Head of AMLCO – Compliance

This is a fully remote position, open to applicants in Cyprus.

📋 Description

• Serve as the designated Compliance Officer and AML Compliance Officer for CIF, representing the company before CySEC.

• Establish reporting requirements and prepare, review, and submit necessary regulatory reports to CySEC (e.g., Annual Compliance Report, Annual AML Report).

• Evaluate and approve marketing materials, publications, and client communications to ensure adherence to MiFID II standards.

• Supervise the management of client complaints and handle escalations to the Financial Ombudsman.

• Function as the Money Laundering Reporting Officer in Cyprus.

• Own and uphold Cyprus-specific Customer Due Diligence (CDD) and Transaction Monitoring (TM) policies and procedures.

• Assess escalations of intricate, high-risk cases from the First Line of Defense (1LOD).

• Provide insights into financial crime specific to Cyprus and translate these into enhancements for FINOM’s TM and CDD risk engine.

• Lead special departmental projects (e.g., vendor initiatives, CDD geographic expansion).

• Carry out additional responsibilities to enhance operational efficiency, as required or assigned by management.

• Oversee and manage the KYC reliance arrangement between the CIF and FINOM (as per Article 31 of Cyprus AML Law).

• Collaborate with Control Testing and Quality Assurance teams to ensure that FINOM’s 1LOD processes comply with CySEC standards for CIF clients.

• Offer practical guidance, manuals, and procedures for 1LOD, 2LOD escalations, and Risk Management teams.

• Design and deliver essential internal AML and Compliance training programs for staff.

⛳️ Requirements

• Must be a resident of Cyprus and currently residing in Cyprus.

• Holder of the CySEC Advanced Certificate **and** CySEC AML Certificate.

• 3–5 years of demonstrated experience in a 2nd Line of Defense (Compliance/AML) position within a CySEC-regulated Cyprus Investment Firm (CIF).

• Strong understanding of Cyprus AML legislation, CySEC directives, and the EU MiFID II framework.

• Detail-oriented, highly motivated self-starter with robust analytical and critical thinking abilities.

• Start-up mindset: proactive, results-oriented, and capable of working independently with minimal supervision.

• Business-enabling mindset, steering clear of a restrictive “Compliance says No” approach.

• Critical thinker who questions the status quo and devises innovative, practical solutions.

• Excellent communication skills, able to articulate complex compliance concepts clearly and succinctly.

• Comfortable interacting with stakeholders at various seniority levels.

• Capable of presenting ideas in a straightforward, practical manner to non-compliance professionals.

• Languages: Business proficiency in English; additional fluency in Greek is a plus.

🏝️ Benefits

• Make a genuine impact on the product.

• Join our upward trajectory and grow alongside us.

• Enjoy the flexibility of traveling and working remotely or in a hybrid model across Europe.

• Unlock your entrepreneurial potential and align your goals with ours through our Stock Options Program.

• Receive unwavering support and care at every step.

• Immerse yourself in our exclusive Work & Swim Program in Cyprus.

• Equal opportunity employer that values diversity.