Finaro (Formerly Credorax)

AML Officer

  • Basis:  Full-Time
  • Closing Date:  23 Oct, 2022
  • Job Ref:  KMP-76011

Job Description

Finaro (formerly Credorax) is an established payment services provider and card payments acquirer specializing in tailor-made solutions for eCommerce transaction processing. The Bank is now seeking to recruit an AML Officer to join a high-performing Ongoing Monitoring team as the business goes through a period of transformation.

The AML Officer will be a member of the Ongoing Monitoring team, in respect to the KYC changes that occur within businesses, reporting to the Senior AML officer and providing support to the company globally. He / She will work closely with team members and the Manager on a wide range of day-to-day issues.

These duties, which relate to the post of the Employee and which, due to the dynamic nature of the company’s business, may evolve and change continuously, include but are not limited to:

  • Performing ongoing monitoring, Know Your Customer, Anti-Money Laundering, Fraud checks on existing clients – based on procedures and policies, being able to determine necessary checks according to various business models and setups.
  • Carrying out KYC on banking clients. Be familiar with different business set up types (such as sole traders, partnerships, trust, limited liability companies and publicly traded companies) and knowledgeable about KYC requirements when it comes to verification and identification.
  • Checking all actions carried out at onboarding and reevaluating, using tools such as World Check, GBG, Salesforce and, if necessary, to be able to conduct checks in Company Watch, Webshield, VMAS, MATCH, but not limited to checking and approving payments within our core banking system.
  • Liaising directly with internal teams, such as Fraud, Financial Risk, Underwriting, Legal, Operations, Payments, Sales, Treasury and Finance teams.
  • Liaising directly with external teams, such as correspondence banks, card schemes (Visa / MasterCard), different service providers – company registers, World Check.
  • Raising suspicious activity / transactions to the MLRO where appropriate.
  • Ensuring that data storage, whether electronic or physical, is in line with internal and regulatory requirements.
  • Liaising with internal and external stakeholders to ensure appropriate records management systems, tools, and processes are in place.
  • Ensure we are compliant with all third-party authorities which provide us licenses to carry out our business. These would include Visa, MasterCard and the MFSA.
  • Ensuring the company acts in accordance with current EU and local AML legislation, namely the Financial Intelligence Analysis Unit’s (FIAU) implementing procedures, PMLFTR and the PMLA.
  • Escalate with the company’s governance structure, as appropriate, any identified GAPs, deficiencies, or requirements to ensure compliance with internal and regulatory requirements and policies.
  • Ensuring that service-level agreements (SLA) are met.

Key Requirements:

  • Have a minimum of 3 years of experience in a similar role.
  • Applicants must be in possession of a related diploma or degree.
  • Possess excellent organizational and interpersonal communication skills.
  • Have a strong work ethic and attention to detail.
  • Be highly organized, proactive, and able to work on your own initiative.
  • Be a team player and able to meet strict deadlines.
  • Be fluent in oral and written English.

Benefits of working for Finaro
Our bright open-plan offices are in the heart of Valletta, Malta’s historic capital city, offering a modern, functional, and welcoming environment.

As part of our standard remuneration package, we offer parking allowances and private health, dental and life insurances, as well as preferential home rates and pension plan with APS according to company policy.

We also offer discounted corporate gym rates, daily fresh fruit, family-friendly measures (hybrid working model) as well as exciting company events.