Our Client is a Payment Service Provider based in Limassol and offering turnkey solutions to its clients , due to continuous growth my client is looking to recruit a Compliance Specialist to join the team.
Compliance Specialist Duties
Monitor regulatory updates/changes:
Ensure the Company and its compliance practices are up to date with the latest regulatory developments and requirements.
Conduct risk assessments:
Identify and assess compliance risks within the Group, and ensure these risks are mitigated for all the Groups licensed entities in the UK, EU and US/Canda.
Develop and implement compliance policies and procedures for the licensed entities of the group:
Create, maintain and ensure that the compliance policies and procedures are aligned with regulatory requirements and industry best practices.
Train and Educate:
Provide training to colleagues in various departments on regulatory compliance, setup internal training material, and ensure all staff in compliance and risk departments are kept up to date with the industry and regulatory requirements.
Compliance Reporting:
Preparing and submitting reports to regulatory authorities in the UK, EU, US and Canada as required and ensure proper records of the submissions are properly kept.
Internal audits and Project Management:
In collaboration with the compliance colleagues, conduct regular internal audits throughout the BLK group, with focus on the licensed entities to assess whether these entities are complying with regulations and identify areas of improvement if needed.
Ability to co-manage compliance-related projects and procedures.
External Audits:
Collaborate with external financial auditors and the regulators, walk them through the procedures/policies adhered by the compliance department of the licensed entities.
Liaising with Regulatory authorities:
Serve as the primary point of contact for regulatory authorities and ensure that all the licensed institutions maintain a positive relationship with them.
Compliance Testing:
Perform compliance testing to ensure all financial institutions of the group have proper compliance controls and operations as required.
Skills and Attributes
A systematic and structured approach to tasks with a strong attention to detail and accuracy.
Minimum five years of experience in a similar role and in a similar industry
Excellent communication and interpersonal skills, including the ability to collaborate effectively with diverse teams.
Ability to manage multiple projects simultaneously and prioritize tasks effectively.
Willingness and flexibility to handle all other compliance-related tasks and responsibilities as directed by senior management.
Experience from fintech industry with previous experience with EMIs and PIs is required
Salary and benefits
Salary budgeted up to 3000 Euros gross monthly based on skills.
Annual bones based on performance.
Working hours:
Monday to Friday 9:00 – 17:00
1 day per week working from home.
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Deputy Compliance Officer with reference number 2543.
Or you can apply directly through your candidate login by hitting the APPLY button.
