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Position Details
Reference No.
113209
Title
Head of Compliance VAC-19737M
Employment Type
Full Time
Available Positions
1
Location(s):
Limassol
Posted On:
08/12/2020
Contact Details
Company
StafffMatters Recruitment Specialists
Contact Person
Administration Team
Address
Limassol
Limassol
Phones
25341383
Email
admin@smstaffmatters.com
Job Description

Our client, a CySEC regulated Forex Company based in Limassol, is looking to hire a Head of Compliance to manage a team of 5 people.

Responsibilities:

Developing, implementing and administering all aspects of the Company's Compliance Management Program

Ensuring compliance with laws, regulations and directives issued by CySEC

Ensuring implementation of the procedures described in the Company's Procedures Manual

Ensuring the Company complies with its continuous obligations to CySEC (e.g. submission of Capital Adequacy Return, notifications to CySEC regarding any changes in the Company's structure, services, personnel, procedures, etc.)

Develop and maintain internal AML/CFT (Anti-Money Laundering and Combating the Financing of Terrorism) compliance manuals, policies, procedures and systems

Provide advice and guidance to Company's employees, training the Company staff with the applicable laws, rules and regulations including AML/CFT

Implementing of the "KYC" procedures of the Company and ensures the relevant departments follow them strictly

Dealing with client complaints and legal matters related to compliance

Reviewing Company's Marketing materials and checking if has been prepared in accordance with the legal requirements

Liaise with external lawyers as needed

Communication with regulatory bodies

Work closely with the Risk Management and report to the Senior Management

Provides an Annual Report to Senior Management and the Board of Directors on the matters of his responsibility indicating in particular whether the appropriate remedial measure have been taken in the event of any deficiencies

In addition, ensures that Conflict of Interest Policy has been disclosed to clients before opening account with the Company

Ensures that there is a clear distinction between the different departments' operations so as to secure no conflict information gathering, counterfeiting or hiding of information is minimized

Designs the internal practices, measures, procedures and controls relevant to the prevention of money laundering and terrorist financing; describes and explicitly allocates the appropriateness and limits of responsibility of each department that is involved in the abovementioned

Ensure that all employees are aware of the forbidden business practices

Responsibility to review and update (if needed) all Policies and Procedures of the Company on an Annual basis

Qualifications:

University degree in Law or a degree in business or finance

Previous experience in investment firm required minimum 3 years with at least 1 year as Head of Compliance.

Fluency in English Language

Familiarity with financial regulatory bodies and audits, including CySEC (Cyprus Securities and Exchange Commission)

Excellent knowledge of Microsoft Office

Good communication, presentation and negotiating skills 

Ability to prioritise, work under pressure and within tight deadlines

Ability to work to a high degree of accuracy

Ability to evaluate issues from a regulatory perspective with a practical, business-orientated, common sense approach to complex problem solving

Knowledge of the global regulatory environment and research oriented

Organized, with attention to detail 

Proactive and result oriented work culture

Ability to multitask and problem solve

Team player and ability to lead a team

Advanced CySEC certification required for the position as per CySEC's rules

Knowledge of Cyprus AML law relating to key areas of responsibility

Full understanding of the Forex industry

Salary up to 5,000 Euros gross

The company offers: 

Competitive remuneration package (yearly bonus scheme)

Medical insurance scheme (after the probation period) 

Professional growth is encouraged

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