Head Compliance

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Our client our client a leading CySEC regulated Forex organization is seeking to employ a Head of Compliance to be based in their Larnaca, Cyprus office.

(a)     liaising with all relevant business and support areas within the Company;

(b)     monitoring the adequacy and effectiveness of the measures and procedures of the Company;

(c)      advising and assisting the relevant persons responsible for carrying out the investment services to be in compliance with the Law;

(d)     drafting written reports to the Senior Management and the Board making recommendations and indicating in particular whether the appropriate remedial measures have been taken in the event of any deficiencies, at least annually. These reports shall be presented to the Board and discussed during its meetings, at least annually. The Company shall submit to CySEC the minutes of the meetings of the Board of Directors, during which the report of the Compliance Officer has been discussed. These minutes are submitted to CySEC within twenty (20) days from the date of the relevant meeting and no later than four months after the end of the calendar year, attached to the said report; 

(e)      working on related changes to the Company’s documentation;

(f)      training and educating the staff of the Company in respect of the compliance function according to the Law;

(g)      communicating the relevant statutes of the IOM to each employee and notify them of any relevant changes therein that relates to his/her role and responsibilities in the Company;

(h)     ensuring that the executive directors or other hierarchically higher officers do not exercise inappropriate influence over the way in which a relevant person carries out the provision of investment and ancillary services;

(i)       developing, designing and re-designing the appropriate procedures of the Company, so as to prevent and resolve potential conflicts of interest, ensuring that all the procedures regarding the Company’s conflict of interest policy are in place, as well as establishing and maintaining Chinese Walls procedures between the various organizational units of the Company. Regular checks will be performed to ensure the latter;

(j)       ensuring that all employees have the ability to identify cases of potential conflicts of interest. The latter will be verified at least once a year;

(k)     deciding whether to allow or not a transaction by notifying Clients, after being informed by members of the staff of a potential conflict of interest situation;

(l)       disclosing to Clients or potential Clients the general nature and any potentially present conflicts of interest;

(m)   keeping records regarding conflict of interest situations, where relevant;

(n)     consenting and approving the Company’s Replacement Policy;

(o)     establishing and implementing the measures as regards personal transactions and notifying each relevant person of the restrictions on personal transactions;

(p)     monitoring and reviewing the dispatch to Clients of the confirmations/notifications regarding the execution of their orders, as applicable;

(q)     ensuring that all relevant information are included in the Company’s outsourcing agreements

(r)        ensuring that the performance of multiple functions by the Company’s relevant persons does not and is not likely to prevent those persons from discharging any particular function soundly, honestly, and professionally;

(s)      receiving and following up Client complaints or grievances in relation to the Administration/Back Office Department and filing these complaints or grievances;

(t)       ensuring that the website of the Company is in compliance with the Regulations and/or Directives, as published by CySEC. In order to ensure the above, the Compliance Officer completes yearly the Website Compliance Review which is being approved by the General Manager. The Form 8.8.1 is being checked every time there is any amendment in any of the Company’s website or any new page;. 

(u)     ensuring that the internal suspicious report is always in place based on the monthly prevention statement of each calendar month. Based on the findings of the internal suspicious report, the Compliance Officer suggests if the client should be reported to the UNIT;

(v)     controlling EMIR reporting on a daily basis;

(w)    ensuring that the client’s introduction form is being sent by the account executives and the customer support officers within 5 working days after the trading account was opened;

(x)     ensuring that all the new accounts opened are correctly documented in the accounting system without any shortages;

(y)     the Compliance Officer fills the Form 8.10.1 whenever the Company wishes to enter into a contractual relationship with a Legal Entity. Based on the results, the Company acts accordingly. 

Only C.V.'s with the above requirements and sent in WORD format will be considered.

Note: Only those with EU Citizenship or valid work permits should apply.

Please send your Curriculum Vitae by to: apply@connectionscy.com
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