Financial Intelligence Analysis Unit

The Financial Intelligence Analysis Unit is the national central agency in Malta that is responsible for the collection, collation, processing, analysis and dissemination of information to combat money laundering and the funding of terrorism. The Unit became operational on 1 October 2002, when it was established by virtue of Legal Notice 297 of 2002. This legal notice brought into force the comprehensive amendments to the Prevention of Money Laundering Act (Act XXXI of 2001). Though set up as an agency within the ministry responsible for finance, the Unit has a separate judicial personality and operates autonomously from its own offices with its own staff. The responsibilities related to the governance of the Unit are divided among the Board of Governors and the Director, with the Board establishing the policy and the Director being tasked with the execution of that policy. The Director is also responsible for carrying out all other functions of the Unit not attributed to the Board by the Prevention of Money Laundering Act. He is assisted by permanent staff operating within six distinct sections responsible for Intelligence Analysis, Supervision and Enforcement, Legal Affairs, Corporate Services & People Performance and Culture, Policy and Quality Assurance, and Technology and Information Security.

About

Assistant Risk Manager

Jobsplus Permit Number: 782/2023

The Role

We’re looking for an Assistant Risk Manager to help lead our Risk Team in strengthening Malta’s AML/CFT framework. You’ll support strategic projects, oversee operations, guide team members, and collaborate with national and international partners to combat financial crime. If you have the expertise and drive to make an impact, we’d love to hear from you.

Duties and Responsibilities

Assisting the Risk Manager with overseeing the work carries out by the Risk Team to ensure adherence to the FIAU’s internal policies and agreed working practices, and to ensure efficiency of operations and use of resources.
Providing guidance and direction to members of the Risk Team during daily tasks and ongoing projects, and performing adequate monitoring to ensure that such are executed adequately and within deadlines – the Assistant Manager will be the main point of contact in the Manager’s absence.
Assisting the Risk Manager in devising the annual plan in relation to supervisory meetings and ad hoc compliance examinations to be carried out by the Risk Team, and carrying out monitoring to ensure that the plan is executed in a timely and adequate manner.
Coordinating with Supervision Managers carrying out thematic and other supervisory reviews, including the collation of applicable data and overseeing the analysis process of the results obtained to guide subject persons, including drafting detailed and comprehensive guidance papers showcasing the results of the examinations.
Assisting the Risk Manager with overseeing the risk assessment process, coordinating the Risk Committee and participation in the National Risk Assessment.
Assisting in the development and update of internal policies and procedures applicable to the Risk Team.
Liaising, coordinating, and cooperating with various Competent Authorities including the Malta Financial Services Authority/Malta Gaming Authority/Sanctions Monitoring Board/the National Coordination Committee for the Prevention of Money Laundering and Funding of Terrorism/ Malta Police and others as may be required from time to time.
Leading or providing support during ad hoc projects and assisting internal stakeholders with data extraction.
Representing the FIAU at international meetings, fora and workshops, including speaking engagements at such events when required.
Assisting in the compilation of questionnaires and assisting in other tasks related to evaluations and assessments being undertaken by various local and international bodies such as the EU, Egmont, MONEYVAL, FATF, etc.
Providing training on AML/CFT matters during seminars and events organized by the FIAU and other bodies, and collaborating with the Legal Section of the FIAU in the issuance of AML/CFT guidance documents

Requirements

An MQF Level 6 qualification in risk management, banking, finance, statistics, economics or any other subject together with a minimum of five years ofexperience, with at least one year in a senior-level role OR an MQF level 5 qualification in law, banking and finance, financial services, insurance, accounting, auditing, statistics, economics or any other subject, together with at least seven years’ experience.
Knowledge and practical understanding of the laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation.
Knowledge or experience in carrying out AML/CFT related checks, risk assessments, data analysis or statistics.
Outstanding written and verbal communications skills in English and analytical skills.
Proficiency in the use of Microsoft Office.
Knowledge of Power BI and other data analysis tools is considered an asset.
Applicants should be able to show a track record of technical competence, efficiency, ethical responsibility, and diligence.

What We Offer