Money Laundering Responsible Officer
Skills
About the Role
You will develop and maintain AML/CTF and sanctions risk assessments, implement and update compliance policies and procedures, and investigate suspected AML/CTF and sanctions-related activity. You will determine whether reporting is required, make appropriate reports, provide guidance to staff, design and deliver training, monitor and analyze suspicious transactions, liaise with regulators and auditors, advise management, and escalate issues as needed.
Requirements
- Bachelor's degree or higher
- Proficient in Lithuanian and English
- 2+ years of AML/CTF and/or sanctions experience
- Knowledge of Lithuanian AML/CFT and sanctions regulations
- Experience in FinTech, international banking, or cross-border payments (preferred)
Responsibilities
- Develop and maintain AML/CTF and sanctions risk assessments
- Report findings and propose mitigation measures
- Implement AML/CTF and sanctions compliance policies and procedures
- Investigate suspected AML/CTF and sanctions-related activity and make reports when required
- Provide guidance to staff on AML/CTF and sanctions compliance questions
- Assess training needs and create and deliver annual AML/CTF and sanctions training
- Maintain and update AML/CTF and sanctions policies and procedures
- Conduct risk assessments, including quality checks and assessment of new initiatives
- Monitor, investigate, and analyze suspicious transactions
- Serve as the primary contact for regulatory and external inquiries
- Advise senior management and relevant colleagues on AML/CTF and sanctions compliance implications
- Liaise with auditors and regulators and escalate regulatory or external issues to management as needed
- Participate in projects and assist with other tasks as required