Job Description

Job DescriptionOur client is a government agency working to prevent money laundering and terrorism financing in Malta. They are currently seeking to recruit a Junior Remediation Associate within the Supervision Section.Key Responsibilities:

• Assisting the Remediation Team with the analysis and offsite review of remedial actions implemented by subject persons to address AML/CFT shortcomings identified during compliance examinations carried out by the organisation, with the aim of assessing whether such actions were adequately implemented.
• Participating in meetings with subject persons during the remediation process to obtain clarifications and/or assess the adequacy of their remedial action programmes in strengthening their AML/CFT control frameworks.
• Participating in Supervision Committee meetings by presenting findings and contributing to discussions on the outcome of remedial action plans undertaken by subject persons.
• Assisting in the drafting of official communications to subject persons, including letters, and in the preparation of internal reports as necessary.
• Supporting the process of determining and submitting material weaknesses to the European Banking Authority in line with the EuReCa obligations.
• Liaising, coordinating, and cooperating with various competent authorities as may be required.
• Assisting in the delivery of AML/CFT training to subject persons, supervision officers, or other supervisory authorities.
• Supporting tasks related to evaluations and assessments carried out by local and international bodies such as the European Union, the Egmont Group, MONEYVAL, the FATF, and others.
• Carrying out any other job-related duties as may be assigned by the Director, Deputy Director, Head, Senior Manager, or Manager from time to time.

Ideal Candidate Profile:

• MQF Level 5 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject and at least 2 years work experience relevant to this post; OR
• MQF Level 4 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject and at least 3 years work experience relevant to this post.
• 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 risk assessment, data analysis or statistics is considered an asset.
• Outstanding written and verbal communications skills in English.
• Proficiency in the use of Microsoft Office and office automation tools.
• A clean criminal record.

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