MLRO
Posted 10 days agoMalta, EUROPEAttractive SalaryJob Reference: 37368
An established business is continuing with strategic growth and wish to hire an MLRO.
The MLRO is a senior leadership position responsible for developing, implementing, and maintaining the company’s comprehensive compliance and anti-money laundering (AML) framework.
This role combines strategic oversight with hands-on operational management and serves as the primary point of contact for all regulatory bodies.
The successful candidate will ensure that all aspects of the company’s operations comply with local and international regulations, foster a culture of ethical conduct, and mitigate financial crime risks through effective controls, training, and reporting mechanisms, whilst keeping the business momentum of a high growth organisation.
The MLRO is responsible for ensuring the company's continued compliance with all its legal obligations and maintaining best industry practice with respect to AML & CTF Compliance.
Main duties will cover;
The person:
The MLRO is a senior leadership position responsible for developing, implementing, and maintaining the company’s comprehensive compliance and anti-money laundering (AML) framework.
This role combines strategic oversight with hands-on operational management and serves as the primary point of contact for all regulatory bodies.
The successful candidate will ensure that all aspects of the company’s operations comply with local and international regulations, foster a culture of ethical conduct, and mitigate financial crime risks through effective controls, training, and reporting mechanisms, whilst keeping the business momentum of a high growth organisation.
The MLRO is responsible for ensuring the company's continued compliance with all its legal obligations and maintaining best industry practice with respect to AML & CTF Compliance.
Main duties will cover;
- Create a robust, risk-based compliance program that aligns with the company’s strategic objectives and regulatory obligations.
- Provide regular updates, strategic advice, and comprehensive reports to the Board of Directors and executive management regarding compliance risks, policy updates, and operational effectiveness. Work with the UK MLRO to ensure streamlined operations.
- Interpret and implement relevant local and EU regulatory requirements (e.g., AML/CFT, Consumer Protection, Payment Services Directives) ensuring that policies are aligned with industry best practices.
- Ensure that compliance and MLRO functions operate with independence and autonomy, with direct reporting lines to senior management or a board-appointed committee as required.
- Act as the designated Money Laundering Reporting Officer (MLRO), overseeing all AML and combating the financing of terrorism activities. This includes receiving, assessing, and investigating internal reports and suspicious transaction reports (STRs), and escalating issues to the FIAU when warranted.
- Develop and maintain comprehensive business risk assessments (BRAs) and customer risk assessments to identify, monitor, and mitigate potential money laundering and financial crime risks.
- Oversee Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring processes to ensure high-risk relationships are managed effectively.
- Prepare and submit timely and accurate regulatory reports (e.g., STRs, periodic AML/CTF reports) to the MFSA, FIAU, and other relevant authorities.
- Draft, review, and update compliance policies, procedures, and manuals to reflect current regulatory changes and emerging risks.
- Develop and implement regular compliance and AML training programs for employees at all levels, ensuring that staff are knowledgeable about relevant regulations and internal controls.
- Monitor the effectiveness of compliance controls, lead internal audits, and ensure timely remediation of identified deficiencies. Work closely with external auditors and regulatory examiners during inspections.
- Leverage compliance technology and data analytics to enhance transaction monitoring, risk assessment, and reporting processes. Manage projects related to compliance software implementations.
- Act as the primary contact for all regulatory and enforcement bodies, managing inquiries, inspections, and communications.
- Stay current with evolving AML/CFT trends, participate in industry forums, and ensure the company’s practices are benchmarked against best practice standards.
- Work closely with legal, risk management, internal audit, IT, and business units to embed compliance into all aspects of operations.
The person:
- Bachelor’s degree in Law, Finance, Business Administration, or a related discipline. A Master’s degree or equivalent professional qualification is highly desirable.
- Relevant AML certifications (e.g., ACAMS, ICA Diploma) or other recognized compliance certifications.
- Significant years of experience in regulatory compliance, AML/CFT, or financial crime prevention. Prior experience as an MLRO or in a senior compliance role is essential.
- Experience working with and obtaining approvals from the MFSA or similar regulatory bodies is advantageous.
- Deep understanding of Maltese AML laws, FIAU procedures, and EU regulatory frameworks.
- Ability to analyse complex data, identify emerging risks, and implement effective solutions.
- Excellent verbal and written communication skills, with the ability to convey complex regulatory information to diverse stakeholders.
- Proven ability to lead, mentor, and motivate cross-functional teams, fostering a culture of accountability and continuous improvement.
- Exceptional organizational skills and high attention to detail, ensuring accuracy in regulatory reporting and documentation.
- Familiarity with compliance software like Sumsub, data analytics, and other technological tools used in monitoring and reporting.
- Strong judgment and the ability to make timely, informed decisions under pressure while maintaining independence and objectivity.
- Reports directly to the CEO/Managing Director and, when necessary, the Board of Directors or a designated compliance committee.
An attractive salary is on offer with bonus and benefits package.
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