Head of AML
CareerFinders Recruitment Services
Location
Larnaca
Type
full-time
Experience
Senior (5+ yrs)
Salary (Gross)
Salary upon interview
Apply within
18 days
Category
AML, Compliance & Risk
About the Role
CareerFinders is recruiting a Head of AML for an Electronic Money Institution (EMI) licensed by the Central Bank of Cyprus, based in Larnaca. The role involves supporting the implementation of AML/CFT frameworks, ensuring compliance with local regulatory requirements, and providing guidance on legal and regulatory matters in line with Central Bank of Cyprus expectations. The ideal candidate will have 3+ years of AML/Compliance experience in Cyprus, preferably from Banking, Fintech, or Financial Services. Applicants should be fluent in both Greek and English, and professional certifications are a plus. An attractive remuneration package, including medical insurance, is offered.
Responsibilities
- Support the development, implementation, and maintenance of AML/CFT policies and procedures
- 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
- 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
Requirements
- Bachelor’s degree in law, Finance, Business Administration, or a related field
- 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
- Experience with transaction monitoring systems and AML tools
- Professional certifications (e.g., CAMS, ICA) are an advantage
- Exceptional professional proficiency in both Greek and English (spoken and written)
- Strong analytical and investigative skills
- Attention to detail and ability to work with sensitive/confidential information
- Good judgment and ability to escalate issues appropriately
Benefits
- ✓An attractive remuneration package
- ✓Medical Insurance
- ✓A dynamic and collaborative working environment
- ✓A supportive management team that values employee feedback and initiative
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