Our client is a well-established financial firm and the first Cyprus company to receive a license to operate as an Electronic Money Institution granted in 2007. They are currently looking for Head of AML Officer for their offices in Larnaca.
THIS IS A FULL TIME OFFICE POSITION.
Job Summary
- We are seeking a proactive and detail-oriented AML Officer with solid experience in Anti-Money Laundering and regulatory compliance within Cyprus.
- The successful candidate will support the implementation of AML/CFT frameworks, ensure compliance with local regulatory requirements, and provide practical guidance on legal and regulatory matters, particularly in line with expectations from the Central Bank of Cyprus.
Key Responsibilities:
- AML & Compliance Duties:
- Support the development, implementation, and maintenance of AML/CFT policies and procedures in line with Cypriot legislation and EU Directives
- Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring
- Review and investigate transaction alerts, identify suspicious activities, and assist in preparing reports to authorities (e.g., MOKAS)
- Conduct AML risk assessments and contribute to internal control enhancements
- Maintain proper documentation and audit trails in line with regulatory expectations
- Monitor regulatory updates from the Central Bank of Cyprus and other relevant bodies
- Regulatory & Legal Advisory Support:
- Provide practical, day-to-day legal and regulatory guidance
- Assist in interpreting laws, directives, and circulars issued by the Central Bank of Cyprus
- Support the drafting and review of internal policies, procedures, and basic agreements
- Identify potential legal or regulatory risks and escalate where appropriate
- Liaise with external legal counsel when specialized advice is required
- Training & Communication:
- Assist in delivering AML training and awareness programs to employees
- Act as a point of contact for internal AML/compliance queries
- Support preparation for internal and external audits and regulatory inspections
Requirements:
- Bachelor’s degree in law, Finance, Business Administration, or a related field
- Exceptional professional proficiency in both Greek and English (spoken and written)
- 3–5 years of experience in AML/compliance within Cyprus (banking, fintech, or financial services preferred)
- Good understanding of Cypriot AML Law and EU AML Directives
- Familiarity with requirements and expectations of the Central Bank of Cyprus
- Basic ability to interpret legal documents and provide practical guidance (not acting as legal counsel)
- Experience with transaction monitoring systems and AML tools
- Professional certifications (e.g., CAMS, ICA) are an advantage
Key Competencies:
- Strong analytical and investigative skills
- Attention to detail and ability to work with sensitive/confidential information
- Good judgment and ability to escalate issues appropriately
- Clear communication skills (written and verbal)
- Ability to balance regulatory compliance with operational needs
Benefits:
- € 4-5k Gross
- + Medical Insurance
Working hours:
To apply:
Please send your CV to StaffMatters at admin@smstaffmatters.com and mention that you are applying for the vacancy of Head of AML - Fully Onsite with reference number 4322.
Or you can apply directly through your candidate login by hitting the APPLY button.
