Financial Crimes Prevention Specialist

Job Description:

• The role of a Money Laundering Reporting Officer involves ensuring the company's Anti-Money Laundering Policy and regulatory requirements in Lithuania are met.

• This includes identifying, assessing, and monitoring money laundering and terrorist financing risks to ensure the AML program is comprehensive and proportionate to the company's businesses.

• The officer will communicate and escalate financial crimes-related issues to the Compliance Officer and maintain an understanding of current and proposed financial crimes laws and regulations in Lithuania.

• They will also be responsible for maintaining awareness of emerging financial crimes trends and risk across the company and region and develop strategies to address these risks proactively.

• The officer will receive, review, monitor, and submit Suspicious Transaction Reports to the Financial Crime Investigation Service and liaise with regulatory bodies as applicable.

• Additionally, they will prepare planning and reporting documents regarding the Lithuanian AML/CFT Program for senior management.

• Other responsibilities include identifying and assessing training needs, establishing, developing, delivering, and maintaining the local AML training program as appropriate.

• The officer will participate in checking the completeness of sanctions watchlists and monitor regulatory change, ensuring active identification, response, and escalation of money laundering, terrorist financing, and other applicable financial crimes-related topics.

• They will also participate in internal audits and regulatory exams and coordinate responses to inquiries from enforcement authorities and regulators.

• The officer will conduct financial crimes-related risk assessments and provide credible challenge to business and support teams as appropriate.

• Finally, they will prepare and submit information requested by regulators periodically or ad-hoc.

Required Skills and Qualifications:

• A minimum of 3+ years of experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, and Corruption.

• 5+ years of AML/CFT related experience in a virtual asset service provider, financial institution, or combined with experience in a related government/regulatory body.

• A BS/BA degree or higher is required.

• Knowledge and strong understanding of Lithuanian AML/CFT regime and international/industry practices, including European Union Directives on Money Laundering, OFAC, and global sanctions.

• Experience in managing an AML/CFT program is preferred.

• Ability to develop and manage business relationships with various stakeholders, including front office and audit.

• Excellent verbal, written, and interpersonal communication skills are essential.

• Experience in managing the preparation of policy and procedure documents, investigative reports, and Suspicious Transaction Reports is beneficial.

• Excellent analytical skills, lateral thinking, and problem-solving ability with high attention to detail and accuracy are necessary.

• Ability to independently prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment is crucial.

• Experience in making and owning risk-based decisions is preferred.

• Certified Anti-Money Laundering Specialist (CAMS) or other similar designation is an advantage.

Benefits:

Working with a leading fintech company providing IT solutions for financial institutions and professional investors based on quantitative technology that analyzes financial markets and develops investment and risk models based on mathematics and statistics.

Opportunity to work with a highly experienced team in the field of Anti-Money Laundering and Financial Crimes Prevention.

Chance to contribute to the development of innovative solutions and make a positive impact on the industry.