Deputy Head

within Financial Crime Compliance


Deputy Head

within Financial Crime Compliance

  • Grade:

  • Type:

  • Job code:

  • Team:

    Onsite Supervision

About Financial Crime Compliance

Financial Crime Compliance is a dedicated AML/CFT Supervisory Function established to strengthen the MFSA's role in preventing the use and involvement of Licence Holders in money laundering and financing of terrorism. The function is split into two focused teams; Onsite & Offsite. The Onsite Team operates alongside the FIAU in conducting AML related supervisory inspections on Licence Holders. The Offsite and Risk Analysis Team is dedicated to mitigating and detecting risks through constantly monitoring authorised persons.

The Role

The Deputy Head will lead a supervisory team of analysts. The duties of the Deputy Head shall primarily consist in the coordination of supervision of AML/CFT compliance by MFSA financial services license holders which are considered as Subject Persons. The main purpose is to monitor the level of compliance with the applicable AML/CFT law, regulations and FIAU Implementing Procedures.

The duties and responsibilities of the Deputy Head shall include:

  • Assisting Head FCC as required;
  • Acting as the ultimate reference point to the Onsite team members in terms of guidance and expertise required;
  • Ensure adherence to the onsite supervisory inspection plan and the supervisory methodology;
  • Taking a leading role in onsite inspections as necessary;
  • Carrying review and signing of post-visit work including post-visit reports, minutes and findings letters;
  • Coordination with other supervisory functions especially when it comes to post-examination information emanating from FIAU-commissioned inspections and follow-ups thereto from FIAU;
  • Attending FIAU Compliance Monitoring Committee meetings as necessary;
  • Coordination and handling meetings with Subject Persons as necessary;
  • Participate in internal and external working groups as necessary;
  • Representing the MFSA externally;
  • Delivering training as necessary;
  • Leading and coordinating tasks as required;
  • Attending technical meetings with FIAU, SMB and other law-enforcement bodies;
  • Coordinating collection of supervisory information for statistical purposes
  • Other duties as may be assigned ad-hoc from time to time.

About You

We are looking for candidates with solid experience in AML supervision and compliance. Candidates are expected to have an understanding of

AML/CFT legislation and regulation and their impact.

The role calls for an academic qualification in a relevant field of study at National Qualification Framework Level 6 or better, duly certified by the Malta

Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.

You will also possess a minimum of six (6) years working experience in the area of financial services with a strong background in AML/CFT. Candidates with longer working experience relevant to the role will be preferred.

If you do not have the necessary academic or professional qualifications but you have at least ten (10) years of relevant experience, we would still be

interested in speaking with you.

How to apply

or query further information

Candidates are to forward a copy of their Curriculum Vitae (C.V.) and an accompanying covering letter providing the motivation for the application to [email protected]

Other Important Information

The MFSA is an Equal Opportunities Employer as certified by the NCPE (National Commission for the Protection of Equality) and is committed to a policy of equal opportunity in all aspects of employment and will take care to avoid any form of discrimination in its recruitment procedures. The MFSA reserves the right to withdraw this call at any time and not to select any of the Candidates.

It is the responsibility of applicants in possession of qualifications awarded by Universities and other similar institutions outside Malta to produce a recognition statement on comparability of qualifications issued by the Malta Qualifications Recognition Information Centre (MQRIC). Applicants should do so preferably at application stage or otherwise at the preliminary interview should an applicant be selected for such interview. Details can be obtained by accessing the National Commission for Further and Higher Education website on under MQRIC heading.

The MFSA shall ensure that any processing of personal data is in accordance with Regulation (EU) 2016/679 (General Data Protection Regulation), the Data Protection Act (Chapter 586 of the Laws of Malta) and any other relevant European Union and national law. For further details, you may refer to the Data Protection Policy on the MFSA webpage

Candidates are to note that the submission of any false statement/s or omission, even if unintended, may lead to the cancellation of their application and may render the candidate's appointment liable to termination.

Furthermore, please note that candidates may be asked to submit any documentation in support of the information provided, including but not limited to, proof of qualifications and Police Conduct Certificates.

Jobsplus Permit Number 516/2022.