Compliance/AML Officer

Job description

The role will include assisting with the development, implementation, and maintenance of a robust and effective compliance framework in order to ensure the Company’s compliance with legal and regulatory requirements.

Job Duties

• Monitor and ensure compliance with the CySEC sector-specific Financial Services regulations and other applicable legislation.
• Initiate/approve/oversee implementation of changes to procedures, software, websites and information systems.
• Create/update/approve Terms & Conditions, Client Agreements, Policies for the Company's Services.
• Develop Internal Control Management system (manuals, internal procedures, measures, practices and controls). - Conduct compliance checks and audits, identified deficiencies and risks, oversee corrective actions.
• Produce compliance reports for Management.
• Coordinate and communicate with CySEC and the Financial Investigation Unit (MOKAS) on all matters in respect to money laundering
• Prepare the monthly, quarterly, semi-annual and annual reports with respect to anti money laundering activities, as required by the CySEC
• Develop and conduct training programs to staff on matters relating to anti money laundering issues and the methods to fight it
• Provide advice and guidance to the employees on the correct implementation of procedures and controls to prevent money laundering and terrorist financing
• Examine any transaction that may be associated with money laundering
• Monitor the activities of all customers and group of customers
• Monitor new accounts and follow up on existing ones to ensure full compliance with the Bank’s policies and procedures
• Follow up with customers to collect necessary documents and information in order to complete and update their files
• Prepare and maintain lists of customers classified as low, medium and high risk as per CBC regulations and the Bank’s internal AML policy and procedures
• Remain up-to date with the developments in the applicable laws, rules and standards.

Job Requirements

• Minimum experience of 2 years as a compliance/AML officer in a CIF.
• CySEC license – must.
• University Degree - in Law or related field will be an advantage.
• Excellent knowledge of CySEC directives and regulations.
• Diligent, responsible and reliable person.
• Fluent in English – must.
• Eligible to work in Cyprus

Job Benefits

• Professional development - professional development through a Regulated environment with law firms and advisors.
• Salary - will be determined based on the candidate’s experience and knowledge.
• Career development opportunities
• Small Friendly Environment