What you need to know about legal and compliance jobs in Malta

Published on: 20 August 2018 Last Updated on: 13 September 2024

How does a firm keep track of the desired implementation of its rules, policies, standards operating procedures, and regulations? How will it know if it is adhering to the regulatory and legal requirements that are mandatory for the continued running of operations? Individuals with legal and compliance jobs are the ones that assure that these organization matters are in order to avoid responsive actions from regulatory authorities plus ensuring that company policies are well adhered to.

Legal and compliance jobs in Malta are the toughest in organizations and require people that are not just thoroughly aware of all SOPs and policies of the firm, but also be updated with the latest requirements and laws for operating in the industry.

Legal and compliance jobs in Malta are in demand since it is hard to come across a compliance officer, given its nature, which needs intensive training, in-depth knowledge in the industry, and proper certification as well as the market and law of the land. These jobs are very demanding and they involve so much responsibility, therefore, the population of compliance officers in any given company is very low. Smaller organizations can have just one compliance officer.

The minimum academic requirement for landing the compliance job is a bachelor’s degree. Nevertheless, with continuous technology modernization and procedure advancements and techniques of running the business, many companies prefer employing candidates with a master’s degree. When it comes to field experience, the requirement of firms varies but it ranges in between five to ten years of working in the relevant industry.

Legal and compliance jobs in Malta revolve around this office working hand in hand with the legal department of the firm to ensure that there is no violation of regulatory policies. The job includes locating flaws in procedures of operation of the firm and take points where the policy of the company has not been followed by departments or individual. These jobs involve reviewing databases, files, and records making sure that they are in the desired order and there is no missing paperwork. The main reason is that all records are crucial to the firm as incomplete ones make the task of a new recruit hard since they are not aware of past events of the firm.

It is a must to have experience in this field, but individuals that are keen observers and can pick very slight irregularities in procedures are the ones that are for this job.

Legal and compliance jobs in Malta are common. Individuals in these roles spend most of their time making sure that industry regulations are partly insured, which means that the insurance requirement terms on their loans or lease are met. These jobs also entail looking for the right insurance company and policy to ensure you. It may be hard at times to locate the right insurance for your client.

Compliance issues usually plague many brokerage or insurance companies as there are moments when the broker or agent cannot just provide the right insurance levels and keep it affordable to the customer. It may be telling the tale of the chosen industry because if the insurance is hard to acquire, it means the risk is quite high.

Vehicle owners are the ones that make legal and compliance jobs in Malta and around the world hard since insurance has to be on the vehicles at all times. The failure of presenting valid insurance when requested by law enforcing agents will lead you to deep issues and fines. It is crucial that when you are an operator or owner of the vehicle to have the required insurance for the vehicle. Additionally, if you are leasing the vehicle or having a lien or loan for the vehicle, you have rules of insurance to follow because they incorporate so much insurance to prevent loss when there is an accident or collision.

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Ultimate Guide to Interview Prep Mastering the Essentials

