Key Purpose of the Role
The AML/Compliance Team Leader will support the Head of Compliance in ensuring that Truevo maintains an effective AML/CFT and Compliance framework in line with MFSA requirements, EU regulations, and Card Scheme obligations.
The role involves leading the day-to-day AML and compliance operations, supervising the AML/Compliance team, ensuring effective monitoring and reporting, and maintaining high standards of regulatory adherence.
The AML/Compliance Team Leader reports directly to the Head of Compliance and works closely with the MLRO and other internal stakeholders.
Key Responsibilities
The AML/Compliance Team Leader will:
- Support the Head of Compliance in the implementation and ongoing maintenance of the company’s AML/CFT and compliance framework.
- Lead, supervise, and mentor the AML/Compliance team, ensuring effective allocation of workload and adherence to SLAs.
- Provide oversight on customer onboarding reviews, enhanced due diligence (EDD), ongoing monitoring, sanctions screening, and transaction monitoring processes.
- Identify, assess, and escalate AML/CFT and sanctions risks to the Head of Compliance and MLRO where appropriate.
- Assist in the preparation of internal and regulatory reports, including compliance monitoring reports and management information.
- Participate in the development, implementation, and review of AML/CFT and compliance policies and procedures.
- Monitor adherence to internal controls and recommend enhancements where gaps are identified.
- Support regulatory inspections, audits, and requests for information.
- Ensure proper record keeping in line with regulatory and internal standards.
- Stay up to date with local, EU, and international regulatory developments in AML/CFT, sanctions, and payments regulation.
- Act as a key point of contact for operational AML/compliance queries across the business.
- Collaborate closely with the MLRO on suspicious activity assessments and internal reporting processes.
- Contribute to compliance monitoring plans and participate in periodic testing and control reviews.
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Support remediation projects and corrective action plans arising from audits, monitoring, or regulatory findings.
Requirements
- Minimum 4–5 years’ experience in AML/CFT and Compliance within the payments industry, fintech, or financial services.
- Strong knowledge of AML/CFT regulations applicable in Malta and the EU.
- Good understanding of Card Scheme rules and regulatory expectations relevant to payment institutions.
- Practical experience in KYC, CDD, EDD, sanctions screening, and transaction monitoring.
- Experience in leading or supervising a team is highly desirable.
- Experience in regulatory reporting and handling compliance-related documentation.
- Ability to manage multiple priorities and deadlines in a fast-paced environment.
- Excellent written and verbal communication skills.
- High level of integrity, professionalism, and attention to detail.
- Organised, proactive, and capable of working independently when required.
- Strong interpersonal skills with the ability to collaborate across departments.
Education & Professional Qualifications
- Bachelor’s Degree or Diploma in Banking, Finance, Law, Business Administration, or a related field from a recognised educational institution.
- AML/CFT or Compliance certification (e.g., CAMS or equivalent) is considered an asset.
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