Independent Non-Executive Director
Location: Cyprus
Company: Noemon Money Limited
Noemon Money Limited is a Cyprus-based Electronic Money Institution (EMI) currently undergoing approval with the Central Bank of Cyprus. The company is dedicated to providing reliable and efficient digital payment solutions, leveraging Cyprus’s position as a key link between Europe and global markets. Noemon Money prioritizes compliance with regulatory standards and aims to support businesses and individuals with secure and efficient payment services tailored to their needs.
Board Of Directors
The Board of Directors (BoD) of the company shall consist of at least:
- Two executive directors
- Two independent non-executive directors
The initial board member(s) is appointed by the Shareholder(s) in accordance with the Company’s constitutional documents following approval of the Central Bank of Cyprus.
Role Overview
Main Responsibilities of the Board are:
- Setting and monitoring of Noemon Money Limited (hereon Noemon Money) strategy and business plan,
- Approving Noemon Money policies and procedures,
- Monitoring the progress against strategy and KPIs,
- Taking and approving all decisions relating to the management of the business within the approved scope of authority,
- Acting as a forum for discussion of key issues,
- Raising and taking key business decisions,
- Appointing any Noemon Money committees and set appropriate terms of reference,
- Setting and monitoring central budgets,
- Approving financial accounts,
- Monitoring regulatory capital requirements,
- Keeping the Noemon Money group informed of developments in the business,
- Reviewing financial and business performance and reports,
- Reviewing the reports of effectiveness of internal controls, governance and other risk and compliance matters,
- Approving Compliance, AML and Fraud policies and procedures and their updates,
- Setting the AML/CTF tone in Noemon Money from the top,
- Monitoring the progress of specific projects,
- Taking key decisions on human resources regarding hiring, workplace policies, compensation, evaluation, grievances/whistleblowing, and layoffs.
Standard Agenda Items for Board Meetings
1. Approval of the previous Meeting Minutes,
2. Management reports on current performance (KPIs) against the approved strategy,
3. Report on risks facing the business,
4. Discussion of key challenges and opportunities facing the business,
5. Compliance report,
6. Reports from Sales and Marketing, Operations, Finance and Technology,
7. Any other issues.
Furthermore, the BoD:
- Is ultimately responsible for the Company’s compliance with the applicable laws and regulations.
- Ensures that the company operates according to all applicable laws and regulations, its memorandum and articles of association, and as per the requirements of the local regulatory authorities in jurisdictions in which it provides services.
- Monitors the Company’s operations to ensure that the strategic objectives of the company are met.
- Is responsible for establishing and amending where necessary the internal procedures.
- It ensures that the Company has sufficient human and technical resources required for the performance of its duties.
- Is responsible for reviewing all the reports from the Internal Auditor, the Chief Compliance Officer and the Anti Money Laundering Reporting Officer and takes necessary actions and corrective measures where appropriate.
- Reviews and approves new products and services that the company might offer based on the changing environment of the market.
- Appoints senior management.
- Delegates functions to third parties under outsourcing arrangements as allowed by the Law and Directives or as otherwise approved by the regulatory authority.
- Meets as frequently as is required by this Guidelines and in cases where an extraordinary meeting might be required.
- Develops recruitment and remuneration procedures and evaluates senior management performance.
- Receives and approves reports, at least annually, on the risk management, compliance and internal audit mechanisms of the company.
- Reviews regularly the company’s risk management policies and procedures.
- Carries and fulfils any such other responsibilities and obligations as may be required by applicable laws and regulations.
Application Process:
This is a full-time, on-location position based in Cyprus. Interested candidates are encouraged to apply via LinkedIn and submit their CV to admin@noemon.money.