Jobs Plus Permit No: 161/2023

In line with the aim of further strengthening Malta’s Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) regime, the FIAU was vested with the power to monitor compliance with the Use of Cash (Restriction) Regulations (SL 373.04) (“the Regulations”). Through these regulations, the FIAU aims at reducing the illegal use of cash in Malta in certain sectors of the Maltese economy so as to decrease the possibility that these sectors are exploited for ML/FT purposes. The Cash Restriction Section is responsible for raising awareness with respect to the Regulations whilst having the necessary controls in place to detect, investigate and sanction cases of illegal use of cash.

In this regard, the FIAU is seeking to recruit a Junior Financial Investigator to strengthen the Cash Restriction Section.

The Role:

Assist in the conduct of compliance investigations, collect the necessary evidence and draw up reports in relation to suspected cases of breach to the Regulations
Liaise and cooperate with various stakeholders and competent authorities, including Government agencies
Assist with the enforcement of both administrative and criminal aspects of the law
Assist in the analysis of transactional data to detect suspicious transactions that require an in-depth compliance investigation to ensure adherence to the Regulations
Participation in internal meetings and committees as may be required
Dealing with incoming and outgoing correspondence and maintaining the Case Management System updated
Carrying out onsite visits to gather the necessary information
Assisting in the Collection of comprehensive statistical data
Provide support during FIAU ad-hoc projects
Represent the FIAU at local or international meetings and workshops as necessary
Carry out any other duties as assigned by management

Requirements

An MQF Level 5 qualification in Banking, Law, Accountancy, Forensic Accountancy, Audit, Finance or any other qualification coupled with at least 2 years’ work experience

An MQF Level 4 qualification in Banking, Law, Accountancy, Forensic Accountancy, Audit, Finance, or any other qualification, coupled with at least 3 years’ work experience
Fluency in both Maltese and English is essential
Sound knowledge and practical understanding of the Use of Cash (Restriction) Regulations (SL 373.04) and other laws that govern the prevention of money laundering and financing of terrorism in Malta, and the applicable international standards and EU legislation
Outstanding written and verbal communication skills
Proficiency in the use of Microsoft Office and office automation tools
Acquaintance with data visualisation tools such as Microsoft Power BI and i2 Analyst’s Notebook
Excellent analytical and report writing skills and a proven track record of technical competence, efficiency, leadership, ethical responsibility, and diligence

We Offer

Health and 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)

Junior Financial Investigator

Job Description