Yes, you can! That's our attitude towards our work, ambitions, ideas, and relationships. We at Luminor believe that anyone has the potential to achieve big things and encourage everyone to achieve them, professionally and personally.
Whoever you are and whatever your role is, with Luminor, you will get a once-in-a-lifetime opportunity to build a local banking champion.
Sanctions Compliance Officer plays a key role in safeguarding the bank against sanctions and financial crime risks by providing independent oversight, expert advice, and decision-making on complex cases. The role involves reviewing sanctions escalations, supporting high-risk customer onboarding and ongoing monitoring, and making informed decisions on potential sanctions breaches, including reporting to relevant authorities. Additionally, the role supports effective risk management by advising on complex cases, monitoring regulatory changes, and driving continuous improvement in AML/CFT and sanctions practices across the organization.
Independently review and make decisions on Sanctions risk-related escalations received from other bank units (First Line of Defence)
Prepare and submit reports on Sanctions-related suspicious transactions and activities to National Competent Authorities, and recommend risk-mitigating actions to be applied to reported customers
Escalate specific Sanctions risk-related cases to the Group AML/CFT and Sanctions Compliance Officer or Sanctions Area Lead, as defined in internal regulations
Participate in Customer Risk Committees and provide Compliance opinions on clients’ risk exposure and required risk mitigation measures
Perform self-quality assurance and control testing activities, ensuring that processes and controls in the Sanctions area are properly designed and operationally effective
Contribute to the creation and maintenance of Sanctions-specific training program, and deliver training to relevant stakeholders
Monitor changes in Sanctions regimes and regulatory requirements applicable to the Bank (including developments in national, European Union, United Nations, United States, and United Kingdom sanctions), as well as sanctions-related market trends and typologies, evaluate their application, and prepare proposals for process improvements
Contribute to the development of Sanctions-related controls, and propose development or change requests for systems and tools
Contribute to a positive working environment by taking a constructive approach in cooperation with colleagues, providing honest feedback and relevant suggestions, and supporting high performance within the unit
Perform other tasks relevant to the role
2+ years of experience in years in Sanctions area. Certification in Sanctions (CGSS or similar) area would be considered as an advantage
Profound awareness of Baltic and European regulatory requirements related to banking and financial services in general
Strong knowledge of OFAC, UKHMT, UNSC, EU and national sanctions regimes and respective reporting requirements
Strong knowledge and experience of best practices in managing AML/CFT/CFP and Sanctions risks associated with the bank business model
High understanding of ML/TF/PF and Sanctions typologies
Strong business process management skills with an initiative to learn quickly new tasks
Thoroughness, accuracy and accountability with analytical thinking and ability to make decisions in an organized and structured working style
Good cross-functional and cross border cooperation skills having good communication and presentation skills, both verbal and writing
Impeccable reputation, high integrity and ethical standards
Higher education in Law, Economics, Business Management, Finance or similar field
Fluent English and Lithuanian is required in spoken and written communication due to working on the Pan-Baltic level
Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
International teams. Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun
Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored
More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes
Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
Wellbeing. Access to tools and resources that help you feel good and be productive at work and in life
Professional growth. Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor
Gross salary. 3100-4300 EUR/month, which is to be determined depending on your level of experience and competencies
The application deadline is the 4th of August. We are looking for a candidate primarily already located within the Baltics. Please apply with your CV in English and PDF format!
The Baltics are a special land, where people share common values, are connected by similar drive and vision. People like this deserve their own bank that is like the Baltics themselves – dynamic, agile, and forward-looking. Independent, but stronger for being together. It is our privilege to be that bank!
We want to make a difference and have a voice in society, to shape the economic environment with the future in mind, and to contribute to our home region. We know the local people and businesses and we want to be the preferred partner in financial matters for our customers. We will do that by being accessible, fast and predictable.
Being pan-Baltic gives us the size and the strength to make a real difference, while still being a local bank. Although we have Nordic roots, we were born here, and we make our decisions here. We combine global knowledge with local expertise.
Luminor is the third-largest provider of financial services in the Baltics, with some 870 000 clients and 2 300 employees. In the Baltic region, it has a market share of 14.9% in deposits and 16.9% in lending as at the end of March 2021. Luminor has total shareholders’ equity of 1.7 billion EUR and a CET1 ratio of 23.4%.
Luminor has a strong and capable team that is committed to achieving our strategic objectives. We are dedicated to supporting sustainable growth in the Baltic region by providing a long-term commitment to businesses and individuals.
