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 business 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. With offices located in Frankfurt, Amsterdam, Limassol, and London, we are currently undergoing significant expansion and are looking for an AML Officer to join our team in Limassol.

This role is about:

As the Anti-Money Laundering (AML) Officer at payabl., you will play a pivotal role in preventing and detecting potential money laundering activities. Reporting to the Head of AML/AMLCO, you will be instrumental in safeguarding our operations against the risks associated with illegal activities. Your vigilance and strategic approach to identifying and performing due diligence on our merchants will serve as a critical line of defense against financial crimes.

You will:

• Execute comprehensive monitoring activities within the AML Department, focusing on client transactions to prevent illicit conduct.
• Proactively identify, assess, and devise strategies for mitigating risks related to criminal activities, fraud, and other illegal operations within the company.
• Utilize various tools, software, and data sources to analyze financial transactions, customer profiles, and behavior to identify unusual patterns, red flags, and potential sanctions breaches.
• Prepare and submit internal suspicious activity/transactions reports (SARs/STRs) to the AMLCO.
• Ensure the integrity and confidentiality of customer data within company databases, promptly updating any relevant customer information.
• Communicate compliance requirements effectively across the organization to ensure all employees are informed of their responsibilities.
• Collaborate with other employees and representatives of the Company to achieve objectives.
• Create, store, and maintain customer files, ensuring identification and due diligence of customers and fulfillment of KYC provisions.
• Check and verify documents and information required for the identification and due diligence of customers and verification of their rights.
• Perform ongoing screening of existing clients.
• Implement and perform the AML/CTF related regulatory and statutory requirements, including the requirements of the Central Bank of Cyprus and the best standards and practices, within the Company.

What we need:

• Degree in Business, Risk, Finance, or a related field.
• Prior experience in a role regulated by the Central Bank of Cyprus is highly desirable.
• Experience working within Central Bank regulations.
• A minimum of one year of experience within the acquiring industry or alternative payment methods (APMs).
• Background in Anti-Money Laundering (AML) practices is a significant advantage.
• Experience in working with e-commerce merchants.
• Familiarity with client risk assessment tools.
• Hands-on experience in the full scope of merchant support, including onboarding, transaction review, and ongoing monitoring.
• Proven ability to handle high volumes of requests efficiently.
• Strong multi-tasking capabilities, with the ability to adapt quickly to a dynamic and constantly changing environment.
• Analytical mindset with meticulous attention to detail.
• Proficient in written communication and negotiation skills.
• Strong written and verbal communication skills in English.
• Commitment to ethical integrity and professional conduct.
• Ability to stay updated with regulatory changes and evolving financial crime tactics.
• AML certification is beneficial, or a commitment to obtaining certification in the near future.

The perks of being a payabl.er:

• 🚗 Drive in Style: After your probation, a sleek company car is all yours at the soonest availability.
• ⏳ Future-Proof Your Finances: Jump on board, and after your probation period, we'll kickstart your Provident Fund.
• 🌱 Grow Without Limits: Our environment is all about nurturing your talents and fueling your ambition with endless opportunities for professional development.
• 🗣️ Speak Like a Local: Greek language classes, offered twice a week for all team members.
• 💳 Shop and Save: Get exclusive access to a discount card at various local businesses.
• 🌍Thrive in a multicultural workplace that celebrates diversity and values your unique contributions. Here, every perspective is appreciated, and every voice is heard.
• Lead the Charge in Pioneering Projects: Be at the forefront of innovation by playing a key role in groundbreaking projects.
• 🏝 Max Out Your Downtime: With 25 days off plus public holidays, and an extra 10 days for when you're under the weather, we make sure you have ample time to relax, recharge, and return brighter.
• 📚 Support for Your Educational Aspirations: We're here to support your educational pursuits because we believe in investing in your growth.
• 🍔 Wolt Your Way Through Lunch: Enjoy a Wolt lunch allowance of €150 per month.

Ready to Join Us?

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!

If this role seems like a good match, please submit your resume all applications are treated with the strictest confidentiality. Please note that we may keep your CV for a period of one (1) year for future relevant job opportunities. For more information about how we process your data please see our privacy policy at https://www.payabl.com/privacy-policy