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Compliance Services Executive/Consultant

Location: Malta Salary: 25000 - 45000 EUR Per Annum
Sector: Financial Services Job Type: Contract
Shift Type: N/A Applications: N/A
Posted: 25 days ago Reference: 3043281
REED Specialist Recruitment are working with a boutique international company that provides a range of business support services to regulated entities operating in the financial services sector in various jurisdictions including Malta. The company acts as compliance and regulatory consultants to clients new to the island and to other clients who wish to outsource their compliance officer and related functions to an external service provider.

My client is looking for YOU – their next Compliance Services Professional to join a great team with supportive and flexible management.

Your team’s remit will be responsible for compliance and regulatory needs of clients on a day-to-day basis. The executives work closely and directly with the several allocated clients who outsource their compliance function to the company, and in some instances the executives are appointed by the clients as their approved Compliance Officer.

As a core member of the business you will be required to;
• Provide compliance assistance, support and consultancy to clients assigned across the various financial sectors in Malta;
• Act as the nominated Compliance Officer of clients across the various industry sectors;
• Duties are varied, but executives typically:
• Pay regular visits to client offices to review practical compliance issues as they arise;
• Conduct structured Compliance Monitoring Programmes, and prepare resulting Compliance Reports for the client’s Board of Directors on a periodic basis;
• Prepare and ensure client implementation of relative procedures (Compliance and AML/CFT), and update as required;
• Conduct due diligence reviews for clients;
• Maintain clients’ registers (breaches, incidents, complaints, etc.);
• Assist in the management of clients’ complaints;
• Update and manage the regulatory and compliance diary for clients;
• Provide support to the client’s Money Laundering Reporting Officer on matters relating to financial crime;
• Provide regulatory and compliance training to clients if required;
• Assist with licence applications for new licensees;
• Assist and advise clients on MFSA or FIAU on-site visits, and provide support for remedial actions etc as may be required
• Fulfil any other duties normally associated with a Compliance Officer.
• You will be required to be approved by the MFSA to act as a Compliance Officer, and will maintain personal training, qualifications and Continuing Personal Development, including attendance at suitable seminars, workshops etc. where appropriate.

The role requires a competent compliance professional, perhaps a lawyer specialising in financial regulations, recognised and approved by the MFSA to fulfil a Compliance Officer position; Strong technical knowledge but with the ability to put this into practice at client level; Candidates from individual financial sectors will be considered, but with an interest in and ability to develop and to learn the specific regulatory requirements and legislation across the varied businesses operating in Malta. This is not a desk-bound, single licensee position. This role requires someone to visit various clients and assist with their compliance obligations, so ability to adapt and manage client workload is important.

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