Our client, a CySEC-regulated wealth management firm based in Limassol, is currently seeking to recruit a Head of Compliance and AML. The ideal candidate will possess a strong background in compliance leadership within the financial industry, with the ability to provide strategic oversight and ensure the company's continued adherence to all relevant regulatory standards.
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Stay up to date with CySEC regulations, European Union regulations (e.g., MiFID II, GDPR, AMLD), and international regulatory standards, ensuring the business complies.
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Prepare and submit regular reports to CySEC, such as Quarterly Statistics, Capital Adequacy reports and Audited Financial Statements, Annual Compliance reports and any other required documentation.
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Collaborate with legal teams to interpret and apply legal requirements to company practices.
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Conduct regular assessments to identify compliance risks (e.g., money laundering, fraud, market abuse) and develop strategies to mitigate them.
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Develop, implement, and update internal compliance policies and procedures based on risk assessment and regulatory requirements.
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Provide updates on Compliance Risk assessments, compliance status, and issues to senior management.
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Ensure that the business follows all required AML/CTF guidelines, including customer due diligence (CDD), enhanced due diligence (EDD), and transaction monitoring.
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Report suspicious activity to the relevant authorities, including the Financial Intelligence Unit (FIU) and MOKAS, as well as monthly and annual AML reports to CySEC.
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Oversee daily business activities and operations to ensure compliance with internal controls and regulatory requirements.
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Monitor trading activity and transactions to identify any potentially illegal or irregular activities.
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Ensure that appropriate KYC (Know Your Customer) procedures are followed during the onboarding process.
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Continuously monitor clients’ activities to identify any changes in client risk categorisation and perform enhanced due diligence (EDD) where necessary.
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Develop and implement compliance training programs for all staff to ensure they are aware of their responsibilities and current regulations.
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Prepare internal and external compliance reports, ensuring they are accurate and in accordance with CySEC requirements.
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Ensure that all compliance-related documents (e.g., policies, procedures, audit reports) are maintained and updated regularly.
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Ensure timely submission of required documents, including annual reports and regulatory filings, to CySEC and other relevant authorities.
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Act as the point of contact between the company and CySEC, responding to queries and requests from regulators.
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Address and resolve any regulatory complaints or investigations, providing all necessary documentation and explanations.
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Ensure that the organization follows proper corporate governance standards, especially in relation to financial markets, board decisions, and shareholder reporting.
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Provide annual compliance (responsibility of the Risk Manager, outsourced) reports to the board of directors and senior management.
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External Audits and Reviews: Coordinate with external auditors during annual audits and assist in addressing any compliance findings.
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Ensure that all licensing and authorizations required by CySEC and other authorities are maintained.
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Ensure the business continues to meet the conditions of its licenses, including maintaining necessary capital requirements, systems, and reporting obligations.
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Develop and manage an incident response plan for compliance-related incidents, ensuring timely resolution of issues such as regulatory breaches.
Due to the high volume of applications, we receive at GRS Recruitment, only shortlisted candidates will be responded to.