We have either been in the same spot a few times, or this is your first interview prep. No matter how often you straighten your tie, prepare yourself with your best answers, and finest smiles, chronic nervousness is common. But why do we get nervous before an interview? Even after understanding all the questions, why do our tongues get tied, and we can be at a loss for words? Or do we? Is there a possibility of this ever happening, or are we overthinking it? The biggest reason behind pre-interview anxiety can originate from the myths and mysteries of a job interview. So, that is precisely what we are going to do today. Debunk these myths and give you the reality of a job interview. Plus, this blog post will also focus on giving you curated advice for interviews to ace any, and most importantly, how to get rid of the anxiety psychologically. Interview #Myths (...and the Truth) As you prepare for your interview, here is some good news. You do not have to perfect. Do not worry; no recruiter is looking for a robot. We must already combat enough AI to take our jobs! Authenticity will always trump any robotic response. So, let's give you a few more good news! Myth #1 – You Should Have All the Answers Undoubtedly one of the biggest myths of job interviews is having all the answers. There is a misconception that your incapability to answer a particular question directly indicates your incompetency. Reality That is simply not the case. In fact, sometimes interviewers ask you bizarre questions to test your practicality or even your creativity. Basically, there might not be a correct answer! They are just trying to understand how imaginative you are. However, you might not have an answer to the question, which is all right. It is even okay to politely decline to respond politely. This shows integrity, as you do not wish to waste their time or your own. Plus, it shows your acceptance of your shortcomings and enthusiasm for learning more. Myth #2 – Interviewer Holds All the Power Since you are the one wanting the job, it is common to misconstrue a power dynamic. Many get nervous because they believe the interviewer holds all the power. You might also place the interviewer on a pedestal, thinking they might know a lot and are probably judging all the questions. Reality Interview prep is always a two-way street. While the recruiter judges your capabilities, you are also assessing whether the job is right for you. Plus, their thought of hierarchy can make you more nervous. If you have confidence in your capability and know you will be suitable for the job, then treat your recruiter as your equal. The conversation can go much smoother from that point on. Additionally, you are also allowed to have unique interview questions to ask your employer. It is not a one-way communication. Myth #3 – You Have to Wear a Suit This is an age-old belief that what you wear will heavily influence your first impression on your interviewers. However, the myth is about wearing a suit and always having a tie around your neck. Reality Not that it will hurt if you wear one, it is not a necessity. Dressing yourself up in formals and looking presentable doesn’t always end with a suit. You can look presentable with a simple button-up & trousers. For ease of understanding, we will pinpoint the ones who are not dressed up. Un-ironed cloths Denim Clothes that do not fit you Hats Ripped or distressed pants Pants with too many revealing pockets Revealing clothes Too many accessories A face full of bright makeup & Open-toed shoes (unless they are strappy heels but prefer closed-toed pumps) or sports shoes. If you have a pressed shirt and trousers that fit with closed-toed shoes, you should be ready. Myth #4 – Your Resume Is the Only Game Changer You will find many prints and place their resume in a new folder for their interview prep. They might even present their resume to the interviewer before allowing themselves to sit (...and without even being asked). Reality They rang up for an interview upon perusing your resume. Therefore, they want to avoid sitting and reading through your resume. So, presenting your resume before presenting yourself is not a game. More than your academic or professional achievements, they are here to assess your personal skills. Believe it or not, other candidates might have the same resume. This is not to demotivate your professional capabilities but to understand that it has already created the impression it could. The rest now depends on how you present yourself. Plus, this is an opportunity for you to make yourself stand out. Myth #5 – You Should Have a Firm Handshake The things people overthink before an interview prep can charge anyone’s curiosity meter. One of them is having a firm handshake. Many believe that a firm handshake can telepathically transfer one's strong will and professional excellence to one's interviewer. Reality Again, a good handshake is a sign of a confident personality. However, correlation is not causation. That is, someone with a slightly weaker one isn't automatically wrong for the job. Shaking hands with the person who escorted you to your interview and your interviewers is a sign of respect. Your interviewers will consider you as a polite being (...irrespective of the firmness of your hand). Plus, there are other factors to assess you, so rest assured they are not overthinking your handshake. Also Read: Red flags of a job interview: 8 reasons to turn down an offer Things To Remember While You Interview Prep – Advice for Interview While preparing to be your best self in your interviewer’s eyes, do not forget this last-minute advice for an interview. Check The Job Description: Before you sit before answering the questions, remember to go through the job descriptions a few times. It doesn’t matter if you can’t answer one question, but you should know what job you are interviewed from. Plus, offering you a different job role other than the one in the description is also a major red flag you should look out for. Research The Company: Do not give your interviewers the impression that this is just another interview. Show them that you want the job and start having personal communication about the company. Knowing that you know about the company creates a steady impression. Non-Verbal Communication: 70% of communication in your job interview is non-verbal. When you start your job interview prep, do so in front of a mirror. Finding your best presentation posture, a pleasant smile, and firm eye contact. The entirety of you should be communicating with your recruiters. Especially if you are in a video interview, your non-verbal communication skills will be scrutinized more. Keep In Mind the Timing: You should always be early enough for your interview. This was the interviewer’s understanding of the candidate’s conceptual skills. nature, heavily influencing your acceptance rate. Make it a habit to be 10 minutes before the assigned time for your corporate interviews. Interview Doesn’t End After You Leave: Always send a thank you mail expressing your gratitude. You can also give a better reply to a question asked during the interview. This will show your enthusiasm towards the job, and the fact that you are carrying your research forward even after the interview. Bizarre Interview Questions (...and Their Answers) Interview prep is indeed a serious matter. However, sometimes, interviewees can even ask bizarre questions to cut the tension and add some witty humor. The wittier your answers to these bizarre interview questions are your recruiters will be impressed. Here are some of the common questions whose answers you should prepare. 1. “What’s The Color of Money?” A company once asked their financial candidates this question. This can either be a trick question or a question to test someone’s creativity & knowledge. While the obvious answer would be green, one candidate answered “it depends on the country. While US dollar is green, Japanese Yen could come in blue, green, and purple based on the currency amount.” Can you guess who was hired? Yes, the one with a worldly knowledge about currencies from all over the world. Now, that is someone with a keen interest in finance. 2. “If you were shipwrecked on an island with no food, water, or internet connection, what is that one thing you would like to have.” Now, this is a question that has no right or wrong answer. The recruiter is just trying to assess your problem-solving and critical-thinking skills. One candidate answered “a kindle” which seemed like a dreamy answer. While another candidate said “a boat” which was quite logical. The candidate who got the job said a hammer & a knife. Truly, you will need two important tools to fashion any tool out of whatever’s left. This was the interviewer’s understanding of the candidate's’ conceptual skills. 3. “If you could fly or be invisible, what superpower would you choose?” This is another interview question that recruiters use to break the ice. Through this superpower question, they are just trying to determine whether you are a spotlight person, or someone more willing to work behind the scenes. Oddly, many choose flying over being invincible. However, for candidates who choose invincibility, recruiters can get an idea about their introversion or extroversion nature. Therefore, when preparing for an interview, remember to choose these items wisely. The End of Every Interview Prep No matter how your interview was, always end it with a good note. Remember to shake their hands and express your gratitude for their time. Do not rush the recruiters for a reply. Try waiting for 48 hours, and then send them an email asking for the result. Your interview prep doesn’t end after the interview. A follow-up can always be a game-changer! Hopefully, this blog post was able to calm you down. If you have more words of wisdom for our audience, please add them in the comment section below. Read Also: How Interviews With Industry Titans Motivate And Elevate Company Teams Red flags of a job interview: 8 reasons to turn down an offer

