CareerFinders, on behalf of our client, an expanding company operating in the Online Gambling industry, we are seeking to recruit an Assistant Compliance Officer to join their growing team based in Nicosia. The successful applicant will work closely with the Compliance Executive to implement and maintain compliance programs, including AML policies and procedures, as well as conduct research on relevant laws and regulations, ensuring compliance and communicating updates. Our client is seeking applicants who are ideally educated to degree level in Accounting, Finance, Law, or another related field, and holders of the CySEC AML certification are encouraged to apply. Previous experience carrying out know-your-customer (KYC), customer due diligence, and enhanced due diligence checks is a must, and any experience in the sports betting industry is greatly desirable, but not essential. Excellent verbal and written communication skills in Greek and English are a must. Our client offers an attractive remuneration and benefits package based on skills and experience including 13 salary, fully paid medical insurance, Friday afternoon’s off, and a hybrid working model.

Key Duties/Responsibilities: 

• Collaborate with Compliance Executive to implement and maintain compliance programs, including AML policies and procedures.
• Conduct research on relevant laws and regulations, ensuring compliance and communicating updates.
• Conduct thorough research on relevant laws, regulations, and industry guidelines related to online sports betting, staying abreast of regulatory changes, and communicating updates to the Compliance Executive.
• Assist in maintaining accurate records, reports, and documentation related to compliance activities. Ensure that all compliance-related documents are organized and readily accessible.
• Assist in monitoring compliance with regulatory requirements and internal policies, preparing compliance reports for submission to regulatory authorities as necessary.
• Support internal investigations into compliance issues or violations, documenting findings and aiding in the implementation of corrective actions.
• Participate in compliance audits to evaluate program effectiveness, identifying areas for improvement and assisting in the implementation of audit recommendations.
• Collaborate with the Compliance Executive to analyze gambling-related data and trends. Prepare reports on key performance indicators related to safer gambling initiatives and present findings to management as needed.
• Monitor customer transactions and account activities for suspicious patterns indicative of money laundering or other financial crimes, investigating and escalating concerns in accordance with company policies and regulations.
• Investigate and respond to AML and Safer Gambling alerts, conducting client account reviews and escalating issues as needed.
• Address client complaints in a timely and appropriate manner, collaborating with relevant departments to implement corrective actions and ensure client satisfaction.
• Assist the Compliance Executive in fulfilling reporting obligations on a monthly, quarterly, and annual basis.
• Conduct KYC checks, including enhanced due diligence, and affordability assessments to ensure compliance with regulatory requirements.
• Conduct customer risk assessments pertaining to Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and responsible gambling risks.
• Conduct affordability assessments to determine whether a client’s deposits are affordable and request further information where necessary.
• Assist in preparing and submitting Terms and Conditions (T&Cs), Sports Rules, and T&Cs of promotions/offers, ensuring compliance with regulatory requirements and company standards.
• Review marketing materials to ensure alignment with regulatory guidelines and company policies and submit them to the Regulator for approval, providing necessary documentation and supporting information as required.
• Perform any other assigned compliance-related tasks, including admin duties.
• Perform other duties as assigned by the Compliance Executive to support the overall compliance function.

Key Skills/Experience: 

• University degree in Accounting, Finance, Law, or related field.
• Have previous experience carrying out know-your-customer (KYC), customer due diligence, and enhanced due diligence checks.
• Experience in the sports betting industry is greatly desirable, but not essential.
• Be intellectually curious and have the confidence to follow up on compliance concerns using your own initiative.
• Be familiar with the AML framework, including obtaining and analyzing sources of funds.
• Have previous experience with safer gambling issues, including customer interaction processes is a plus.
• A solid understanding of National Betting Authority requirements under the regulated law, including social responsibility, customer interactions and AML/CFT is desirable.
• Ability to develop good relationships with other departments and with clients.
• Excellent attention to detail and strong written and oral communication skills.
• Be discreet when dealing with confidential requests.
• Be sensitive, professional, and resilient when conducting customer interactions.
• AML CySEC Certificate holder is desirable.
• Excellent knowledge of the Greek and English languages.

Key Benefits:

• Competitive remuneration package based on qualification and experience.
• Fitness allowance with reimbursement every month.
• 13 salaries.
• Medical Insurance.
• Friday afternoon’s off.
• Hybrid working conditions.
• Flexible working hours.
• Outstanding conditions for professional growth and development.

To apply for this vacancy, please send your CV, along with any covering letter to jobs@careerfinders.com.cy quoting the reference number CAR7459. 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.