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 the AML Compliance Executive I as part of its team.

Duties:

• 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;
• Perform the due diligence on client files, requesting the KYC information, documentation, review and verification of received documentation, and making an analytical risk assessment of clients;
• Conduct Customer Due Diligence (CDD) and Know Your Customer (KYC) research, as part of the business-wide Anti-Money Laundering (AML) compliance remediation process;
• Performs the necessary screening and media screening;
• 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 submitting internal suspicion transaction reports to the MLRO or his Deputy when relevant;
• Assist on compliance matters that are applicable to the company;
• Undertake necessary work, including dealing with customers and record-keeping, as well as other tasks set out by the line manag

Requirements:

• Bachelor’s degree preferably in Banking, Law, Economics, Management, and Accountancy;
• More than 2 years of relevant experience in the banking / financial / payment industry;
• Sound knowledge of AML / CFT Laws and Regulations governing the EU and Malta;
• Ability to perform complex analysis and present the findings in a structured manner;
• Excellent communication and interpersonal skills, ability to explain complicated matters in an easy way;
• Strong sense of responsibility, and self-motivation with the ability to work independently;
• Problem-solving and decision-making skills;
• High sense of responsibility and self-motivation;
• Strong strategic, critical, and analytical thinking;
• Highly organised with excellent coordination skills;
• Excellent command of English, both written and spoken. Any additional language would be considered an advantage;
• Proficiency in MS Office applications;
• Ability to work independently and organize your work;
• Willingness to constantly improve oneself in the area of AML / CFT and international sanctions compliance.

We offer:

• Full-time;
• Competitive salary;
• Flexible work environment (hybrid);
• Private health insurance.