Head of Compliance VAC-14820M 43 views

Our client, a CySec licensed FX Company in Limassol is looking to hire a Head of Compliance for their team in Limassol. The ideal person for this position will have a solid experience in business law, CySEC regulations, internal audit and risk management. Successful Head of Compliance will demonstrate a solid background of the current and anticipated Forex regulatory environment, take charge attitude, and communication skills. The Head of Compliance will focus on CySEC licensing and compliance by training, audits, and liaison with external auditors and regulators.

The role will be predominately office based. The Head of Compliance will build and maintain a strong regulatory compliance culture treatment of partners and customers is aligned with the company vision, mission and values. They will embed this across the business and in all operational and strategic activities. Compliance Head will ensure that a proactive approach is taken to the identification of risks – including advising on the risks associated with new regulations, new business, change initiatives and their impact on company strategy. This role will proactively identify and mitigate regulatory and compliance risks while maintaining communication to the business. The Head of Compliance will handle all communication with the regulators, auditors and other outside counsel.

Respond to Compliance inquiries
Make sure that the firm is in compliance with the CIF legislative framework
Integrate Compliance and AML matters into policies, procedures, forms and training
Draft the Companies Manuals and Business Policies
Draft procedures for in-house use and resolving any dispute regarding such matter
Making certain that employees are following internal compliance guidelines
Draft procedures for cooperation with outsourced Service Providers and monitoring of outsourcing arrangements implementation
Review the marketing promotional material and tools, and advice as to the applicable legislation
Ensuring compliance with regulation regarding any marketing promotions and/or advertisements
Audit all policies and procedures in order to be in line CySEC’s requirements
Review marketing/promotional material to ensure compliance
Handle clients’ complaints
Maintain the accuracy and relevancy of compliance records, tests and training material
Enact corrective measures when necessary and inform the company Directors
Prepare and maintain AML Program and AML checks in all transactional processes
Monitor transactions, published content, and recorded calls
Maintain and monitor Suspicion Reports provided by other departments
Monitor outsourcing arrangements
Provide Compliance and AML training to employees
Liaise and communicate with the Regulator
Preparation and submission of reports to CySEC
Lead and manager Internal Audits
Review and draft contracts, terms and conditions, legal opinions and answers, and any other legal document
Drafting board resolutions/minutes
Lead and Manage the Compliance and Back Office team
Assisting, training and updating the Back Office in implementation of new regulations
Monitoring the Accounting Function (reconciliations and funds safeguarding arrangements)
Coordinate litigation activities
Advising on the new business strategy and organisational structure of the Company

The successful candidates will have/be:
1-3 years of experience in Internal Audit, Risk Management, Compliance with the Prevention of Money Laundering and Terrorist Financing – Advantage
CySEC Advanced Certificate
Fluent English
Legal Background would also be considered an advantage;
Excellent knowledge of CySEC licensing and regulations
Background in Internal Audit / Risk Management / Compliance with the Prevention of Money Laundering and Terrorist Financing would be considered as an advantage
Ability to work in a fast-paced environment
Able to work under pressure and meet tight deadlines
Ability to influence regulatory bodies and external stakeholders
Excellent verbal and written communication skills and the ability to tailor style to relevant audience
Experience of working across complex, fast-paced environment and C-Level management
Previous experience of operating at a senior level with a demonstrable ability to gain trust and influence at all levels
Enjoys being part of a successful and productive team and thrives in high pressure and challenging working environments – excellent team worker
Patient, responsible, positive and problem-solving attitude
High level and current knowledge and experience of best CySEC practices for Compliance and Risk Governance in the forex industry
Ability to effectively communicate complex and dry legal matters in interesting ways to employees without any legal background

The working hours are Monday – Friday 9am – 6pm

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ILovemondays – Jobs In Cyprus

ILovemondays CY helps recent graduates and unemployed people find and apply for job positions all over Cyprus.

ILoveMondays CY

ILoveMondays Cy – Working in Cyprus
29 L. Arnold street, Limassol, 3075, Cyprus
[email protected]
+357 99584868