The ideal candidate will oversee all safekeeping deposits and will have experience in doing so. Please read below for detailed job responsibilities and candidate requirements.
Job Responsibilities
- The Head of Safekeeping shall have the following duties:
- responsible for the Company’s compliance with its legal and regulatory obligations regarding the safekeeping of client financial instruments and funds;
- undertaking the necessary actions to monitor deposits and credit clients’ accounts with their respective deposits;
- accepting, reviewing and verifying the details (withdrawal amount, KYC documents, etc) of deposits of funds received electronically through the Company’s platform;
- undertaking the necessary actions in relation to Client funds’ withdrawal requests, as applicable;
- accepting, reviewing and verifying the details (withdrawal amount, KYC documents, etc) of withdrawal of funds requests received electronically through the Company’s platforms;
- for bank transfers: upon acceptance of the withdrawal request, relevant bank transfers are effected by the back office department;
- for credit card payments: upon acceptance of the withdrawal request, executing the transaction from the clearing/payment systems;
- completion of all clients’ payments in due time;
- provision of adequate funds to meet withdrawals;
- assisting in the daily, monthly and quarterly reconciliation procedures;
- verification of the accuracy and completeness of the information provided to CySEC in relation to Clients’ money reconciliation; and
- Periodic reconciliations.
Candidate Requirements
- Educated to degree level or the equivalent in Law, Economics, Finance, or Banking.
- Extensive experience within an EA/EEA regulated institution in safekeeping and custody
- Understanding of industry standards and best practices in the fintech domain, as well as global financial regulations, including those of the European Securities and Markets Authority (ESMA).
- Complete awareness and understanding of the relevant regulatory framework.
- Understanding of the nature of evolving online business activities.
- Hands-on experience with systems, databases, and technological solutions related to banking and other payment processes.
- Ability to represent the CIF in front of regulators
- Ability to work independently and as part of a team.
- Excellent knowledge of the English language, both verbal and written.
- Willingness to work on-site in Nicosia.
