Compliance and Money Laundering Reporting Officer

13 December 2017, Comments: 0

Reference: VAC-15668T
Company: International Law Firm/Corporate Service Provider
Location: Limassol
Salary: Competitive salary based on qualifications, skills and experience plus company benefits.

Job Detail
Our client is one of the most prestigious and fastest growing offshore law firms with offices around the world. Due to their continuous expansion they are looking to hire a person to fill the role of Compliance and Money Laundering Reporting Officer to be based at their offices here in Limassol reporting to the Global Head of Compliance of the firm.

The individual will act as the Money Laundering Reporting Officer and Compliance Officer (CO/MLRO) in respect of compliance, AML/CFT and business related risks. The CO/MLRO will be responsible for a wide range of fiduciary and legal compliance and will provide advisory support to the business and its clients.

Key Accountabilities – Compliance Officer/MLRO
Act as the CO/MLRO and principal liaison between the Company and the Cyprus regulatory and reporting agencies.
Identify; measure and assess AML/CFT compliance risks and ensure compliance with policies, procedures and regulatory objectives.
Deliver and manage a global compliance process which will include client risk assessment and liaison in respect of CDD/KYC requirements.
Maintain a risk monitoring programme and conduct regular business risk assessments.
Monitor compliance performance and provide training and coaching to the business where necessary.
Deliver AML/CFT training and maintain a training register.
Receive, investigate and determine the need for internal and external disclosure of suspicious transactions, record decisions and maintain a SAR register.
Evaluate and monitor adequacy of AML/CFT policies and procedures and internal controls to ensure full compliance with all AML/CFT.
Manage upgrades to compliance systems and maintain functional responsibility for Cyprus compliance systems and controls.
Implement and maintain financial crime, sanctions and terrorist financing policies and procedures, monitor their adequacy and deliver training to all Company employees.
Maintain PEP, Sanctions, Complaints and Production Order Registers.
Manage relationships with legal and services fee earners and provide advice and technical support as required.
Support the Global Head of Compliance in respect of Executive Board / Global Partners reporting and Compliance related management information.
Promote common compliance standards across all Company jurisdictions and service lines.
Contribute to the annual business planning process and assist the Global Head of Compliance to develop and agree a compliance monitoring program.
Deliver departmental projects to quality standards, deadlines and costs.

Self-motivated and able to work without close supervision.
Effective communicator, excellent interpersonal and people management skills.
Excellent time management and ability to work under pressure.
Ability to formulate, consider and select the most appropriate compliance solutions.
Maintain effective relationships with team members, regulators and reporting agencies.

The ideal candidate will have the following Knowledge, Experience and Qualifications:
At least 8 years experience in a similar role with a regulatory, legal or financial services related background.
Ability to maintain effective relationships with global business units / team members.
Knowledge of domestic and international sanctions and AML/CFT laws.
Hold a relevant compliance related qualification.
Excellent client communication skills both written and verbal.
Excellent AML/CFT Training skills.

The company is offering a competitive salary based on qualifications, skills and experience plus company benefits.


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