Head of Compliance

17 October 2017, Comments: 0

Reference: VAC-15265C
Company: International Forex Trading Company
Location: Limassol
Salary: Salary based on skills and experience plus benefits including Medical Insurance.

Job Detail
Our client is an international forex trading company with offices in Cyprus and globally and they are looking to hire a Head of Compliance to join their established office in Limassol.

Job Details:
Ongoing monitoring and oversight of regulatory development relevant to the activities of the company in Cyprus
Informing relevant decision makers of the relevant legal/regulatory updates; quarterly reporting to the Board
Communication with / Reporting to CySec
Monitoring of the CySec reporting schedule for all activities of the Company (including Finance, Dealing and Customer facing (i.e. complaints))
Revising procedures, reports etc. periodically to identify hidden risks or non-conformity issues
Compliance monitoring (EU/UK): quarterly review of all company operations, in line with the regulatory guidelines AND audit findings
Supervision of Customer Facing Department for complaints handling and verification
Oversight and approval of any marketing materials
Oversight and approval of any verification-related training
Supervision of the AML Compliance Function, especially for client onboarding and verification
Ensuring the company has appropriate structure / governance, of which CySec is notified
Approval of Corporate accounts & PEPs
Cooperation with Legal Department on maintaining the company’s T&Cs up to date with the relevant legislation
Cooperation with the Product and Ops team to ensure the Compliance function has the necessary reports required for ongoing monitoring
Independent function, reporting directly to the Board
Assess the business’s future ventures to identify possible compliance risks

Job Prerequisites:
Academic Degree – Finance or Legal desired
Previous job experience in a related field – minimum 3 years
Extensive knowledge and experience with MIFID directives & CySec regulations
Open to creative solutions & business innovation; a team player
Strong communication and presentation skills; must be comfortable to communicate with the senior management, directors and the regulator
Strong verbal skills
English – At mother tongue level; Greek – an advantage

The company is offering a salary based on skills and experience plus benefits including Medical Insurance.


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