Money Laundering Reporting Officer (MLRO)

Our client is a leading professional services firm.

• Act as the designated Money Laundering Reporting Officer (MLRO), overseeing the organisation’s AML framework, controls, and internal reporting processes;
• Ensure AML policies, procedures, and controls are effectively implemented, maintained, and aligned with applicable legislation, regulatory requirements, and industry standards;
• Review and update AML documentation and internal procedures in line with regulatory developments and emerging risks;
• Evaluate the effectiveness of existing AML controls and recommend enhancements where required;
• Review and approve client onboarding processes, including customer due diligence (CDD), enhanced due diligence (EDD), and client risk assessments;
• Ensure client acceptance procedures are conducted in accordance with internal policies and regulatory obligations;
• Provide guidance on complex client structures, risk classifications, and higher-risk onboarding cases;
• Monitor client activity and transactions to identify unusual or suspicious behaviour;
• Conduct investigations into potential suspicious activity and ensure the timely escalation and submission of Suspicious Activity Reports (SARs);
• Maintain accurate records relating to investigations, monitoring activities, and regulatory reporting requirements;
• Maintain and update the Business Risk Assessment, Jurisdiction Risk Assessment, and Sanctions Risk Assessment frameworks;
• Prepare and complete the annual Risk Evaluation Questionnaire (REQ);
• Act as the primary point of contact for regulatory authorities, including the MFSA and FIAU;
• Prepare and present AML reports to senior management and the Board of Directors;
• Support regulatory inspections, compliance reviews, and external audits;
• Provide ongoing guidance and support to employees on AML obligations, regulatory requirements, and internal procedures;
• Deliver AML training programmes and awareness sessions across the organisation;
• Monitor developments in AML legislation, regulatory requirements, EU directives, FATF recommendations, and sanctions frameworks;
• Participate in professional development activities, industry seminars, and regulatory workshops to maintain technical knowledge and competence;
• Share regulatory updates and industry best practices with management and employees to strengthen the organisation’s compliance culture;
• Assist with additional compliance, governance, and regulatory matters as required by management or the Board.

• Bachelor’s degree in Law, Finance, Business, or a related field;
• Currently PQ’d by the MFSA or eligible and willing to obtain MFSA approval;
• Minimum of 5 years’ experience within an MLRO or senior AML role;
• Strong working knowledge of AML legislation, FIAU Implementing Procedures, MFSA requirements, and related regulatory obligations;
• Experience within corporate services, financial services, or another regulated environment;
• Proficiency in Microsoft Office applications and familiarity with AML and compliance systems.

• Ability to assess complex client structures, transactions, and risk indicators effectively;
• Strong analytical and investigative skills with the ability to identify, assess, and mitigate risks;
• Excellent written and verbal communication skills, with the ability to engage effectively with senior management, boards, and regulatory authorities;
• High level of accuracy and attention to detail when reviewing documentation and conducting due diligence activities;
• Strong organisational skills with the ability to manage multiple priorities and regulatory deadlines;
• Ability to make sound, independent decisions and exercise professional judgement;
• Strong ethical standards, integrity, and professionalism;
• Ability to deliver training and promote a strong compliance culture across the organisation.

*Please note that all job applicants will be automatically added to the Broadwing LTD candidate database and will receive an automatic email with user credentials to benefit from our online platform.