On behalf of our client, a leading Electronic Money Institution (EMI) in Cyprus focusing on the acceptance and processing of online payments and card issuing for e-commerce merchants and SMEs, we are looking to hire a Head of Regulatory Compliance & Internal Controls, for Nicosia.
Role Overview:
You will play a critical role in ensuring our organization adheres to CBC and EU regulations. You will collaborate across departments, coordinate with auditors, and work closely with the AMLCO in designing and implementing robust compliance and anti-money laundering controls.
Key Responsibilities:
• Regulatory Compliance Management:
o Ensure ongoing adherence to CBC and EU regulations/circulars.
o Monitor regulatory changes and implement necessary compliance measures.
• Internal Audit Liaison:
o Coordinate with internal and external auditors.
o Address audit findings and oversee the remediation of compliance-related issues.
• Regulatory Reporting:
o Prepare and submit accurate regulatory reports in collaboration with relevant teams.
o Handle ad hoc reporting requests from regulatory bodies, including the CBC.
• Regulatory Engagement:
o Respond promptly to all questions and requests from regulatory authorities and provide comprehensive information and ensure full cooperation with the CBC.
• Policy & Procedure Maintenance:
o Review and update internal policies and procedures to align with evolving regulatory requirements.
o Support the AMLCO in the preparation, amendment, and updating of manuals, procedures, and policies related to ML/TF and sanctions.
o Draft and revise AML policies and procedures to ensure alignment with regulatory and legislative requirements.
• Compliance Monitoring:
o Assist the AMLCO in implementing and overseeing compliance monitoring programs in line with relevant regulatory requirements.
Qualifications and Requirements:
• Proven experience in a regulatory compliance role within a financial institution, preferably in the banking and/or EMI sector.
• Min. 3 – 5 years in a related role is a must.
• In-depth knowledge of CBC, EU regulations, AML, and related legislative frameworks.
• Experience coordinating with auditors and regulatory bodies.
• Strong analytical, problem-solving, and communication skills.
• Ability to manage multiple tasks and work collaboratively with cross-functional teams.
• Relevant professional certifications in compliance or AML.
Benefits:
• A very good remuneration package provided according to skills and experience (13th salary included according to request)
• Provident fund provided
• Opportunities for career growth and advancement within a dynamic and rapidly expanding company
• Collaborative and supportive work environment
• Exposure to cutting-edge technologies and industry trends in the fintech sector
• Flexible working hours
• On-site role
If you are interested in the specific role, send your CV to stavriana@lavoro.com.cy for your applications.
Ready to take on this exciting new opportunity? Apply now and let's get in touch!
D.E. Lavoro Agency Ltd is a leading Business Consultancy founded in 1999 in Limassol, Cyprus. We offer a comprehensive range of professional administration services in the immigration, migration, legal, labor, and recruitment fields.
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Kindly note that due to the high volume of applications, only shortlisted applicants will be contacted.
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