Compliance Specialist at inDrive

Department: Compliance & Integrity

Location: Cyprus

Description

About the role

Join our team as a Compliance Specialist at inDrive. You will build and maintain a robust compliance framework across procurement and vendor management – leveraging AI-driven controls to detect risks early, automate routine checks, and ensure ethical, transparent business practices at scale.

Key Responsibilities

Vendor Compliance & AI-Powered Controls

• Design and enforce procurement compliance controls aligned with inDrive policies and applicable regulations.
• Implement and continuously improve AI-based controls: automated anomaly detection across vendor spend, contract terms, and approval workflows.
• Leverage AI tools to monitor third-party risk in real time — flagging concentration risks, unusual pricing patterns, and behavioural deviations.

Procurement Review & Contract Risk

• Review procurement requests and contracts for compliance issues, fraud red flags, and financial risks.
• Verify clarity of scope, approval controls, anti-fraud clauses, and vendor penalties.
• Apply AI-assisted contract analysis to surface non-standard terms and missing obligations at scale.

Vendor Due Diligence & KYC

• Conduct KYC and due diligence for vendor onboarding and renewals: financial stability, compliance history, reputational risk.
• Automate KYC workflows using AI screening tools (e.g. Dow Jones Risk & Compliance or equivalents) to reduce manual effort and improve coverage.
• Monitor ownership structures and affiliated relationships to identify conflicts of interest.

Spend Analysis & Data-Driven Insights

• Analyse procurement expenditures by cost centre, category, and project to assess economic rationale and budget adherence.
• Use AI/ML-based spend analytics to detect trends, inefficiencies, and anomalies that regular review would miss.
• Deliver actionable reports to senior management and support strategic sourcing decisions.

Vendor Monitoring, Auditing & Risk Registry

• Maintain an ongoing risk registry with third-party assessments, mitigation plans, and risk rating tracking.
• Conduct post-contract audits and performance reviews; escalate violations and coordinate remediation.
• Implement automated monitoring pipelines to continuously assess vendor behaviour against contract terms.

Reporting & Cross-Functional Collaboration

• Track compliance and anti-fraud metrics; prepare regular reports for senior management.
• Partner with Procurement, Legal, Finance, and etc. on risk mitigation and policy updates.
• Provide training on procurement compliance best practices and AI tool usage across teams.

Skills, Knowledge & Expertise

Experience & Education

• 5+ years in compliance, third-party risk management, audit, or vendor anti-fraud in a global environment.
• Proven track record in handling compliance audits, fraud investigations, compliance and fraud risks assessment or procurement reviews in a global business environment.
• Bachelor’s degree in Business, Finance, Law, Compliance, Risk management or a related field is preferred. Professional certifications in compliance or anti-fraud (e.g. ACAMS, ACFE) are a plus.

Technical & Analytical Skills

• Strong data analysis skills; proficient in Excel and data tools; experience with ERP systems (NetSuite or equivalent).
• Hands-on experience with AI or automation tools applied to compliance, anti-fraud, or risk monitoring.
• Familiarity with platforms such as Dow Jones Risk & Compliance, Catalyst, or similar vendor risk solutions.

Communication & Ethics

• Clear written and verbal communication with ability to engage stakeholders at all levels.
• High integrity, sound ethical judgement, and comfort handling sensitive information with discretion.
• Self-driven; able to balance independent work with cross-functional collaboration in a global, fast-paced environment.

This role is central to safeguarding inDrive’s procurement operations and building AI-enabled compliance infrastructure at global scale.

Job Benefits

• Stable salary, official employment
• Health insurance
• Hybrid work mode and flexible schedule
• Access to professional counseling services including psychological, financial, and legal support
• Diverse internal training programs
• All necessary work equipment

Job Tags: MS Office, Κύπρος, Λεμεσός