Our client is a boutique Advisory Services Group supporting investment fund managers, global investment firms, crypto asset providers, family offices and electronic money institutions (EMI) operating worldwide. Due to continuous growth my client is looking to recruit a Senior Finance & Risk Reporting Associate, Team Lead for their offices in Limassol.
Job Description:
- Department: Finance & Risk Reporting Department
- Reports to: Global Chief Risk & Compliance Officer
- Direct reports: 2 team members based in Philippines & Mauritius
- Location: Limassol, Cyprus
About the company:
- Our client is a global advisory services group which combines unparalleled expertise and an unwavering focus on delivering for its clients. We support fund managers, global investment firms, crypto asset providers, family offices, and PSPs or Electronic Money Institutions (EMI) operating worldwide.
- We offer the environment to support your career aspirations, with a strong emphasis on continuous learning, your well-being, and a genuine interest in your professional and personal growth
Purpose of the Role:
- The Senior Finance & Risk Reporting Associate, Team Lead will lead the Finance & Risk Reporting function across the Groups client portfolio. The role carries dual responsibility: maintaining the financial and accounting integrity of all Group entities and directing the delivery of prudential and risk reporting obligations for our regulated clients, principally but not limited to, Cyprus Regulated Entities supervised by the Cyprus Securities and Exchange Commission (CySEC).
- The postholder shall proactively identify and eliminate operational crises and retention risks to protect top talent, while balancing shifting workloads effectively and actively maintaining a high-morale, high-performance environment free from counterproductive workplace politics.
Key Responsibilities:
- This job description sets out the principal duties of the role. It is not exhaustive, and the postholder may be required to undertake other duties commensurate with the seniority and nature of the position.
- The role and this description will be reviewed periodically and may be amended in consultation with the postholder to reflect the needs of the business.
- Team Leadership and Quality Control
- Lead, supervise and develop the Finance & Risk Reporting team, allocating work across jurisdictions and managing departmental capacity against client and the Group deadlines.
- Operate a documented four-eyes review process over all outgoing deliverables and take ownership of their accuracy and completeness before submission to clients, auditors or regulators.
- Maintain and improve departmental procedures, templates and checklists, ensuring version control and consistency of application across the team.
- Conduct onboarding, technical training, regular one-to-one meetings and formal performance reviews for direct reports; identify skills gaps and arrange training.
- Act as the escalation point for technical queries from the team and from other departments and escalate matters of material risk to senior management on a timely basis.
- Monitor departmental workload, resourcing needs and recoverability, and proactively contribute to recruitment for the function.
- Group Finance and Bookkeeping
- Prepare and review accounting entries, invoicing and bookkeeping records for all entities of the Group.
- Oversee Group reconciliations of accounts.
- Prepare management accounts, budgets, forecasts and cash flow reporting for the Group, and present variances to senior management.
- Oversee accounts receivable, client billing and collections.
- Coordinate payroll processing across the jurisdictions in which the Group operates.
- Maintain accounting records in accordance with applicable financial reporting standards and internal policy.
- Tax, Statutory and Audit
- Lead the preparation and submission of VAT, GST and VIES returns for the entities of the Group, in accordance with applicable requirements in each jurisdiction.
- Liaise with external auditors on the preparation and review of the statutory financial statements of all Group entities, managing the audit timetable and resolving audit queries.
- Coordinate corporate tax computations, filings and transfer pricing documentation with external advisers. Quarterly Statistics Returns;
- Prudential supervision reporting (Form 165 series) in accordance with Regulation (EU) 2019/2033 (IFR) and Directive (EU) 2019/2034 (IFD), as transposed by Law 165(I)/2021;
- Annual Risk Management Reports;
- Annual Disclosure and Market Discipline (Pillar III) Reports;
- Internal Capital Adequacy and Risk Assessment (ICARA) documents, including the design, execution and review of stress tests using tailored methodologies and models aligned to each client’s risk profile;
- Remuneration Reporting Forms;
- Recovery and Resolution Plans and related forms;
- Register of Information (RoI) under Article 28(3) of Regulation (EU) 2022/2554 (DORA);
- CIR Package for submission at CBC;
- Ad hoc regulatory returns and supervisory information requests, as required.
- Client Regulatory and Prudential Reporting
- Lead the preparation, review and submission of clients’ CySEC risk and prudential reporting obligations, including:
- Monitor changes to the applicable prudential and reporting framework, assess their impact on clients and on internal methodology, and communicate required changes to the team and to clients.
