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Regulatory Compliance Officer ( Payments )

A licensed Financial Institution that offers a range of payment services across multiple channels is seeking to employ a Regulatory Compliance Officer for its Malta Office.

The successful candidate shall join a growing Legal & Compliance Department, reporting to the Chief Legal and Compliance Officer.

Job duties include:

  • Responsible for ensuring that the company's policies and procedures comply with regulatory and ethical standards
  • Develop and oversee control systems to prevent or deal with violations of legal and compliance guidelines and internal policies
  • Evaluate the efficiency of controls and improve them continuously
  • Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues
  • Draft, modify and implement company policies
  • Collaborate with various departments to monitor enforcement of standards and regulations
  • Perform periodic compliance risk assessments and establish a compliance monitoring programme
  • Lead employee training sessions on compliance issues
  • Assess the company’s future ventures to identify possible compliance risks
  • Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control
  • Prepare compliance reports for the Chief Legal and Compliance Officer and external regulatory bodies as required
  • Act as a contact point with regulatory bodies and the payment card schemes as required

Skills and Experience required:

  • A minimum of 3 years’ experience working as a Regulatory Compliance Officer, or similar position in the banking or payments industry. Candidates that have completed a PQ (Personal Questionnaire) with the MFSA will be considered as a valuable asset.
  • In-depth knowledge of the payments industry standards/processes and regulations (including the payment card schemes regulations)
  • Experience in communicating with local regulators. Experience in communicating with the payment card schemes will be considered to be an advantage.
  • Excellent knowledge of reporting procedures and record keeping
  • Methodical and diligent with outstanding planning abilities
  • Excellent communication skills
  • Degree in law, finance, business administration or related field
  •  Certification as a compliance professional