Compliance Executive

  • Basis:  Full-Time
  • Closing Date:  14 Feb, 2021
  • Job Ref:  KMP-57427

Job Description

Papaya Limited is licensed and regulated by the Malta Financial Services Authority to issue electronic money in terms of the Financial Institutions Act. Papaya is seeking to recruit a Compliance Executive as part of its team.

The Compliance Executive will be reporting to the Head of Compliance / MLRO and will: 

  • Monitor client transactions and performance against fraud, card scheme requirements, internal thresholds, AML and CFT regulations.
  • Review of transactions monitoring alerts to flag or identify suspicious activity outside the normal pattern and activity.
  • Investigate and take immediate action on alerts, notifications and reporting to ensure compliance at all times.
  • Creating necessary manual alerts for fraud detection according to the fraud trends and patterns.
  • Maintain all investigation records and case outcomes.
  • Reviewing fraud and chargeback levels as per internal accepted levels and as per card scheme regulations.
  • Notify customers of potential breaches and make sure all necessary action is taken.
  • Explore new ways that can help improve existing fraud, AML and CFT strategies.
  • Work with other departments where necessary to ensure that proper action is taken followed for the respective client.
  • Request and analyze the source of funds and source of wealth documentation.
  • Investigating suspicions of money laundering and terrorism financing or and submitting internal suspicion transaction reports to the MLRO or his deputy when relevant.
  • Assist on compliance matters that are applicable to the company.

Personal skills required for the role:

  • Excellent verbal and written communication skills in English.
  • Detail-oriented.
  • Strong organisational skills with great attention to detail.
  • Ability to work on his / her own initiative and also as part of a team.
  • Have a good knowledge of the Microsoft Office and Windows environment.
  • A proactive approach to situations.

Requirements:
The suitable candidate must possess:

  • A financial or legal qualification.
  • At least 2 years’ experience in a similar role within the financial services industry.
  • Knowledge of existing regulations and directives in relation to AML is required.
  • An excellent command of the English language, and any additional language would be considered an asset.

The chosen candidate will be offered on-the-job training.

Please send your CV and motivation letter in English.