AML Subject Matter Expert

We are seeking a qualified and experienced professional to fill the role of AML Subject Matter Expert (local Lithuanian MLRO). The role is responsible for ensuring compliance with anti-money laundering (AML) regulations in Lithuania and for establishing and maintaining an effective AML framework at branch level, in line with TF Bank (Avarda Group) standards. The ideal candidate will play a crucial role in safeguarding the bank against financial crime risks and acting as the local point of contact for supervisory authorities.

Key Responsibilities

• Write and implement AML procedures tailored to the Lithuanian regulatory landscape and the TF Bank (Avarda Group) process and regulatory framework.

• Act as local branch MLRO (Money Laundering Reporting Officer) and liaise with local supervisory authorities and investigative bodies.

• Conduct regular assessments of the AML framework, identifying areas for improvement and performing GAP analysis of AML processes, and implementing the necessary changes in compliance with FSA and Group frameworks.

• Stay abreast of changes in AML regulation, advising senior management and the Branch Manager on potential impacts and ensuring timely adjustments to policies and procedures.

• Collaborate with cross-functional teams in the Group to integrate AML considerations into business processes and product development.

• Design and conduct training programmes for employees to enhance awareness and understanding of AML strategies.

• Ensure timely and accurate reporting to regulatory authorities and internal stakeholders regarding AML metrics.

• Participate in internal and external audits, providing the necessary documentation and insights into AML practices.

• Take responsibility for and maintain ownership of AML operational tasks as needed.

Qualifications and Experience

• Bachelor's degree in Finance, Business or a related field. Advanced degree or relevant certifications (e.g., CAMS, ICA) is a plus but not required.

• Proven expertise in AML within financial services in Lithuania and a multijurisdictional environment (minimum 2 years).

• Strong knowledge of Lithuanian, Swedish and EU AML regulations and licensing requirements.

• Prior experience working with regulatory bodies and responding to inquiries is preferred.

• Prior experience in the design, implementation and optimisation of AML processes across various jurisdictions.

• Detail-oriented with a proactive approach to identifying and addressing potential risks.

• Ability to adapt to changing regulatory environments and implement the necessary adjustments.

• Excellent communication and interpersonal skills to collaborate effectively with various stakeholders.

• Fluency in Lithuanian and English; additional EU languages are a plus.

• Ability to make decisions quickly, selecting the best course of action based on the available information and accepting personal responsibility for the outcome.

• Work co-operatively with others across the whole bank.

• Build effective relationships in the business, train colleagues in the other streams, encouraging the sharing of best practice and the exchange of ideas.

What we offer

• A Scandinavian work culture focused on trust, transparency, and respect for people and time.

• An opportunity to make a real impact and contribute to the bank’s growth in the Lithuanian market.

• Health insurance and additional health days.

• A supportive and professional team with a collaborative working environment.

• Opportunities for learning, growth, and professional development.

• The possibility to work remotely up to one day per week.

• Snacks and coffee available at the office.

• Compensation range: €3,000 - €3,500 gross monthly.

Compensation will be determined based on the candidate’s qualifications, skills, and previous experience.