Executive Director (Compliance Forex Background) – Limassol

  • Career Level Director
  • Experience 2 Years
  • Industry Forex
  • Qualification Bachelor Degree
Job Description

Advance Career, on behalf of our client, a Start-up Forex Broker based in Limassol, is seeking to recruit an Executive Director with a proven Compliance background; 

Responsibilities:
Have the overall responsibility for proper implementation of the relevant Laws/regulations
Assess and periodically review the effectiveness of the policies, arrangements and procedures put in place to comply with the obligations under the Law, and to take appropriate measures to address any deficiencies
Formulate the Company’s business strategy in terms of the development of existing and new services and the Company’s presence in the local and international financial markets
Govern the organization by broad policies and objectives, formulated and agreed in harmonisation with Board decisions
Ensure that sufficient resources are available to the Company to carry its operations
Define, record and approve the general policy principles of the Company in relation to the prevention of money laundering and terrorist financing
Approve the Company’s risk management and procedures manual for the prevention of money laundering and terrorist financing which is prepared by the MLCO
Assures that the MLCO and any other person who has been assigned with the duty of implementing the procedures for the prevention of money laundering and terrorist financing, have complete and timely access to all data and information concerning customers’ identity, transactions’ documents and other relevant files and information maintained by the Company so as to be fully facilitated in the effective execution of their duties
Ensure that all personnel have been informed of the appointment of the MLCO to whom they should report their suspicious for Money Laundering and Terrorist Financing
Establish a clear and quick reporting chain for transmission of information to the MLCO
Ensures that the MLCO has sufficient resources, including competent staff and technological equipment, for the effective discharge of his duties
Assessment of the Money Laundering function
Assessment and approval of the annual report of the MLCO and take any necessary action to remedy deficiencies identified in it, in a timely manner

Qualifications:
Compliance background and holder of advanced certificate is a must
University Degree in Law/Finance or any other relevant field
At least 2 years’ experience within a CIF entity
Experience in a Director’s role within a CIF entity (regulated by CySec)
Knowledge of preparing CySec reporting
Fluency in English

Benefits:
An attractive remuneration package will be offered to the successful candidate.