EU Seeks Chair for New Anti Money Laundering Authority with €290,000 Annual Salary

The EU has officially advertised for the position of chair of its new Anti Money Laundering Authority (AMLA), offering an annual salary of approximately €290,000. Candidates for this prestigious role must be proficient in two official EU languages and possess at least five years of high-level management experience.

The successful applicant will be appointed for an initial term of four years, with the possibility of a single renewal. The AMLA's headquarters will be located in Frankfurt, a decision confirmed earlier this year.

A notice published in the Official Journal of the European Union stated, “The [AMLA] Chair will be considered on par with a Member of the General Court. His/her salary will be based on grade AD 16, step 3, subject to a multiplication factor equal to 104% of the salary for that grade and step.”

As of 2023, European Commission staff at grade AD 16, step 3 earned a monthly salary of €23,261. The 104% multiplication factor results in an annual salary of approximately €290,000, which is mostly tax-free and includes additional allowances.

The notice outlined the position's requirements as follows:

- At least 15 years of postgraduate professional experience.

- At least five years of experience at a senior level in AMLA-related activities.

- At least five years of high-level management experience.

- A thorough knowledge of one official EU language and a satisfactory knowledge of another.

Interested candidates must register via an online portal, with the registration deadline set for 8 July 2024, at 12:00 noon Brussels time.

Several high-profile candidates are reportedly eyeing this prestigious position. Given Germany's success in securing Frankfurt as the agency's base, it is unlikely that a German national will be chosen for the top role. Instead, candidates from other shortlisted countries such as Spain, France, and Ireland are expected to come forward, sources indicated.

By fLEXI tEAM