Head of Compliance & AMLCO

About The Group

A multinational financial services group operating across the Wealth Management, Asset Management and Fund Management sectors is seeking to appoint an experienced Head of Compliance and Anti-Money Laundering Compliance Officer (“AMLCO”) for its Cyprus-based Alternative Investment Fund Manager (“AIFM”).

The Group operates across multiple jurisdictions and maintains regulated entities supervised by:

• CySEC (Cyprus);
• FCA (United Kingdom);
• FSRA ADGM (United Arab Emirates);
• Swiss regulatory authorities.

The successful candidate will join an international and dynamic environment and will play a key role in strengthening and maintaining the compliance, AML/CFT and governance framework of the Cyprus AIFM, while also supporting selected Group-wide regulatory and compliance initiatives.

The role involves direct interaction with the Board of Directors, Chief Executive Officer and senior management of the Group.

Compliance Function Structure

The successful candidate will serve as Head of Compliance and AMLCO of the Cyprus AIFM and will work closely with:

• the Board of Directors;
• Group CEO;
• external legal and regulatory advisers;
• fund administrators;
• auditors;
• compliance service providers and software vendors;
• senior management of the Group’s regulated entities across various jurisdictions.

Key Responsibilities

Compliance, Regulatory Affairs & Governance

• Liaise with all business and support functions within the AIFM and wider Group on compliance matters;
• Assess and continuously monitor the AIFM’s compliance with applicable laws, regulations and regulatory requirements;
• Monitor the adequacy and effectiveness of policies, procedures and internal control systems;
• Ensure compliance with all applicable CySEC, AIFMD, AML/CFT and related regulatory obligations;
• Act as the primary point of contact with CySEC and other relevant regulatory authorities;
• Prepare and submit all required regulatory reports, filings and notifications within prescribed deadlines;
• Ensure ongoing compliance with AIFM licence conditions and support regulatory approvals, licence extensions and variations;
• Monitor regulatory developments and emerging compliance risks and implement required changes;
• Prepare and present periodic Compliance Reports to the Board of Directors;
• Participate in Board meetings, Risk Committees and Compliance Committees;
• Advise senior management and the Board on regulatory developments, compliance risks and governance matters;
• Review and approve marketing materials and external communications from a regulatory perspective;
• Monitor capital adequacy requirements and other regulatory obligations.

AMLCO Responsibilities

• Perform the duties of AMLCO in accordance with Cypriot legislation and CySEC requirements;
• Maintain and continuously enhance the AIFM’s AML/CFT framework;
• Oversee client, investor, counterparty and beneficial owner due diligence processes;
• Supervise KYC, CDD, EDD and ongoing monitoring procedures;
• Review suspicious activities and conduct internal AML investigations where necessary;
• Assess Internal Suspicion Reports and prepare Internal Evaluation Reports;
• Act as the primary liaison with MOKAS and other competent authorities regarding AML matters;
• Maintain and oversee the risk-based client classification framework;
• Monitor sanctions screening processes and restricted party screening controls;
• Organise and deliver AML/CFT training programmes for employees and management;
• Prepare and submit all required AML-related reports and notifications.

Compliance Monitoring Programme, Policies & Controls

• Develop, maintain and annually update the Compliance Monitoring Programme (“CMP”);
• Conduct compliance reviews and testing of internal control systems;
• Prepare reports on monitoring activities and identified findings;
• Ensure timely implementation of corrective and remediation actions;
• Draft, maintain and update the Internal Operations Manual (“IOM”), AML Manual and other internal regulatory documentation;
• Develop and update policies relating to:
• Conflicts of Interest;
• Personal Account Dealing;
• AML/CFT;
• Outsourcing;
• Complaints Handling;
• Market Abuse;
• Data Protection;
• and other regulatory matters;
• Assess the effectiveness of outsourced providers and delegated functions.

Group Compliance Support

• Support the Group’s regulated entities in the United Kingdom, United Arab Emirates, Switzerland and other jurisdictions on selected compliance and AML/CFT matters;
• Coordinate cross-border regulatory and compliance projects;
• Assist with the establishment of new regulated entities, investment funds and licensed structures;
• Support the harmonisation of compliance policies, governance frameworks and internal procedures across the Group;
• Assist with regulatory inspections, internal audits and remediation projects;
• Provide regulatory guidance and recommendations to Group management on evolving compliance risks and obligations.

Required Qualifications & Experience

• University degree in Law, Finance, Economics, Business Administration or a related discipline;
• Holder of the CySEC Advanced Certificate (mandatory);
• Holder of the CySEC AML Certificate (mandatory);
• Minimum of 5 years of relevant experience in Compliance and/or AML functions;
• Experience within an AIFM, UCITS Management Company, Investment Firm, Asset Manager or other regulated financial institution;
• Strong knowledge of CySEC regulations, AIFMD requirements, AML legislation and regulatory reporting obligations;
• Experience dealing directly with regulators and regulatory inspections;
• Excellent analytical, organisational and communication skills;
• Ability to work independently within a dynamic and international environment;
• Fluent written and spoken English is required;
• Greek and/or Russian language skills will be considered an advantage.

Key Performance Indicators (KPIs)

The annual discretionary bonus shall be linked to the achievement of agreed KPIs, including but not limited to:

Regulatory Compliance

• 100% of regulatory reports, filings and notifications submitted within applicable deadlines;
• 100% of Compliance Reports delivered to the Board in accordance with the approved schedule;
• No material regulatory breaches, enforcement actions or sanctions.

AML/CFT

• 100% completion of mandatory AML reviews and periodic assessments within required timeframes;
• No material AML/CFT findings from regulatory inspections;
• Timely assessment, escalation and handling of all internal suspicious activity reports.

Compliance Monitoring

• Completion of at least 95% of the annual Compliance Monitoring Programme;
• 100% implementation of agreed remediation and corrective action plans within established deadlines.

Governance & Training

• 100% completion of mandatory compliance and AML training programmes;
• Timely updates of policies and procedures following regulatory or legislative changes.

Strategic & Group Projects

• Successful participation in licensing, regulatory approval and strategic Group initiatives;
• Effective support of cross-border regulatory projects, inspections and governance programmes.