Role Overview: 

The role of the Senior Compliance Officer is a full time position designed to work cross-functionally to lead, develop, execute, monitor, and communicate the company’s compliance management system. The Senior Compliance Officer is also responsible for ensuring that all systems and operations are up-to-date and in line with compliance requirements, regulatory obligations and industry best practices. The purpose of role is to ensure that the company is meeting its regulatory requirements on an ongoing basis in relation to compliance assurance, by executing compliance monitoring reviews and annual risk assessments.

Key Duties/Responsibilities: 

• Execute the Compliance Management Plan.
• Undertake risk assessments on an annual basis for all business units.
• Report timely and create Management Information (MI) relevant to fulfil the Company’s risk assurance obligations.
• Act as a subject matter expert on risk mitigation and manage the management actions in a timely, sound, and pragmatic way.
• Assist the GM of Risk, Legal and Compliance with breach management including providing expertise in remedial activity if required.
• Participate in the maintenance of the Group’s Central Risk Register.
• Maintain oversight relevant Compliance registers.
• Proactively act to keep all Compliance assurance activities relevant and mindful of emerging risks and regulatory requirements.
• Promote a culture of compliance and to present Compliance as a function to the wider Group with clarity of purpose.
• Manage, create or update, the policies and procedures that are owned by the Compliance team and those relevant to the activities of the team.
• Aid in the function’s strategic planning and decision making.
• Liaise with auditors/examiners during compliance audits/examinations as assigned.
• Effectively communicate and report out on plans, status, issues, risks, and requirements to all levels of stakeholders.
• Perform impact analysis of new/changed applicable laws.
• Draft, modify and implement the company’s policies, procedures and handbooks, as needed to reflect industry best practices , the evolving regulatory environment and changes to the business.
• Evaluate compliance systems and ensure their adequacy thereof.
• Ensure compliance operations and processes are in line with regulatory and stakeholder requirements including but not limited to Data Protection.

Key Skills/Experience: 

• Law Degree (LLB or LLM) qualification preferred (alternatively a Degree in Business, Economics, Finance or Accounting).
• 5+ years experience in a legal and compliance related role including audit, operations, or compliance management.
• Prior experience in financial industry, payments, and /or banking compliance.
• Ability to use independent judgment and to manage and impart confidential information.
• Knowledge of current and emerging financial services legislation, issues, and trends.
• Demonstrated ability to develop institutional policies and procedures.
• Supervisory, employee development, and leadership skills.
• Strong analytical, evaluative, and objective critical thinking skills.
• Demonstrated understanding of compliance systems and controls.
• Detailed knowledge of laws and regulations affecting business operations.
• Ability to interpret and advice on the application of various laws and regulations.
• Advanced knowledge and understanding of investigation, negotiation, mediation and complaint resolution process of high level/sensitive claims on behalf of the Group.

To apply for this vacancy, please send your CV, along with any covering letter to [email protected] quoting the above job title. Please note that due to the high volumes of applications received only shortlisted applicants will be responded to. By sending us your CV you are giving CareerFinders your consent to be contacted for this and any other suitable vacancies that we believe match your skills and experience. To view our privacy policy, please click www.careerfinders.com.cy/privacy-policy.