AML Specialist

About us

RCI Insurance Ltd and RCI Life Ltd aim to provide insurance solutions to customers of Mobilize Financial Services’ automobile financing business and are authorized by the Malta Financial Services Authority.

The company offers a comprehensive range of financing and related services for car customers of Renault Group. Backed by an international network, the company has established itself in Malta to deliver and service a portfolio of protection insurance products in a number of European Countries.

In order to strengthen its existing team, the Company is seeking a ‘AML Specialist', who will report functionally to the Chief Legal and Compliance

What you will do ?

• Oversight of the AML/CFT responsibilities of the companies especially for RCI Life Ltd & RCI Insurance Ltd, including drafting and management of the AML/CFT Compliance Program

• Performance of due diligence on direct payments prior to claims payments being effected.

• Collate and produce the AML/CFT related Risk Evaluation Questionnaire for the FIAU

• Collate and produce AML/CFT related reporting to all regulatory authorities where required (QLB, Annual Internal Control Report), KPIs, and regulatory monitoring

• Monitoring of risk classification for Savings entities (tracking and analysis)

• Responsible for the consolidation, harmonization and project management of AML/CFT frameworks across the Group’s Savings entities (internal

control, compliance, audit)

• Drawing up of an annual training program for employees and ensuring that such program is executed.

• Oversight of transaction monitoring in accordance with the PMLFTR and ongoing monitoring of the business relationships.

• Maintaining internal AML/CFT Policies and Procedures up to date and aligned with the PMLFTR and the Implementing Procedures (Part I).

control, compliance, audit)

• Responsible for developing, implementing and documenting AML/CFT frameworks for the Savings

entities

• Follow-up and support for action plans resulting from local inspections or audits

• Back-up for the AML/CFT analyst covering the corporate scope and savings scope

• Analysis and handling of alerts for Savings activities in Malta (sanctions, PEPs, transaction monitoring)

• Execution and streamlining of first-level AML/CFT and KYC controls for savings banks within the scope

• Point of contact with the Malta Financial Security Authority (MFSA) on AML/CFT matters

• Review of customer risk classification and the customer profile in coordination with the AML/CFT savings oversight officer

• Project developments oversight (KYC updates, alert scenario analysis and enhancement, etc.)

• Acting as the MLRO for RCI Life Ltd. In this position, the individual concerned would be responsible for receiving and reviewing internal disclosures of unusual activity or transactions and raising suspicious activity reports to the Financial Intelligence Analysis Unit (FIAU).

• Responding to requests for information from the FIAU and the other competent authorities and law enforcement bodies such as the Police and the Asset Recovery Bureau.

• Drawing up of an annual training program for employees and ensuring that such program is executed.

• Oversight of transaction monitoring in accordance with the PMLFTR and ongoing monitoring of the business relationships.

• Maintaining internal AML/CFT Policies and Procedures up to date and aligned with the PMLFTR and the Implementing Procedures (Part I).

Who are we looking for?

· Degree in Finance, Banking, Criminology or Compliance

· Experience in AML and/or KYC function

· Fluent in English is mandatory

· Excellent communication skills

· Strong analytical abilities

· Highest degree of attention to detail

· Relevant qualifications and solid academic background

Why join RCI Insurance?

· Be part of an international Group

· Nice and friendly working environment

· Multicultural environment (16 different nationalities in Malta)

· Hybrid working conditions

· Heath & Dental Insurance for you and your family

· Access to an online training platform to develop your professional skills

Type of contract: Full time – Indefinite Contract

Location: St Julian’s STJ 3155, Malta.

Renault Group is committed to creating an inclusive working environment and the conditions for each of us to bring their passion, perform to the full and grow, whilst being themselves.  
We find strength in our diversity and we are engaged to ensure equal employment opportunities regardless of race, colour, ancestry, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, etc. If you have a disability or special need requiring layout of the workstation or work schedule, please let us know by completing this form.