Deputy Head of Operations Department

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On behalf of our client, a well-established and well-known CySEC regulated company, GRS are recruiting for a dynamic, Russian speaking Deputy Head of Operations/Alternate Custody Officer/ Alternate Reporting Officer to join their team in Limassol. This is an excellent opportunity to work in a fast and challenging environment. If you feel you have the necessary skills and experience, then we look forward to receiving your CV.
  • Act as a Deputy Head of Department and be responsible for the subordinate’s professional development
  • Manage and analyse requirements of various regulations MiFID II, EMIR
  • Commodities Position Reporting, Best Execution, REFIT, SFTR etc.
  • Implement and maintain policies, procedures regarding regulatory reporting
  • Be responsible for the oversight and timely regulatory reporting: MiFID II, EMIR
  • Transaction reporting, CySEC regulatory reporting, SFTR etc., support and develop control
  • For all new regulatory reporting requirements in the future, work with the business lines to make them fully understand the new requirements with the aim of  writing accurate and thorough procedures, updating systems
  • Act as a Stockholding Manager across Front Office, Operations, Compliance, Change
  • Management and Information Technology system development
  • Be an active member of the New Product Committee, investigate the potential impact of new business lines and new products on the Company operations
  • Manage and control operations/back-office function daily
  • Manage and control accuracy of static data maintenance and orderly record keeping within statutory retention periods
  • Control orderly processing and settlement of trades, including confirmation, allocations and administration in back-office systems
  • Exercise control over corporate actions processing
  • Manage and control transfer of cash and/or securities to market intermediaries  
  • Banking institutions and other financial service providers, exchanges, clearing and
  • Settlement agencies, including procuring timely payment of business expenses related to the regulated activities
  • To act as Custody Officer of the Operations department (when required)
  • Oversee and control reconciliation of cash/securities balances and open positions between internal accounts and between internal accounts and external sources and reports of external financial service providers
  • Oversee and control over the process of daily trading activity reports and statements to be generated in due course and submitted to clients in a timely manner; procure control of monthly fee / invoice calculation and reporting
  • Oversee and control over trade and transaction reporting obligations
  • Communicate with main brokers, custodians, counterparties, banks, etc. during business relationship set-up, account opening, etc.
  • Be responsible for compliance with the Company’s obligations regarding safeguarding of client financial instruments and funds
  • Submit statistical reports as required by the CySEC and the Central Bank of Cyprus
  • Cooperate with and provide information upon request to the Company’s internal and external auditors, the BCS Group internal and external auditors and the Compliance Department
  • Develop and implement internal procedures in relation to back office operations
  • Ad hoc projects as and when required
  • Languages: Russian – native, English – full proficiency
  • Professional experience in regulated investment companies or custodians, min. 3 years’ experience in relevant positions/departments (operations, back-office, capital markets / financial instruments)
  • Sound practical understanding of financial and custodial (securities) settlements, strong knowledge of CIF regulatory requirements in the part related to the main duties
    Residing in Cyprus
  • CySEC certificate or readiness to pass the CySEC advanced exam within half a year.
    University degree in economics or technical sciences or other form of education providing essential understanding in functioning of financial institutes, financial/investment products and services, securities, capital markets, etc.
  • Skills required: strategic thinking, problem analysis and problem solving, decision-making, influential, leadership skills, strong communication skills, ability to work in a fast-paced environment, negotiation skills, organizing and time management skills
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to Annita Paliou, quoting the above job reference or call +357 25 342720 for further information.
Job Summary
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    5 May 2021
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  • 1160