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

Compliance Associate - Supervision Section

The Role

Would you like to pursue a career in AML/CFT compliance?

By joining the FIAU’s Supervision Team you will be given the unique opportunity to have direct experience in AML/CFT compliance with Malta’s sole AML/CFT regulator. Your duties will be focused on carrying out supervisory visits to ensure that subject persons are compliant with their AML/CFT obligations and guiding subject persons towards compliance.

Join us and contribute to shaping the future of anti-money laundering and counter-terrorist financing efforts!

Duties & Responsibilities:

Plan and execute compliance examinations, in line with internal procedures, to assess subject persons’ adherence to AML/CFT obligations and whether the control framework is adequate towards ensuring that ML/FT risks are adequately mitigated.
Analyse results of compliance examinations and prepare compliance examination reports in a timely manner to clearly document such results.
Participate in Supervision Committee and Compliance Monitoring Committee and contribute in discussions on the results of compliance examinations.
Contribute to advising and assisting subject persons to establish appropriate AML and CFT internal structures and controls.
Assist the Risk Team in carrying out risk assessments, execution of risk verification procedures and provision of feedback on the outcome of compliance examination as well as the Remediation Team in following-up on the results of compliance examinations.
Liaise, coordinate, and cooperate 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 / the Malta Police Force and others as may be required from time to time.
Participate in training provided to subject persons, supervision officers or other supervisory authorities.
Assisting in other task related to evaluations and assessments being undertaken by various local and international bodies such as the EU, the Egmont Group, MONEYVAL, FATF, etc.

Requirements

University degree or an equivalent qualification (MQF Level 6) in Risk Management, Banking and Finance, Financial Services, Audit, or in any other subject relevant to this position together with 3 years’ experience OR
MQF Level 5 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject relevant to this position and at least 4 years work experience relevant to this post.
Applicants should be knowledgeable about the laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation.
Knowledge and/or experience in carrying out AML/CFT related checks, report writing or audit engagements and familiarity with the sector/s in which subject persons operate, such as gaming, TCSPs, investments or virtual financial assets sector.
Outstanding written and verbal communications skills in English, as well as strong analytical and report writing skills.
Proficiency in the use of Microsoft Office.
A clean criminal record.

What we offer