Compliance Officer

Location
Malta
Salary
Up to €60,000
Contact
Julian Perigo
Job Ref
984970
  • Centrally located in Malta
  • Establishment and maintenance of an appropriate compliance framework
  • Excellent company benefits
Responsibilities:
  • Establishment and maintenance of an appropriate compliance framework to ensure the Company’s ongoing adherence to internal policies, procedures, systems and controls and external regulatory requirements in Malta;
  • Successful mitigation of compliance and regulatory risk;
  • Preparation of an annual Compliance Plan including a range of compliance-owned policies and procedure;
  • Provision of expert guidance on a range of regulatory/compliance-related matters;
  • Updating Committee TOR’s;
  • Design and implement an effective Compliance Monitoring Programme to monitor adherence to policies and procedures;
  • Maintenance of open and cooperative relationships with the Malta Financial Services Authority;
  • Ensuring that requests from the Group's HQ and, where required, host state regulators are promptly addressed;
  • Ensuring that regulatory reporting deadlines are met;
  • Not to breach, or to permit breaches by others, of internal control procedures and systems or conditions of authorisation to which the company is subject; and record in writing all such breaches and course of action taken as a result;
  • To notify the competent authority of any breach of conditions of the company's authorisation upon being aware of such a breach;
  • Ensure staff are provided with ongoing regulatory/compliance-related training on a range of topics;
  • Ensuring any suspicions of financial crime are reported to the relevant competent authority;
  • Preparation of compliance reports for the Risk and Compliance Committee, Board and other forums, as required;
  • Represent the Compliance function on various forums/working groups;
  • Arranging of meeting and compilation of Board pack and other committee packs. Chasing business to ensure these are done in a timely manner;
  • Drafting and issuing minutes in a timely manner;
  • Co-sec support to business, filing of returns, updating of directories, registers etc;
  • Interaction with all areas of the business.
Requirements:
  • Degree educated with ACII and/or other relevant professional qualification preferred. Thorough knowledge and understanding of the principles and application of compliance frameworks;
  • Experience of managing compliance and regulatory risk within a diverse and high-growth environment;
  • Extensive experience of liaising with the financial services regulator in Malta;
  • Thorough knowledge of legislative and regulatory requirements applicable within the insurance sector in Malta;
  • Ability to understand and interpret regulatory requirements within a commercial environment and apply sound judgement; 
  • Demonstrate high standards of integrity and an ability to promote and embed a compliance-aware culture;
  • Strong communicator with the ability to collaborate effectively with colleagues at all levels;
  • Ability to produce high-quality written reports and other compliance-related materials;
  • Highly organised and motivated, with the ability to manage a diverse portfolio of compliance and regulatory-related activity;
  • Ability to balance compliance workload with other administrative tasks.
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Julian Perigo
Managing Director
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