Head of AML Compliance & MLRO
St. Julian's - Malta
Central Functions – Compliance & Risk /
Full-time /
On-site
Who are we?
OpenPayd is a leading global payments and banking-as-a-service platform for the digital economy. Through its API-driven technology, businesses can embed financial services into their products and create the seamless user experiences needed to drive business growth.
OpenPayd’s platform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, and Open Banking services globally via a single API integration. OpenPayd is committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.
Our Mission
Our mission is to ‘To open up banking and payments for business globally, through a modular platform’. We believe that all businesses regardless of their scale or industry should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible, and scalable platform.
How will you add value to the OpenPayd journey?
- Serve as the MLRO, ensuring compliance with AML/CTF regulations, the Prevention of Money Laundering Act and FIAU guidance.
- Lead the development, implementation, and enhancement of AML/CTF policies, procedures, and risk frameworks.
- Act as the primary point of contact for AML matters, engaging with regulators, banking partners, and law enforcement agencies.
- Oversee and submit Suspicious Transaction Reports to the FIAU and ensure internal AML escalation processes are effective.
- Prepare and present AML/CTF risk reports to senior management, the Board of Directors, and regulatory bodies.
- Keep up to date with regulatory changes, industry trends, and enforcement actions, advising senior leadership on financial crime risks.
- Own and maintain the Business Risk Assessment, Customer Risk Assessment and Financial Crime Risk Framework.
- Oversee Customer Due Diligence, Enhanced Due Diligence, and Ongoing Monitoring processes, ensuring effective risk controls.
- Oversee the Transaction Monitoring Framework, ensuring suspicious activity is identified, investigated, and escalated in a timely manner.
- Provide AML risk assessments for new products, business lines, and high-risk customer segments.
- Develop and implement AML training programs for internal teams, fostering a strong compliance culture.
- Work closely with the Director of Compliance, UK MLRO, and senior management to align AML compliance strategies across jurisdictions.
The ideal candidate will have the following:
- 8+ years of experience in AML, financial crime compliance, or regulatory compliance, ideally within an EMI, PSP, or Fintech.
- Proven experience in a senior AML leadership role, preferably with MLRO experience and MFSA approval.
- Strong knowledge of Maltese AML laws, FIAU guidance, MFSA regulations, and EU financial crime frameworks.
- Experience managing high-risk sectors and complex corporate structures.
- Extensive experience in transaction monitoring, risk assessments, STR filing, and regulatory reporting.
- Strong leadership, analytical, and decision-making skills, with experience managing AML teams.
- Ability to interact with regulators, external auditors, and law enforcement agencies.
- ACAMS, ICA Diploma, or equivalent AML certification is highly desirable.
- You are driven, ambitious and keen to grow with the company
We’d like you to take a read of our Talent Acquisition Privacy Notice which explains how we collect and process your personal data. Please read our notice carefully. By submitting the application button, we will consider that you aware of it.
We are looking forward to receiving your CV.
OpenPayd Talent Team
To all recruitment agencies: OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. OpenPayd is not responsible for any fees related to unsolicited resumes. OpenPayd will only accept CV's from the partners with relevant agreement via the People and Talent team only.
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