MLRO & Compliance Manager of GlobalCapital Life Insurance Ltd and Compliance Manager of GlobalCapital Health Insurance Ltd

Who we are


The GlobalCapital Group of Companies comprises a number of financial services companies based in Malta. Established in 2003, we offer a range of insurance products and financial management services through our subsidiary companies. We are renowned for providing a fast, efficient and personalised service to all our customers. With a strong team of trained and dedicated professionals committed to achieving and maintaining the highest of standards in everything we do.


To commit to this promise, we are looking at extending our sales teams both in Malta and in Gozo. If you have the confidence to promote yourself together with our products and services, then you are the right candidate and we would like to hear from you.

 

Overall Purpose of Position

The Compliance Manager oversees the corporate compliance functions, operating as an independent and objective body that reviews and evaluates compliance issues and concerns within the organisation.  The position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of the managing regulatory body, that Company policies and procedures are being followed and that behaviour in the organisation meets the Company’s Code of Conduct and Ethics. 

The Anti-Money Laundering Risk Officer (MLRO) is responsible for monitoring internal AML procedures and policies relating to record keeping, reporting, risk assessment, customer due diligence measures and management control systems.  The Officer is also responsible in helping preventing money laundering and terrorism financing.

The Compliance Manager oversees the corporate compliance functions, operating as an independent and objective body that reviews and evaluates compliance issues and concerns within the organisation.  The position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of the managing regulatory body, that Company policies and procedures are being followed and that behaviour in the organisation meets the Company’s Code of Conduct and Ethics. 

The Anti-Money Laundering Risk Officer (MLRO) is responsible for monitoring internal AML procedures and policies relating to record keeping, reporting, risk assessment, customer due diligence measures and management control systems.  The Officer is also responsible in helping preventing money laundering and terrorism financing.

 

Main Duties & Responsibilities

 

Manages the day-to-day operations of the Legal and Compliance Department.

Develops, initiates, maintains and revises policies and procedures for the general operation of the Compliance Department and its related activities to prevent illegal, unethical or improper conduct.

Develops and periodically reviews and updates standards of conduct and provide guidance to management and employees.

Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.

Institutes and maintains an effective compliance communication programme for the organisation.

Develops an effective compliance training programme, including appropriate introductory training for new employees as well as ongoing training for all employees and tied insurance intermediaries.

Carries out any compliance audits, spot-checks, investigations and other routine checking to ensure compliance with guidelines, regulations and any legislation.

Help manage and cultivate contacts and relationships with regulators, ensuring that communication with regulators are open and constructive.

Ensure familiarity in the knowledge of Solvency II issues in order to undertake a more proactive role in the Solvency team.

Represents GlobalCapital in legal, arbitration and mediation proceedings concerning a range of litigation and other legal issues with the assistance of the Employer’s lawyers / advocates as and when required

 

Requirements 

 

Proven experience as compliance manager, preferably with experience in Life Insurance

In-depth knowledge of the industry’s standards and regulations

Excellent knowledge of reporting procedures and record keeping

A business acumen partnered with a dedication to legality

Methodical and diligent with outstanding planning abilities

An analytical mind able to “see” the complexities of procedures and regulations

Excellent communication skills

BSc/BA in law, finance, business administration or related field

Certified compliance professional is a plus

 

Interested applicants are requested to email their CV to:
careers@globalcapital.com.mt