AML Compliance Officer
KHR Innovate Ltd
Location
Nicosia
Type
full-time
Experience
Senior (5+ yrs)
Salary (Gross)
€2,167 - €2,708 per month
Apply within
31 days
Category
AML, Compliance & Risk
About the Role
A well-established professional services firm in Cyprus with over 40 years of experience providing audit, accounting, tax, advisory, and business consulting services is seeking an experienced Anti-Money Laundering Compliance Officer (AMLCO) based in Nicosia. In this role, you will lead and supervise a team of at least three professionals, develop and maintain AML/CFT policies and operational manuals, oversee client due diligence including KYC, CDD, EDD, and manage transaction monitoring systems. You will liaise directly with domestic and international clients, conduct remediation exercises, and foster a strong culture of compliance across the organization. Mandatory ICPAC AML certification is required.
Responsibilities
- Design, develop, and update AML/CFT policies, procedures, work instructions, and manuals
- Oversee and perform quality control reviews of KYC files, UBO verification, and Source of Funds/Wealth
- Manage compliance remediation exercises and periodic reviews
- Design, implement, operate, and optimize transaction monitoring rules, thresholds, and investigation workflows
- Reduce false positives and prepare management information, KPIs, and audit trails
- Communicate directly with clients to obtain documentation and handle escalations
- Lead, supervise, and mentor a compliance team of at least three employees
- Develop and deliver compliance training plans to promote a strong compliance culture
- Prepare periodic and annual compliance reports for senior management
Requirements
- University degree in Law, Accounting, Finance, Business Administration or a related field
- Mandatory AML certification issued by ICPAC
- Proven AML/CFT experience within a professional services firm or financial services sector
- Proven experience in due diligence, UBO verification, and complex ownership structures
- Demonstrated experience in effective transaction monitoring and investigation workflows
- Demonstrated experience in direct client interaction
- Previous team leadership experience managing a team of at least three employees
- Experience in developing, drafting, and updating role-specific procedures and operational manuals
- Proficiency in Microsoft Excel, Word, PowerPoint, and Outlook
Benefits
- ✓13th salary
- ✓Annual performance-based bonus
- ✓Support for seminars and educational courses
- ✓Continuous training, professional development, and regulatory updates
- ✓Opportunities for career progression within the firm
- ✓Supportive, professional, and collaborative working environment
- ✓Flexible start time between 7:30 AM and 8:30 AM
- ✓Friday afternoons off (working until 3:00 PM)
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