Our client, a fast-growing and innovative payments organization in Limassol is working in partnership with GRS Recruitment to hire an ambitious and experienced AML/CFT & Sanctions Compliance professional to play a key role in strengthening the company’s Compliance and Risk Management Framework while supporting the launch of new products and services. The successful candidate will have the opportunity to influence critical compliance initiatives, engage with senior stakeholders, navigate complex regulatory developments, and contribute to a culture of integrity, accountability, and excellence. This role is ideal for a driven professional with deep expertise in the payments industry who is ready to take the next step toward a leadership position within a dynamic and forward-thinking environment.
MAIN DUTIES AND RESPONSIBILITIES
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Assist the AMLCO in the design, development and implementation of the company’s Compliance and Risk Management Framework in line with the requirements of the AML Law, the Central Bank of Cyprus AML Directive (2025), Card Scheme programs, and benchmark authorities.
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As part of the 2nd Line of Defense, review onboarding applications of high risk customers to ensure their completeness and compliance in accordance with the company’s Compliance and Risk Management Framework.
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Address questions and concerns raised by the 1st Line of Defense and act as the main point of contact for 1 st Line of Defense teams.
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Perform assurance reviews to assess the company’s level of compliance with the requirements of the Compliance and Risk Management Framework.
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Review new and/or amended AML/CFT and Sanctions regulatory requirements (e.g. EU Regulations, CBC Directives, EBA Guidelines, AMLA, FATF publications, etc.) and recommend appropriate actions to the AMLCO to ensure the company meets its regulatory obligations.
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Ensure that the company remains on track with planned improvements, audit plans, training programs, assurance activities, implementation plans and compliance targets.
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Cooperate with the Financial Crime Team to review suspicious activities, conduct investigations and prepare findings summaries for the AMLCO.
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Review internal SARs/STRs raised by the 1 st Line of Defense, conduct investigations and make recommendations for external reporting to the FIU (MOKAS).
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Support the AMLCO during internal and external audit activities.
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Review and test internal controls to assess their effectiveness and efficiency, and recommend appropriate remedial actions to the AMLCO where shortcomings are identified.
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Assist in the preparation and delivery of AML/CFT and Sanctions compliance training programs.
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Ensure that sector-specific compliance policies and procedures remain relevant, effective and aligned with current regulatory requirements.
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Support the AMLCO in the development and rollout of the compliance infrastructure required to support new financial products and services.
CANDIDATE PROFILE
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5+ years of AML/CFT and Sanctions compliance experience within Payment Institutions or Electronic Money Institutions regulated by the Central Bank of Cyprus is a must.
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An excellent understanding of the CNP acquiring business and Card Scheme rules.
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Demonstrable experience in handling High Integrity Risk Merchants (HIRMs) and a thorough understanding of the associated risks.
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Demonstrable experience in reviewing onboarding applications as part of the 2nd Line of Defense.
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CAMS, CGSS or equivalent certification from an accredited institution.
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Strong ability to identify, understand and translate emerging regulatory requirements into actionable compliance obligations.
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Excellent analytical, investigative and critical thinking skills.
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Strong organizational skills and attention to detail, with the ability to manage multiple workstreams simultaneously.
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Ability to work under pressure and meet deadlines.
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A driven compliance professional with a clear ambition to grow into a leadership role.
COMPANY BENEFITS
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Provident Fund after probation
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Employee Medical Insurance after probation
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Hybrid Work Model after probation
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Flexible Working Hours
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CPDs, Seminars and Subscriptions paid
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Daily lunch from Monday to Thursday and happy hour on Friday.
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
Ioulia Ananikidou, ioulia@grsrecruitment.com quoting the above job reference or call +357 25 342 729 for further information.