Senior EDD Specialist - Compliance jobs in Malta - February 2024
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Senior EDD Specialist

Deriv (Europe) Ltd , Central Malta

Published on 16 Jan 2024

Expired on 15 Feb 2024

Deriv (Europe) Ltd is currently looking to recruit a Senior EDD Specialist.

Job Description

The Senior EDD Specialist will assume the role of overseeing EDD procedures and regulatory adherence. Their responsibilities encompass the guidance and implementation of adaptable processes, as well as the identification of possible EDD compliance risks. This senior Specialist will be tasked with supervising an EDD team focused on regulatory risk, guaranteeing the punctual fulfillment of deadlines and service level agreements, and ensuring compliance with both company policies and the relevant regulations of the respective country.

What are we looking for: In your role as a Senior EDD Specialist, you will be responsible for overseeing and supervising the company's operations related to Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).

1. Implementation of EDD Procedures:

  • Develop and implement EDD procedures to guarantee strict compliance with all applicable regulations and legal requirements.
  • Ensure that EDD processes are efficient, consistent, and up-to-date with evolving regulations.

2. Handling Escalated EDD Issues:

  • Take charge of handling and resolving escalated EDD issues, which may involve managing high-risk customers and monitoring exception reports.
  • Oversee various compliance-related tasks, ensuring timely and effective resolution.

3. Supervision of EDD Investigations:

  • Supervise EDD investigations, leading a team of officers responsible for conducting thorough reviews of customer profiles.
  • Make determinations regarding EDD reviews and escalations, ensuring a consistent and thorough approach.

4. Training and Development:

  • Develop and provide comprehensive training to the Compliance Operations Team, ensuring team members are well-versed in EDD processes and compliance requirements.
  • Adhere to established training policies and continuously assess and improve the training program.

5. Internal Testing and Reporting:

  • Conduct internal testing of EDD compliance within functional areas such as Customer Due Diligence (CDD), Politically Exposed Persons (PEP), and fraud prevention.
  • Communicate trends and findings to the Money Laundering Reporting Officer (MLRO) or AML Manager, contributing to the enhancement of risk mitigation strategies.

6. Priority Management:

  • Manage EDD team priorities related to compliance and subsequent determinations.
  • Ensure the efficient allocation of resources and maintain a balanced workload among team members.

7. Process Improvement:

  • Lead the creation and implementation of process improvements aimed at enhancing the quality and scalability of our EDD procedures.
  • Continuously assess existing processes and identify opportunities for optimization.

Desired Profile

Embark on an exhilarating journey as a Senior Enhanced Due Diligence (EDD) Specialist, where we place a premium on candidates possessing exceptional rational thinking and critical analysis skills. We require a minimum of 7 to 8 years of experience within the financial sector, whether in banking or non-banking financial institutions. Within this experience, a minimum of 2 to 3 years must be dedicated to the intricacies of the Enhanced Due Diligence process. A professional certification in compliance is desirable. If you're the kind of analytical thinker who relishes unraveling complex compliance puzzles and has a strong and articulate voice in the world of financial regulations, we encourage you to connect with us. Join our dynamic team and make a meaningful impact!


  • Market-based salary
  • Annual performance bonus
  • Health benefits
  • Casual dress code
  • Travel and internet allowances
  • A chance to work with top talent from across the globe (70+ nationalities)
  • Ample team-building and bonding activities
  • Great overseas travel opportunities

Full Time
Job Type
Intermediate (1-3 years)
Experience Level
Financial Services

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