Compliance & AML Risk Officer

  • FXCM
  • Nicosia, Cyprus
  • 31/07/2020
Full time Finance Accounting Forex Legal

Job Description

Requisition Number:
1749

Location:
Nicosia

Requirements:

Critical & Essential Knowledge, Skills & Experience candidates should have:

Essential
  • Eligibility to work in Cyprus (no visa sponsorship);
  • Bachelor's Degree (Preferably in Law, Finance, Business Administration, Accounting or any AML and Compliance related career). Masters and/or Juries Doctor preferred;
  • Sound previous experience in the Compliance and AML function;
  • Good knowledge of Cyprus AML law regulations is a must including, THE PREVENTION AND SUPPRESSION OF MONEY LAUNDERING AND TERRORIST FINANCING LAWS OF 2007-2019 and the Consolidated Directive of 2020 of CySEC for the Prevention and Suppression of Money Laundering and Terrorist Financing.Good working knowledge of the Market Abuse Regulation;
  • Strong interpersonal, organisation, researching and communication skills;
  • Sound proven compliance experience or relevant department experience at a CySEC regulated firm or auditing firm;
  • Sound knowledge of European regulations
  • Ability to work with the business and build smooth working relationships;
  • Team player and able to prioritise in a fast moving, constantly changing environment;
  • Analytical and problem solving skills with excellent attention to detail;
  • An ability to establish credibility at the most senior levels within the firm;
  • Excellent organisational skills and ability to manage multiple tasks and meet strict deadlines;
  • Knowledge of Operational Risk frameworks, Key Risk Indicators and Risk Register maintenance preferred; and,
  • Strong computer skills and proficiency in Microsoft Word, Excel and PowerPoint.
Desirable
  • Fundamental understanding of Cypriot and European regulatory issues that could affect an online brokerage;
  • Experience of communicating directly with European regulators; and,
  • Knowledge and experience of OTC products and in particular CFD's and Forex
Professional Qualifications
  • Qualified lawyer preferred
  • Basic or Advanced CySec Certification and AML Certification
  • Preferably ACAMS Certified Anti-Money Laundering Specialist (CAMS) or ICA Certified Compliance Specialist or equivalent.
Interfacing with:
  • Company Directors and Senior Management;
  • Compliance Management;
  • Sales;
  • Risk Management;
  • Internal/External Audit; and,
  • Regulatory Bodies
All employees working for FXCM must be eligible to work in Cyprus

Prior to submitting your resume, the firm requests that you do the following:
  • Review the firm's website thoroughly: http://www.fxcm.com/
Company Description

FXCM is a leading provider of online foreign exchange (forex) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.

Equal Opportunity Employer


Job Description:

Purpose of Role

The FXCM Europe Compliance and AML Risk Officer will report directly to the Compliance Officer and will assist in developing a robust Compliance and AML function and that it complies with its regulatory obligations and appropriately manages and mitigates AML and Operational risk.

Principal Duties & Responsibilities including but not limited to:
  • Serve as primary contact person for the prosecution authorities, Cyprus Securities and Exchange Commission (CySEC), MOKAS Financial Intelligence Unit, and other competent authorities;
  • Develop, initiate, maintain and revise policies and procedures;
  • Understand, maintain awareness of and ensure compliance with both AML and compliance regulatory requirements including local and EU laws, international and industry standards and best practices;
  • Assist in the coordinate, monitor and advise on both Global AML and compliance policy, business AML and compliance programs, local AML and compliance procedures, Market Abuse compliance programs and procedures and other applicable compliance requirements;
  • Support regulatory applications, maintain current regulatory licences;
  • Draft and update compliance manuals, policies and procedures;
  • Respond to ad hoc queries from the Business regarding specialist Cypriot compliance matters;
  • Co-ordinate with both domestic and overseas FXCM Compliance Officers and/or MLROs on issues related to cross-border transactions and investigations;
  • Prepare weekly, bi-weekly, monthly and quarterly reports to the Global Director of Compliance;
  • Produce high level summaries and updates for senior management;
  • Keep abreast of regulatory rule changes and developments, assess their impact and as appropriate, circulate to management to consider next steps;
  • Keep up to date with EMIR and MIFID regulatory developments, technical standards and industry solutions;
  • Provide advice to the Business on Cypriot regulations that impact a firm dealing in OTC products;
  • Perform Quarterly Risk Control Self-Assessment with Department & Country Heads;
  • Document and maintain Process Flow Maps, Control Matrices and Control Test Plans for key business processes, and make any necessary updates as changes occur in the Business, Regulatory and Risk Control Environment in Cyprus;
  • Assist the Risk Officer in managing other Risk Control Processes and Activities as required; and
  • Review and monitor risks associated with outsourcing vendor.