Are you interested in an exciting career opportunities, and personal growth in an international fast-paced working environment? Join our community!
When you work with our company, you partner with one of the world’s leading third-party ship managers. You join over 2,000 talented professionals at the shore and over 20,000 professionals at sea, in over 30 countries and across the world’s oceans. Together, we move a fleet of over 650 vessels and help hundreds of ship owners trade cargo all around the world safely and efficiently.
You help us deliver Ship Management, Crewing, Finance, Information Technology, Human Resources, and Consulting services. With over 80 nationalities at sea and shore, and 46-54% (female to male) gender ratio at shore, we are proud of our multinational and inclusive workplace.
We’re looking forward to meeting you!
Job Objective
The Compliance Officer is responsible for supporting the Group Cmmercial Operations Director in ensuring that the organization complies with all regulatory requirements relating to Know Your Customer (KYC) and sanctions compliance. This role involves implementing, monitoring, conducting due diligence, addressing regulatory risks and enhancement of the organization’s KYC and sanctions compliance frameworks, to prevent financial crimes and sanctions breaches.
Responsibilities
KYC Compliance
- Assist in the development and implementation of KYC policies and procedures in line with regulatory requirements.
- Ensure thorough due diligence processes for onboarding new customers and vendors and periodic review of existing customers and vendors.
- Conduct customer due diligence (CDD), enhanced due diligence (EDD), and ongoing due diligence (ODD) for high-risk clients.
- Monitor and evaluate customer and vendor risk profiles and ensure proper documentation and compliance with regulatory requirements.
- Ensure compliance with internal KYC and sanctions policies and regulatory requirements.
- Conduct periodic review and audits to verify adherence to KYC procedures and regulatory expectations and to identify gaps and recommend improvements.
Sanctions Compliance
- Stay updated on changes and new sanctions regulations and communicate changes to relevant stakeholders and recommend changes to compliance processes as required.
- Monitor compliance with international and local sanctions regulations (e.g., OFAC, EU, UN).
- Conduct sanctions screening for customers, transactions, and third-party vendors using approved systems.
- Investigate and resolve sanctions screening alerts, escalating any confirmed matches to management as required.
- Assist in maintaining the sanctions compliance register and associated documentation.
Regulatory Support and Reporting
- Assist in preparing reports for regulatory authorities on KYC and sanctions compliance matters.
- Support regulatory inspections and audits by providing documentation and responding to inquiries.
- Maintain accurate records of compliance activities, including KYC reviews and sanctions investigations.
Training and Awareness
- Provide KYC and sanctions compliance training programs to team members.
- Promote a culture of compliance and risk awareness across the organization.
Risk Management and Monitoring and Escalation
- Identify and assess compliance risks related to KYC and sanctions.
- Support the implementation of risk-based strategies for compliance monitoring and issue escalation.
- Contribute to the development and implementation of transaction monitoring systems to identify suspicious activities.
- Escalate identified risks, compliance breaches, or suspicious activities to Management promptly.
- Maintain comprehensive records of KYC data, sanctions checks, and compliance decisions.
Team Collaboration
- Collaborate closely with the Compliance Team and other departments to ensure the efficient operation of compliance activities.
- Work closely with business units to address and resolve compliance-related issues.
- Collaborate with legal, audit, and risk management teams to identify and address compliance gaps effectively.
Requirements
Education & Qualifications:
- Bachelor’s degree in finance, Law, Business Administration, or a related field.
- Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or ICA (International Compliance Association) are an advantage.
Work Experience:
- Minimum 3 years of experience in KYC, sanctions, or compliance roles within financial services or a regulated industry.
- Familiarity with regulatory frameworks for AML, KYC, and sanctions compliance.
Job-Specific Skills:
- Proficiency in compliance-related tools and software for KYC and sanctions screening.
- Ability to manage multiple priorities and work under pressure.
- Strong analytical and investigative skills.
- Effective communication and interpersonal skills.
- Attention to detail and ability to adhere to deadlines
Benefits
What benefits will you enjoy?
You will get the following benefits by joining our location:
- Annual leave days: 22
- Competitive compensation package.
- Provident fund.
- Education sponsorship.
- Medical insurance.
- Gym membership.
- Parking sponsorship.
In addition, everyone in the BSM community benefits from:
- Annual performance bonus
- Flexible working hours and home-office entitlement
- My door is always open policy by leaders
- 24/7 mental health support
- A beautiful office in the heart of Limassol.
