AML Subject Matter Expert

We are seeking a qualified and experienced professional to fill the role of AML Subject Matter Expert and local MLRO (Money Laundering Reporting Officer). The ideal candidate will play a crucial role in ensuring compliance with anti-money laundering (AML) regulations and establishing effective AML frameworks.

• Write and implement procedures tailored to the Latvian regulatory landscape and TF Bank 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 in AML processes and implementing necessary changes in compliance with FSA.

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

• Collaborate with cross-functional teams 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 necessary documentation and insights into AML practices.

• Proven expertise in Anti-Money Laundering (AML) within the financial services industry, ideally in Latvia and within a multi-jurisdictional environment.

• Strong knowledge of Latvian and EU AML regulations, compliance frameworks, and licensing requirements.

• Demonstrated experience in designing, implementing, and optimizing AML processes across multiple jurisdictions.

• Previous experience working with regulatory authorities and responding to regulatory inquiries is highly desirable.

• Knowledge of Swedish regulatory requirements is considered an advantage.

• Bachelor's degree in Finance, Business Administration, Law, or a related field.

• Advanced degree or relevant certifications such as CAMS, ICA, or equivalent are considered a plus.

• Fluency in Latvian and English is required.

• Additional European languages are an advantage.

• Detail-oriented with a proactive approach to identifying, assessing, and mitigating compliance and financial crime risks.

• Strong decision-making skills, with the ability to independently evaluate situations, determine appropriate actions, and take ownership of outcomes.

• Ability to adapt quickly to evolving regulatory environments and effectively implement required changes.

• Excellent communication, stakeholder management, and interpersonal skills, with the ability to collaborate across all levels of the organization.

• Strong relationship-building skills and a collaborative mindset focused on achieving shared goals.

• Experience supporting colleagues through training, mentoring, and knowledge-sharing initiatives.

• 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 Latvian market.

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

• Opportunities for learning, growth, and professional development.

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