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Legal Officer (Banking - Malta)

Location: Malta Salary: Salary Negotiable
Sector: Financial Services Job Type: Permanent
Shift Type: N/A Applications: N/A
Posted: 11 months ago Reference: 3051801
REED Specialist recruitment are working with an international bank and are seeking a Legal officer for their Maltese office. The role will report to the Compliance Manager and will involve identifying and assessing compliance risk, establishing and implementing procedures as required. There will also be ongoing monitoring of all relevant policies/procedures. You will need to maintain communication with the Group Compliance Division and local regulatory and supervisory authorities on any compliance related matters.

Main Responsibilities
1. Reviews customer files and checks if all documentation is in place according to the applicable polices/procedures.
2. Reports any deficiencies identified in the customer due diligence process and the ongoing AML/CFT monitoring to the Compliance Manager.
3. Performs transaction monitoring of customers, with a specific emphasis on high risk customers in line with the relevant procedures.
4. Assesses the reports prepared and submitted by the other units of the Bank on the recommended termination of a business relationship with a customer.
5. Involvement in the development and delivery of internal training programs.
6. Assisting in the drawing up of reports (both on general compliance and on AML/CFT matters) that are sent to the Group’s Compliance Division on a monthly, quarterly, yearly or on an ad hoc basis.
7. Monitoring and review, on a daily basis, of new Sanctions/Court Orders against specified individuals and companies, and taking all necessary action thereon.
8. Replies to legitimate requests for information made by the Financial Intelligence Analysis Unit (FIAU), the Malta Financial Services Authority (MFSA) and other regulatory/supervisory authorities or law enforcement agencies.
9. Acts as the alternate AML/CFT officer in the absence of the AML/CFT
10. Assists the Compliance Manager in drafting /updating all relevant policies /procedures in line with Group/ Regulatory changes/updates and that they are properly implemented
11. Supports the compliance Manager in the provision of advice to the Bank’s senior management on compliance laws, rules and standards, including keeping them informed about developments in this area.
12. Assesses the possible impact, in conjunction with the compliance manager, of any changes to the legal environment on the operations of the Bank.

Job Requirements
1. University Law Degree.
2. Additional relevant qualifications, including post-graduate qualifications focusing on compliance, would be favourably considered.
3. Fluency in English and Maltese. Knowledge of any other additional languages would be favourably considered.
4. Previous work experience as a legal and compliance officer is an asset, but not essential requirement to this position.
5. Strong communication skills are essential, as well as in-depth knowledge of the applicable legal requirements and overall financial services regulatory and supervisory framework.

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