Analyst (Due Diligence) - Compliance jobs in Malta - October 2022
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Analyst (Due Diligence)
Malta Financial Services Authority Malta Financial Services Authority , Central Malta

Expires in 12 days (19 Oct 2022)

Job vacancy: Analyst within Due Diligence in Grade 7 
Job code: DD/004/2022

About Due Diligence:
The Due Diligence function is responsible for conducting due diligence checks on persons being proposed to take on approved positions within entities licensed by the MFSA. Among its many duties, the function is responsible for carrying out probity screenings in relation to all qualifying shareholders as well as key functionaries within a licensed entity. The Due Diligence Function shall also be responsible for carrying out ongoing checks, on a risk-based approach, to verify that approved persons are still of good repute.

The Role:
  • Carry out basic due diligence (DD) and enhanced due diligence (EDD) checks and inquiries;
  • Conducting reviews of application documentation submitted to the unit as part of the DD and/or EDD process;
  • Participate in interviews with applicants as required;
  • Screening of problem/high-risk involvements for approved positions in licensed entities;
  • Carry out ongoing checks on a risk-based approach to verify that approved persons are of good repute;
  • Conducting Internet searches and investigations, both reactive and proactive;
  • Analyzing, assessing, discussing, and presenting findings of investigations to senior management;
  • Preparing investigation reports, memos, and correspondence;
  • Participate in interviews with applicants as required;
  • Coordination and cooperation with other units;
  • Maintain and develop procedures and policies as required;
  • Other duties and tasks may be assigned by senior management.

About You:
To qualify for this job, you will need to have academic qualifications in financial services, criminology, or in another related background at National Qualification Framework Level 6 or better, in a relevant area. If your qualifications are not Maltese, please make sure that they are certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognized professional qualification at a comparable level. Sound knowledge of financial services legislation, familiarity with the financial service's regulatory framework, an understanding of financial crime including money laundering and financing of terrorism, and a relevant Post-Graduate Degree would be considered as an advantage. You will also need to have at least three (3) years experience in an analytical capacity related to the subject. Candidates with longer working experience relevant to the role will be preferred. If you do not have the necessary academic or professional qualifications but have at least seven (7) years of relevant experience, we would still be interested in speaking with you.

The following skillset is a must for this position:

  • The ability to multi-task and work on own initiative;
  • The ability to work in a team;
  • Excellent verbal and written communication skills;
  • The ability to cope with a large volume of work, prioritize and deliver under pressure;
  • Sound analytical and judgmental skills.

How to apply or query further information:
Candidates are to forward a copy of their Curriculum Vitae (C.V.) and an accompanying covering letter providing the motivation for the application.

Other Important 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 the 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 under the 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.

Jobsplus Permit No: 379/2022

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.

Experienced (3 years +)
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