- Client Advisory, Licensing and Corporate Support
- Lead the preparation of financial forecasts supporting client licensing applications and support the Licensing team on financial and prudential aspects of applications.
- Lead the team on client bank and payment account openings, including preparation of supporting documentation and liaison with institutions.
- Lead the incorporation of entities for clients, including but not limited to Saint Lucia and Canada, and the UAE.
- Support client onboarding and facilitate client agreements and KYC requirements in coordination with the Compliance & Legal team, including the timely scheduling and issuing of recurring, ad hoc and conditional invoices.
- Review and provide input on ad hoc financial analysis, reporting and regulatory requirements, as required.
- Contribute to the development of FINVUS and relevant internal tools by defining finance and risk reporting requirements.
Essential Criteria:
- Candidates must be able to demonstrate all of the following:
- Bachelor’s degree in Accounting, Finance, Economics, Mathematics or a related field.
- A minimum of five years’ professional experience in a finance or accounting function, of which at least two years in a review, supervisory or team leadership capacity.
- Demonstrable experience of reviewing the accounting or financial work of others and taking responsibility for its accuracy.
- Strong working knowledge of accounting principles, VAT and VIES obligations, and financial reporting requirements.
- Proven ability to build and interrogate financial models and forecasts in Microsoft Excel to an advanced standard.
- Excellent written and spoken English, with the ability to produce client-facing and regulator-facing documents to a publishable standard.
- Strong analytical and problem-solving skills, with sound judgement on when to escalate.
- Ability to manage competing deadlines across multiple clients and entities without compromising quality.
- Ability to work independently, take ownership of outcomes, and hold others to account for theirs.
Desirable Criteria:
- ACA or ACCA qualification, or demonstrable progress towards qualification.
- Direct experience of CySEC regulatory reporting and the IFR/IFD prudential framework.
- Experience within professional services, financial services, or another regulated environment.
- Familiarity with DORA, EMIR, MiFID II/MiFIR or AML reporting obligations.
- Experience with Zoho Books and with workflow tools such as Smartsheet.
- Experience managing a distributed or multi-jurisdictional team.
Measures of Success in the First 12 Months:
- Clear and courteous communicator with clients, colleagues, auditors and regulators.
- Sets a professional standard for the team through their own conduct and output.
- Comfortable giving and receiving constructive feedback.
- Discreet, with a sound understanding of confidentiality in a professional services setting.
- All Group statutory, tax and VAT/VIES obligations filed accurately and within statutory deadlines.
- All client regulatory submissions filed within regulatory deadlines, with no material errors requiring resubmission.
- Departmental procedures, templates and review checklists documented, current and consistently applied.
- Each direct report has an agreed development plan and has completed at least [two] formal reviews.
- Proactively identify and eliminate operational crises and retention risks to protect top talent.
- Balance shifting workloads effectively while actively maintaining a high-morale, high-performance environment free from counterproductive workplace politics.
- A reduction in the volume of departmental work requiring escalation to, or rework by, the founders.
Professional Obligations:
- The postholder must maintain the confidentiality of all Group and client information at all times, both during and after employment.
- The postholder must declare any actual or potential conflict of interest without delay.
- The postholder is expected to maintain continuing professional development sufficient to remain technically current in the areas covered by this role.
- The appointment is subject to satisfactory references, verification of qualifications and a clean criminal record certificate.
Salary & Benefits:
- Salary package will be determined based on each candidate’s qualifications and relevant professional experience.
Benefits:
- Open tabs for coffee and lunch ensure you are well taken care of during the workday.
- End-of-year bonus is based on individual performance, reflecting your contribution to the company.
- Post probation, one WFH day per week, supporting better work-life balance.
- Provident fund eligibility from the completion of your 2nd year, supporting long-term financial security.
- Full support for CySEC Advanced and AML Certifications, including annual renewals and CPD requirements.
- Career-related training from your 2nd year onward and annually thereafter, keeping you at the forefront of industry knowledge.
- A platform for life-enriching experiences, including global expos (e.g. Dubai) and business trips, as you progress into managerial roles.
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Senior Finance & Risk Reporting Associate, Team Lead with reference number 4552.
Or you can apply directly through your candidate login by hitting the APPLY button.
