AML / Compliance Officer

Company / Client Overview

On behalf of our client, a well-established professional services firm based in Nicosia, we are seeking to recruit an experienced AML / Compliance Officer to join their team.

The firm operates within a highly regulated professional environment and places strong emphasis on regulatory compliance, risk management, corporate governance, ethical standards, and client due diligence.

This is an excellent opportunity for an experienced compliance professional who is looking to take ownership of AML and regulatory matters and contribute to the continuous development of the organisation’s compliance framework.

Role Overview

The successful candidate will be responsible for ensuring that the company’s operations and activities comply with applicable Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), KYC, corporate, data protection, and regulatory requirements.

The role includes monitoring the implementation of AML policies and procedures, conducting client risk assessments and periodic reviews, reviewing KYC documentation, preparing regulatory and internal reports, identifying potential compliance weaknesses, and advising Management and the Board of Directors on relevant compliance matters.

The ideal candidate will combine strong regulatory knowledge with excellent judgement, attention to detail, integrity, and the ability to apply compliance requirements practically and consistently.

Key Responsibilities

• Ensure that the company’s operations and activities comply with applicable laws, regulations, regulatory directives, and internal policies relating to Money Laundering and Terrorist Financing.
• Regularly review, assess, monitor, and report on compliance matters and ensure appropriate follow-up actions are implemented.
• Design, develop, and maintain internal practices, procedures, measures, and controls relating to the prevention of ML and TF, in line with the policies approved by the Board of Directors.
• Monitor and assess the effective implementation of the company’s AML policies and procedures.
• Establish and apply appropriate compliance monitoring mechanisms.
• Identify weaknesses, deficiencies, or gaps in existing procedures and controls and recommend appropriate corrective actions.
• Review and evaluate information relating to suspicious or higher-risk activity and prepare reports to MOKAS, ICPAC, or other relevant authorities where appropriate.
• Prepare monthly, annual, and other required compliance reports for submission to Management and the Board of Directors.
• Review KYC and due diligence documentation for new and existing clients.
• Assess client business activities, ownership structures, source of funds, transactions, and overall compliance risk.
• Classify clients according to risk level, including High, Medium, and Low Risk, and provide recommendations regarding client acceptance or rejection.
• Ensure periodic client file reviews are performed according to the applicable risk classification and internal procedures.
• Ensure KYC documentation, due diligence records, and client information remain complete, accurate, and up to date.
• Monitor higher-risk clients and transactions and ensure enhanced due diligence is applied where required.
• Review transactions and client activity for potential AML or compliance concerns.
• Provide guidance and support to internal departments on AML, KYC, compliance, GDPR, and other regulatory matters.
• Liaise with regulatory authorities, external advisors, auditors, and other relevant stakeholders when required.
• Monitor regulatory developments and changes to AML, corporate, GDPR, and related legislation.
• Ensure that internal policies and procedures are updated to reflect relevant legislative and regulatory changes.
• Maintain the required Continuing Professional Development (CPD) and remain up to date with developments in AML and compliance.
• Support the development and delivery of compliance awareness and AML training within the organisation.
• Promote a strong culture of ethics, integrity, compliance, and professional responsibility throughout the organisation.
• Perform any additional compliance-related duties assigned by Management or the Board of Directors.

Requirements

• University degree in Law, Business Administration, Finance, Accounting, or another relevant field.
• Relevant AML certification is required.
• Minimum 3 years of relevant professional experience in AML, Compliance, KYC, regulatory compliance, or a similar position.
• Strong knowledge and practical application of AML legislation and regulatory requirements.
• Strong understanding of KYC, Customer Due Diligence, Enhanced Due Diligence, and client risk assessment procedures.
• Very good knowledge of Company Law and related corporate compliance requirements.
• Practical experience reviewing client transactions and identifying potential compliance or AML risks.
• Good knowledge of GDPR and other relevant regulatory requirements.
• Familiarity with regulatory reporting requirements and interaction with authorities such as MOKAS and ICPAC will be considered a strong advantage.
• Excellent command of Greek and English, both written and spoken.
• Excellent knowledge of Microsoft Office.
• Strong analytical and risk-assessment skills.
• Excellent attention to detail and accuracy.
• Strong organisational and time-management abilities.
• Ability to manage multiple priorities and regulatory deadlines simultaneously.
• Excellent communication and teamwork skills.
• Proactive, resourceful, and solution-oriented approach.
• Ability to work effectively under pressure.
• Strong professional judgement and decision-making skills.
• High level of integrity, confidentiality, ethics, and professional standards.

What the Company Offers

• Monthly gross salary range 1700-1900, based on experience, qualifications, and professional background.
• Full-time and stable employment within a well-established professional services environment.
• Opportunity to take significant ownership of AML and compliance matters.
• Direct exposure to senior Management and the Board of Directors.
• Involvement in complex client risk assessments and regulatory matters.
• Continuous professional development and support with relevant AML and compliance training.
• Exposure to corporate, AML, KYC, GDPR, and regulatory compliance matters.
• Professional and collaborative working environment.
• Long-term career development opportunities within the organisation.

Last but not least, at DART Recruitment 🎯 we are by your side every step of the way, offering support, guidance and complete confidentiality throughout your career journey.