Best Paying Jobs In Consumer Durables

Get ready for a fulfilling, steady, as well as challenging career if you are looking for a job in the industry. Before you find out what are the best paying jobs in consumer durables, you will need to understand the characteristics, requirements, and eligibility of the industry. In this article, we will discuss jobs in consumer durables and why consumer durables is a good career option. Furthermore, we will also talk about what a job in the industry requires an applicant to be. Read through to the end of the article to learn about the pay grade of jobs in consumer durables, as well as the best paying jobs in consumer durables. Consumer Durables – Why Is It A Good Career Path? Consumer durables mainly include products and goods that people use on a daily basis, and they have a long life. On the other hand, consumer non-durables are the ones that do not have a long life, and people need to consume them in less amount of time. Consumer durables include appliances, furniture, electronics, cleaning, culinary, motorized vehicles, and others. Although a job in the industry might not appear quite profitable in the first instance, as you build your experience in the industry, you start getting paid really well. If you are a graduate or someone who wants to start a career, then a job in consumer durables can be an excellent option for you. Why The Consumer Durables Industry Is A Great Career Option? Although everyone has their own reasons for joining a particular job industry of their choice. However, the consumer durables industry is one of the best options if you want to do something interesting and you like working through diverse options. The following are the major reasons why you must consider working in the consumer durables industry: 1. Better Compensation Image Source: www.patriotsoftware.com Although employees in every industry always seek better-paying jobs, there are still jobs in certain industries that do not have a good pay structure in return for the work. However, in the industry, there are many career options that come with a good salary structure. Hence, any job in the consumer durables industry is appealing to someone who wants a better salary structure from the start. 2. Ability To Work In Diverse Jobs Since there is a variety of product options in consumer durables, there are diverse job options as well. Due to diverse job options, the opportunities for jobs have increased a lot in this industry. Furthermore, if you want to gain experience and skills after graduate school, a job in consumer durables is a great option. This is because of the fact that consumer durable products are available in large numbers, simple to use, and are greatly profitable as well. 3. Flexible Working Shifts If you do not like flexible working shifts and want a more scheduled job, then this industry is not a great option for you. However, by working according to flexible hours, you will be able to get more time for yourself. Employees working in the industry find flexible working schedules better. What Are The Best Paying Jobs In Consumer Durables? Below given are the best paying jobs in the consumer durables industry that you must aim for now: 1. Sales Manager In this job, you will need to supervise and manage the sales activities and the sales personnel. Apart from that, you will also need to focus on the sales activities of the corporation on a daily basis. You will also need to make a sales strategy and sales objectives and monitor their performance. 2. Retail Manager Retail managers have the responsibility to run and manage retail stores. Apart from managing the employees, you will need to keep a track of the inventories as well. 3. Social Media Manager Here, you will need to promote the products and offers of the brand with the help of social media platforms. Furthermore, you will also be responsible for organizing campaigns, developing campaigns, and messaging people. 4. Finance Manager You will be concerned about the finance of the business if you work as a finance manager. You will need to make financial reports, create financial strategies, and monitor investment activities. In addition, you will be in charge of managing the company's revenue and expenses. 5. Product Designer If you are a product designer, you will have a lot of demand in the industry. The average salary of product designers is $100K. You will also need to monitor the entire designing process of the consumer durable products that the company you are working for. To design products, you will have to work with product managers and engineers. Best Paying Jobs In Consumer Durables- Scale Of Payment The different jobs in consumer durables have different salaries since the responsibilities of the jobs are different in every case. A job in the industry will allow you to work in the area of your interest. Whether you are interested in household durability or you have more knowledge of technology and electronic appliances, you will still get decent pay if you have good knowledge of the sector that you are working in. As a starter, you will get a decent pay of about $15,000. This is a great number for someone who is starting out in the consumer durables industry. As you rise through the ladder in the industry, once you become a marketing manager, you will be able to earn $143K on average. However, a business analyst in the industry earns an average salary of $78K in the USA. Summing Up In the field of consumer durables, you will be able to come across a wide range of opportunities, in addition to a large number of benefits. The reason behind this fact is that consumer durable products are available everywhere, and also, they are always in high demand. Apart from that, these products are easy to use and also have a high cost, which enables companies and workers to make a good profit. Read Also: Is Investment Managers A Good Career Path Is Finance Consumer Services A Good Career Path? How Many Jobs Are Available In Consumer Services?

