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Compliance , Banking/Finance
Location: Cyprus,Nicosia
Reference: 2184
Date Posted: 14/02/2018
Compliance Risk Officer
CareerFinders, on behalf of one of the Islands' leading Banking Institutions, we are seeking to recruit a well-qualified and highly capable Compliance Risk Officer to join their expanding team of professionals based in Nicosia.
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Role Overview:
The successful candidate will be responsible for preparing high quality Management Information Systems (MIS) and Regulatory reports within set deadlines/timeframes as well as evaluating the acceptance of high-risk customers and transactions in addition to supporting and guiding the various International Banking (IB) and Wealth & Markets (WM) units on the implementation of regulatory compliance policies, procedures and regulations including AML.
Key Duties/Responsibilities:
  • Prepares various reports (predefined or ad hoc), relating to MIS and regulatory compliance so that they are accurately and timely submitted to the regulator and/or to management.
  • Evaluates requests of WM units and submits suggestions and recommendations relating to the acceptance of high risk clients of the WM division so that they are submitted to Group Compliance according to the policies and procedures of the Bank.
  • Provides advice and guidance to members of staff and managers of IB units on regulatory compliance issues and to WM units on issues of regulatory compliance and AML (relating to customer acceptance policies and procedures in order to effectively manage risks).
  • Contributes actively to the drafting of guidance notes to the IB and WM units relating to specialized subjects of regulatory compliance (e.g. FATCA, MIFID etc), so that the related risks are effectively managed.
  • Proposes solutions and suggestions that contribute to the continuous improvement/simplification of current policies, procedures, documents and systems of the Bank taking into consideration the provisions of the current laws and also the smooth functioning of the Division as regards as the practical application of procedures in order to improve efficiency, taking corrective actions where necessary.
  • Monitors the implementation of relevant procedures and performs field audits (where appropriate) in relation to regulatory compliance, taking   corrective action where necessary.  
  • Assists to record and improve compliance procedures in order to keep an up-to-date Internal Operation Manual, to comply with the MiFiD Directive and to ensure the proper functioning of staff of the division.        
  • Follows and gets updated on regulatory compliance issues in order to assist / inform accordingly the members of staff of the Division. 
  • Gives presentations on specialized topics relating to AML / regulatory compliance in order to train members of staff to carry out their work within the framework of relevant laws and regulations.
  • Carries out any other tasks assigned by management for the proper functioning of the Department.
Key Skills/Experience:
  • Bachelor’s degree and/or postgraduate degree in finance related subjects (Εconomics, Αccounting, Finance).
  • At least 3 years’ experience in banking/finance industry.   
  • Specialization and experience on compliance related topics (more specifically on AML and MIFID).
  • Very Good knowledge of English and Greek (Written & Spoken).
  • Good knowledge of financial markets.
  • Comprehensive knowledge of operations and developments in the banking sector.
  • Inclusion in the Public Register of Certified Persons of the Cyprus Securities and Exchange Commission will be considered as an advantage. 
  • Certification  MICA from the International Compliance Association (UK) and/or CAMs from  the Association of Certified Anti Money Laundering Specialists (ACAMS) will be considered an advantage.
To apply for this vacancy, please send your CV, along with any covering letter to quoting the above job title or alternatively call +357 22 002 285 for more information. Please note that due to the high volumes of applications received only shortlisted applicants will be responded to.
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