Head of AML / Compliance (VAC-A2562)

Job description

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.

Job Duties

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.

Job Requirements

• Minimum of 3-5 years of experience in financial firms, with a focus on anti-money laundering and compliance functions.
  
• 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 for this job opportunity, send your CV (in English please) to [email protected] and include the reference: Head of AML / Compliance - VAC-A2562. We look forward to hearing from you!