How to Keep Remote Employees Productive in 2022

The remote work movement is here to stay. That’s something we can say with confidence at this point, following a rapid shift during the pandemic. Even companies that at one point were very strictly against remote work now have hybrid options, or some are remote-first and remote-only. As companies transitioned, perhaps not willingly, but because they were forced to during the pandemic, they saw real benefits. A lot of employers say that their employees were more productive than they thought they would be and happier in many cases too. That doesn’t mean that it’s all smooth sailing, though. Managers and leaders are still looking at ways to keep remote employees productive and engaged over the long-term with remote work, now that the newness has worn off and the reality of possible downsides has set in. For leadership in 2022, the following are things to remember to keep your remote teams productive and thriving. 1. Give Them the Technology They Need to Succeed You want your remote employees to feel like they can access everything they need to do their jobs quickly and easily. At the same time, in providing that access, you can’t sacrifice your cybersecurity. Many bad actors have taken advantage of remote work over the past couple of years, wreaking havoc on businesses. To keep remote employees productive but also to protect your data and assets, think about investing in an identity and access management (IAM) security strategy. IAM makes it easy for your employees to access everything required to do their jobs quickly and efficiently but simultaneously reduces the risk of an identity breach. The more cumbersome your identity management or cybersecurity tools, the less productive and engaged your employees are going to be. Similarly, ask your employees if there are other apps or resources they might require to be more productive. Using good project management software goes a long way in any organization. Very little thought should be given to how they access the network and the resources they require day-to-day on their part—your focus should be on the provision of a seamless experience so this can happen. 2. Keep Your Employees in the Loop, No Matter Where They’re Working There’s a term that you’re likely to hear more of in the coming months and years, which is remote-first. In a remote-first organization, there is still a physical office space, but it’s not a hub of communication or decision-making. Instead, the online world is. The office may exist as needed or when someone prefers to come in, but managers and leaders make an effort to ensure that everyone who works remotely is in the loop and the conversations are happening digitally first and foremost. If there are any updates that need to be shared, or you need feedback or have company news, make sure remote employees have access to it. Even if you aren’t technically remote-first, keep employees connected through communication. 3. Rethink Your Onboarding Process If you’re hiring new employees right now, how you onboard them is going to have a ripple effect on their productivity throughout the entirety of their time with your company. Remote new hires tend to feel significantly less equipped to do their jobs. They need support, and your onboarding strategy should take into account the remote element. Your employees need access to login credentials and documents, they need training and orientation, and they also need training on less apparent drivers of success. For example, your onboarding program should include things like how your organization members communicate with one another. 4. Recognize If You’re a Productivity Killer Managers and leadership may be killing employee productivity, and they often have no idea they’re the problem. If you’re constantly holding long-winded meetings on video chat, you are killing productivity. Just like in the past few years there has been a big push away from pointless in-person meetings, make sure you’re not creating the same environment digitally. If you don’t need everyone to attend a video meeting, then don’t have everyone participate. Let your employees work in the ways that they think are going to help them meet goals and achieve, without trying to take up too much of their time or micromanage. The real advantage of remote work is that you can think less about how employees get to a certain endpoint. Instead, it’s about results. You’re not monitoring everything they’re doing, so allow employees to thrive and be more productive by meeting objectives you set but doing so in the ways they think are best or most effective. You’ll find if you set measurable, specific goals but then take a step back, it helps your remote employees thrive. Read Also: What No One Tells You About Working Remotely Tips For Calling In Sick To Work 5 Of the Highest Paid Remote Jobs

What you need to know about legal and compliance jobs in Malta

5 Of the Highest Paid Remote Jobs

I’m Being Overworked by My Employer – What Should I Do?

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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5 Of the Highest Paid Remote Jobs

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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