Adros Baltija’s client, Transact Pro, is a licensed payment services provider and electronic money institution in Latvia. The company has been operating in the financial sector since 2004 and provides payment card issuing, acquiring, card payment processing, and electronic money solutions for corporate clients.
Due to the further development of its internal control system and the strengthening of risk management functions, the company is looking for an MLRO (Money Laundering Reporting Officer) to join its team. This leadership role will be responsible for the organization and oversight of the company’s anti-money laundering, counter-terrorist financing, and sanctions compliance framework.
This is a key position within the organization, reporting directly to the Management Board and involving regular interaction with Latvijas Banka, the Financial Intelligence Unit (FID), and other supervisory authorities.
Key Responsibilities:
- Ensure strategic oversight of the company’s AML/CFT and sanctions compliance requirements
- Monitor the effectiveness of the internal control system and manage AML, KYC, CDD, and EDD processes
- Organize and coordinate money laundering and sanctions risk assessment, monitoring, and management processes
- Oversee transaction monitoring, sanctions screening, and customer risk assessment processes
- Prepare and submit reports to Latvijas Banka, the Financial Intelligence Unit (FID), and other supervisory authorities
- Participate in communication with regulators and support supervisory inspections and audits
- Develop, update, and implement internal AML/CFT and sanctions-related policies, procedures, and regulatory documentation
- Organize AML/CFT and sanctions compliance training for employees
- Prepare reports for the Management Board on risk exposure, control system effectiveness, and identified deficiencies
- Participate in projects aimed at improving risk management and regulatory compliance processes
Candidate Requirements:
- Higher education in Finance, Economics, Law, or a related field
- At least 5 years of experience in the financial sector
- At least 3 years of experience in AML, Compliance, Risk Management, or Sanctions Compliance in a leadership role
- Practical experience working with Latvijas Banka, the Financial Intelligence Unit (FID), auditors, and other supervisory authorities
- Strong knowledge of AML/CFT requirements, sanctions regulations, Latvijas Banka regulatory framework, and European financial sector regulations
- Experience in designing, implementing, and improving internal control systems
- Understanding of payment institutions, electronic money services, and card payment solutions will be considered a significant advantage
- ACAMS (CAMS), ICA, or an equivalent professional certification will be considered an advantage
- Fluent Latvian and English language skills for working with international stakeholders
- High level of responsibility, analytical thinking, independence, and decision-making ability
Company Offers:
- Competitive salary starting from €3,500 gross per month, depending on the candidate’s experience and qualifications
- Annual bonus based on company performance and individual achievements
- A key leadership role within a licensed financial institution
- Direct interaction with the Management Board and participation in strategic decision-making
- The opportunity to influence the development of risk management and regulatory compliance frameworks
- Potential career progression to a Management Board Member position
- Hybrid working model and a flexible approach to working hours
- Health insurance
- The opportunity to join a corporate mobile plan on preferential terms
- Professional training and continuous development funded by the company
- A modern office in the centre of Riga and all necessary resources for effective work
Additional Information
Please send your CV with the subject line “MLRO” to vi@adros.lv.
Only candidates selected for the next stage of the recruitment process will be contacted.
