Financial Intelligence Analysis Unit

The Financial Intelligence Analysis Unit is the national central agency in Malta that is responsible for the collection, collation, processing, analysis and dissemination of information to combat money laundering and the funding of terrorism. The Unit became operational on 1 October 2002, when it was established by virtue of Legal Notice 297 of 2002. This legal notice brought into force the comprehensive amendments to the Prevention of Money Laundering Act (Act XXXI of 2001). Though set up as an agency within the ministry responsible for finance, the Unit has a separate judicial personality and operates autonomously from its own offices with its own staff. The responsibilities related to the governance of the Unit are divided among the Board of Governors and the Director, with the Board establishing the policy and the Director being tasked with the execution of that policy. The Director is also responsible for carrying out all other functions of the Unit not attributed to the Board by the Prevention of Money Laundering Act. He is assisted by permanent staff operating within six distinct sections responsible for Intelligence Analysis, Supervision and Enforcement, Legal Affairs, Corporate Services & People Performance and Culture, Policy and Quality Assurance, and Technology and Information Security.

About

Senior Compliance Associate - Enforcement Section

The Role

The FIAU is looking for a committed professional to join its Enforcement Section. This role involves supporting the planning, review, and implementation of enforcement actions to ensure compliance with AML/CFT obligations.

Duties and Responsibilities

To help the Assistant Manager, Manager, Senior Manager, Deputy Head and Head to plan the operations and goals of the team in a way that these meet the Section’s priorities, targets and deliverables.
To assist the Assistant Manager and Manager in monitoring, following up and reviewing the work of officials within the team to identify areas which need improvement.
To evaluate, review and assess the team’s operations, and report on such matters when asked to do so.
To draft, supervise and review enforcement measures, actions and other work carried out by the team.
To supervise the implementation of Directives issued to subject persons.
To participate in Compliance Monitoring Committees as necessary.
To attend FIAU court sittings as witness, or as required.
To prepare and help in preparing court files as needed.
To attend interviews and assist in the recruitment process as required.
To keep the Assistant Manager, Manager, Senior Manager, Deputy Head, Head of Section and other Superiors up to date with plans, actions and work done by the team.
To carry out review and maintenance of the Enforcement Section’s Policies, Procedures and Measures as necessary.
To assist the Head, Deputy Head, Senior Manager, Managers, Assistant Managers in any ad-hoc projects and assignments as may arise during the year.
To provide AML training and public awareness.
To liaise with local and/or foreign supervisory authorities in relation to enforcement measures taken by the FIAU as required.
To represent the FIAU in international fora when needed.
To report to the Director, Deputy Director, Head, Deputy Head, Senior Manager, Manager and Assistant Manager.
To fulfil any other duties delegated by the Assistant Manager, Manager, Senior Manager, Deputy Head, Head of Section, Deputy Director and Director.

Requirements

An MQF level 6 qualification in Financial Services, Banking and Finance, Economics, Law, Statistics, Accounting, Auditing or in any other related subject, and at least 4 years related work experience OR
An MQF Level 5 qualification in Financial Services, Banking and Finance, Economics, Law, Statistics, Accounting, Auditing or in any other related subject, and at least 5 years related work experience.
Knowledge of the laws that govern prevention of money laundering and financing of terrorism in Malta and the international standards and EU legislation in the area.
Proficiency in the use of Microsoft Office Word and Excel.
Excellent written and verbal communication skills in the Maltese & English languages.

What We Offer