Summary role description:

Hiring for a Compliance Officer at Lithuania for a global FinTech SaaS B2B Payments Infrastructure platform that supports real-time cross border payments transaction processing, clearing and settlement services for mobile wallets and bank accounts payment systems.

Client description:

Our client is a Europe-headquartered start-up SaaS FinTech company that provides a global scale Forex remittances platform (both Send side and Receive side) that enables instant foreign exchange remittances and payments through API-driven integration. Founded in 2014, they have scaled rapidly – especially over the past 3 years – and now host all major Merchants, Business Enterprises Banks, Forex Solutions Providers, Wallets and other players in the ecosystem. Their leadership team is distributed across multiple continents and have business operations across the globe. They have been widely recognized to be amongst best-in-class workplaces and formally certified as GPTW (“Great Place To Work”). Their employee headcount has grown eight-fold over the past 3 years and that includes regulatory compliance personnel in multiple countries.

Role details:

• Title / Designation: Compliance Officer
• Reporting Manager: Head of Compliance
• Role type: Individual Contributor
• Location: Vilnius, Lithuania / Remote in Lithuania

Role & responsibilities:

• As a Compliance Officer, you need to manage the day-to-day operations of the Sanctions Screening & Transaction Monitoring Compliance program by working in collaboration with the Global Compliance team and business operations to the achieve the company goals
• Monitor the daily work queues, the review the Sanctions and Transaction Monitoring alerts by investigating and making appropriate decisions.
• Execution of the compliance company strategies by contributing information, analysis, and recommendations and translate these into deliverables.
• Monitor the emails received from Partner compliance and the business for queries related to compliance blocks which is required to actioned immediately
• Work closely with the Compliance Technology & Operations teams and Group Compliance & Technology teams on issues related to sanctions screening and list management including tuning, analytics & data governance and develop structure for ongoing review lists
• Perform, ensure and adhere to OFAC/EU regulatory, identify false positive hits, and escalates true hits to OFAC Lead.
• Conducts suspicious activity analysis on identified cases and provides recommendations for Suspicious Activity Reporting (SAR). 
• Assists in reviewing and recommending improvements for internal processes, including forms/checklists, data collection methods, analyses, and reporting.
• Conduct initial due diligence and ongoing evaluation of partners and other third-party service providers
• Keep all relevant records in accordance with local regulatory provisions and acts
• Execution of enhancements of processes and procedures with a commitment to consistency and successful implementation within the set targets and deadlines
• Prepare and present all requisite periodic and ad hoc compliance reports and act on feedback thereon

Candidate requirements:

• 4 – 5 years of relevant experience
• Graduate degree
• Certification on Compliance, Audit, Forensic – preferable 
• FinTech / Financial institution experience, Knowledge of compliance regulations – highly preferable
• Demonstrated knowledge of OFAC compliance operations
• Balance multiple, changing priorities in a dynamic and fast-moving working environment
• Excellent verbal and written communication skills, ability to convince across functional lines, team management, and attention to detail are all required.

Assessment process:

• 1 subject matter interviews
• 1 written assignment
• Managerial round
• HR discussion