Employment Agencies

Cyprus

RED HR Solutions

Business Administration

Lawyers

Finance

The Client:Our client, OneVault, which has recently received its EMI licence from the Central Bank of Cyprus is looking to recruit a detail-oriented and experienced AMLCO &amp; Compliance Officer with strong risk monitoring capabilities to ensure adherence to regulatory requirements, mitigate financial crime risks, and enhance the&nbsp;compliance framework.OneVault is member of Finvasia Gorup which is a global enterprise with headquarters in Chandigarh, India, &nbsp;offering services in 4 sectors of expertise – financial services, healthcare, blockchain and real estate.&nbsp;The Position:The AMLCO &amp; Compliance Officer will report to the Board of Directors. This role will oversee anti-money laundering (AML) compliance, regulatory reporting, and risk assessment processes to safeguard the integrity of the organization.&nbsp;Responsibilities:1) Key Responsibilities:<ul><li>Act as the designated Anti-Money Laundering Compliance Officer (AMLCO), ensuring full compliance with AML/CFT regulations.</li><li>Develop, implement, and maintain AML policies and procedures in line with regulatory standards.</li><li>Oversee customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring of transactions.</li><li>Conduct and oversee suspicious activity investigations and file Suspicious Activity Reports (SARs) as required.</li><li>Manage and mitigate risk related to sanctions violations.</li><li>Liaise with regulatory authorities and internal stakeholders on AML compliance matters.</li><li>Serving as a liaison to the local authorities, managing filings to the local Financial Investigation Unit</li><li>Partnering with Product Owners to drive the appropriate execution of compliance requirements.</li><li>Assigning and delegating tasks to other officers and employees acting under his/her supervision</li></ul>2)&nbsp;Regulatory Compliance:<ul><li>Stay updated on applicable laws, regulations, and guidelines issued by regulatory bodies.</li><li>Ensure the organization’s policies align with industry’s best practices and regulatory expectations.</li><li>Provide training and awareness programs on AML/CFT compliance for employees.</li><li>Maintain documentation and reports related to AML compliance and regulatory examinations.</li><li>Perform regular compliance risk assessments to identify, assess, and mitigate risks.</li><li>Utilize data analytics and risk monitoring tools to detect suspicious activities and patterns.</li><li>Preparing annual regulatory reports or ad hoc when required by the regulator.</li></ul>3) Internal Controls &amp; Compliance Review:<ul><li>Conduct regular compliance reviews, audits, and stress tests on AML and compliance controls.</li><li>Identify gaps in controls and recommend corrective actions to strengthen compliance mechanisms.</li><li>Foster a culture of compliance and ethical conduct across the organization.</li></ul>&nbsp;Requirements:<ul><li>Bachelor’s degree in Finance, Law, Business, or a related field</li><li>AML certifications are highly desirable.</li><li>Minimum 5 years of experience in AML compliance, regulatory compliance, or risk monitoring within the financial services sector.</li><li>Strong knowledge of AML/CFT regulations, risk assessment methodologies, and regulatory frameworks.</li><li>Ability to practice critical thinking and risk based approach in evaluating customer business models.</li><li>Familiarity with compliance monitoring tools and technologies.</li><li>Able to work on own initiative, independently, prioritize workload and pay attention to details.</li><li>Strong communication and interpersonal skills.</li><li>Fluent in both English and Greek (written and verbal).</li><li>Computer literacy, knowledgeable in Excel.</li></ul>&nbsp;Location:Client’s Offices in Nicosia, Cyprus Benefits: An attractive remuneration package will be offered to the successful candidate according to qualifications and experience.&nbsp;TO APPLY CLICK <a target="_blank" rel="noopener noreferrer" href="https://app.ismartrecruit.com/jobDescription?x=E7pcmVkaHJzb2x1dGlvbnMubmV0Xzc1OV9QUk9NT1RFVVJMX2VuQ9e">HERE</a>Apply now in strict confidence.Only successful candidates will be contacted

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