Sanctions Compliance Officer

Sanctions Compliance Officer plays a key role in safeguarding the bank against sanctions and financial crime risks by providing independent oversight, expert advice, and decision-making on complex cases. The role involves reviewing sanctions escalations, supporting high-risk customer onboarding and ongoing monitoring, and making informed decisions on potential sanctions breaches, including reporting to relevant authorities. Additionally, the role supports effective risk management by advising on complex cases, monitoring regulatory changes, and driving continuous improvement in AML/CFT and sanctions practices across the organization.

• Independently review and make decisions on Sanctions risk-related escalations received from other bank units (First Line of Defence)
• Prepare and submit reports on Sanctions-related suspicious transactions and activities to National Competent Authorities, and recommend risk-mitigating actions to be applied to reported customers
• Escalate specific Sanctions risk-related cases to the Group AML/CFT and Sanctions Compliance Officer or Sanctions Area Lead, as defined in internal regulations
• Participate in Customer Risk Committees and provide Compliance opinions on clients’ risk exposure and required risk mitigation measures
• Perform self-quality assurance and control testing activities, ensuring that processes and controls in the Sanctions area are properly designed and operationally effective
• Contribute to the creation and maintenance of Sanctions-specific training program, and deliver training to relevant stakeholders
• Monitor changes in Sanctions regimes and regulatory requirements applicable to the Bank (including developments in national, European Union, United Nations, United States, and United Kingdom sanctions), as well as sanctions-related market trends and typologies, evaluate their application, and prepare proposals for process improvements
• Contribute to the development of Sanctions-related controls, and propose development or change requests for systems and tools
• Contribute to a positive working environment by taking a constructive approach in cooperation with colleagues, providing honest feedback and relevant suggestions, and supporting high performance within the unit
• Perform other tasks relevant to the role

• 2+ years of experience in years in Sanctions area. Certification in Sanctions (CGSS or similar) area would be considered as an advantage
• Profound awareness of Baltic and European regulatory requirements related to banking and financial services in general
• Strong knowledge of OFAC, UKHMT, UNSC, EU and national sanctions regimes and respective reporting requirements
• Strong knowledge and experience of best practices in managing AML/CFT/CFP and Sanctions risks associated with the bank business model
• High understanding of ML/TF/PF and Sanctions typologies
• Strong business process management skills with an initiative to learn quickly new tasks
• Thoroughness, accuracy and accountability with analytical thinking and ability to make decisions in an organized and structured working style
• Good cross-functional and cross border cooperation skills having good communication and presentation skills, both verbal and writing
• Impeccable reputation, high integrity and ethical standards
• Higher education in Law, Economics, Business Management, Finance or similar field
• Fluent English and Lithuanian is required in spoken and written communication due to working on the Pan-Baltic level

• Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
• International teams. Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun
• Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored
• More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
• Wellbeing. Access to tools and resources that help you feel good and be productive at work and in life
• Professional growth. Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
• Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor