Anti-Money Laundering Compliance Officer (AMLCO) - Limassol

  • Location:

    Cyprus, Limassol

  • Discipline:

    Payment Processing

  • Job type:

    Permanent

  • Benefits:

    4k-5.5k Gross Monthly +13th

  • Published:

    22-10-2024

  • Expiry date:

    22-10-2024

  • Reference:

    2708

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Our client is a new EMI company in Limassol looking to hire Anti-Money Laundering Compliance Officer (AMLCO) with EMD/EMI experience.
They are part of a well-established and reputable smart payment cashier software company that has been in the market for over 10 years. 

Overview: 

  • The AMLCO will be responsible for developing, implementing and maintaining our anti-money laundering (AML) program, ensuring compliance with relevant laws and regulations.
  • This role is critical in safeguarding the institution against money laundering, terrorist financing and other financial crimes.

Roles & Responsibilities 

  • Design and implement an effective AML program that meets all regulatory requirements.
  • Regularly update AML policies and procedures to reflect changes in laws, regulations and best practices.
  • Conduct ongoing monitoring of transactions to identify suspicious activity.
  • Prepare and submit Suspicious Activity Reports (SARs) to relevant authorities.
  • Maintain accurate records of all AML activities and investigations.
  • Conduct AML risk assessment and implement risk mitigation strategies.
  • Perform customer due diligence (CDD) and enhanced due diligence (EDD) as needed.
  • Serve as the primary point of contact with regulatory bodies and law enforcement agencies.
  • Respond to regulatory inquiries and ensure timely reporting.
  • Work closely with other department to ensure a unified approach to AML compliance.
  • Provide expert advice and support on AML-related issues to senior management and staff.

Required Qualifications 

  • Bachelor's degree in Finance, law or a related field.
  • Minimum of 5 years of experience in AML Compliance
  • Previous experience working in an EMI is essential.
  • In-depth knowledge of AML laws, regulations, and best practices.
  • Strong analytical skills and attention to detail.
  • Excellent communication and interpersonal skills.

Benefits:

  • 4-5.5k Gross monthly
  • +13th

To apply:

Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Anti-Money Laundering Compliance Officer (AMLCO) with reference number 2708.
Or you can apply directly through your candidate login by hitting the APPLY button.