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MLRO & Compliance Officer
VertoFX
Compliance / Regulatory
Valletta, Malta
Posted on Dec 12, 2025
Location
Valletta 🇲🇹
Employment Type
Full time
Department
Compliance & Legal
At Verto, we're on a mission to democratise global finance and empower businesses in Emerging Markets to reach the world. Founded by British-Nigerian entrepreneurs Ola Oyetayo and Anthony Oduu, our roots in Africa provided a firsthand understanding of the significant challenges businesses face with cross-border payments, ranging from illiquid currencies and high fees to slow transactions. This deep-rooted insight is why Africa remains a core focus, as we're committed to bridging the gap between emerging and developed markets and fostering global economic growth.
What started as an FX solution for the Nigerian Naira has evolved into a market-leading platform, enabling thousands of businesses to seamlessly transfer billions of dollars annually. We believe that where you do business shouldn’t determine your success or ability to scale. We're creating equal access to the easy payment and liquidity solutions that are already a given in developed markets.
We're not alone in realising this crucial need; we're backed by world-class investors including Y-Combinator, Quona, and MEVP. With Verto receiving the Milken-Motsepe Prize, appearing on CNBCs list of fastest growing UK companies, the Deloitte Fast 50 and Sifted’s fastest-growing UK tech companies, we are building a seamless cross-border payment future.
Join us as we continue to grow and transform global finance.
Role Overview:
As the MLRO & Compliance Officer, you will hold a dual responsibility. You will act as the pivotal guardian of Verto’s anti-money laundering framework while overseeing broader regulatory compliance.
You will report directly to the Board of Directors regarding AML/CFT reporting and work closely with the global Verto Group including its UK Headquarters. You will also work in close collaboration with the Risk Officer based in Malta to align compliance controls with operational risk management.
What You’ll Be Doing
1. MLRO Duties (AML/CFT)
Regulatory Reporting: Act as the primary liaison with the FIAU and MFSA. You are responsible for submitting Suspicious Transaction Reports (STRs) and responding promptly to requests for information from the FIAU.
Suspicious Activity Monitoring: Receive and evaluate internal reports of unusual transactions or suspicious activity. You must determine if there is sufficient suspicion to escalate these to the FIAU.
AML Framework Management: Maintain and update all AML controls, including Know Your Customer (KYC), Customer Due Diligence (CDD), and record-keeping procedures to ensure they meet the standards of the Prevention of Money Laundering Act and the Implementing Procedures.
Risk Evaluation: Complete and submit the annual Risk Evaluation Questionnaire (REQ) through the CASPAR portal and ensure the company’s Business Risk Assessment is kept up to date.
Board Reporting: Produce and present the Annual MLRO Report to the Board of Directors, alongside monthly Risk and Compliance updates, providing a clear view of the company’s financial crime risk exposure.
2. Compliance Officer Duties
Regulatory Oversight: Ensure Verto Malta Ltd remains compliant with all conditions of its EMI license, the Financial Institutions Act, and conduct of business rules.
Policy Management: Analyse, structure, and improve all internal compliance policies, procedures, and manuals. You will ensure these are operationally effective and accessible to relevant staff.
Training & Culture: Design and deliver AML and compliance training for all staff and the Board of Directors, ensuring a strong compliance culture is embedded across the organisation.
Advisory & Strategy: Act as the main escalation point for compliance matters and advise the business on the regulatory impact of new technologies or product lines.
Team Leadership: Build, mentor, and motivate a team of committed compliance staff, overseeing their career development and ensuring the department's industry expertise remains current.
What You'll Bring
MFSA Approval: You must be currently approved (or fully eligible for approval) by the MFSA as an MLRO or Compliance Officer.
Experience: At least 5 years of experience in AML, compliance auditing, or as a Compliance Officer, preferably within the Payments (EMI), PSP, or Fintech sectors.
Regulatory Knowledge: Deep understanding of Maltese AML laws, FIAU Implementing Procedures, MFSA rules, and UK regulatory frameworks.
Education: A Bachelor’s degree in Law, Compliance, Accounting, Business, or a related field.
Professional Certification: A recognised qualification in AML/Compliance (e.g., CAMS, ICA Diploma) is highly desirable.
Leadership: Proven experience in building and mentoring compliance teams.
Communication: Strong verbal and written communication skills, with the ability to relay complex regulatory information efficiently to the Board and external stakeholders including regulators.
Detail-Oriented: Ability to meet strict regulatory deadlines (e.g., STR/SAR filing, REQ submission) with high accuracy.
Residency: Must be resident in Malta for the Key Function Holder role, and have full authorisation to work in Malta.