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Junior Risk Associate

FIAU • Oregon, IL, United States • $200k - $250k / year • 1m ago

The FIAU is seeking to strengthen its Supervision Section through the recruitment of Junior Risk Associates.

Duties & Responsibilities

Assisting in conducting the risk assessment of subject persons across all sectors, by ensuring that these are carried out in line with the FIAU’s risk assessment methodology and within the required timeframes.
Assisting in the compilation of risk evaluation questionnaires.
Ensuring risk profiles are updated at all times by identifying and monitoring any significant changes and risk trends.
Assisting the Risk Manager, Assistant Manager and Risk Associates in carrying out risk-related projects and ad hoc tasks.
Assisting the Risk Manager, Assistant Manager and Risk Associates with the extraction, collation and analysis of data obtained through both thematic and other supervisory reviews in order to provide guidance to subject persons, including assisting in drawing up guidance papers.
Assisting the supervision teams in the provision of risk data and trends relevant to the conduct of compliance examinations.
Assisting the Risk Associates in carrying out verification checks on risk data available through validation checks, subject persons’ document reviews and supervisory meetings.
Liaising, coordinating, and cooperating with various Competent Authorities including the Malta Financial Services Authority, Malta Gaming Authority, Sanctions Monitoring Board, the National Coordination Committee for the Prevention of Money Laundering and Funding of Terrorism, and the Malta Police Force as may be required from time to time.
Assisting in other tasks related to evaluations and assessments being undertaken by various local and international bodies such as the EU, the Egmont Group, MONEYVAL, FATF, etc.

Requirements

MQF Level 5 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject and at least 2 years work experience relevant to this post; OR
MQF Level 4 qualification in Risk Management, Banking and Finance, Financial Services, Audit or in any other subject and at least 3 years work experience relevant to this post.
Knowledge and practical understanding of the laws that govern the prevention of money laundering and financing of terrorism in Malta and the applicable international standards and EU legislation.
Knowledge or experience in risk assessment, data analysis or statistics is considered an asset.
Outstanding written and verbal communication skills in English.
Proficiency in the use of Microsoft Office and office automation tools.

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