Job Description
The MLRO falls under the Governance, Risk & Compliance Function which purpose is to assist senior management to effectively manage designated risks and to support the business by being an expert trusted advisor, overseeing a robust, integrated and effective risk control framework.
The MLRO supports the VP, Group Head of Compliance in delivery, maintenance and improvement of the compliance-risk control framework for the Earthport Group, with particular jurisdictional accountability for the Bank of Lithuania authorised entity, and by extension, any and all obligations related to that authorisation, across the pass-porting area. S/he is as a conduit between the European authorised business entity and any group functions, being both a contributor to and a recipient of, policy, procedure & guidance related to regulatory compliance and financial crime management areas.
Focus is on the following:
- support, assist and enable the VP, Group Head of Compliance;
- manage the internal and external suspicious activity reporting regime; including also periodic regulatory reporting requirements
- provide management, leadership and direction to Group Compliance FTEs, with particular emphasis on Diligence, AML, ABC, Sanctions/CTF & Transaction Monitoring;
- support the resolution of all Regulatory Compliance & Financial Crime issues, queries and concerns, raised both internally and externally;
- performing a continuous cycle of shaping and developing the compliance risk-control framework;
- conducting and/or overseeing compliance monitoring reviews and audits;
- promoting and providing advice on best compliance practice within critical business areas;
- other ad hoc project work as may be reasonably required in pursuit of the role
Requirements
- Minimum of five years working within financial services; three of those – working in a Compliance area;
- understanding of regulatory and financial crime risks and legislative regimes related to international payments and financial services, particularly Lithuanian laws and requirements;
- understanding of risk, risk assessment, control frameworks and risk mitigation;
- fluent Lithuanian & English (oral and written);
- excellent communication skills, both written and oral;
- flexible problem-solving attitude;
- self-starter with high level of initiative and autonomous working style
Nice to have:
- experience & understanding of remittance environment, businesses, process flows etc.;
- previous experience in payments processing (preferably – within a bank);
- previous line management experience.
Company offers
- Job in multicultural environment
- Positive compliance culture and approachable/friendly team
- Challenges while managing wide scope international projects
- Career opportunities; significant responsibility if proven capable
- Growing and developing company going through positive change
