Head of AMLCO & Compliance

Head of AMLCO & ComplianceCyprusFCRM – Escalations /Full Time /Remoteapply for this jobAbout Finom   Finom is a European tech startup headquartered in Amsterdam, and we’re on a journey towards revolutionizing the financial landscape for entrepreneurs worldwide. Our mission is to develop an all-in-one financial B2B solution that integrates banking functions, accounting, financial management, and invoicing into a seamless, mobile-first platform.   We recently closed a €115 million Series C equity round (around $133 million), bringing our total funding to approximately $346 million. This significant investment follows a $105 million growth funding round from General Catalyst, a long-term backer since 2021 known for supporting companies like Airbnb, HubSpot, KAYAK, and Stripe.   Finom's platform goes beyond traditional banking, offering invoicing and a growing suite of features, including AI-enabled accounting, aiming to simplify financial management for entrepreneurs. We're actively expanding our reach across key EU markets like Germany, France, the Netherlands, Italy, and Spain.   At Finom, we’re not just redefining the entrepreneurial experience — we’re empowering our employees to make a real difference. Your work matters, and your impact extends far beyond product metrics. We nurture innovation and an inspiring work environment where bold ideas thrive, prioritizing thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and our business as a whole.   Maintaining our start-up spirit, we prioritize thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and, of course, our business.Role overviewThis 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 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 the CIF 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 clients of the CIF 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 Who you are 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...