Chief Compliance Officer

Job Type:
Permanent
Categories:
Executive & Senior Appointments, Compliance
Location:
Cyprus
Salary Description:
Competitive Salary Offered
Posted:
10-Sep-21
Job Ref:
16239

Role Summary:
The Chief Compliance Officer (CCO) is responsible for ensuring that appropriate processes, systems and structures are in place to manage compliance with the Company’s legal and regulatory obligations, in particular regarding the online gambling sector. This position is responsible for examining and researching the risk areas across the business and mitigating identified risks ensuring full compliance with all applicable regulations, legislation, company policies and best practice. CCO also will drive compliance awareness and encourage a compliance culture across the business.

Main job responsibilities:
● Regularly advising the CEO and Company’s Senior Management on compliance issues and regulations- keeping them up to date regarding their obligations under legislation and challenging them when necessary
● Recognising gaps in existing processes or arising from new regulations and ensuring that the correct remedial actions are put in place to close these gaps
● Maintaining the relationship with the regulator and liaise with relevant external bodies and regulators on all compliance matters
● Conducting regular risk assessments of processes and procedures to ensure that they reflect current legal, technical and operational requirements, especially in regards to Gambling Commission compliance requirements
● Handling licensing issues and other related compliance matters in existing and future regulated markets
● Escalate any significant compliance/non-compliance issues, i.e., irregular activities and/or potential issues in policies or systems to the CEO or any other stakeholder
● Leading investigations and remediation promptly and effectively
● Effectively working to ensure that all company activities are compliant with regulations and current laws
● Provide and deliver compliance reports to the CEO and Shareholder regarding compliance updates and developments
● Maintain a solid understanding of regulatory developments internally and externally, in addition to evolving best practice in compliance control
● Educate employees on not only the regulations but also the impact to the organisation if these are not complied with
● Manage compliance reviews within the company, develop actions and forward plan as necessary for appropriate areas
● Devise, implement and monitor policies that comply with legislation and amend as appropriate subject to changes in legislation
● Provide an objective view of company policies and advise accordingly
● Ensure that requests from data subjects are dealt with promptly and in compliance with current privacy laws
● Managing periodic audits of data protection compliance within the company and identifying the actions necessary for remediation including external audits.
● Respond to all privacy/confidentiality matters related to the privacy framework asked by external regulators, auditors and clients
● Provide appropriate advice and interpretation of the provisions of the Data Protection Act as they impact the company’s activities in general and/or specific functions across all services
● Develop and maintain the general data protection and responsible gambling awareness training programmes within the company and deliver ad-hoc awareness, refresher training and in-depth training as necessary
● Develop, implement and enforce appropriate policies and procedures related to third party suppliers and ensure that data protection requirements are detailed in contractual agreements
● Confidently respond to queries and any investigations from external and internal parties
● Review marketing materials, presentations and websites to ensure compliance with regulatory requirements
● Ensure appropriate contingency plans are in place that set guidelines on how to respond to a possible compliance breach

Contact Details:
Tel: +44 (0) 1355 588 988
Contact: Jennifer Innes
Email:

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