MLRO (m/f/o)

Tasks

• Ensure there is adequate entity wide knowledge on the internal reporting requirements which must be actioned when there is suspicion or reasonable grounds for suspicion that (i) funds are the proceeds of criminal activity (ii) funds are related to funding of terrorism (iii) a person may have been, is or may be connected to the funding of terrorism
  
• Receive internal STRs re knowledge or suspicion of ML/FT and conduct the required checks in order to evaluate whether knowledge or suspicion of ML/FT sussists
  
• Submit external STRs re knowledge or suspicion of ML/FT to the FIAU within the timelines established by the appropriate regulatory framework – retaining the applicable documentary evidence where reports are not submitted externally
  
• Ensure that yearly reporting obligations (REQ/BRA) to the FIAU are submitted
  
• Sign-off / review (i) new products and business initiatives as compliant with the applicable regulatory requirements and (ii) the onboarding / maintenance / exiting of client relationships as may be appropriate – in liaison with the Head of Compliance and Business Units as appropriate
  
• Ensure that (i) adequate and up to date AML/CFT related training is provided to all staff and intermediaries on a regular basis (ii) periodical checks are completed intended to confirm adherence to current policies and procedures
  
• Monitor the upkeep of the  Company’s AML Handbook
  
• Document periodical updates on Financial Crime Compliance issues in reports submitted through governance structures including the Risk & Complaince Committee and the Board of Directors
  
  

Requirements

• Proven experience in an MLRO, Deputy MLRO, or senior AML/CFT compliance role, preferably within the insurance or financial services sector
  
• Strong working knowledge of Maltese AML/CFT legislation, FIAU Implementing Procedures, and applicable EU regulations and directives
  
• Experience in Handling and assessing internal and external STRs, submitting STRs and statutory reports to the FIAU within prescribed timelines
  
• Strong ability to design, implement, and maintain AML/CFT systems, controls, and policies, including AML Handbooks
  
• Proven capability to deliver AML/CFT training to staff and intermediaries and to assess effectiveness through periodic testing
  
• Experience reporting to senior management, Risk & Compliance Committees, and Boards of Directors
  
• Excellent analytical, decision-making, and documentation skills with high attention to detail
  
• High level of integrity, independence, and professional judgment
  
• A relevant professional qualification in AML, Compliance, Risk, or Financial Crime (e.g. ICA, ACAMS, or equivalent) is required
  
• Position will be subject to PQ (Personal Questionnaire) approval by the relevant regulator