Compliance Associate

Compliance Associate

On behalf of our Client, a global leader in online, dynamic verification of identity and financial transactions via regulated e-payment instrument authentication, we are looking for a Compliance Associate to be based at their offices in Nicosia, Cyprus.

Main Duties and Responsibilities

• Ensures Compliance with the Company’s policies and procedures, including, but not limited to: AML/CTF, ABAC, Information security, and data privacy, audit requirements;

• Manages the administration of the initial on-boarding and ongoing operational merchant due diligence and card scheme compliance

• Undertakes due diligence procedures for the onboarding of clients (KYC)

• Ensures merchants are on-boarded according to the Company’s policies and procedures

• Responsible for the process of the applications for the opening of new client accounts into the company’s systems for the Purpose of ‘Know Your Customer’ (KYC)

• Liaises with clients to request, gather, and check completeness of all merchant due diligence data, information and/or documentation required as per Company Procedures

• Verifies the data, documentation / information for purpose of including checks of merchant incorporation status via company house/company registrar, regulators, specialist databases and public access databases

• Manages the identification of significant controllers and beneficial owners

• Identifies and verifies that merchants hold appropriate licensing to operate in their stated industry sectors, particularly those that are sensitive to AML/CFT risks, which may include but is not limited to: licensing status; geographical location and regulatory limitations or enforcement, sanctions imposed and politically exposed persons in control; Industry type; business credibility

• Ensures client status recorded is up to date throughout the client lifecycle from on-boarding through to termination

• Performs the periodic KYC reviews of client accounts

• Amends existing clients accounts in compliance systems

• Updates clients’ records in compliance folders

• Receives and reviews documents and handle filing administration

• Communicates with and supports other departments

• Undertakes any additional or other compliance related duties in accordance with the duties of the Compliance function and the Compliance business

Job Requirements

  • A relevant degree in Finance, Math, Sciences, Law, or similar is necessary
  • Interest in Financial Services and understanding of financial crime risks including: money laundering; terrorist financing, fraud or scams 
  • Experience in client on-boarding, KYC / customer due diligence 
  • Solid analytical, negotiation and problem-solving skills 
  • Fluent in English, both verbal and written
  • Time management skills
  • Ability to communicate effectively with other departments within the Company or externally with our clients and business partners


  • Competitive Salary
  • Private health insurance plan participation
  • Performance Bonus, including a mix of cash and share-based scheme of company stock for outstanding performers 

All CVs will be handled with the utmost confidentiality.