Trumia is a new-generation E-Money and Payment Services financial services provider, licensed and regulated in the EU. The Institution provides its clients with customer-centric and innovative financial services. It offers both consumer wallets and corporate accounts, driven by state-of-the-art technology to make its financial services seamless and beneficial to its users.
We are currently looking for a Money Laundering Reporting Officer to join our fast growing and dynamic team. The MLRO will be responsible for overseeing and managing the Institution's Financial Crime Compliance (“FCC”) risks, ensuring compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements and providing effective guidance to the business on Financial Crimes risks.
The successful candidate will be responsible for the FCC Function within the Institution, reporting to the CEO and the Board of Directors.
Key responsibilities:
Develop, implement and maintain a strong AML/CTF framework to ensure that the
Institution complies with the applicable AML/CTF laws and regulations.
Ensure the Institution’s AML/CTF and Sanctions policies, procedures and controls are effective and up-to-date, and that staff are trained to identify and report suspicious activity.
Conduct and maintain a comprehensive business risk assessment (BRA) and
Jurisdiction Risk Assessment (JRA) for the Institution across its various activities.
Act as an internal subject matter expert and provide effective guidance to the business on FCC risk issues, ensuring that all activities are conducted in compliance with applicable laws, regulations, and industry standards.
Maintain and manage relationships with regulators and stakeholders, ensuring that the Institution’s AML/CTF framework meets regulatory requirements.
Ensure that the Institution’s systems and controls are effective in preventing and detecting financial crime, including fraud.
Responsible for applicable periodical reporting to the FIAU and the MFSA, fulfilling fully the expectations of AML legislation for reporting officers.
Receipt of internal reports and reporting of suspicious transactions and activity to the competent authorities.
Being actively involved in the Due Diligence activities performed by the Institution during client onboarding (B2B and B2C).
Maintain a transaction monitoring regime.
Oversee the monitoring of payment transactions to detect and report suspicious activity.
Develop and deliver effective training programs to support all staff and Board members in keeping current with developments on AML/CFT matters.
Participate in meetings and provide all the information necessary for decisions to be taken on whether to onboard or retain clients.
Periodically provide information on AML/CFT Risks and developments to the Executive Team and the Board of Directors.
Requirements:
Minimum of 5 years experience in a similar role;
Good knowledge of the applicable local and EU legislation and supporting regulations, particularly PMLA, PMLFTR and the Implementing Procedures issued by the FIAU;
Ability to work in a rapidly changing regulatory environment;
ACAMS (Certified Anti-Money Laundering Specialist) certification, or any other recognized AML certification, is considered to be an asset;
Familiarity with the process of on-site and thematic inspections conducted by regulatory authorities will be considered an asset;
Attention to detail and exceptional organizational skills;