Deputy Money Laundering Reporting Officer (DMLRO)

Finora Bank is a specialized bank dedicated to accelerating growth for micro, small, and medium-sized enterprises, and entrepreneurs. Licensed by the European Central Bank (ECB), Finora Bank offers innovative financial solutions, including loans, leasing, factoring, and guarantees, to help businesses achieve their full potential.

Based in Vilnius and Tallinn, Finora Bank has a team of 70+ professionals with extensive international experience in banking.

Join the journey of building a fast-growing bank!

DEPUTY MONEY LAUNDERING REPORTING OFFICER (DMLRO)

Position Purpose

The Deputy Money Laundering Reporting Officer (DMLRO) will be responsible for thequality control of KYC/KYB proccesses, payments and customer alerts, oversight of First Line of Defence processes, and assessment of AML/CFT monitoring systems. The role will also support the Money Laundering Reporting Officer (MLRO) in preparing STRs and periodic reports, contribute to the improvement of AML/CFT processes, and cover for the MLRO in their absence.

What will you be doing?

First Line of Defence Quality Control

• Performquality control of Know Your Customer (KYC) and Know Your Business (KYB) processes, assessing whether customer identification, risk assessment and documentation comply with applicable legal and internal requirements.
  
• Monitor the First Line of Defence’s compliance with ongoing due diligence (ODD) andperiodic customer data review deadlines.
  
• Provide guidance to the First Line of Defence on KYC/KYB, Enhanced Due Diligence (EDD) and other AML/CFT matters.

Transaction Monitoring and Customer Alert Controls

• Performquality control of transaction monitoring activities, assessing the quality of reviews conducted by the First Line of Defence and their compliance with established requirements.
• Performquality control of customer alert investigations, assessing their quality, timeliness, documentation and appropriate escalation.
  
• Review alerts related to sanctions, politically exposed persons (PEPs), adverse media and other relevant financial crime risks.

AML/CFT Monitoring System Testing

• Periodically assess the performance of AML/CFT monitoring systems, including the adequacy and effectiveness of related controls.
  
  
• Test existing monitoring scenarios andparticipate in the development and implementation ofnew scenarios.
  
• Identify system or control deficiencies and recommend appropriate improvements.

Support to and Cover for the MLRO

• Cover for the MLRO during their absence, ensuring continuity of the function.
  
• Support the assessment and preparation ofSuspicious Transaction Reports (STRs).
  
• Contribute to the preparation of periodic internal and regulatoryAML/CFT reports.

Policies, Procedures and Methodology Improvement

• Participate in thedevelopment,review and continuous improvement ofAML/CFT and KYC/KYB policies, procedures, methodologies and control measures.
  
• Analyse identified control deficiencies, assess their root causes and provide recommendations for remediation.
  
• Monitor the implementation of agreed corrective actions.

What will help you succeed?

• At least3 years of relevant experience in AML/CFT in a senior specialist, team lead, Deputy MLRO or comparable role.
  
• Practical experience in thequality control of KYC/KYB and AML/CFT processes.
  
• Experience in preparinginternal and regulatory AML/CFT reports.
  
• Experience in performing or assessingcustomer transaction monitoring.
  
• Experience in analysingcustomer alerts, including sanctions, PEP and adverse media alerts.
  
• Experience in assessingAML/CFT monitoring systems and testing the effectiveness of monitoring scenarios.
  
• Ability to apply arisk-based approach independently and support decisions with sound rationale.
  
• Good command of written and spokenEnglish and Lithuanian.
  
• Ability to adapt quickly to a dynamic and changing environment.
  
• Motivation to improve processes, methodologies and control measures.
  
• Strong sense of independence, initiative and accountability.
  
• Excellent analytical skills and attention to detail.

What do we offer?

• Join an Experienced, Professional Team: Be part of a dynamic team building a brand-new bank from the ground up.
  
• Opportunity to Make an Impact:Contribute to the growth of a rapidly expanding company and see the direct impact of your work.
  
• Competitive Salary: Earn a salary that reflects your level of experience and competencies (4,000 – 4,800 eur/gross)
  
• Health Benefits: Access additional health insurance after probation period.
  
• Employee tenure appreciation: Enjoy additional days off based on your length of service with the organization.
  
• Pet-Friendly Office: Bring your furry friends to our pet-friendly office.
  
• Office Perks: Enjoy snacks in the kitchen.
  
• Company Events: Participate in regular company events to foster team spirit and camaraderie.
  
• Branded Gifts: Receive branded gifts as a token of our appreciation for your hard work.
  
• Referral Bonuses: Earn attractive referral bonuses for recommending top talent to join our team.
  
• Hybrid Working Model: Benefit from a combination of office-based collaboration and the possibility to work remotely, in line with team needs and internal working arrangements.

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