Compliance Executive

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.
Papaya Limited - KMP-57427