Compliance & Substance Consultant

3 days ago

Limassol Municipality, Limassol, Cyprus OpiniQ Full time

The Compliance & Substance Officer
is responsible for ensuring that the company and its associated entities maintain full regulatory compliance and demonstrate adequate economic and operational substance within their jurisdiction of incorporation. This role involves direct interaction with directors, shareholders, and ultimate beneficiaries, providing guidance on compliance, governance, and due diligence matters.

The ideal candidate will possess a strong background in banking or electronic money institution (EMI) compliance, combined with excellent communication and client relationship management skills. The role requires balancing regulatory precision with a consultative and service-oriented approach.

Responsibilities:

Regulatory Compliance

  • Develop, implement, and maintain compliance frameworks in line with applicable laws and regulatory standards (AML, CTF, FATCA, GDPR, and substance regulations).
  • Oversee ongoing monitoring of client and company activities to ensure alignment with licensing, corporate, and financial obligations.
  • Conduct and review CDD/KYC checks for directors, shareholders, and beneficial owners.
  • Prepare and update internal policies, manuals, and risk assessments.
  • Assist in the preparation of compliance reports for regulators and management.

Substance Management

  • Ensure that the company maintains demonstrable economic and operational substance in its jurisdiction, including governance, management, and physical presence requirements.
  • Coordinate board meetings, record minutes, and maintain statutory registers and corporate documentation.
  • Liaise with service providers, local agents, and auditors to confirm ongoing substance compliance.
  • Monitor and report on substance indicators such as local directorships, decision-making records, and operational infrastructure.

Consulting & Client Support

  • Advise directors, shareholders, and beneficiaries on compliance obligations, regulatory updates, and corporate best practices.
  • Serve as a key point of contact for clients, providing clear, practical compliance solutions and guidance.
  • Support onboarding and client relationship management in cooperation with banking and payment service partners.
  • Assist with due diligence queries from financial institutions and regulators.

Requirements:

Education & Experience

  • Bachelor's degree in Law, Finance, Business Administration, or related field.
  • Minimum 3–5 years' experience in compliance, corporate administration, or financial services (banking, EMI, PSP, or fiduciary sector).
  • Strong understanding of international AML/CTF regulations, substance requirements, and corporate governance.
  • Experience in consulting or client-facing compliance roles is highly desirable.

Skills & Competencies

  • Exceptional analytical and organizational skills.
  • Strong interpersonal and communication skills, capable of advising senior stakeholders.
  • High attention to detail with sound professional judgment.
  • Ability to manage multiple priorities and meet strict deadlines.
  • Fluency in English and Russian
    (verbal and written) is essential; additional languages are an advantage.

Preferred Qualifications

  • Relevant certifications such as ICA, ACAMS, CySEC Advanced or CFCS.
  • Prior experience in an EMI, PSP or regulated corporate services provider.
  • Familiarity with EU and offshore compliance frameworks

Working conditions:

  • Competitive remuneration
  • Convenient location in Limassol
  • On-site meals (breakfast and lunch)
  • Opportunities for professional growth
  • Friendly working environment

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