Deputy Money Laundering Reporting Officer

  • Basis:  Full-Time
  • Closing Date:  02 May, 2024
  • Job Ref:  KMP-89916

Job Description

Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs. The services are provided through three independent business units, which are served by our internal Banking-as-a-Service Growth Platform. Multitude’s business units are consumer banking (Ferratum), business banking (CapitalBox), and wholesale banking (Multitude Bank). Multitude Group employs over 700 people in 25 countries and offers services in 16 countries, achieving a combined turnover of 212 million euros in 2022. Multitude was founded in Finland in 2005 and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol ‘FRU’.

Multitude Bank p.l.c., part of the Multitude Group and located in Malta, is looking for a Deputy Money Laundering Reporting Officer who will be responsible for, among other matters, compliance reviews, transaction monitoring, investigations and contributing to strategic decision-making. In this role, you will be reporting directly to the Bank’s Money Laundering Reporting Officer.


  • Assisting the Head of AFC / MLRO in overseeing all aspects of the Bank’s FCC activities;
  • Reviewing AML / CFT compliance checks carried out by the Bank’s first line of defence;
  • Support the reviewing and testing of the relevant functions in relation to the above, in line with the anti-financial crime plan;
  • Overseeing the ongoing monitoring of the transactions monitoring rules implemented within the bank’s transactions monitoring solution;
  • Liaise with internal departments in the development of AFC controls and in carrying out remediation exercises;
  • Reviewing alerts generated at all phases of the Bank’s customer life-cycle, commencing from onboarding until the closure / termination of customer accounts;
  • Support the identification of practical and feasible solutions for the Bank’s business requirements, including the analysis of new business projects;
  • Initiating investigations, completion of internal and external STRs and supporting all necessary follow-up action;
  • Overseeing the processing of requests for information and other orders received from the competent authorities, whether in Malta or abroad, including the Police, judicial authorities and others;
  • Assist in the implementation of measures to be taken to ensure compliance with applicable laws, rules, regulations and standards;
  • Liaise, where necessary, with regulatory and supervisory authorities and internal stakeholders;
  • Ensure that compliance monitoring is carried out in line with all relevant instructions and parameters, as periodically updated by the Bank.


  • In-depth knowledge of the regulatory and AML / CFT framework in Malta;
  • Minimum of 5 years experience as a senior AML / CFT compliance professional;
  • Financial services-related academic qualification;
  • Experience working in a regulated environment, preferably in banking or the payments sector;
  • A solid understanding of corporate on-boarding processes;
  • Professional certification in AML / CFT compliance;
  • Solution-based and proactive attitude with respect of compliance and AML / CFT matters.
  • Strong communication and interpersonal skills;
  • Good command of Excel.

We offer:

  • Wellbeing benefit;
  • Private insurance;
  • Weekly breakfasts in the office;
  • Hybrid-flexible working model;
  • Access to LinkedIn learning with over 8000 courses;
  • Share purchase matching program up to 10% of annual gross salary;
  • Opportunities for growth, the realization of one’s own ideas, and further training;
  • The opportunity to work in a dynamically and international evolving company.