Unlike many sectors, this sector of the Maltese market has benefited from COVID-19. This is since everything shifted online causing a digital revolution to occur. Skill sets that have been in high demand in Malta in 2021 are knowledge of Anti Money Laundering (AML) and Responsible Gaming.

Since June, when it was announced that Malta had been grey-listed by the Financial Action Task Force (FATF), regulations have become increasingly strict for banks and payment providers. This could only mean that AML and compliance have become more important than ever, mostly due to MoneyVal.

Salaries have seen a slight increase but have more or less remained steady as Malta continues to attract banking and payment professionals to relocate to Malta. Malta remains an attractive place for people to work and build a career due to the strong job market and lifestyle opportunities. In our Malta Salary Guide, it was noted that there were some salary increases which are largely due to many new regulations focused on AML. iGaming, Banking and Fintech companies are the key organisations that are hiring in this sector in 2021.

There are various factors that candidates are bearing in mind in this market when considering a new job. There still remains a number of remote positions, beneficial training and standard working hours. Hiring companies are typically searching for candidates with technical payments knowledge, understanding of different licenses, regulations and AML/Compliance experience.

The Compensation and Benefit schemes being offered include health and dental insurance, wellbeing allowance, gym membership, food allowance, bonus and remote/flexible hours. Overall, candidates are still seeking remote roles and it seems unlikely that they will want to go back to the office full time and immediately.

Some companies are even offering options to work from another country for a week or two out of the year – this is going to be very attractive to candidates and an additional benefit to attract candidates.

For current Finance & Legal job market salary rates, feel free to download our Salary Survey.