Money Laundering Reporting Officer

Lithuanian Fintech startup with focus in Financial services is currently looking to recruit MLRO to manage and maintain the AML function. Answering directly through to the Head of Compliance, the roles remit will firstly be to support and protect the business against Fraud and Money Laundering Risk, Internal Fraud, Security and related reputational risk and secondly to ensure a swift and effective detection of money laundering activity and embed anti money laundering legislation, rules and guidance throughout the business.

The scope of this role is very broad and encompasses a wide variety of tasks and responsibilities. Duties will include the following:
· Manage and maintain a cost effective AML/CTF function supporting and protecting the business against Fraud and Money Laundering Risk, Internal Fraud, Security and related reputational risk ensuring that the needs of all stakeholders are met
· Form and update AML/CTF/KYC Policies and Rules
· Organise Personnel training on AML/CTF related issues
· Manage and set departmental and individual goals and targets for the AML KYC specialists;
· Responsible for anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance
· Responsible for the development, implementation and maintenance of an effective tactical and strategic anti-money laundering program
· Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws, regulations and rules and that the AML program is updated, as required, in light of changes to local laws, regulations and rules
· Develop and manage a regular monitoring and reporting process to inform senior management, the audit committee and the board, as necessary and required
· Ensure that all activity and transactions that are identified as potentially suspicious are investigated, reviewed and resolved in accordance with established procedures
· To personally manage and where appropriate carry out high profile/sensitive investigations
· Establish and maintain liaison with local/county/regional and international financial industry representatives to proactively identify current fraud trends, criminal activity and the identification of organised criminal groups and influence security best practices
· Liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify fraud trends/criminal activity and organised criminal attacks
· Leading and developing a team and managing talent effectively.


Given the level at which this role is operating, applicants will need to have excellent knowledge of all aspects of financial crime in relation to financial services. You will have the ability to communicate effectively and influence the senior Management Team and external parties and be able to apply AML provisions including KYC to a fast paced and diverse business environment. A good working knowledge and understanding of LT and EU AML Framework will also be advantageous as well as the ability to develop and maintain a network of relevant contacts within national and, where appropriate, international financial institutions, regulatory bodies, law enforcement and professional groups.

· Previous experience in Compliance environment within Financial Services at a manager or supervisor level
· In depth knowledge of current KYC and Anti-Money Laundering legislation and regulatory requirements in Lithuania
· Experience in working with minimal supervision
· Great attention to detail, and a high level of organisational skills
· Compliance qualification/s desirable – preferably AML – or be undertaking a professionally recognised study course (ICA, IRM etc)
· A Bachelor’s degree in Law or experience and knowledge of legal matters is desirable but not essential

2500-3500 €/mon. net