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Reģistrācijas numurs: 16949060
- Apraksts
- Pamatinformācija
- Uzņēmums
Role description
We are looking for an experienced, English-speaking MLRO & Head of Legal and Compliance, as English will be the Company’s working language and the language used in the day-to-day working environment. The position is initially offered on a part-time basis, with a transition to a full-time role.
This position is responsible for leading the Money Laundering Reporting Officer (MLRO) function and the Company’s legal and compliance framework.
In addition to taking ownership of the Company’s financial crime prevention framework, regulatory compliance and related key legal matters, the role includes the development and implementation of the policies, controls, monitoring arrangements and documentation required for the EMI authorisation process and the Company’s ongoing operations.
As the business expands, the successful candidate will also play an important role in developing and further structuring the MLRO and Head of Legal and Compliance functions.
Responsibilities
Financial crime and sanctions
- Lead and oversee the Company’s AML/CFT and international sanctions compliance function
- Develop, maintain and periodically review the AML/CFT internal control framework, policies, procedures and risk assessments
- Oversee the effectiveness of customer due diligence, KYC/KYB, transaction monitoring and enhanced due diligence processes
- Identify and assess suspicious activity and ensure that required reports are submitted to the competent authorities
- Monitor AML/CFT and sanctions risks and promptly inform management of material risks, deficiencies and required remedial measures
Legal and compliance
- Act as the Company’s Compliance Officer at the initial stage and own the compliance function beyond financial crime
- Own regulatory and licensing work, including support to the authorisation process and to any subsequent change in permissions or passporting
- Build and run the compliance monitoring plan, and report on its findings
- Own the contract stack: merchant, vendor, outsourcing and employment agreements, working with external counsel where specialist input is needed
- Own the GDPR and DORA documentation sets, and oversee the Company’s data protection arrangements together with the Data Protection Officer
- Monitor regulatory developments and ensure relevant changes are implemented in the Company’s operations in good time
Reporting and governance
- Report regularly to the management board on the operation and effectiveness of the
- AML/CFT and compliance frameworks
- Escalate material compliance matters directly to the board where necessary
- Support supervisory, audit and regulatory reviews
What we expect
- Higher education in law
- Strong knowledge of AML/CFT, international sanctions, KYC/KYB, transaction monitoring and suspicious activity reporting
- Relevant professional experience in AML/CFT, compliance or financial crime prevention, preferably within payments, electronic money, banking, fintech or another regulated sector
- Working knowledge of the wider regulatory framework for payment institutions and electronic money institutions, and comfort with commercial contracts
- The ability to identify, assess and manage customer, transaction, geographic, product and service-related AML/CFT and sanctions risks
- The ability to make independent and well-reasoned compliance decisions and to escalate material issues to management and the board
- Experience building or maintaining a risk-based internal control framework
- The ability to communicate effectively with Latvijas Banka, the Financial Intelligence Unit, auditors and management, with a high level of professional independence, integrity and confidentiality
- Proficiency in Latvian and English
What we offer
- Gross monthly salary of EUR 5,000-6,000 for a full-time role
- Opportunity to participate in the Company’s equity, to be discussed as part of the offer
- Flexible remote working arrangements
- Opportunity to work in an international fintech environment
€
5000 - 6000
Atrašanās vieta
- Rīga, Latvija
- Hibrīddarbs
Darba veids
- Nepilna slodze
- Pilna slodze
Valodas
- Angļu
- Latviešu
Kontaktpersona
Julia Kerova
Julia Kerova
NivoBnK is an AI-first European payments company being built in Riga, Latvia, backed by the people behind some of the Nordics' best known fintech names.
We are applying for an Electronic Money Institution licence in Latvia and building two product lines. The first is core banking for merchants - IBAN accounts, payments in and out, and virtual cards. The second is account-to-account payments, where the merchant is our customer and their shoppers pay directly from their own bank account. Our merchant base includes online gaming operators, so this is a high-risk environment run to high standards.
As part of our development into operating an Electronic Money Institution (EMI) in Latvia we will be developing a strong and experienced Management Team based in Riga that is accountable for the Regulated Business and the day to day operational aspects of it.
Therefore, we are seeking highly experienced Senior Professionals, who are able to assume full accountability for Key Management & Control Functions within the Regulated Business, who will also work closely with the Board and the broader European Teams to ensure Authorisation and subsequent Growth of the business.
Reģistrācijas numurs: 16949060
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