Money Laundering Reporting Officer (MLRO)

The Bank is seeking to recruit a Money Laundering Reporting Officer (MLRO) to join its Compliance Department.  

If you are interested in joining the Bank’s team and satisfy the requirements outlined hereunder, then we are interested in you. 

Who we are

We are 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 220 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 are a team of inspired people who believe that opportunities start with a conversation.

Duties and responsibilities

The MLRO will be responsible for ensuring the business achieves and maintains compliance with all current and future MFSA requirements in all areas of responsibility.  Ensure knowledge remains up to date and relevant departments and employees are kept aware of changes within their area of responsibility and that any necessary changes are made to conform within established timescales. Act as compliance support and counsel for Senior Management.

The appointed MLRO must be an MFSA approved person.  S/he must have the necessary knowledge to meet the authority's regulatory requirements, as well as understand how to apply them.

 

You will be responsible to:

  • Ensure that the business complies with the requirements of all applicable anti-money laundering legislation and internal standards;
  • Report any suspicious activity for escalation;
  • Monitor pre-set levels and parameters related to financial transactions, manage alerts and cases from systems and tools and identify behaviours that deviate from the norm and escalate suspicions as required. It will also be required that you investigate and analyse suspicious activity reporting from the business and make recommendations on what action is required;
  • Ensure that the MFSA related training and competency standards are met and maintained for all staff members; and
  • Be point of contact with Regulators.

The MLRO is also expected to :-

  • Act with integrity in carrying out their controlled function.
  • Act with due skill, care and diligence in carrying out their responsibilities.
  • Observe proper standards of market conduct in carrying out tasks.
  • Deal 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.
  • S/he is expected to take reasonable steps to ensure that the business is organised in such a way so that it can be controlled effectively.
  • Ensure that the business complies with the relevant requirements and standards of the regulatory system.

Competencies and experience

The potential candidate must be reliable and trustworthy, well-organised with a disposition to learn and have a team-oriented approach. The candidate should demonstrate good written and verbal communication skills in both English and Maltese.

You must have:

  • A Bachelor's Degree in financial services, accountancy, law, criminology or compliance;
  • Qualifications in Prevention of Money Laundering and Combatting Terrorist Financing or related subjects coupled with a sound knowledge of EU AML Directives and related international standards;
  • A minimum of 5 years' experience as a specialist in Anti-Money Laundering (AML) and Combatting Terrorist Financing (CFT), preferably in a banking environment;
  • Strong problem-solving skills;
  • Excellent analytical skills, business acumen and organisational capabilities;
  • An ability to develop effective working relationships with different stakeholders;
  • An independent oversight and an in-depth strategic thinking skills; and
  • Enthusiasm, with a positive and proactive approach to work.

 

How to apply

If you want to be part of our team, we invite you to send us a detailed CV highlighting your achievements. Applications should reach the Bank only by email on vacancies@bnf.bank.


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