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
The Junior Assistant will be required to:
About You
To qualify for this role, you will need to be currently reading for a first degree in any of the following subjects: criminology, law, banking and finance, accountancy, economics and/or financial services.
The following skill set is a must for this position:
Additional 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 www.ncfhe.gov.mt 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 www.mfsa.mt.
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: 820/2024
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