Analyst (On-Site Supervision)

Financial Crime Compliance
Grade 7
Published on 01/04/2024

Job Description


About the Team 

Financial Crime Compliance is a dedicated AML/CFT Supervisory Function established to strengthen the MFSA’s role in preventing the use and involvement of Licence Holders in money laundering and financing of terrorism. The function is split into two focused teams; Onsite & Offsite. The Onsite Team operates alongside the FIAU in conducting AML related supervisory inspections on Licence Holders. The Offsite and Risk Analysis Team is dedicated to mitigating and detecting risks through constantly monitoring authorised persons.   

The FCC’s Offsite Team has extended the Function's supervisory reach by including elements of financial crime compliance within the compliance visits conducted by other Prudential and Conduct Teams. These elements take the form of a MLRO interview, where MFSA Officials are able to probe MLROs on matters related to financial crime. Additionally, the Offsite and Risk Analysis Team is in constant communication with the Authorisation Teams of each Prudential Function. This has enabled the function to embed elements of financial crime compliance at the initial stages of the regulatory lifecycle of the Authority's Licence Holders.   

Additionally, Financial Crime and Compliance also coordinates the collection of information from the various supervisory units and together with its own information, formulates the MFSA's input in relation to the local financial sector's Risk Assessment. Other remits of Financial Crime and Compliance are the delivery of various forms of training to both internal supervisory units within MFSA and also to external bodies. Furthermore, the Offsite team also coordinates information from various Functions within MFSA in respect of various Court Orders, Investigation Orders and Requests for Information issued by the Courts of Justice and the Police Corps respectively.


About the Role

You will form part of the On-Site Supervision Team and your duties will include: 

  • Conducting onsite visits, including leading supervisory visits;
  • Coordination with other supervisory functions;
  • Coordination with subject persons;
  • Carrying out pre-visit preparatory work;
  • Analysis of documentation;
  • Carrying out post-visit work – preparation of visit reports and findings letters;
  • Attending meetings with subject persons as necessary;
  • Attending FIAU meetings as necessary;
  • Attending training/technical meetings;
  • Compiling supervisory information for statistical purposes;
  • Completing projects and working with the team as needed; and
  • Other duties as may be assigned from time to time. 


About You

We are looking for candidates with solid academic background in financial services/ accountancy/ law/ risk or in another related background. A sound knowledge of anti-money laundering legislation and other financial serviceslegislation and familiarity with the financial services regulatory framework would be considered as an asset.

The role calls for an academic qualification in a relevant field of study at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.

You will also possess a minimum of three (3) years working experience in the area related to the role. Candidates with longer working experience relevant to the role will be preferred.
Having experience working in the area of financial services ideally with experience in financial services compliance environment or in law, will be considered as an asset.Candidates with longer working experience relevant to the role will be preferred.

If you do not have the necessary academic or professional qualifications but you have at least seven (7) years of relevant experience, we would still be interested in speaking with you.


Other Information

The MFSA is an Equal Opportunities Employer as certified by the NCPE (National Commission for the Protection of Equality) and is committed to a policy of equal opportunity in all aspects of employment and will take care to avoid any form of discrimination in its recruitment procedures. The MFSA reserves the right to withdraw this call at any time and not to select any of the Candidates. 

It is the responsibility of applicants in possession of qualifications awarded by Universities and other similar institutions outside Malta to produce a recognition statement on comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at application stage or otherwise at the preliminary interview should an applicant be selected for such interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on under MQRIC heading. 

The MFSA shall ensure that any processing of personal data is in accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), the Data Protection Act (Chapter 586 of the Laws of Malta) and any other relevant European Union and national law. For further details, you may refer to the Data Protection Policy on the MFSA webpage 

Candidates are to note that the submission of any false statement/s or omission, even if unintended, may lead to the cancellation of their application and may render the candidate's appointment liable to termination. 

Furthermore, please note that candidates may be asked to submit any documentation in support of the information provided, including but not limited to, proof of qualifications and Police Conduct Certificates. 

Public Call Permit: 34/2024