MLRO and Compliance Lead

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Our client is an online payment startup. The company has offices in Malta & UK, and the successful candidate will be based in our Malta office. The Compliance Lead/MLRO  will formally report to the Board of Directors of the company (Europe). You will work alongside the Compliance Lead for the UK and be responsible for designing, implementing, running and overseeing all regulatory and card scheme compliance activities within Europe; as well as leading the company's financial services licensing process in Malta and in due course fulfilling the function of MLRO and Compliance Officer for the European operation.

You will ensure that the business achieves and maintains compliance with all current and future MFSA requirements in all areas of responsibility; together with the responsibility for all aspects of the company AML and CFT frameworks in relation to its activities.

You should either be PQ and MFSA approved (or in the process of). The MLRO must have all the necessary knowledge to meet the authority’s regulatory requirements and the skills to understand how to best apply such requirements.

Key Responsibilities

  • The Compliance Lead / MLRO will lead all internal operations and will have the following responsibilities:
  • Act as Head of Regulatory Compliance and Money Laundering Reporting Officer (MLRO) for the company (Europe);
  • Be the main point of contact for liaising with the Central Bank of Malta, Malta Financial Services Authority (“MFSA”) and Financial Intelligence Analysis Unit (“FIAU”) and other relevant bodies in connection with AML/CFT matters;
  • In the pre-authorisation phase, act as primary contact for the MFSA for the company's authorisation and related activities, ensuring:
  • Activities are within the scope of authorisation
  • Compliance with regulatory requirements and operation of the Compliance Monitoring Programme
  • Open and cooperative communications with the MFSA
  • Timely reporting to the board on matters of regulatory compliance


Experience and Background

The candidate must have a strong background in the Payment and / or E-Money Industry, and have proven experience in scaling a multi-site organisation and a demonstrated ability to both lead and build the capabilities of a driven, bright, diverse team.

Key requirements

  • 5+ years industry experience in financial services, especially the cards and payments sector, with 3+ years in a senior risk and compliance role
  • Have relevant qualifications / training in relevant financial services compliance
  • Have demonstrable in-depth knowledge of relevant financial services legislation, card scheme regulations, data protection, and other relevant regulation
  • Have demonstrable in-depth understanding of practice and typologies of financial crime, money-laundering, data and identity theft and best practice for managing these risks
  • Ability to balance business priorities with compliance imperatives yet act independently and without influence of others in the organisation

Key characteristics

  • Qualifications in Prevention of Money Laundering and Combatting Terrorist Financing or related subjects coupled with a sound knowledge of EU AML Directives are required;
  • Candidates must have a strong working knowledge of the Maltese regulatory and AML framework;
  • The candidate must be PQ’d by the MFSA;
  • Have a proven risk management mindset;
  • Practical problem solver;
  • Strong leadership skills;
  • Strong communication, literacy (verbal and written) and numeracy skills;
  • Ability to communicate vision;
  • Advise peers in the management team / Board on compliance matters;
  • Place of Work

Presently the team is concentrated around London, Berlin and Malta but we expect to have presence in other capitals in Europe. We often work remotely but have face to face meetings from time to time.  

The Compliance Lead / MLRO must be based in Malta, but will be required to travel to other offices within the Group as and when required.


Please note that this vacancy is urgent and our client wishes to employ someone a.s.a.p. Due to pandemic measures currently in place, we cannot consider candidates not presently living in Malta, or able to commence work in Malta within 2 weeks of application.

*JobMatchingPartner Limited is a recruitment agency licenced in Malta, EU. We act on behalf of numerous clients based in Malta and elsewhere. JobMatchingPartner does not share your personal details with any third party without your written consent

Additional information

  • Yearly salary

    50000 - 65000 EUR

  • Employment type

    Full-time

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