Our client an international Online Gaming Company with operations in Malta, Israel, UK, Moldova, Romania and Cyprus is looking to hire a Compliance & AML Officer for their office in Limassol.
This role demands a professional with a keen eye for detail and a solid understanding of Anti-Money Laundering (AML) and Customer Due Diligence (CDD) processes.
The ideal candidate will bring at least 5 years of relevant experience and be committed to ensuring the company’s operations comply with the latest regulations and industry standards.
Responsibilities:
AML/CDD Duties:
- Perform Customer Due Diligence in alignment with the customer's risk level, scrutinizing sources of wealth and funds, and conducting open source checks, sanctions, and PEP screenings.
- Manage administrative tasks, including customer communication and meticulous record-keeping.
- Analyze transactions for potential red flags indicating suspicious or unusual activity and report these findings to the Money Laundering Reporting Officer (MLRO).
- Prepare and submit suspicious transaction reports (STRs).
- Serve as the primary contact for operational teams regarding CDD, AML, and related issues, offering necessary support and guidance.
- Address escalations according to established processes, ensuring compliance with regulatory standards.
- Critically evaluate existing processes for gaps, suggesting improvements to align with regulatory requirements.
- Develop risk mitigation strategies following AML audit findings, and implement controls within set timelines.
- Support the MLRO in documenting new processes, updating procedures, and conducting training.
Compliance/Legal Responsibilities:
- Provide expert advice to management on adhering to local laws and regulations.
- Handle litigation matters in coordination with external legal advisors.
- Address escalated customer complaints, drafting formal responses.
- Conduct thorough legal research and prepare reports for management to support decision-making.
- Stay informed on changes in local regulations and industry trends, advising management on necessary operational adjustments.
- Assist with both internal and external audits, regulatory requests, and legal claims.
- Review and advise on commercial contracts, ensuring they meet legal standards and business objectives.
- Oversee the compliance of promotional campaigns with relevant legal requirements.
- Suggest modifications to Terms and Conditions to meet evolving business needs.
Requirements:
- A minimum of 5 years' experience in a similar role, preferably within the iGaming industry.
- Proven expertise in AML and CDD practices.
- Exceptional analytical and problem-solving skills.
- Strong communication and interpersonal abilities.
- Up-to-date knowledge of money laundering and terrorist financing regulations, as well as industry best practices.
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Compliance / AML Officer with reference number 2369.
Or you can apply directly through your candidate login by hitting the APPLY button.
