Requirements: English
Company: WhatJobs
Region: Zrich , Zurich
Chief Compliance and Risk Officer (CCRO)
Audax Solutions AG is a Swiss-based technology-driven FinTech company developing an advanced B2B payment platform that automates corporate payment processes. Our focus lies on corporate clients in Switzerland, the UK, and Cyprus. We are in the process of applying for a FinTech license in accordance with Article 1b of the Swiss Federal Banking Act. Our goal is to operate within a highly regulated financial environment and comply with local and international standards.
Role Overview :
The Chief Compliance and Risk Officer (CCRO) is responsible for the overall management of Audaxs compliance and risk function and will play a key role in ensuring that the company meets its regulatory requirements while managing internal and external risks. As a member of the Executive Committee, the CCRO will work closely with the CEO and Board of Directors to shape risk management strategies, oversee compliance frameworks, and ensure operational excellence across the organization.
Reporting :
- Reports directly to the CEO and the Board of Directors.
Supervision :
- Supervise the outsourced second line of defense and AML unit (significant outsourcer).
- Oversee the Customer Compliance Officer (first line of defense).
Key Responsibilities :
Compliance & Risk Management :
- Develop, implement, and enhance the compliance and risk management frameworks in accordance with Swiss and international regulations, including Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) standards.
Internal Risk Management :
- Identify, evaluate, and report on internal and external risks to the company. Work with relevant departments to develop risk mitigation strategies and processes, ensuring risks are managed within the companys tolerance levels.
Internal Controls & Procedures :
- Implement an effective Internal Control System (ICS) to ensure regular risk monitoring. Coordinate controls and ensure that internal procedures align with regulatory requirements.
Outsourcer Supervision :
- Oversee significant outsourcers, ensuring that their performance is regularly assessed, and they comply with the company''s risk and compliance standards.
Regulatory Compliance :
- Ensure compliance with all applicable laws and regulations in target markets (Switzerland, UK, Cyprus). Maintain updated internal policies and collaborate with external auditors, legal advisors, and FINMA to ensure compliance with regulatory changes.
Risk Monitoring & Reporting :
- Define parameters for transaction monitoring systems, oversee KYC and sanction screening, and manage risk classification for high-risk business relationships. Report on dormant accounts, MROS reporting, and freezing of assets.
Second Line of Defense :
- Review and evaluate reports from the second line of defense and the AML Unit. Monitor alerts, investigate compliance breaches, and analyze AML alerts to ensure robust compliance.
Employee Training :
- Organize and deliver regular compliance and risk management training sessions for employees, fostering a culture of risk awareness and regulatory adherence within the company.
Reporting & Audit :
- Provide comprehensive and timely reports to the CEO and Board of Directors regarding risk management, compliance activities, and internal controls. Assist in audits and licensing procedures as required.
Cross-Border Regulations :
- Ensure the companys operations comply with cross-border regulations in target markets, with a specific focus on Swiss, UK, and Cyprus frameworks.
Key Competencies :
Personal & Social Competencies :
- Strong leadership and team-player qualities with the ability to operate in a fast-paced, regulated FinTech environment.
- High degree of flexibility and a proactive, hands-on approach to both operational and strategic tasks.
- Strong ownership of tasks with a self-driven approach to compliance management and risk mitigation.
- Excellent communication and collaboration skills for working across all levels of the organization and with external regulatory bodies.
- Commitment to continuous learning and development, staying updated on regulatory changes and innovative risk management solutions.
Technical & Professional Skills :
- In-depth knowledge of AML/CFT requirements, financial crime prevention,