Head of Compliance

icon Limassol
icon Forex/Fintech


On behalf of our client, an innovating Investment firm regulated by CySEC, GRS are seeking to recruit an experienced Head of Compliance to join their offices based in Limassol. The successful candidate will have at least 3 years of proven experience in a Compliance role and at least 1 year of managerial experience. The successful candidate must hold the Advanced CySEC Advanced Certificate. This is great opportunity for someone who is looking to grow and develop within a company who believes in long lasting relationships.

  • Developing, implementing and administering all aspects of the Company’s Compliance Management Program
  • Ensuring compliance with laws, regulations and directives issued by CySEC
  • Ensuring implementation of the procedures described in the Company’s Procedures Manual
  • Ensuring the Company complies with its continuous obligations to CySEC (e.g. submission of Capital Adequacy Return, notifications to CySEC regarding any changes in the Company’s structure, services, personnel, procedures, etc.)
  • Develop and maintain internal AML/CFT (Anti-Money Laundering and Combating the Financing of Terrorism) compliance manuals, policies, procedures and systems
  • Provide advice and guidance to Company’s employees, training the Company staff with the applicable laws, rules and regulations including AML/CFT
  • Implementing of the “KYC” procedures of the Company and ensures the relevant departments follow them strictly
  • Dealing with client complaints and legal matters related to compliance
  • Reviewing Company’s Marketing materials and checking if has been prepared in accordance with the legal requirements
  • Liaise with external lawyers as needed
  • Communication with regulatory bodies
  • Work closely with the Risk Management and report to the Senior Management
  • Provide an Annual Report to Senior Management and the Board of Directors on the matters of his responsibility indicating in particular whether the appropriate remedial measure have been taken in the event of any deficiencies
  • In addition, ensure that Conflict of Interest Policy has been disclosed to clients before opening account with the Company
  • Ensure that there is a clear distinction between the different departments’ operations so as to secure no conflict information gathering, counterfeiting or hiding of information is minimized
  • Design the internal practices, measures, procedures and controls relevant to the prevention of money laundering and terrorist financing; describes and explicitly allocates the appropriateness and limits of responsibility of each department that is involved in the abovementioned
  • Ensure that all employees are aware of the forbidden business practices
  • Responsibility to review and update (if needed) all Policies and Procedures of the Company on an Annual basis
  • Degree in Law or a degree in business or finance
  • At least 3 years of experience in a FX Compliance role and 1 year of experience in a Head of Compliance role
  • Familiarity with financial regulatory bodies and audits, including CySEC (Cyprus Securities and Exchange Commission)
  • Good communication, presentation and negotiating skills
  • Ability to prioritise, work under pressure and within tight deadlines
  • Ability to work to a high degree of accuracy
  • Ability to evaluate issues from a regulatory perspective with a practical, business-orientated, common sense approach to complex problem solving
  • Knowledge of the global regulatory environment and research oriented
  • Proficient in English Language
  • Excellent knowledge of Microsoft Office
  • Organized, with attention to detail
  • Proactive and result oriented work culture
  • Ability to multitask and problem solve
  • Team player and ability to lead a team
  • Advanced CySEC certification required for the position as per CySEC’s rules
  • Knowledge of Cyprus AML law relating to key areas of responsibility
  • Full understanding of the Forex industry
  • Medical insurance
  • 21 days annual leave
  • Performance related bonuses
Job Summary
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    22 December 2020
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    Full Time
  • ET11897
  • elena@grsrecruitment.com
  • +357 25 342 720
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.

To apply for this position, please email your CV to Elena Tambouri, at the following email address elena@grsrecruitment.com quoting the above job reference or call +357 25 342 720 for further information.

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