Role Overview

payabl. empowers businesses to grow through payments innovation and banking services. 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

Reports to: 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: Assist 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.
Miscellaneous: Regardless of assigned duties, report to the Head of AML/AMLCO any findings that may impact operations, duties, and rights, including deviations from accepted practices, risks, and misconduct.

Who you are

Bachelor’s degree in Finance, Law, Business, or 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, especially high-risk clients and industries
Experience in transaction monitoring and alert handling
Experience working with AML vendors/tools is an advantage
Strong analytical and investigative skills; attention to detail; good documentation
Understanding of AML/CFT regulations and risk-based approach
Strong organizational, communication, and stakeholder management skills
Proficiency with Microsoft Office or Google Workspace
AML certifications (e.g., CySEC, ICA, ACAMS) preferred but not mandatory

Benefits (Cyprus Office)

Provident Fund after probation
Annual Learning Budget for professional development
€150 monthly meal allowance
SportsBenefits membership for gym access
Company car after one year (subject to conditions)
Complimentary parking
25 days vacation + public holidays, plus 10 sick days
Local discounts and event tickets
Free Greek language classes
Global company events and collaboration opportunities

Hiring Process

First Interview: 30-minute chat with Talent Acquisition Partner
Second Interview: 1-hour deep-dive with Head of AML
Final Interview: 30-minute session with Group Chief AML Officer and Head of AML

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AML Officer