Money Laundering Reporting & Compliance Officer (MLRO)


We're a leading financial institution, a key player in the Maltese market and part of a highly diversified multi-national group of companies. Employing a team of 270 employees, the Bank offers a full range of lending and savings solutions to both personal and business customers. We strive to offer a highly personalised service through our network of twelve retail branches spread across the Maltese Islands.

We're a team of inspired people who believe that opportunities start with a conversation.

Duties & Responsibilities

The Money Laundering Reporting & Compliance Officer (UK operations), hereinafter being referred to as the 'UK MLRO & Compliance Officer' is responsible for all aspects of the Bank's Anti-Money Laundering (AML) and Counter Terrorism Financing (CFT) frameworks as well as compliance functions in relation to activities conducted by the Bank from the UK Branch. He/she forms part of the Bank's Compliance Function and is resident in the UK.

The UK MLRO & Compliance Officer must be an approved person by the MFSA (Malta's regulator) and the Financial Conduct Authority (FCA) in the UK or any other regulatory authority, as applicable from time to time.  S/he must have the necessary knowledge to meet such authorities regulatory requirements, as well as to understand how to apply them. He/she must ensure his/her knowledge remains up to date and must be able to transpose such knowledge in the Bank's Policies, Procedures or Working instructions and be capable to maintain excellent and close relations with the Regulators.

You will be responsible for:

  • ensuring that the Bank achieves and maintains compliance with all current and future regulatory requirements in relation to AML/CFT;
  • ensuring that the Bank and employees within the UK operations are kept aware of their regulatory obligations within their area of responsibility and changes thereof;
  • carrying out a risk assessment, in line with the Bank's Policies and Procedures, measuring the Bank's threats and vulnerabilities of the Bank's UK operations to money laundering and funding of terrorism (referred to as the Business Risk Assessment (BRA);
  • formulating and updating the Customer Risk Assessment in cooperation with the Bank's CRO, and MLRO responsible for the Maltese operations and overall activities of the Bank;
  • monitoring transactions, managing alerts and whether triggered through systems and any other tools available to identify transactions and activities that deviate from the norm;
  • investigating and analysing suspicious activity reporting from the Bank's staff and reporting accordingly to the regulators as required;
  • being the point of contact with regulators on issues relating to money laundering and funding of terrorism within the Bank's UK activities;
  • ensuring that the Governance, Risk and Compliance Frameworks of the Bank are operating effectively, and kept up-to date in line with the Risk Appetite of the Bank and the UK regulations;
  • ensuring that any MFSA and FCA training and/or competency standards in relation to AML/CFT are met and maintained both personally and also for all staff members connected with the UK operations;
  • compiling, assess and report any money laundering and financing of terrorism risks to the CEO, CRO, Executive Committee, and the Board of Directors though the Risk Committee of the Board; and
  • conducting his/her evaluations in an objective and impartial manner, which means that he/she must pursue his/her duties free of prejudices and must avoid conflict of interest;
  • maintaining the highest standards of market practice / knowledge, integrity, ethical and moral conduct as established by the relevant Authorities and Regulatory Bodies; and
  • dealing with all regulators in an open and co-operative way and must disclose appropriately any information of which the regulator would reasonably expect notice of.

Competencies & Experience

The potential candidate should have a positive attitude, be well-organised, with a disposition to learn. The selected candidate must be meticulous with a team-oriented approach to work.

You must:

  • have a Bachelor's Degree with a minimum of 10 years' experience within the Financial Services and the relative regulatory environment;
  • possess critical competencies risk analysis, business acumen and organisational capabilities;
  • have the ability to develop effective working relationships with different stakeholders;
  • have strong verbal and written communication skills;
  • be committed with an independent oversight;
  • be enthusiastic, with a positive and proactive approach to work; and
  • have excellent analytical skills, business acumen and organisational capabilities.

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