On behalf of our client, a Payments Systems company based in Larnaca, GRS Recruitment are seeking a proactive and detail-oriented AML Officer with solid experience in Anti-Money Laundering and regulatory compliance within Cyprus. The successful candidate will support the implementation of AML/CFT frameworks, ensure compliance with local regulatory requirements, and provide practical guidance on legal and regulatory matters, particularly in line with expectations from the Central Bank of Cyprus. If you meet the criteria and are eager to take on an exciting role within a pioneering Payments company, we encourage you to apply for this Larnaca based role
MAIN DUTIES AND RESPONSIBILITIES
- Support the development, implementation, and maintenance of AML/CFT policies and procedures in line with Cypriot legislation and EU Directives
- 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
- Liaise with external legal counsel when specialized advice is required
- Assist in delivering AML training and awareness programs to employees
- Act as a point of contact for internal AML/compliance queries
- Support preparation for internal and external audits and regulatory inspections
CANDIDATE PROFILE
- Bachelor’s degree in law, Finance, Business Administration, or a related field
- Exceptional professional proficiency in both Greek and English (spoken and written)
- 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 (not acting as legal counsel)
- Experience with transaction monitoring systems and AML tools
- Professional certifications (e.g., CAMS, ICA) are an advantage
- Strong analytical and investigative skills
- Attention to detail and ability to work with sensitive/confidential information
- Good judgment and ability to escalate issues appropriately
- Clear communication skills (written and verbal)
- Ability to balance regulatory compliance with operational needs
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
Kristina Razorenova, kristina@grsrecruitment.com quoting the above job reference or call +357 25 342 730 for further information.