Head of AMLCO & Compliance
Role overview
This is a unique leadership role. You will act as the designated Head of AMLCO & Compliance for a CySEC-regulated investment firm (CIF), while simultaneously collaborating with FINOM ’s operations. You will be ensuring regulatory adherence, bridging operations between the CIF and FINOM FinCrime Risk Management Team via a KYC reliance model, and driving a business-enabling compliance culture.Act as the approved Compliance Officer and AMLCO for CIF, representing the firm before CySEC
Define reporting requirements and prepare, review, and submit mandatory regulatory reports to CySEC (e.g., Annual Compliance Report, Annual AML Report)
Review and approve marketing materials, publications, and client communications to ensure compliance with MiFID II
Oversee handling of client complaints and manage escalations to the Financial Ombudsman
Act as the MLRO in Cyprus
Own and maintain Cyprus-specific CDD and Transaction Monitoring (TM) policies and procedures
Review escalations of complex, high-risk cases from the 1st Line of Defense (1LOD)
Participate in risk assessment cycles and product risk approvals
Provide Cyprus-specific financial crime insights and translate them into improvements for FINOM’s TM and CDD risk engine
Lead ad hoc departmental projects (e.g., vendor initiatives, CDD geo-expansion)
Perform additional duties to support operational efficiency, as needed or assigned by management
Oversee and control the KYC reliance arrangement between Aksys and FINOM (per Article 31 of Cyprus AML Law)
Collaborate with Control Testing & Quality Assurance teams to ensure FINOM’s 1LOD processes meet CySEC standards for Aksys clients
Provide practical guidance, manuals, and procedures for 1LOD, 2LOD escalations, and Risk Management teams
Design and deliver mandatory internal AML and Compliance training programs for staff
Must be a resident of Cyprus and currently living in Cyprus
Holder of the CySEC Advanced Certificate and CySEC AML Certificate
3–5 years of proven experience in a 2nd Line of Defense (Compliance/AML) role within a CySEC-regulated Cyprus Investment Firm (CIF)
Strong knowledge of Cyprus AML legislation, CySEC directives, and the EU MiFID II framework
Detail-oriented, highly motivated self-starter with strong analytical and critical thinking skills
Start-up mindset: proactive, results-driven, and able to work independently with minimal supervision
Business-enabling mindset, avoiding a restrictive “Compliance says No” approach
Ability to empower the business while maintaining regulatory integrity
Critical thinker who challenges the status quo and develops innovative, practical solutions
Strong communication skills, with the ability to explain complex compliance concepts clearly and concisely
Comfortable engaging with stakeholders across different seniority levels
Able to present ideas in a simple, practical manner to non-compliance professionals
Languages
English AND Greek – full working proficiency
This is a unique leadership role. You will act as the designated Head of AMLCO & Compliance for a CySEC-regulated investment firm (CIF), while simultaneously collaborating with FINOM ’s operations. You will be ensuring regulatory adherence, bridging operations between the CIF and FINOM FinCrime Risk Management Team via a KYC reliance model, and driving a business-enabling compliance culture.
Responsibilities
Who you are
Languages
English AND Greek – full working proficiency
What do we offer?
We offer a collaborative and flexible work environment, open and transparent communication, a chance to contribute and implement your own ideas and solutions, possibility to work remotely, competitive salaries, and an opportunity to become a part of a unique success story of a challenger bank.
