Head of Risk & Compliance (m/f)

For our office in Malta, Sliema

The person required should have at least 6 years of active experience in compliance and managing risk in the field of e-payments, credit card acquiring, acquiring of alternative payment methods, issuing of e-money instruments and its reporting. The person should have the regulatory know how, that relates to the supervisory body (MFSA) as well as to the card schemes (VISA & MasterCard) in terms of risk assessment, risk classification and their ongoing control mechanisms.

The job requires a detailed operational understanding and handling of customer due diligence processes (CDD) on a b2b as well as on a b2C level, involving all necessary KYC checks & balances that need to be put in place. The person will be in charge of risk assessment based on merchant categories, reputational and business risk positions. The individual should be capable of developing all measures and processes required to conduct a due diligence based on an online research of the merchant. The Head of Risk & Compliance will be in charge of working out a complete documentation of all necessary operational policies around customer onboarding, merchant due diligence, credit risk management, treasury management risk policy as well as the operational risk policy of the company. The role also comprises the implementation of all required compliance documentation, including AML / CFT prevention, operational process manuals etc.

The overall documentation needs to be structured in a way, that the weighted risk approach can become part and will be factored into of the ICAAP (Internal Capital Adequacy Analysis Process), which defines the tier 1 capital requirements for the financial institution.

The Head of Risk & Compliance should have the operational experience to build and motivate a team, that can conduct online research and find risk positions within the clients’ business of the Financial Institution.

The Head of Risk & Compliance shall further have an independent view on assessing business risk and taking countermeasures in order to mitigate or eliminate the risk. The Head of Risk & Compliance will be the MLRO of the financial institution.

The Head of Risk & Compliance will structure the risk committee together with the CEO. S/he should have the experience of properly documenting and communicating such events with the regulator, if required.

Your responsibilities:

  • To ensure that the Company is at all times operating within the terms of its license conditions and any other laws, directives and regulations applicable to same.
  • To ensure that the Company is at all times operating in terms of its policies and procedures.
  • To prepare a compliance manual and compliance regulatory framework for submission to the Board of Directors and thereafter to review this annually.
  • To formulate and implement risk and risk management policies.
  • To conduct compliance cycles and checks and to submit a compliance report to the Board of Directors.
  • To identify the risk areas of the Company’s business and formulate and implement a risk mitigating plan.
  • To check website content and marketing material.
  • To provide assistance and guidance to other members of the Company.
  • To report any suspicious, breaches or other matter of concern to the Company and its Directors.
  • To liaise with the MFSA and other regulatory authorities where required.
  • Other duties commensurate with the role.

Your responsibilities:

  • Degree qualified in Law or Banking & Finance, Statistics, Economics or related discipline.
  • At least 2 years of experience in managing fraud/investigative/underwriting function in the field of e-payments, credit card acquiring, acquiring of alternative payment methods, issuing of e-money instruments and its reporting experience in a gained from working in either Payments, Banking or iGaming industry;
  • Experience with the card associations and their reporting requirements, dispute management understanding and knowledge of PCI DSS concept is much appreciated
  • Experience with other PSP´s or banks or gaming companies around the ecosystem of electronic payments and its related risk is highly appreciated
  • Able to work in a team and individually, have attention to details and meet strict deadlines.

Contact to your new job

Send us your application with CV and portfolio, expressing your interest and explaining why you want to work for us, together with your earliest start date and salary expectation. Applications may take us around two weeks to review so please don’t worry, we will get back to you.


EPG Financial Ltd
71, Tiq It Torri, Level 4
Sliema, SLM1609