Adros Baltija client – Transact Pro –is a licensed payment service provider and electronic money institution in Latvia. The company has been operating in the financial sector since 2004 and provides solutions in the areas of payment card issuing, acquiring, card payment processing and electronic money services for corporate clients.
In connection with the further development of the internal control system and strengthening of the risk management function, the company invites a Board Member to join its team, who will be responsible for compliance with AML/CTPF requirements.
This is a strategically important role within the company’s structure, with direct reporting to the Shareholders and regular cooperation with the Bank of Latvia, the Financial Intelligence Service (FID) and other supervisory authorities.
Company website: www.transactpro.eu
Why join Transact Pro:
- Opportunity to join the company’s Board and have a significant impact on the company’s governance;
- Opportunity to develop and improve the AML/CTPF and sanctions risk management system;
- Opportunity to strengthen the compliance culture and implement an effective “tone from the top” approach;
- Diverse and dynamic work in the fintech environment;
- Opportunity to implement your vision and professional ambitions.
Position:
Board Member responsible for AML/CTPF requirements – Director of Controls
Main responsibilities:
- Lead the AML/CTPF, sanctions risk management and operational compliance (Compliance) functions and oversee the second line of defence;
- Ensure compliance with AML/CTPF and sanctions requirements at company and Board level;
- Develop and maintain the AML/CTPF and sanctions risk management strategy, as well as determine the company’s acceptable level of risk;
- Lead the improvement of the internal control system (ICS) and oversee its effectiveness;
- Ensure timely escalation of risks and prevention of conflicts of interest;
- Oversee customer due diligence, high-risk customers, PEPs, transaction monitoring and sanctions screening processes;
- Oversee the elimination of findings and deficiencies identified during ICS audits;
- Represent the company on AML/CTPF and compliance matters in relations with the Bank of Latvia and other competent authorities;
- Lead supervisory inspections and implementation of the deficiency remediation plan;
- Ensure cooperation with the Financial Intelligence Service, State Revenue Service and other competent institutions;
- Lead and develop the AML/Compliance specialists under supervision.
Requirements:
- Higher education in law, finance, economics or management;
- At least 5 years of experience in the financial sector;
- At least 3 years of experience in AML/CTPF, sanctions or Compliance management in a senior position – on the Board, Supervisory Council, in the management of a large structural unit or management of the AML/CTPF/Compliance function;
- In-depth knowledge of AML/CTPF and sanctions regulations;
- Knowledge of the regulatory rules and guidelines of the Bank of Latvia;
- Knowledge and understanding of the MPENL and PSD2 regulations and an understanding of the specifics of the operations of payment and electronic money institutions;
- Knowledge of EU AML/CTPF regulations, including AMLR, AMLD6, the AMLA supervisory framework, as well as FATF standards;
- Understanding of transaction monitoring, sanctions screening and calibration of the relevant IT solutions;
- Experience in establishing, maintaining and improving an ICS, as well as comprehensive risk assessment;
- Experience in change management and building a company’s compliance culture;
- ACAMS (CAMS), ICA or equivalent certification;
- Excellent knowledge of Latvian and good knowledge of English for communication with partners;
- Leadership, analytical and structured thinking, initiative, ability to independently determine priorities and make decisions;
- Excellent communication and argumentation skills when working with regulators, auditors and other institutions;
- Impeccable reputation and absence of conflicts of interest.
Offer:
- Work in Riga, Kr. Valdemāra ielā 62;
- Working hours 9:00 – 18:00;
- Opportunity to work flexibly and partially remotely;
- Salary from 5000 EUR gross, depending on experience and competencies;
- Bonuses according to the company’s results and individual achievements;
- Health insurance, with 50% of the policy costs covered;
- Opportunity to join the company’s corporate mobile phone tariff on particularly favourable terms;
- Compensation of transport expenses as necessary and by agreement;
- Necessary technical equipment for remote work;
- Senior role in a licensed financial institution.
Additional information:
Interested candidates are asked to send their CV with the indication “Board Member – Director of Controls” to the email address jolanta@adros.lv.
Find out more by phone +371 20370988.
We highly value every application, but please note that we will contact only those candidates who will be included in the second stage of the selection process!
