committee for the Prevention of Money Laundering and Funding of Terrorism / the Malta Police Force and others as may be required from time to time.
Participate in training provided to subject persons, supervision officers or other supervisory authorities.
Assisting in other task-related to evaluations and assessments being undertaken by various local and international bodies such as the EU, the Egmont Group, MONEYVAL, FATF, etc.

Requirements

University degree or an equivalent qualification (MQF Level 6) in Risk Management, Banking and Finance, Financial Services, Audit, or in any other subject relevant to this position, together with 3 years’ experience.

MQF Level 5 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject relevant to this position and at least 4 years of work experience relevant to this post.
Applicants should be knowledgeable about the laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation.
Knowledge and/or experience in carrying out AML/CFT-related checks, report writing or audit engagements and familiarity with the sector/s in which subject persons operate, such as gaming, TCSPs, investments or the virtual financial assets sector.
Outstanding written and verbal communication skills in English, as well as strong analytical and report writing skills.
Proficiency in the use of Microsoft Office.
A clean criminal record.

What we offer

Health insurance group cover.
Life insurance group cover.
Work from home.
Sponsorship training scheme.
Training and study leave.
Family-friendly measures.
Team building events.
Free parking (first-come, first-served).

Jobsplus Permit No: 500/2023

AML / CFT Compliance Associate

Job Description