Franco Borg Email & Phone Number

Malta

Malta

Leading and coordinating the Internal Audit Service of the MAPFRE Middlesea PLC and MAPFRE MSV Life, in accordance with the regulations in force and the guidelines from MAPFRE’s Audit General Management, in order to ensure compliance with rules and procedures as well as the validity of the information reported to Senior Management for decision making.KEY RESPONSIBILITIES AND DUTIES• Lead and coordinate the internal audit services with the aim of ensuring the veracity of the information provided by the Organisation as well as compliance with the regulations in force. • Define and execute the Internal Audit Plan of the Company, establishing its objectives and deadlines, as well as the teams responsible for its implementation, in order to ensure the effective control of the company’s operations. • Coordinate and assess the reliability and integrity of the accounting and financial information prepared by the Operating Unit and/or Division, as well as the validity, adequacy and application of the accounting and operational principles, promoting that they are effectively controlled. • Direct the preparation of audit reports and the monitoring of action plans, ensuring compliance with the rules and standards in force, in order to duly inform the General Management of any deficiencies detected and make recommendations to resolve them. • Promote an appropriate organisation of the human and material resources in the area, and lead and coordinate the employees under their direction, encouraging the development of actions that help integrate, develop and disseminate the unit’s strategy and policies across all levels, while providing a suitable work environment with a focus on innovation, growth and profitability.

Malta

Experience gained whilst working with a wide range of Financial Services clients particularly in the Banking and Capital Market space including Tier one investment banks and retail banks. Assignments carried out, included:Managed the operations for an international banking client in the understanding and assessment of its worldwide Transaction Monitoring AML systems, processes and controls. Formed part of the Senior Management team that led a Led the Case Assessment work stream PMO for a major Regulatory Section 166 programme, to evaluate the adequacy and effectiveness of the Financial Crime control environment, supervisory oversight and supporting infrastructure across all key business lines and worldwide operations. This involved providing governance, operational support, planning and reporting for a team of 90 team members engaged in different workstreams including AML, Sanctions, Assurance, Governance, People , Risk Assessment and Data Management. Engaged to be one of the leaders on an Enterprise Wide Risk Assessment project for a major International Bank. This project was global in nature covering all business lines of the Bank in over 70 countries, that included all business lines. The primary objective of the risk assessment was to enable the bank to assess their exposure to OFAC Sanctions and AML risks and its mitigating controls across the global organisation. Seconded for 6 months to manage the contracting team supporting the second line high risk AML/CTF correspondent banking remediation process for one of the big 4 clearing banks. The team won an award for best team specifically in relation to this work. The FCA deems correspondent banking as a high risk business, subject to heightened risk of money laundering. The team’s review focused on the due diligence that has been applied to the Bank’s clients, the jurisdiction from where they operate and the regulatory environment as well as other risk factors.

Ireland, Italy, Oman, Malta