Our client, a CySEC regulated Forex Company based in Limassol, is looking to hire a motivated individual in the role of Head of AML/Compliance.
Responsibilities:
Leadership and Oversight:
- Lead and manage the AML team, ensuring effective implementation and monitoring of AML requirements, including KYC procedures for clients and contractors.
- Responsible for the development, implementation, and maintenance of the Company's AML policies and procedures.
Monitoring and Compliance:
- Supervise the monitoring of clients’ transactions for compliance with AML regulations.
- Ensure the Company's full compliance with CySEC and European AML regulations, by working closely with the Compliance department.
- Regularly review and update AML policies and procedures to align with regulatory changes and best practices.
Auditing and Reporting:
- Serve as the primary point of contact for internal/external auditors and CySEC in matters related to anti-money laundering.
- Develop and implement a robust AML monitoring and reporting system to detect and address potential risks.
- Report to the Senior Management and the Board on AML matters, including risk assessments and compliance status.
Risk Management:
- Recommend and manage the AML risks by continuously monitoring and assessing the operations of the AML department and relevant level of risk to which the Company is exposed to.
- Maintain comprehensive knowledge of clients’ risk categorization in accordance with the AML Directive.
- Ensure thorough verification of clients identities, origin of funds, based on the AML regulations.
Training and Development:
- Develop and deliver AML training programs for staff to ensure awareness and understanding of AML requirements.
- Stay abreast of industry developments, regulatory changes, and best practices in AML compliance to enhance the Company’s AML framework.
Requirements:
- Minimum of 3-5 years of experience in financial firms, with a focus on anti-money laundering and compliance functions.
- Stable working background
- Proven track record of managing an AML team and implementing AML programs.
- Holder of the CySEC AML certificate.
- A university degree or professional qualification in finance, law, or a related field.
- In-depth knowledge of CySEC and European AML regulations.
- Expertise in KYC procedures, transaction monitoring, and risk assessment.
- Fluent in English
- Polish skills are a plus
- Strong analytical, organizational, and communication skills.
- Comprehensive understanding of the requirements for clients’ risk categorization and the necessary documents for verifying clients’ and the origin of funds.
- Ability to work collaboratively with various departments and the Senior Management.
- Strong problem-solving skills and the ability to make sound decisions under pressure.
Working hours:
- The working hours are 9am – 5pm one week and the other week 2pm – 9pm (so weekly shifts). This is an onsite role.
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Head of AML / Compliance with reference number 2562.
Or you can apply directly through your candidate login by hitting the APPLY button.
