Regulatory Compliance Manager & Deputy MLRO

Flexible work environment in Malta

Weavr is the easiest way for businesses to embed relevant financial services into software at the point of need. In July, Weavr successfully obtained its EMI licence from the Malta Financial Services Authority (MFSA), which will enable the company to scale its support to existing and future B2B SaaS businesses.

Founded by serial entrepreneurs who are leaders in the fields of payments and fintech, we’re a team of 100+ can-do builders who are at the frontier of the embedded-finance industry.

The team is characterised by smart, kind and high-performing experts who offer and ask for respect, openness and trust. Weavr is still small enough to feel tight-knit but operates and communicates at the level of a more mature organisation.

This role & opportunity

The Regulatory Compliance Manager is a key member of the Compliance function of Weavr (Europe) Ltd, reporting directly into our Head of Compliance and MLRO (Malta) and participating with the wider business in the UK and EU.

You will:

• Possess a strong working knowledge of Maltese and EU regulations, especially applicable to risk, compliance monitoring, policy, regulatory reporting and management information.

• Identify risks and ensure diligence practice around maintaining a robust and proportionate control framework and ensure Weavr remains compliant.

• Assist in overseeing the Company's anti-money laundering (AML) systems and serve as a point of contact when serving as Deputy MLRO.

• Deputise for the MLRO in their duties when required; at the point of standing in for the MLRO, the Deputy MLRO will report directly to the Board of Directors of the Company.

• The Deputy MLRO possesses comprehensive knowledge of local AML laws and regulations pertaining to financial institutions.

• Be excluded from involvement in the Company's operations, until or only when they step in for the MLRO.

Responsibilities:

• Compliance management information: Preparation of reports & related materials.

• Compliance monitoring: Reviews of business activities, report and manage remediations

• Committee participation: to document the context and key actions and ensure follow-up by the business; offering your own advice and suggestions to influence outcomes as appropriate

• Compliance policies: Maintain procedures that align with EU & MT best practice and maintain all team members engage with said policies well;

• Educating regulatory requirements: Across the company to ensure adherence and quality process development to other key team members.

• Maintaining the risk registry and associated risk assessments in line with company policy and procedures

• Gap analysis: Between Weavr’s current processes and better practice

• Deputise: For the Head of Compliance as required

• AML training and compliance oversight: Ensuring training of employees in AML matters and their compliance with obligations.

• AML controls: Maintaining controls and procedures to deter criminal elements from using company resources, including setting up, implementing, and monitoring AML procedures.

• Transaction classification evaluation: Determining whether UTRs qualify as STRs following investigation.

• Suspicious Transaction Reporting: Reporting suspicious transactions to FIAU by submitting STRs.

• Timely response to regulatory requests: Responding promptly to FIAU requests for information.

• Regulatory AML issue investigation: Investigating regulatory AML issues as they arise

• Annual AML regulatory reporting: Preparing annual AML regulatory reports.

• Regulatory Authority liaison: Liaising with MFSA, FIAU, and other necessary competent authorities.

• Board reporting on AML matters: Reporting regularly to the Board of Directors on AM matters, including the preparation of AML reports.

About You

• Experience: 5 years+ within the the banking industry (EMI, regulated fintech, banks or Regulator)

• Communication: Proficient in the English language (Maltese, is advantageous) with strong communication skills to interact with regulatory authorities, senior management, and employees effectively.

• Relationship Building: Demonstrable track-record of working within regulatory regimes including coverage of risk and associated compliance frameworks and generating accurate regulatory reports. Matrix management and effective influencer across all levels and business areas

• Procedures Framework: Experience in creating, writing and managing the ownership of the policies and procedures framework

• Attention to Detail: Keen attention to detail to ensure accuracy in AML procedures, transaction classifications, and regulatory reporting

• Time Management: Familiar with working in pressurised and high volume environments

• Regulatory Knowledge: A desire keep pace with changes to legislation, regulations and market practice and responding to regulatory consultations

• AML Regulations Expertise: Deep understanding of AML regulations, guidelines, and best practices.

• Training and Development: Ability to design and deliver effective AML training programs for employees.

• Risk Management: Proficiency in assessing and mitigating AML-related risks within the organisation.

• Investigative Skills: Capability to conduct thorough investigations into suspicious transactions and regulatory AML issues.

• Regulatory Compliance: Knowledge of regulatory requirements and procedures for reporting suspicious transactions and responding to regulatory requests.

What to expect from the process

Talent Screen - 30 Minute video call to run through the role and your experience

Case Study - 24 hours to respond to a case study example

Hiring Manager - 45 Minute video call to delve deeper in to your technical expertise

Team and Company Fit - 45-60 minute call with the CFO and Head of Financial Control

What’s in it for you

• Competitive salary regularly benchmarked against industry standards.

• Flexible working environment: hybrid & remote-friendly

• Private health insurance

Commitment to equal opportunity, diversity & inclusion

All qualified applicants will receive consideration for employment without regard to race, colour, age, religion, sex, sexual orientation, gender identity/expression, national origin, disability. We are a diverse and inclusive team, and we actively seek to recruit people with different backgrounds and experiences.

More about Weavr

Since our establishment in late 2020, our innovative approach has earned significant support, including a US$40 million Series A funding round led by Tiger Global in 2022, along with participation from notable investors such as Mubadala Capital, Latitude, QED Investors, Anthemis, Headline, and Seedcamp. We've also snagged a bunch of industry awards along the way!

Join us on our mission to make embedding financial services easy and secure for businesses and banks alike. Together, we’ll create a future where finance is seamlessly woven into the digital fabric of everyday life.

Department

Compliance

Role

Compliance Lead / MLRO

Locations

Naxxar, Malta

Employment type

Full-time

Remote Status

Hybrid

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