Malta Financial Services Authority is looking to recruit an Analyst
on a full-time basis to join their team within their AML/CFT department.
- Enforcement - Enforcement is responsible for reviewing the actions and where necessary conducting investigations of licence holders who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of the law. This function has a cross-sectorial enforcement role and covers all areas falling under the MFSA’s supervisory function. Enforcement furthermore investigates the actions of persons carrying on financial services activities without having the necessary licence or authorisation. Enforcement investigates also suspicious or dubious schemes and takes the appropriate action in such cases, including reporting suspicion of criminal activities to the police;
- AML/CFT - Enforcement is responsible also for anti-money laundering and combating the financing of terrorism (AML/CFT) supervision of MFSA licence holders. This is carried out jointly with the Financial Intelligence Analysis Unit (FIAU) in a coordinated and integrated manner and with a risk-based approach. Supervision consists of the monitoring of compliance by MFSA licence holders with the requirements of the Prevention of Money Laundering Act, Prevention of Money Laundering and Funding of Terrorism Regulations and the FIAU Implementing Procedures;
- International Sanctions - The remit of the Enforcement includes also the monitoring of developments in the area of international (financial) sanctions issued from time to time by the United Nations Security Council, the European Union and through national legislation. This function seeks to ensure that licence holders are aware, understand and comply with the requirements of international sanctions and other restrictive measures including sanctions lists, and provides them with information and guidance thereon.
The Analyst (International Sanctions) will form part of the AML/CFT Section of the Enforcement and will work closely with, assist and support the Head.
The duties and responsibilities of the Analyst (International Sanctions) shall include:
- Follow international and national developments on sanctions;
- Keep up to date with new UN, EU and national sanctions issued from time to time;
- Keep up to date with amendments to sanctions and amendments to sanctions lists;
- Review and analyse UN, EU, national and US (OFAC) sanctions;
- Pay special attention to terrorism-related financial sanctions;
- Provide sanctions-related advice, guidance and assistance to MFSA staff and licence holders;
- Disseminate relevant information to MFSA staff and licence holders;
- Prepare notices/circulars/guidance to licence holders on sanctions matters;
- Review and drafting of sanctions-related legislation as required;
- Liaison and coordination with Sanctions Monitoring Board (SMB);
- Ensure all sanctions and amendments are published on the MFSA website and upkeep of the MFSA website page on sanctions;
- Collect information on frozen assets;
- Reply to due diligence requests related to sanctions;
- Monitor names of newly listed persons;
- Attend meetings of the Sanctions Monitoring Board as necessary;
- Other duties as may be assigned from time to time.
Other important information:
- We are looking for candidates with a solid academic background in financial services or in another related background;
- Candidates would preferably have knowledge of Maltese anti-terrorism/combating the financing of terrorism legislation and awareness of UN and EU sanctions, in particular, sanctions related to Al Qaeda, terrorism and proliferation of weapons of mass destruction and experience related to international sanctions and their implementation for a minimum of two (2) years. Also, candidates would preferably be familiar with applicable international conventions and standards;
- 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 in the area of financial services. 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 within compliance or an investigative and/or analytical environment, we would still be interested in speaking with you.
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 the application stage or otherwise at the preliminary interview should an applicant be selected for such an interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on www.ncfhe.org.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.com.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.
Malta Financial Services Authority:
The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. It was established by law on 23 July 2002 taking over supervisory functions previously carried out by the Central Bank of Malta, the Malta Stock Exchange and the Malta Financial Services Centre. The Authority is a fully autonomous public institution and reports to Parliament on an annual basis.