CareerFinders, on behalf of our client, a CySEC Regulated Investment Firm with expanding operations in Cyprus, we are seeking to recruit an AMLCO & Compliance Officer to join their growing team based in Nicosia. The AMLCO & Compliance Officer will report directly to the Board of Directors and will assist in maintaining a robust Compliance and AML function that complies with regulatory obligations. Our client is seeking applicants who are ideally educated to degree level in Law, Finance, Business Administration, Accounting or another relevant field who possess relevant, proven AML & Compliance experience working for either a CySEC regulated investment firm or a regulated professional services firm. You will need to be a holder of both the CySEC Advanced & AML certifications and any additional compliance related qualifications/certifications are desirable. Our client offers a highly attractive remuneration package to the successful applicant, based on skills and experience.

Key Duties/Responsibilities:

• Development of a risk assessment framework.
• Develop, initiate, maintain and revise policies and procedures, as well as monitor whether the measures, policies, controls and procedures implemented by the company comply with its AML/CFT obligations.
• Understand, maintain awareness of and ensure compliance with both AML and compliance regulatory requirements including local and EU laws, international and industry standards and best practices.
• Coordinate, monitor and advise on both Global AML and compliance policy, business AML and compliance programs, local AML and compliance procedures, Market Abuse compliance programs and procedures and other applicable compliance requirements.
• Support regulatory applications, maintain current regulatory licenses.
• Respond to ad hoc queries from the Business regarding specialist Cypriot compliance matters.
• Co-ordinate with both domestic and overseas FXCM Compliance Officers and/or MLROs on issues related to cross-border transactions and investigations.
• Prepare weekly, bi-weekly, monthly and quarterly reports to the Global Director of Compliance.
• Produce high level summaries and updates for Senior Management.
• Closely cooperate with and assist the Group’s Head of Compliance to ensure full compliance with all applicable regulations.
• Serve as primary contact person for the prosecution authorities, Cyprus Securities and Exchange Commission (CySEC), MOKAS Financial Intelligence Unit, and other competent authorities.
• Keep abreast of regulatory rule changes and developments, assess their impact and as appropriate, circulate to management to consider next steps.
• Keep up to date with EMIR and MiFID regulatory developments, technical standards and industry solutions.
• Provide advice to the Business on Cypriot regulations that impact a firm dealing in OTC products.
• Perform Quarterly Risk Control Self-Assessment with Department & Country Heads.
• Document and maintain Process Flow Maps, Control Matrices and Control Test Plans for key business processes, and make any necessary updates as changes occur in the Business, Regulatory and Risk Control Environment in Cyprus.
• Assist the Risk Officer in managing other Risk Control Processes and Activities as required.
• Review and monitor risks associated with outsourcing vendors.

Key Skills/Experience:

• Bachelor's Degree (Preferably in Law, Finance, Business Administration, Accounting or any AML and Compliance related career).
• Proven compliance experience or relevant department experience at a CySEC regulated firm or professional services firm.
• Sound previous experience in the Compliance and AML function.
• Good knowledge of Cyprus AML law regulations is a must.
• Sound knowledge of European regulation.
• Ability to work with the business and build smooth working relationships.
• An ability to establish credibility at the most senior levels within the firm.
• Excellent organisational skills and ability to manage multiple tasks and meet strict deadlines.
• Advanced and AML CySEC Certification (required).
• Preferably ACAMS Certified Anti-Money Laundering Specialist (CAMS) or ICA Certified Compliance Specialist or equivalent.

To apply for this vacancy, please send your CV, along with any covering letter to jobs@careerfinders.com.cyquoting the reference number CAR7030. Please note that due to the high volumes of applications received only shortlisted applicants will be responded to. By sending us your CV you are giving CareerFinders your consent to be contacted for this and any other suitable vacancies that we believe match your skills and experience. To view our privacy policy, please click www.careerfinders.com.cy/privacy-policy.