Deputy MLRO

Waterhouse-Kern Associates is proud to be representing a global Financial Services company based in Cyprus who are seeking a senior hire in their Financial Crime team. Candidates with experience working for European banking entities will be preferred by the client, but this is not essential. The client is open to sponsorship for the right candidate.Duties will include but will not be limited to:Financial Crime Compliance (FCC)

• Oversight of Suspicious Activity Reporting (SARs) regime and liaison with the relevant FIU;
• Advising the business on FCC matters;
• Opining on FCC risk matters escalated;
• Providing communications, training and development of company staff;
• Act as a reviewer or approver within the governance framework;Compliance Advisory
• Acting as a source of regulatory knowledge and expertise to the business;
• Review and development of policies and procedures;
• Compliance projects management programme;
• Undertake compliance monitoring and surveillance;
• Organizing and leading the work of the Underwriting department;
• Prepare and/or review response to regulatory queries and Auditor requests;
• Participation in the enterprise-wide risk assessment process;
• Reviewing the product of the controls functions and providing recommendations;
• Maintain and develop the control framework;Regulatory Reporting and Liaison
• Preparation of regulatory reports;
• Assessment and approval of regulatory reporting in line with the governance framework;
• Production of internal management information;
• Regulatory communications and Central Bank / MOKAS / Law Enforcement liaison;Scheme and business partner requirements
• Ensuring the ongoing compliance with the rules of card schemes and key business partners;
• Ensure communications with payment and card schemes and key business partners;