Deputy Compliance and AML Officer

Job Description

Our client is a Cyprus registered company which operates an EMI Licensed by the Central Bank of Cyprus. Due to the rapid growth of their international clientele within the European, Asian and African Markets, they are currently looking to hire a Deputy Compliance and AML Officer to join their team based in Nicosia. You will be working in a team of 4, reporting to the Head of Compliance

Key Responsibilities:

  • Stay up-to-date with the latest AML regulations, trends, and developments to ensure ongoing compliance;
  • Assist in the development and maintenance of AML monitoring systems and tools to enhance the efficiency and accuracy of AML processes;
  • Conduct investigations into any potential AML violations or breaches and prepare reports detailing findings and recommendations;
  • Work closely with the Customer Support & On boarding Department to make sure that the AML procedures are followed;
  • Escalating any suspicions pursuant to AML to the AMLCO;
  • Review marketing, advertising material to ensure they comply with regulatory requirements;
  • Prepare compliance reports addressed to the Head of Compliance & AMLCO and/or to the Regulators;
  • Demonstrate an understanding of the ML/TF risks associated with the business model of the Company;
  • Perform ML/TF risk assessment and report the results of this assessment to the AMLCO;
  • Draft Policies, Procedures and Reports related to the overall Compliance function;
  • To be able to assign and delegate tasks to officers acting under his supervision;
  • Respond to any requests by the Regulator in a professional manner;
  • Reporting directly to the Head of Compliance & AMLCO;
  • Monitor and analyse customer transactions and activities for any unusual or suspicious patterns and promptly report any findings;
  • Dealing with client complaints related to Compliance.
  • Perform any other ad hoc AML related matters;


Your Profile:

  • Bachelor Degree in Finance, Banking, Administration;
  • At least 5 years’ experience in a similar position;
  • English at a high level (read, speech and written);
  • Any comfortable communication in additional languages will be considered an advantage;
  • Solid organizational skills including attention to detail and multi-tasking skills;
  • Basic knowledge of Excel and other Microsoft Office tools;
  • Strong analytical skills and attention to detail;
  • Good understanding of EU-CY regulatory environment;
  • Pleasant personality.


Additional Skills & Experience

  • Any AML certificate/diploma will be considered an advantage;
  • Experience in a FI/PS/EMI will be considered an advantage;
  • Flexible to travel;
  • Willing to attend to several seminars.