Regulatory Compliance Officer

Trumia is a new-generation E-Money and Payment Services financial services provider, licensed and regulated in the EU. The Institution has set out to provide its clients with customer-centric and innovative financial services. It offers both consumer wallets and corporate accounts, driven by state-of-the-art technology to make its financial services seamless and beneficial to its users.

We are currently looking for a Regulatory Compliance Officer to join our fast growing and dynamic team. The Regulatory Compliance Officer will be responsible for assisting the Head of Compliance with overseeing and managing the Institution's compliance risks, ensuring compliance with regulatory requirements and providing effective guidance to the business function on compliance issues. The successful candidate will work closely with the Head of Compliance and business functions to promote a strong compliance culture and ensure that regulatory obligations are met across the Institution’s activities.  

Responsibilities

• Assist the Head of Compliance with establishing, implementing and maintaining a risk-based framework in order for the Institution to fulfil its Compliance functions across all of its activities
• Assist in the management of the Company's compliance framework in line with applicable regulations and industry best practice
• Maintain a Compliance Obligations Register and assist in Compliance risk assessments, ensuring that appropriate controls are in place to manage identified risks
• Oversee the policy lifecycle management process, ensuring periodic reviews, approvals, and version control of all compliance-related policies and procedures
• Assist with the preparation and execution of the Compliance Monitoring & Testing Plan
• Maintain oversight of the regulatory reporting calendar, ensuring timely and accurate submissions
• Monitor regulatory developments (local and EU level, e.g. MFSA, FIAU, CBM, ECB, EBA) and assist in assessing their impact on the business model and products and in ensuring that the business functions implement necessary changes to comply with new or amended requirements
• Assist with the ongoing monitoring and reviewing of the communications and notification to and from regulatory bodies
• Assist with the preparation and submission of periodic reporting to the FIAU and the MFSA as well as assisting with the management of regulatory reviews/visits and internal audits
• Assist with the preparation of Compliance Reports to be presented to Management and Board of Directors
• Assist with the preparation and delivery of effective training programmes to support all staff in keeping current with developments on compliance matters

Requirements

• Minimum of 3 years experience in a Compliance role at a financial institution or equivalent
• Knowledge of the applicable local and EU legislation and supporting regulations, particularly of PSD2, EMD2, Financial Institutions Act and Financial Institution Rules
• Good understanding of compliance frameworks, compliance risk assessment, and control design
• Ability to translate regulatory requirements into practical business processes
• Fluent in both written and spoken English
• Ability to work in a rapidly changing regulatory environment
• Ability to manage multiple tasks and meeting deadlines
• Understanding of different payment methods and mechanisms (ex: Bank transfers, Card payments; PISP, APM; etc
• Familiar with the process of on-site and thematic inspections conducted by regulatory authorities and internal auditors
• Attention to detail and exceptional organisational skills

Benefits  

• Private Health Insurance (after probation) 
• 24 days of vacation per year 
• Attractive office location and facilities 
• Company parking facilities 
• Daily breakfasts and Friday lunches in the office 
• Regular office & team building events

Join us at Trumia, where you can leave your mark on the future of financial services.

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