Alliance for Recruitment Compliance Officer, 2024-05-09

Compliance Officer

Job Description

Ensuring that the company adheres and complies with the laws and regulations of Lithuania, regulatory guidelines, internal policies and procedures;
Ensuring that the employees, managers, and Board of Directors are provided with updates on changes in regulatory requirements on a regular and case to case basis (when necessary);
Identifying and assessing the compliance risks of the company, assisting employees and managers in mitigation of these risks;
Building compliance culture in the company, conducting related compliance trainings to the employees, ensuring that the company acts in a legal and ethical manner;
Be responsible for development and implementation of the risk management policies, procedures, and compliance monitoring plans;
Manage and supervise customer onboarding, customer due diligence, and enhanced due diligence function;
Manage and supervise customer transaction monitoring;
Assist MLRO with the AML/CTF/sanctions violation investigations;
Assist MLRO with the provision of the information under RFI from partner banks and payment services providers;
To the extent necessary to ensure compliance of the company’s activities with laws, communicating with and representing the company at relevant state authorities, including but not limited to the Bank of Lithuania;
Developing and monitoring control systems to prevent or deal with violations of internal policies and procedures, and legal acts;
Evaluating the efficiency of controls and improving them continuously;
Supervision of the outsourcing agreements concluded by the company;
Providing legal advice and guidance on matters of law, reviewing and drafting legal documents, legal risk management, conducting negotiations on behalf of the company and ensuring the company’s legal compliance;
Preparing and filing regulatory reports;
Participate in configuring compliance related technology solutions;
Participate in the design and configuration of the new products or services of the company to ensure compliance;
Performing other functions and tasks specified in other internal documents of the company.

Requirements

Previous experience in similar role, preferably in the banking/electronic money/payment processing sector;
Fitness and probity for the purposes of carrying regulated activities;
Legal full-time resident in Lithuania for the purposes of employment;
Experience in Customer Onboarding ;
ACAMS, ICA, or equivalent certificate in AML/CTF compliance – is an advantage;
Higher education – is an advantage;
Good English language skills.