Compliance Officer

Responsibilities

• Maintain, review and enhance the organisation’s compliance policies, procedures and risk-based Compliance Monitoring Programme.
• Carry out periodic compliance reviews, including client file reviews and assessments of internal controls.
• Identify and report regulatory breaches, compliance issues, control weaknesses and areas for improvement.
• Recommend appropriate remedial actions and follow up on their implementation within agreed timelines.
• Prepare periodic compliance reports for the Board of Directors and provide guidance on regulatory developments and requirements.
• Monitor compliance with applicable Maltese legislation, including the Trusts and Trustees Act, Company Service Providers Act, relevant MFSA rules and conditions of authorisation.
• Coordinate regulatory submissions, notifications and responses to requests for information.
• Act as a key point of contact with the MFSA on compliance-related matters, including regulatory reviews and inspections.
• Review complaints, outsourcing arrangements and actual or potential conflicts of interest from a compliance perspective.
• Collaborate closely with the MLRO, Risk Officer and other control functions while maintaining the required level of independence.
• Assist with compliance training and contribute towards maintaining a strong compliance culture throughout the organisation.
• Exercise independent judgement and ensure appropriate escalation of compliance matters to the Board of Directors.
• Identify, disclose and appropriately manage actual or potential conflicts of interest.

Requirements

• A recognised degree or professional qualification in Law, Compliance, Finance, Accountancy, Risk Management, Corporate Services or another relevant discipline.
• Relevant professional experience within compliance, legal, audit, regulatory or risk management functions.
• Experience within a Company Service Provider (CSP), trustee/fiduciary business, financial institution or other regulated organisation is required.
• Good understanding of the Maltese regulatory framework , particularly requirements applicable to CSPs and trustee/fiduciary activities.
• Practical knowledge of corporate services, client onboarding, ongoing monitoring and governance processes.
• Strong ability to interpret regulatory requirements and translate them into effective policies, procedures and internal controls.
• The IFSP Foundation Certificate in Trusts Law and Management would be considered an asset.
• Strong analytical, organisational and communication skills, with the ability to work independently and exercise sound professional judgement.