Job Description

CareerFinders, on behalf of our client, a newly licensed Electronic Money Institution (EMI) by the Central Bank of Cyprus, and with offices in Nicosia, we are seeking to recruit a Anti-Money Laundering Compliance Officer (AMLCO) to join their growing team. As the Anti-Money Laundering Compliance Officer (AMLCO), you will be responsible for the effective operation and oversight of the Company’s AML/CFT, sanctions and proliferation-financing framework. Our client is seeking applicants who are educated to degree level in a relevant field of study, who possess a minimum of 6+ years of experience in an AMLCO role within entities regulated under EU anti-money laundering laws. You will need to hold demonstrable AML/CFT experience in high-risk sectors, such as crypto-assets and virtual asset services, gambling and online gaming, investment or brokerage services, trading in derivatives and CFDs. An attractive remuneration and benefits package is on offer, including a Provident Fund. This is a fully onsite position based in Nicosia, and working hours are from 08:00 – 17:00 or 09:00 – 18:00 from Monday to Friday.
 

Key Duties/Responsibilities: 

• Act as the designated Anti-Money Laundering Compliance Officer (AMLCO), ensuring full compliance with AML/CFT regulations.
• Develop, maintain, and oversee the implementation of the Company’s AML/CFT policies, procedures, systems, and controls in line with regulatory standards.
• Lead and regularly update the AML/CFT Business-Wide Risk Assessment.
• Monitor the Company’s compliance with applicable AML/CFT legislation, the CBC AML/CFT Directive and internal policies.
• Oversee customer due diligence, enhanced due diligence, customer risk classification, and ongoing monitoring.
• Review and approve high-risk customer relationships, including PEPs and customers connected with high-risk sectors or jurisdictions.
• Receive and evaluate internal reports of knowledge or suspicion of money laundering or terrorist financing.
• Determine whether suspicious activity reports should be submitted to MOKAS and maintain the relevant confidential records.
• Oversee transaction monitoring, sanctions screening and the investigation of unusual or suspicious activity.
• Advise the Board and relevant employees on AML/CFT risks, obligations, and regulatory developments.
• Prepare regular reports and the annual AMLCO report for submission to the Board.
• Escalate material AML/CFT deficiencies, breaches, and suspicious matters directly to the Board.
• Monitor the implementation of AML/CFT remedial actions and recommendations.
• Assess the AML/CFT risks of new products, services, technologies, customer categories, and geographic markets.
• Develop and oversee AML/CFT and sanctions training for employees, senior management, and the Board.
• Act as a key contact with the CBC, MOKAS and other relevant authorities on AML/CFT matters.
• Maintain appropriate AML/CFT records, registers, and management information.
• Oversee AML system configuration, maintenance, performance, and data quality.
• Approve and test AML rules, scenarios, thresholds, and system changes.
• Prepare and submit accurate AML/CFT returns, reports and notifications to the CBC.
• Report material AML/CFT breaches or system failures and oversee remediation of CBC findings.

Key Skills/Experience: 

• Relevant university degree in Law, Finance, Economics, Accounting, Business Administration, or a related field.
• At least six years of experience in an AMLCO role within entities regulated under EU anti-money laundering laws.
• Demonstrable AML/CFT experience in high-risk sectors, such as crypto-assets and virtual asset services, gambling and online gaming, investment or brokerage services, trading in derivatives and CFDs.
• Strong knowledge of the Cyprus and EU AML/CFT and sanctions framework.
• Practical experience in CDD, EDD, transaction monitoring, sanctions screening and suspicious activity reporting.
• High integrity, independence of mind and sound professional judgement.
• Ability to report effectively to the Board and engage with competent authorities.
• Excellent written and spoken English.
• AML certification, such as CySEC AML, ACAMS or any other equivalent will be considered as advantage.

Key Benefits: 

• Competitive compensation and benefits package, including a Provident Fund and discretionary annual bonus.
• Opportunity to work with cutting-edge fintech payment products in a dynamic and growing company.
• Continuous learning opportunities, with exposure to new tech, schemes, and global payment trends.
• A fast-paced, collaborative environment where ideas turn into impact quickly.
• A culture that values innovation, collaboration and growth through role ownership and responsibility.

To apply for this vacancy, please send your CV, along with any covering letter to jobs@careerfinders.com.cy quoting the reference number ERG9332. Please note that due to the high volumes of applications received only shortlisted applicants will be responded to. By sending us your CV you are giving CareerFinders your consent to be contacted for this and any other suitable vacancies that we believe match your skills and experience. To view our privacy policy, please click www.careerfinders.com.cy/privacy-policy.   

How to Apply

Interested candidates are kindly requested to send their CV to the HR Manager at jobs@careerfinders.com.cy.

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CareerFinders Recruitment Services Ltd