Job Ref: Head of Compliance

Location: Malta

Salary: 90k+

Salary Details: In return for your services you will be offered Fantastic benefits and bonus packages

Job Description

My client who are a leading Payments service provider - Online Payments & Acquirer are currently looking for a Head of compliance to be based from Malta. 

 Job Description

The  Head of Compliance will be responsible for Anti Money Laundering (AML) monitoring and sanctions screening for all EU booked activity across Secure Trading Financial Services businesses and to provide KYC Compliance support across the merchant base while being responsible for the compliance to all MFSA regulatory requirements.

Duties and responsibilities:

• Being the point of contact for and liaising with the regulators (the MFSA). This will include ensuring the company is compliant with all MFSA reporting requirements and reviewing all marketing material from an MFSA standpoint
• Ensure the completion of statutory returns (MFSA) and compliance reporting to the relevant regulator and authorities
• Ensure compliance to all card scheme rules and regulations
• Manage the scheme bulleting
• Review and manage scheme interchange policies
• Continued review of the KYC policies and procedures to insure they are adhered to and are upto date
• Having overall responsibility for the day-to-day implementation of compliance policies
• Prevent clients being boarded or being maintained that create money laundering or reputational risk to STFS
• Research and understand AML typologies and then apply the characteristics to interrogate transaction data to identify unusual activity
• Escalate unusual activity and present cases to the monthly risk committee
• Reviewing and updating compliance policies and procedures on a quarterly basis
• Formal MLRO status
• Provide feedback and escalate issues identified from AML monitoring into clients' KYC documentation and risk categorisation.

Other significant job requirements:

• Ensure the  roll out of group policies, procedures, compliance manual and controls and report on non-adherence at the appropriate level where required.  This includes developing, implementing, promoting and maintaining compliance standards and procedures that enable employees to act in a compliant manner

Scope of role:

The position will carry autonomy within defined parameters, and the post-holder will be encouraged to take responsibility for decision-making within the strategic plan framework.

 Responsible for:

Compliance to all regulatory requirements and AML requirements of the STFS business line within the UC Group framework.

The client are rapidly expanding operations in Malta and will be growing the team in 2014, initially you will be very much hands on but you will be filling out a team over the next 12 months.

Contact Details

Consultant: Chris

Contact Tel: 0044 1707 707 030

Contact Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

You can apply for this vacancy using our online application form. This will require you to provide some basic information and your current CV.