AML Officer

payabl. empowers businesses to grow through payments innovation and banking services. Our ambition is to expand our strong portfolio of global financial services we provide to businesses and make them all available in one place on our platform we call payabl.one. As a licensed financial company with principal membership with card schemes, we specialize in global payments and providing businesses with multi-currency accounts.

The role is about:

The AML Officer will support the AML function of the Company, with primary responsibility for transaction monitoring activities and coordination with external vendors and service providers. The role ensures effective identification, assessment, and escalation of suspicious activities, while maintaining compliance with applicable regulatory requirements and internal policies and procedures.

Location: Limassol, Cyprus

Reporting Line: Head of AML/AMLCO

What you will do:  

Transaction monitoring:

• Perform ongoing monitoring of customer transactions to identify unusual or suspicious activity.
• Review alerts generated by transaction monitoring systems and apply risk-based analysis.
• Investigate and document alerts, ensuring appropriate escalation where required.
• Prepare internal suspicious activity reports to the AMLCO (e.g., STR/SARs).
• Ensure timely clearance or escalation of alerts in line with internal policies and procedures.
• Contribute to the review and optimisation of transaction monitoring performance (scenarios, number of alerts, quality of AML rules).

Vendors and internal systems coordination:

• Participate in liaising with AML-related vendors (e.g., screening, monitoring, onboarding systems).
• Liaise with vendors for system enhancements, issues maintenance,  and implementation of new controls.
• Monitor vendor performance against agreed service levels.
• Assist in onboarding and integration of new AML tools and technologies.
• Ensure proper documentation and audit trail of vendor interactions and system changes.

Screening support:

• Support ongoing customer screening (customers, transactions) against applicable sanctions lists.
• Investigate screening alerts and escalate true matches in line with internal procedures.
• Assist in maintaining and updating screening rules and configurations.

Regulatory compliance and reporting:

• Assisting Head of AML/AMLCO and Deputy AMLCO in preparation and submission of various Reports to the Central Bank of Cyprus.
• Support preparation of internal reports, including AML monitoring reports and metrics.
• Participate in cooperation and correspondence with the Company’s banking partners.

Regardless of the assigned duties, tasks, responsibilities, rights, as well as competence and the like, report to the Head of AML/AMLCO any findings she/he needs to be aware of, including, but not limited to:

• findings that may impact the operations and activities of the Company;
• findings that may impact duties, tasks, responsibilities and rights of the Company’s
• employees;
• deviations from the practices and procedures accepted by the Company;
• risks and possible risks of whatever nature and type;
• misconduct by the Company’s employees.
  

Who you are:

• Bachelor’s degree in Finance, Law, Business, or a related field.
• Minimum 1–3 years of experience in AML/CFT, preferably within a payment institution, EMI, or banking environment.
• Experience in customer KYC/Due Diligence, specifically high risk clients and industries
• Experience in transaction monitoring and alert handling is essential.
• Experience working with AML vendors/tools (e.g., screening, monitoring systems, digital onboarding) is considered an advantage.

What we need:

• Strong analytical and investigative skills.
• Attention to detail and strong documentation abilities
• Understanding of AML/CFT regulations and risk-based approach.
• Strong organizational abilities, with the capacity to manage multiple priorities and meet deadlines.
• Good communication and stakeholder management skills.
• AML certifications (e.g. CySEC, ICA, ACAMS) are preferred but not mandatory.
• Excellent command of English.
• Proficiency in Microsoft Office and/or Google Workspace tools
  

The perks of being a payabl.er in Cyprus Office:  

• Future-Proof Your Finances: Once you’ve passed probation, we’ll kickstart your Provident Fund to secure your future. 
• Grow with Us: Annual Learning Budget for professional development (eligible after probation)—because your growth is our growth. 
• Wolt Your Way Through Lunch: €150 monthly Wolt allowance to keep you fueled and happy.
• Stay Active Your Way: Enjoy a SportsBenefits membership giving you access to a wide variety of gyms and sports facilities to support your active lifestyle.
• Drive in Style:  After one year with us, you may be eligible for a company car—performance and availability permitting. 
• Park with Ease: Complimentary parking space just steps from the office, so your commute is as smooth as your workday.
• Max Out Your Downtime: 25 days of vacation + public holidays, plus an additional 10 sick days.
• Shop & Save: Exclusive local discount card + tickets for exciting events like Beonix, basketball games, and more. 
• Speak Like a Local: Join free Greek language classes, twice a week, open to all team members. 
• Celebrate Together: We bring colleagues from all offices together for unforgettable company celebrations.
• Global Collaboration & Events: Opportunities to participate in international company events and initiatives, connecting with colleagues from all regions and contributing to a truly global community

🚀 Our Hiring Process:

1. TA Interview: Conducted by the Talent Acquisition team (35 min).
2. Technical Assessment: A technical test will be sent to assess you AML knowledge.
3. Final Interview: Conducted by the Head of AML/AMLCO & the Group Chief AMLCO (45 min).

Let's embark on a journey to redefine the landscape of payments together. We're not just offering a role; we're inviting you to be a part of something bigger. Join our team, and let's innovate, disrupt, and lead the future of payments. Together, we can make an impact that resonates. Welcome to the team! 

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