A licensed financial services firm based in Larnaca is seeking a highly experienced and qualified Head of Compliance / AMLCO (Anti-Money Laundering Compliance Officer) to lead its Compliance and Anti-Money Laundering/Counter-Terrorist Financing (AML/CFT) functions. The successful candidate will ensure full compliance with applicable laws and regulatory frameworks, particularly CySEC directives, AML legislation, EU Sanctions Regulations, and other relevant national and EU-level regulations. This role involves acting as the officially appointed AML Compliance Officer (AMLCO) and serving as the primary point of contact with competent authorities. The role reports directly to the Board of Directors
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Ensure full regulatory compliance with, CySEC directives, and all relevant EU/national regulations applicable to financial services.
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Act as the main liaison with regulatory bodies on all compliance-related matters, including audits, inspections, and correspondence.
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Oversee regulatory reporting processes, including timely submission of required reports and filings to CySEC and other authorities.
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Maintain and execute a comprehensive Compliance Monitoring Programme to ensure effective oversight of regulatory obligations.
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Develop, implement, and regularly update internal compliance policies and procedures.
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Ensure strong internal governance controls, including management of conflicts of interest, recordkeeping, outsourcing due diligence, and other risk-related matters.
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Act as the officially appointed AMLCO, responsible for the implementation and effectiveness of all AML/CFT activities.
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Maintain and regularly review the AML/CFT framework, including transaction monitoring and control procedures.
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Conduct the Business-Wide Risk Assessment (BWRA) and implement risk mitigation measures.
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Establish, manage, and monitor robust KYC, CDD, and EDD processes in line with legal and internal requirements.
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Oversee client onboarding, including high-risk cases and politically exposed persons (PEPs), ensuring appropriate due diligence and documentation.
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Identify and investigate suspicious activity; file Suspicious Transaction Reports (STRs) as necessary and maintain proper audit trails.
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Ensure effective implementation of EU and international sanctions screening processes.
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Maintain up-to-date knowledge of applicable sanctions (EU, UN, OFAC) and coordinate responses to any potential sanctions matches.
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Draft, review, and maintain internal policies and procedures to reflect current regulatory standards and operational needs.
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Coordinate periodic internal reviews and annual policy updates.
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Provide expert regulatory guidance across departments, particularly on compliance, AML/CFT, and sanctions.
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Deliver regular and ad hoc compliance training programs for employees.
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Foster a strong culture of compliance throughout the organization.
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Prepare and submit the annual AMLCO Report to the Board and CySEC.
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Conduct internal compliance reviews, testing, and audits to ensure policy adherence.
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Maintain compliance registers (e.g., breaches, STRs, client risk levels).
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Report compliance and AML matters to the Board and escalate material risks or breaches to the appropriate authorities.
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CySEC Advanced Certification – Mandatory
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CySEC AML Certification – Mandatory
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Proven experience as Head of Compliance, AMLCO, or in a senior compliance role within the financial services or regulated sectors.
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In-depth knowledge of CySEC directives, AML/CFT legislation, and EU Sanctions regulations.
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Strong understanding of financial services regulatory frameworks and compliance best practices.
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Experience managing regulatory interactions, inspections, and enforcement inquiries.
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Excellent knowledge of KYC/CDD/EDD, transaction monitoring, and risk-based compliance programs.
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Fluent in English; fluency in Greek is considered an asset.
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Strong analytical, organizational, and leadership skills.
Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be responded to.