Assistant Manager, AML Compliance

POSITION SUMMARY

The Assistant Manager, AML Compliance key focus of this role will be on ensuring the Company adheres to legal and regulatory standards for anti-money laundering (“AML”), including counter-terrorist financing (“CTF”) at all times, including outside typical business hours. This role involves responding to incidents, monitoring operations, and performing other critical duties that require immediate attention, regardless of the time of day. Assistant Manager, AML Compliance will be based in Cyprus.

PRIMARY RESPONSIBILITIES:

• Assists in the management and maintenance of constant compliance with the Casino Gaming and Casino Supervision Commission (CGC) AML regulations & directives as well as the laws and regulations from which the CGC’s supervisory authority and regulations are derived, such as The Unit for Combating Money Laundering (MOKAS), and the European Union (EU).
• Assists in the management of the company’s AML compliance program and related activities to prevent illegal, unethical or improper conduct in Cyprus.  The Assistant Manager will have delegate responsibility to provide approval in line with the AML Departments policies and procedures on behalf of the Anti-Money Laundering Compliance Officer (AMLCO).
• Maintains updated knowledge and understanding of all AML regulatory requirements impacting the business in Cyprus.
• Ensures awareness on all AML risks arising from existing and new customers, products and services
• Assists with the evaluation of any deficiencies identified by regulatory bodies, external auditors, and internal auditors
• Implements changes to the AML program based on findings and recommendations identified by regulatory authorities and auditors
• Cooperates with other departments to assist with the design and documentation of AML practices, policies, procedures and controls in order to mitigate the risks associated with AML compliance
• Provides advice and guidance to the employees of the Operator on matters related to prevention of money laundering and terrorist financing
• Conducts training and organizes appropriate training sessions/seminars for staff
• Ensures that the daily, weekly and monthly monitoring activities of the AML Team are completed in an accurate and timely manner
• Manages the Operator’s Customer Due Diligence capabilities and procedures
• Ensures the correct documentation is received in respect of KYC procedures
• Prepares and maintains records of customers categorized as per the risk matrix.
• Maintains a register of customers for which the Operator declined the establishment of business relationship and/or terminated the business relationship for compliance reasons
• Completes independent reviews for higher risk transactions and client relationships (at onboarding and periodic review) in line with policy requirements
• Manages the day to day Unusual Transaction reports and record findings.
• Maintains records for a period of six years in line with the requirements of the AML Direction
• Undertakes investigations into suspected financial crime
• Acts as a point of contact with MOKAS, for all operational matters
• Follows any directions from MOKAS, investigates and examines all transactions, documenting any conclusions.
• Submits monthly reports to the Commission
• Supervises, reviews and evaluates the AML team
• Generates reports to senior management as required
• Ensures that all alerts from the AML transaction monitoring system are dealt with in a timely manner.

QUALIFICATIONS:

• Assists in the management and maintenance of constant compliance with the Casino Gaming and Casino Supervision Commission (CGC) AML regulations & directives as well as the laws and regulations from which the CGC’s supervisory authority and regulations are derived, such as The Unit for Combating Money Laundering (MOKAS), and the European Union (EU).
• Assists in the management of the company’s AML compliance program and related activities to prevent illegal, unethical or improper conduct in Cyprus.  The Assistant Manager will have delegate responsibility to provide approval in line with the AML Departments policies and procedures on behalf of the Anti-Money Laundering Compliance Officer (AMLCO).

• Maintains updated knowledge and understanding of all AML regulatory requirements impacting the business in Cyprus.
• Ensures awareness on all AML risks arising from existing and new customers, products and services
• Assists with the evaluation of any deficiencies identified by regulatory bodies, external auditors, and internal auditors
• Implements changes to the AML program based on findings and recommendations identified by regulatory authorities and auditors
• Cooperates with other departments to assist with the design and documentation of AML practices, policies, procedures and controls in order to mitigate the risks associated with AML compliance
• Provides advice and guidance to the employees of the Operator on matters related to prevention of money laundering and terrorist financing
• Conducts training and organizes appropriate training sessions/seminars for staff
• Ensures that the daily, weekly and monthly monitoring activities of the AML Team are completed in an accurate and timely manner
• Manages the Operator’s Customer Due Diligence capabilities and procedures
• Ensures the correct documentation is received in respect of KYC procedures
• Prepares and maintains records of customers categorized as per the risk matrix.
• Maintains a register of customers for which the Operator declined the establishment of business relationship and/or terminated the business relationship for compliance reasons
• Completes independent reviews for higher risk transactions and client relationships (at onboarding and periodic review) in line with policy requirements
• Manages the day to day Unusual Transaction reports and record findings.
• Maintains records for a period of six years in line with the requirements of the AML Direction
• Undertakes investigations into suspected financial crime
• Acts as a point of contact with MOKAS, for all operational matters
• Follows any directions from MOKAS, investigates and examines all transactions, documenting any conclusions.
• Submits monthly reports to the Commission
• Supervises, reviews and evaluates the AML team
• Generates reports to senior management as required
• Ensures that all alerts from the AML transaction monitoring system are dealt with in a timely manner.

PERSONAL COMPETENCIES

• Achieves agreed objectives and accepts accountability for results
• Displays the highest level of integrity, quality and professionalism
• Displays a high commitment to delivering results
• Ability to maintain confidentiality and discretion
• Leads others to achieve business objectives
• Communicates effectively
• Self-motivated
• Approachable
• Must be a team player and willing to work in a team atmosphere
• Willing and able to take on ad hoc assignments with short notice