AML & Compliance Officer

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On behalf of our client, an expanding payments provider,  GRS Recruitment is currently looking to recruit an AML and Compliance Officer to be based in Limassol. If you think you have the necessary skills and experience, please send us your CV for this AML and Compliance Officer Limassol role.
  • Ensure identification and due diligence of new customers and verification of their rights, and perform ongoing screening and due diligence on existing clients.
  • Identify and assess risks related to prevention of criminal and illegal conduct and exposure of the company’s operations to fraud and crime. Make recommendations and implement measures for risk elimination or mitigation.
  • Regularly monitor transactions and activities for compliance and generate accurate and timely compliance reports for internal and external stakeholders. .
  • Utilise various tools, software, and data sources to analyze financial transactions, customer profiles, and behaviour, in order to identify unusual patterns, red flags, and potential sanctions breaches.
  • Prepare and submit internal suspicious activity/transaction reports to the Head of Compliance. 
  • Prepare and submit ad-hoc reports to the relevant regulatory authorities, in collaboration with external consultants.
  • Maintain Customers’ data and information on databases and ensure immediate update of relevant customer-related records.
  • Stay abreast of relevant financial regulations and conduct ongoing assessments to ensure compliance with regulatory requirements.
  • Collaborate with cross-functional teams to develop, implement, and update compliance policies and procedures.
  • Collaborate with internal and external auditors during compliance audits, addressing findings and implementing corrective actions.
  • Handle relevant matters and communication with banks and payment method counterparties.
  • Research and provide actionable advice on relevant regulatory and compliance issues.
  • Establish and ensure effective collaboration with third parties and external service providers.
  • Bachelor's degree in Business, Finance, Law, or a related field.
  • At least 2-3 years of proven experience as a Compliance Officer in the financial industry or related field. Experience in the payments/banking sector is preferred.
  • Experience in transaction monitoring and risk management is necessary.
  • In-depth knowledge of relevant financial regulations and compliance best practices.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Fluent English Proficiency.
  • Ability to work collaboratively in a dynamic and fast-paced environment.
  • Competitive remuneration package
  • Very friendly and approachable management
  • Bonus
  • Monday – Friday 08:00 – 17:00
Due to the high volume of applications we receive at GRS Recruitment, only shortlisted candidates will be responded to.
To apply for this position, please email your CV to Charalambos Iasonos, quoting the above job reference or call +357 25 342 720 for further information.
Job Summary
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    31 January 2024
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  • 6986
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