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Enforcement – Enforcement is responsible for reviewing the actions and where necessary conducting investigations of licence holders who have or are suspected of having committed serious compliance failures, serious misconduct or any other serious breaches of the law. This function has a cross sectorial enforcement role and covers all areas falling under the MFSA’s supervisory function. Enforcement furthermore investigates the actions of persons carrying on financial services activities without having the necessary licence or authorisation. Enforcement investigates also suspicious or dubious schemes and takes the appropriate action in such cases, including reporting suspicion of criminal activities to the police.
AML/CFT – Enforcement is responsible also for anti-money laundering and combating the financing of terrorism (AML/CFT) supervision of MFSA licence holders. This is carried out jointly with the Financial Intelligence Analysis Unit (FIAU) in a coordinated and integrated manner and with a risk-based approach. Supervision consists in the monitoring of compliance by MFSA licence holders with the requirements of the Prevention of Money Laundering Act, Prevention of Money Laundering and Funding of Terrorism Regulations and the FIAU Implementing Procedures.
International Sanctions – The remit of the Enforcement includes also the monitoring of developments in the area of international (financial) sanctions issued from time to time by the United Nations Security Council, the European Union and through national legislation. This function seeks to ensure that licence holders are aware, understand and comply with the requirements of international sanctions and other restrictive measures including sanctions lists, and provides them with information and guidance thereon.
The Administrative Assistant (Anti-Money Laundering & Combating Financing of Terrorism) will work closely with and support a multi-disciplinary team of analysts and management within the AML/CFT Section of the Enforcement.
The eventual appointee will be expected to carry out the various day to day duties as directed by the Head of the Enforcement or any other official delegated for this purpose. Within this scope, the duties to be undertaken include the following in accordance with the exigencies of the function:
- General administrative and clerical duties in support of the Head and Deputy Head of Enforcement, analytical team and senior management;
- Drafting of documents and correspondence;
- Managing incoming and outgoing mail;
- Coordination and preparation of replies to court investigations, attachment and freezing orders;
- Processing due diligence requests from Authorisations Office and supervisory functions;
- Rendering, validating and uploading of data on the Enforcement and/or MFSA databases, including Risk Assessment Matrix Tool;
- Compilation of statistical data and producing statistical reports for management;
- Other day-to-day duties according to the exigencies of the Enforcement as may be required.
We are looking for candidates with Anti-Money laundering or in a financial services related discipline background and/or another recognised qualification in a relevant area. Candidates must also be able to read and write in Maltese.
The role calls for an academic qualification in a relevant field of study at National Qualification Framework Level 5 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.
If you do not have the necessary academic or professional qualifications but you have at least three (3) years working in an Accounting environment, we would still be interested in speaking with you. Candidates with longer working experience relevant to the role will be preferred.
How to apply
or query for 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 www.ncfhe.org.mt 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 www.mfsa.mt.
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.