Compliance Officers - Malta Based

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Malta

As part of the Weavr team, the selected candidate shall work alongside the Compliance Lead for Weavr Limited in the UK and be responsible for operational compliance matters for both companies, to include Customer Due Diligence (KYC), risk assessments, transaction monitoring and identification of unusual and suspicious activity.  As Weavr builds its team, the Compliance Officers shall get involved in a wide range of activities and no one day will be the same while gaining a broad exposure in a fast paced start up.

We are looking for the right talent to help the business achieve and maintain compliance with all current and future MFSA and FCA requirements; together with operating many aspects of the company AML and CFT frameworks in relation to its activities. The Compliance Officers will be based in Malta, and may be required to travel to other offices within the group as and when required. 

Key Responsibilities:

  • Carrying out risk assessments, in line with the company’s policies and procedures, measuring the threats and vulnerabilities of the company’s operations for money laundering and terrorist financing.
  • Maintain an up-to-date customer risk assessment process. 
  • Keep abreast with any regulatory and AML legislative changes. 
  • Be responsible for operating both a customer due diligence and customer acceptance procedure.
  • Be responsible for the monitoring of transactions, whilst investigating and analysing suspicious activity. They shall consider such reports to determine whether a suspicious transaction report is to be submitted to the MLRO and/or authorities concerned.
  • Keep abreast of training programmes and documentation to ensure awareness of the most recent developments in relation to compliance and AML matters.
  • Ensure the company operates within card scheme regulations where relevant.
  • Keep abreast of compliance regulations and practice, and inform management of any issues arising.  

Your experience and background:

Weavr is a startup. Early stage businesses like Weavr need resourceful, intelligent and high-energy people who are flexible at doing what needs to be done.  In a small business, it’s essential for all the team to be hands-on, able to handle ambiguity and to operate with limited resources. You must have a strong background in the Payments and / or E-Money Industry, and have proven experience in working within a multi-site organisation and a demonstrated ability to get involved in all aspects of compliance as Weavr builds its team.

What you bring with you:

  • Good working knowledge of both the Maltese, and ideally UK regulatory, and AML framework.
  • 3+ years experience in financial services, ideally within the cards and payments sector.
  • Qualifications in Prevention of Money Laundering and Combating Terrorist Financing or related subjects, coupled with a sound knowledge of EU AML Directives.
  • Knowledge of relevant financial services legislation, card scheme regulations, data protection, and other relevant regulation.
  • Demonstrable in-depth understanding of practice and typologies of financial crime, money-laundering, data and identity theft and best practice for managing these risks.
  • Strong teamwork skills, problem solver and strong communication skills.
  • Ability to balance business priorities with compliance imperatives yet act independently and without influence of others in the organisation.

Benefits of working at Weavr:

A good remuneration package shall be provided to the candidate with the right skillset. The package shall include a base salary, performance bonus, and the opportunity for share options. All employees enjoy a very flexible work environment that supports work-life balance. We pride ourselves in being a diverse workforce, each bringing onboard a variety of skills and talent.

About Weavr

Weavr was founded to make banking and payments less painful for our fellow innovators. Weavr is an embedded banking provider than enables businesses to integrate financial services into their products. Business of all sizes and industries, use our solution to issue and accept payments, and to move money around the world.

Our Culture

We are unashamedly geeky. We prefer smart to big.  We don’t see borders and barriers, we see connections and bridges.   We are dedicated to helping ‘makers’ or all size or stripe succeed.  The community of makers that we’re empowering is big and diverse, so there’s place for all types in our team – but it’s a team.  What matters are our values: create value through simplification, be accessible and collaborative, and be open to change.  That’s as true of our products as it is of how we work.  

Commitment to diversity & inclusion

All qualified applicants will receive consideration for employment without regard to race, colour, age, religion, sex, sexual orientation, gender identity/expression, national origin, disability. We are a diverse and inclusive team and we actively seek to recruit people with different backgrounds and experiences. 

  • Job reference
    REF012
  • Closing date
    2021-12-31
  • Date published
    2021-10-10
  • Status
    Searching
  • Primary job focus
    Legal, Regulatory & Audit
  • Job type
    Full Time
  • Employment level
    Experienced
  • Country
    Malta
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