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Compliance Officer Responsibilities in Latvia

A well-established and regulated financial institution operating since 2022 is seeking a Compliance Officer to join their team due to rapid global expansion. The company, which deals with instant bank-to-bank payments for e-commerce businesses in the EEA and UK, particularly within the Open Banking ecosystem, is looking to double its workforce of over 100 employees in the upcoming year.

Responsibilities

  • Draft and Maintain Policies: Draft and maintain policies, procedures, and controls to manage compliance risks arising from the company’s business activities.
  • Onboarding Process: Assist with the onboarding process with banking partners, including completing application forms and participating in compliance calls.
  • Regulatory Monitoring: Monitor and report on regulatory (UK, EU) developments and advise management on the impact of changes in regulations on the business.
  • Compliance Risk Assessments: Conduct ongoing compliance risk assessments and provide recommendations for remediation where necessary.
  • Reporting: Create internal and external reports on compliance-related matters.
  • Employee Training: Develop and deliver training programs for employees to ensure ongoing compliance with regulatory requirements.
  • Team Collaboration: Work collaboratively with other teams to ensure that regulatory requirements are met.

Requirements

  • Experience: 3+ years of experience in Fintech working as a Compliance Officer.
  • Legal Knowledge: Legal and regulatory knowledge of UK and EU laws.
  • Attention to Detail: Attention to detail is essential for this role.
  • Risk Assessment Skills: Risk assessment skills are necessary to identify potential compliance risks.
  • Banking and Financial Products: Understanding of banking and financial products is required.
  • Strong Sense of Responsibility: A strong sense of responsibility is necessary for ensuring the company’s compliance with regulatory requirements.
  • Independence: Ability to work independently, making decisions and taking actions as needed.
  • Language Skills: Proficiency in Latvian, Russian (communication level), and English (writing).

Benefits

The employer offers a range of benefits, including:

  • An open and caring culture
  • Flexible working options
  • 7 wellness days per year
  • Language and educational courses
  • Team buildings

Salary

The gross salary for this role is €3,000-€3,500 per month, depending on experience and competencies.

How to Apply

If you are interested in this Compliance Officer position, please apply through the provided application form.