Our client is an Audit and Accounting Firm based in Nicosia and established 1982 and continues to grow steadily, the opportunity has become available as m client is looking to recruit an Anti-Money Laundering Compliance Officer (AMLCO) to join the team.
Company profile:
- Today, we operate from our Nicosia offices and our team consists of 13 highly qualified professionals, each bringing unique experience and added value to a dynamic, high-standard working environment.
- The firm is managed by experienced partners with a combined experience of over 35 years in Accounting, Taxation, Auditing and related professional services. All partners are members of ICPAC (Institute of Certified Public Accountants of Cyprus).
- We serve both local and international clients, offering a broad range of professional services and tailored solutions based on their specific needs, regardless of their size or complexity.
- Our commitment is clear: to manage our clients’ business needs in the most efficient and professional manner, while consistently maintaining high standards of quality, transparency and reliability.
Job Description - AML Compliance Officer (AMLCO):
- We are seeking an experienced Anti-Money Laundering Compliance Officer (AMLCO) with proven expertise in AML/CFT, due diligence and efficient and effective transaction monitoring. (Mandatory AML certification issued by ICPAC)
- The role requires direct client interaction, team leadership and strong capabilities in developing, implementing and updating procedures, operational manuals and compliance documentation.
Key Responsibilities:
- AML/CFT Policies and Procedures: Design, develop and update AML/CFT policies and procedures, including KYC/CDD/EDD, sanctions screening, PEP identification, adverse media screening, ongoing monitoring, recordkeeping and escalation procedures.
- Due Diligence: Oversee and perform quality control reviews of KYC files, including Ultimate Beneficial Owner (UBO) verification, Source of Funds (SoF), Source of Wealth (SoW) and complex ownership structures. Manage remediation exercises and periodic reviews.
- Transaction Monitoring: Design, implement, operate and optimise transaction monitoring rules and scenarios, thresholds, alert-handling processes and investigation workflows. Reduce false positives and prepare management information (MI), key performance indicators (KPIs) and audit trails.
- Client Relationship Management: Communicate directly with clients to obtain supporting documentation, manage sensitive compliance matters and ensure clear and timely escalation whenever required.
- Team Leadership: Lead and supervise a team of at least three employees, providing guidance, allocating responsibilities, conducting quality control reviews and delivering training.
- Staff Training and Compliance Culture: Develop and implement training plans, promote a strong compliance culture and prepare periodic and annual reports for senior management.
- Procedures and Documentation: Develop, maintain and update role-specific procedures, AML manuals, work instructions, checklists and reporting templates, ensuring appropriate version control and effective implementation.
Mandatory Qualifications and Requirements:
- University degree in Law, Accounting, Finance, Business Administration or a related field.
- Proven AML/CFT experience within a professional services firm and/or the financial services sector.
- Mandatory AML certification issued by ICPAC.
- Proven experience in due diligence.
- Proven experience in efficient and effective transaction monitoring.
- Demonstrated experience in direct client interaction.
- Previous team leadership experience, managing a team of at least three employees.
- Proficiency in Microsoft Excel, Word, PowerPoint and Outlook.
- Essential experience in developing, drafting and updating role-specific procedures and operational manuals.
- Proactive attitude and commitment to continuous professional development and lifelong learning.
What We Offer:
- Competitive remuneration package and annual performance-based bonus.
- Six-month probationary period.
- Additional benefits in accordance with company policy, including a 13th salary.
- Continuous training, professional development and regulatory updates.
- Opportunities for career progression within the firm.
- A supportive, professional and collaborative working environment.
Salary and Benefits:
- Monthly Gross Salary: €2,000–€2,500, depending on the candidate’s qualifications and professional experience.
- 13th Salary: Provided.
- Professional Development: Opportunities for ongoing training, professional development and continuous learning.
- Working Environment: A supportive and professional working environment.
- Career Progression: Opportunities for professional growth and career advancement within the firm.
- The overall remuneration and benefits package will be determined according to the candidate’s qualifications, relevant professional experience and overall suitability for the role.
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of AML Compliance Officer (AMLCO) with reference number 4558.
Or you can apply directly through your candidate login by hitting the APPLY button.
