A well-established international banking institution is working in partnership with GRS Recruitment to recruit an experienced AML Officer to join its team in Limassol. The successful candidate must have a minimum of 2–3 years’ previous experience within an AML Compliance function in the banking sector, together with a strong understanding of Cyprus AML/CFT legislation, Central Bank of Cyprus requirements, and banking compliance procedures. This is an excellent opportunity to join a reputable banking institution built on the core values of integrity, transparency, compliance, and commitment to both its customers and employees. The successful candidate will work closely with the AMLCO and play an important role in ensuring the Bank’s continued compliance with applicable anti-money laundering and counter-terrorist financing requirements.
DUTIES AND RESPONSIBILITIES
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Assist and coordinate with the AMLCO to ensure compliance with applicable AML/CFT legislation, regulatory requirements, and the Bank’s internal policies and procedures.
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Monitor and review circulars, directives, and guidance issued by the Central Bank of Cyprus and other relevant regulatory authorities.
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Review reactivated and reopened accounts to ensure compliance with the Bank’s policies, procedures, and customer due diligence requirements.
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Monitor newly opened high-risk accounts and conduct ongoing reviews of existing high-risk customer relationships.
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Monitor customer activity and develop or update customer economic profiles to assess and review customer risk ratings and risk-scoring classifications.
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Conduct transaction monitoring using the Bank’s automated monitoring systems and investigate transactions or activity that may be associated with money laundering or terrorist financing.
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Investigate unusual or suspicious activities and provide the AMLCO with clear and accurate findings and supporting documentation.
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Support the preparation of monthly, quarterly, semi-annual, and annual AML-related reports for the Central Bank of Cyprus and Head Office.
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Assist in ensuring compliance with FATCA and CRS reporting requirements, including:
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Preparing and maintaining records of reportable clients.
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Coordinating with relevant departments to obtain the required client documentation and information.
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Maintain accurate records and documentation relating to AML reviews, investigations, monitoring activities, and reporting.
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Work closely with internal departments to resolve AML, KYC, customer-risk, and transaction-monitoring matters.
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Remain up to date with developments in applicable AML/CFT legislation, regulatory requirements, rules, and industry standards.
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Contribute to the ongoing enhancement of the Bank’s AML compliance framework, procedures, and controls.
CANDIDATE PROFILE
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Bachelor’s degree in Banking, Finance, Business Administration, Law, or another relevant field.
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A minimum of 2–3 years’ AML Compliance experience within a bank is mandatory.
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Previous experience in the banking sector is an essential requirement.
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Strong knowledge of Cyprus AML/CFT legislation, Central Bank of Cyprus requirements, and banking regulatory obligations.
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Previous experience in customer risk assessment, transaction monitoring, suspicious activity investigations, and AML reporting.
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Knowledge of FATCA and CRS reporting requirements will be considered an advantage.
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CAMS certification or another relevant AML/compliance qualification will be considered an advantage.
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Strong analytical, investigative, and problem-solving skills.
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High level of accuracy and attention to detail.
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Strong organisational and communication skills.
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Proficiency in Microsoft Office, particularly Excel.
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Fluency in Greek and English, both written and spoken.
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Ability to work independently while collaborating effectively with internal stakeholders and the AMLCO.
SALARY AND BENEFITS
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€36,000 - €40,000 Gross Per Annum
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Salary will be determined based on experience, qualifications, and skills. The advertised salary range is indicative, any offer will reflect the successful candidate’s suitability.
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Salary paid across 16 annual installments.
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Working hours of 08:00–15:30, Monday to Friday.
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Opportunity to join a well-established international banking institution.
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Supportive and professional working environment.
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Ongoing professional development and exposure to a broad range of banking AML and compliance activities.
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Long-term career development within the financial services sector.
Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be contacted.
To apply for this position, please email your CV to
Ross Pitman, ross@grsrecruitment.com quoting the above job reference or call +357 25 342 736 for further information.