Head of AML / Compliance (VAC-D2562)

Full Time @StaffMatters Recruitment Specialists in Forex
  • Post Date : June 10, 2024
  • Apply Before : June 25, 2024
  • Salary: Negotiable
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  • View(s) 53
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Job Detail

  • Job ID 26625

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.

Responsibilities:

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.

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-D2562. We look forward to hearing from you!

 

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