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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

Senior Manager - Enforcement Section

Jobplus Permit No: 911/2023

The Role

At FIAU Malta, we are seeking a Senior Manager to join the Enforcement Section, ensuring the highest standards in operations and compliance. In this pivotal role, you will oversee enforcement actions, provide expert guidance, and represent FIAU at local and international levels, contributing directly to safeguarding Malta’s financial system.

Duties & Responsibilities

Responsible together with the Head of Section for the overall operations of the Section.
To keep the Head of Section and other Superiors up to date with plans, actions and work done by the Enforcement Section.
The provision of advice to the Head of Section, Director, the Board of Governors and other sections of the FIAU.
To have complete oversight of the operations and workstreams of the Section, improve the Section’s efficiency and take decisions unilaterally when asked to do so.
To carry out periodic meetings with Section Managers and coordinate the workstream, resources and planning in a way to maximize the Section’s efficiency.
Oversee and review enforcement measures, actions and other work carried out by the Enforcement Section.
Supervise the implementation of Directives issued to subject persons.
To oversee and provide guidance on court related matters in elation enforcement actions taken by the FIAU’s Compliance Monitoring Committee.
To monitor, follow up and review the work of the different teams within the Section to identify areas which need improvement, and to ensure that the quality of the work performed is satisfactory.
Participating in Compliance Monitoring Committees as necessary.
Responsible for overseeing the upkeep and maintenance of the Enforcement Section’s Policies, Procedures and Measures.
Supervise the management and upkeep of the Enforcement database.
Provision of AML training and public awareness.
Liaison with local and/or foreign supervisory authorities in relation to enforcement measures taken by the FIAU Compliance Monitoring Committee as necessary.
Representing the FIAU or Malta in international and/or EU fora of AML/CFT relevance.
Participating in working groups set up to draft standards in the AML/CFT sphere at the international and EU level.
To plan the operations and goals of the Section in a way that these meet the Section’s priorities, targets and deliverables.
To carry out performance appraisals and one-to-one meetings as may be required from time to time.
To provide officials within the Section with enough guidance, support, leadership, and direction necessary to ensure that they are able to reach their targets.
To evaluate, review and assess the Section’s operations, and report on such matters when asked to do so.
Fulfil any other duties delegated by the Director, Deputy Director and Head of Section.

Requirements

An MQF Level 6 qualification preferably in Law, Accounting, Audit, Banking and Finance, Financial Services, Insurance, Economics, or any related subject.
Seven (7) years of relevant work experience, of which at least three (3) years must have been in a managerial role.
Applicants should be proficient in the laws that govern the prevention of money laundering and financing of terrorism in Malta and relevant international standards and EU legislation in the area.
Sound knowledge of the relevant EU Directives and related domestic legislation that govern financial, gaming and ancillary services, and familiarity with the operations of the financial services, gaming and other regulated sectors will be considered as an asset.
Relevant work experience is considered to be an asset.

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