Deputy AMLCO

Pay.com is looking for a Deputy AMLCO to join our dynamic and growing compliance team in Limassol. The successful candidate will report directly to the AMLCO, supporting Pay.com's initiatives and obligations in relation to its Compliance and Risk Management Framework.

Responsibilities:

• Assist the AMLCO in the design, development and implementation of Pay.com's Compliance and Risk Management Framework in line with the requirements of the AML Law, the Central Bank of Cyprus AML Directive (2025), Card Scheme programs, and benchmark authorities.
  
• As part of the 2nd Line of Defense, review onboarding applications of high risk customers to ensure their completeness and compliance in accordance with Pay.com's Compliance and Risk Management Framework.
• Address questions and concerns raised by the 1st Line of Defense and act as the main point of contact for 1 st Line of Defense teams.
• Perform assurance reviews to assess Pay.com's level of compliance with the requirements of the Compliance and Risk Management Framework.
• Review new and/or amended AML/CFT and Sanctions regulatory requirements (e.g. EU Regulations, CBC Directives, EBA Guidelines, AMLA, FATF publications, etc.) and recommend appropriate actions to the AMLCO to ensure Pay.com meets its regulatory obligations.
• Ensure that Pay.com remains on track with planned improvements, audit plans, training programs, assurance activities, implementation plans and compliance targets.
• Cooperate with the Financial Crime Team to review suspicious activities, conduct investigations and prepare findings summaries for the AMLCO.
• Review internal SARs/STRs raised by the 1 st Line of Defense, conduct investigations and make recommendations for external reporting to the FIU (MOKAS).
• Support the AMLCO during internal and external audit activities.
• Review and test internal controls to assess their effectiveness and efficiency, and recommend appropriate remedial actions to the AMLCO where shortcomings are identified.
• Assist in the preparation and delivery of AML/CFT and Sanctions compliance training programs.
• Ensure that sector-specific compliance policies and procedures remain relevant, effective and aligned with current regulatory requirements.
• Support the AMLCO in the development and rollout of the compliance infrastructure required to support new financial products and services.

Qualifications:

• 5+ years of AML/CFT and Sanctions compliance experience within Payment Institutions or Electronic Money Institutions regulated by the Central Bank of Cyprus (must).
• An excellent understanding of the CNP acquiring business and Card Scheme rules.
• Demonstrable experience in handling High Integrity Risk Merchants (HIRMs) and a thorough understanding of the associated risks.
• Demonstrable experience in reviewing onboarding applications as part of the 2nd Line of Defense.
• CAMS, CGSS or equivalent certification from an accredited institution.
• Strong ability to identify, understand and translate emerging regulatory requirements into actionable compliance obligations.
• Excellent analytical, investigative and critical thinking skills.
• Strong organizational skills and attention to detail, with the ability to manage multiple workstreams simultaneously.
• Ability to work under pressure and meet deadlines.
• A driven compliance professional with a clear ambition to grow into a leadership role.

What we offer:

• Flexible working hours.
• Career Growth, we support professional development with ongoing learning and clear paths to learning.
• Medical Insurance coverage after completing the probation period.
• Provident fund after completing the probation.
• Daily lunch from Monday to Thursday, and happy hour on Friday.
• Work Balance between the office and home.