Karl is mainly involved in the audit of a number of leading credit and financial institutions, primarily banks, payment services, electronic money and technology companies. Karl leads a number of reputable audit clients such as the Central Bank of Malta, Commbank Europe, Ferratum Bank, Insignia Cards Limited, C4U Malta Ltd, YSG Safe Processing Ltd and Secure Trading Financial Services.
At PwC, Karl is heavily involved in assisting financial institutions to acquire their payment service/electronic money licence in Malta, including review of the company's business plan and compilation of the organisation's policies and procedures. Additionally, Karl provides ongoing regulatory advice to financial institutions, including the treatment of large exposures, own funds rules, outsourcing rule, liquidity rule, advice on the prevention of money laundering and other ad hoc regulatory clients’ queries as they arise.
As part of the manager’s team at PwC Malta, his role includes:
• Establishing and improving relationships with key client contacts through regular communication and being on the lookout for any service opportunities with existing clients.
• Guiding the team in relation to the client business, its industry and its business risks.
• Prioritising time and managing multiple engagements within tight deadlines imposed by the client and the Malta financial service authority.