Senior Consultant – Financial Services Advisory Internal Audit

Senior Consultant – Financial Services Advisory Internal Audit

Reference: 1875
  • Company:
  • Location: Cyprus, Limassol
  • Salary: Up to 40,000 Euros Annual Gross
  • Job Type: Permanent
  • Job Sector: Finance
  • Added on: Thu, 19 Oct 2023 06:26:16 GMT

Our client, the leading financial services consultancy Group in the region, we are seeking to recruit a Senior Consultant for its Internal Audit team focused on Regulatory Compliance audits of CIFs and other regulated entities.

This Role in a Nutshell:

  • The successful candidate will assess the existence of policies and procedures of the regulated entities, analyse the client’s data/information and review plans for Internal Audit Inspections and produce assessments and IA reports.

What Does Your Role Specifically Involve?

  • Assess the existence of policies and operational procedures of the CIFs as required by the relevant legislation on compliance-related topics and regulatory frameworks relevant to AML/Know Your Client (KYC), MiFiD2, Safekeeping/ Safeguarding Clients funds/assets, Capital Adequacy, Own Funds, EMIR, Funds, Fund managers, Payment Service Providers, ASPs, etc.
  • Analyse Client’s data/information and review/finalise plans for the undertaking of Internal Audit (IA) Inspections relevant to the above subject matters amongst others. Act as part of their lead an IA team during annual and/or extraordinary IA Investigations. Inspect the systems and premises of CIFs, interview key personnel, collect and analyse evidence.
  • Undertake qualitative and quantitative assessments of findings and produce IA Reports with major findings/weaknesses along with recommendations on areas that need improvement to the Senior Management and the Board of Directors of CIFs; whilst indicating the level of risk associated with each finding relating to the probability of occurrence and potential impact.
  • Undertake sample checks on the application of accounting principles by the CIFs whilst assessing the implementation of provisions of Laws and regulations pertaining to the Safeguarding of Clients’ assets/funds. Perform sample checks of Client funds reconciliation procedures of CIFs.
  • Assess and analyse the impact of new/upcoming legislation on the CIFs and perform relevant changes to IA plans
  • Communicate effectively with IA personnel and with personnel and management of CIFs

Here Are The Basic Requirements:

  • Bachelor’s and/or Master’s degree in Economics, Finance, Accounting, Mathematics, Risk Management, or any other related discipline from a reputable University.
  • At least 5 years of experience in the financial services sector (e.g. Compliance Officer in CIFs, other consultancy firm, or relevant) and specifically on relevant regulatory frameworks (e.g. AML, MiFiD2, etc).
  • Excellent command of the English and Greek languages, both verbal and written
  • Team spirit, excellent problem-solving abilities and willingness to study and develop
  • Dynamism and ability to deliver results in a timely manner. Time and effort management skills whilst retaining diligence and attention to detail.
  • Excellent relationship building and interpersonal skills
  • Ability to communicate with impact
  • Computer literate, including Microsoft Office applications (Word, Excel)

We’d Also Love to See:

  • CySEC Advanced Certificate for the provision of investment services.
  • Any relevant work experience within an Accounting and Finance department of a CIF (and thus familiarity with safeguarding, capital adequacy matters, etc.)


  • Up to 40,000 Euros Annual Gross

To apply:

Please send your CV to StaffMatters at and mention that you are applying for the vacancy of Senior Consultant – Financial Services Advisory Internal Audit with reference number 1875.
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