AML Officer (Monitoring)

We are seeking an AML Monitoring Officer to support the AML function, with a primary focus on transaction monitoring, alert handling, and vendor coordination.

This role plays a key part in identifying and assessing suspicious activity, ensuring timely escalation, and maintaining compliance with applicable regulatory requirements and internal policies. The position will also support the optimization of monitoring systems and collaboration with external AML vendors.

Location: Hybrid, Limassol, Cyprus 

Reporting to: Head of AML/AMLCO

What you will do:  

• Perform ongoing monitoring of customer transactions to identify unusual or suspicious activity

• Review and assess alerts generated by transaction monitoring systems using a risk-based approach

• Investigate and document alerts, ensuring appropriate escalation where required

• Prepare internal suspicious activity reports (e.g. STRs/SARs) to the AMLCO

• Ensure timely clearance or escalation of alerts in line with internal procedures

• Contribute to optimization of monitoring scenarios, alert volumes, and rule effectiveness

• Support system enhancements, issue resolution, and implementation of new controls

• Monitor vendor performance against agreed service levels

• Assist in onboarding and integration of new AML technologies

• Maintain proper documentation and audit trails for system changes and vendor interactions

• Support ongoing screening of customers and transactions against sanctions lists

• Investigate screening alerts and escalate true matches

• Assist in maintaining and updating screening configurations and rules

• Support the Head of AML/AMLCO in preparing reports to the Central Bank of Cyprus

• Assist in internal AML reporting, including monitoring metrics and analysis

• Support communication with banking partners where required

• Escalate any findings, risks, or deviations from procedures to the AMLCO

What we need:

• Bachelor’s degree in Finance, Law, Business, or a related field

• 1–3 years of experience in AML/CFT, ideally within a payment institution, EMI, or banking environment

• Hands-on experience in transaction monitoring and alert handling (essential)

• Strong analytical and investigative mindset

• High attention to detail and strong documentation skills

• Good understanding of AML/CFT regulations and risk-based approach

• Strong organizational skills with ability to manage multiple priorities

• Effective communication and stakeholder management

• Proficiency in Microsoft Office and/or Google Workspace

• Excellent command of English

• Experience with AML tools/systems (screening, monitoring, onboarding) is an advantage

• AML certifications (e.g. CySEC, ICA, ACAMS) is an advantage

The perks of being a payabl.er: 

• 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 (after probation)—because your growth is our growth. 

• Wolt Your Way Through Lunch: €150 monthly Wolt allowance to keep you fueled and happy.

• 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 to rest when needed.

• 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: Twice a year, 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.