Senior Compliance Officer (MLRO)

Risk & Compliance – Services · FinCrime · Core
From clunky apps to hidden fees, banking is broken. So we decided to build a company from the ground that would challenge the bigger players and reinvent how people interact with their money — for the better.
Traditional banks are slow and expensive. Realistically, you’re nothing but a number to them with dollar signs attached. So, one continent at a time, we plan on changing this.

To put it bluntly — it’s about getting shit done and owning what you do. We don’t hide behind fancy job titles or set up bureaucratic processes. Instead we treat our people equally, fairly and give them a ton of freedom and autonomy to create something awesome.
We make mistakes, we learn from them and we back everything up with data and logic.
In three years, we’ve grown to over 700 people and we’re adding around 30 new additions each month. From engineers to marketers, we’re on the hunt for exceptional talent to help us scale our business and get Revolut in the hands of millions of people everywhere.

Revolut is seeking an experienced Senior Compliance Officer/ MLRO to ensure that the Compliance, Conduct, Financial Crime and Anti-Money Laundering Control Frameworks of Revolut are fully integrated and operating effectively against money laundering and relevant regulations.

This position is critical to support the growth of Revolut’s business and will be the focal point for all activity within Revolut relating to anti-money laundering. This role will require, the development and maintenance of Revolut’s compliance strategies and relevant policies, and ensure their rigorous implementation across all functions within the business, while guaranteeing sustained regulatory compliance.

The Compliance Officer/ MLRO will have the level of authority, independence and support to properly carry out his or her responsibilities in connection with our Compliance Program, including Anti-Money Laundering (AML) and Payment Services Directives.

At Revolut we are committed to the highest standards of control, governance and independent oversight. We are searching for someone with extensive experience in the financial industry and proven experience in a compliance function that is excited to design, lead and shape the future of oversight and compliance.

Strong problem solving, operational process and analytical skills is a must as is experience with regulators and the regulatory exam process in financial institutions. This role will demand high-levels of energy and creativity, an entrepreneurial spirit and the desire to work in a growing and changing environment.

This role will drive implementation of compliance control as highlighted in the AML and Compliance Risk Assessments and include a broad set of cross-functional responsibilities to ensure that all personnel are properly trained, processes are scalable, and metrics are accurately reported.

You will be expected to identify money laundering risk and maintain our systems and controls, considering a range of factors, including our:

●customer, product and activity profiles;
●distribution channels;
●complexity and volume of our transactions;
●processes and systems; and
●operating environment
●Operating and monitoring the effectiveness of controls required by the Frameworks to remain within the Board Risk Appetite
●Compiling, assessing and reporting compliance, fraud and AML Information to the Chief Risk Officer and the Board as required
●Ensuring that Revolut's activities comply with all relevant legislation and regulation
●Ensuring Revolut's compliance framework is maintained and updated as approved by Revolut Board
●Ensuring all financial-crime-related regulatory reporting obligations are fulfilled

In addition, the Compliance Officer is responsible for supporting the CRO in advising the Board.

●Defining, developing, managing, refining and documenting the Financial Crime and AML Program to manage all sources of regulatory risk and provide reporting which meets the needs of the CRO;
●Working closely with the CRO and other senior managers across the business to identify, assess, update and mitigate the regulatory compliance risks posed to Revolut Lithuania and determining the priorities and resources required to effectively control them;
●Reporting quarterly to the Group Executive Risk Committee on the regulatory risks posed, the mitigating action taken and whether adequate resources have been applied;
●Determining identification and verification standards for customer take-on and AML compliance by:
a. managing the suspicious activity reporting process, internally and externally;
b. communicating with all necessary staff to ensure they understand their responsibilities and are trained in Revolut policies and procedures to:
i. identify financial crime;
ii. escalate suspicious activity by making internal reports; and
iii. make external reports to the Lithuanian regulators and other law enforcement bodies in a timely manner.

●Receiving and promptly responding to enquiries from law enforcement agencies.
●Continuously developing, enhancing and embedding the financial crime and AML risk framework for managing key regulatory risks across the firm, ensuring that all processes are fit for purpose.
●Manage filings to the Financial Crime Investigation Service

The Compliance Officer/ MLRO will also provide support to the business where necessary regarding the launch of products to ensure regulatory requirements are met, as appropriate.

●Work cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policies
●Collaborating with internal Compliance teams (such as Financial Crime, Compliance Operations, Risk & Controls) to identify clear steps necessary to mitigate those regulatory risks and provide those recommendations in the form of clear business requirements
●Partnering with Product Owners to educate and drive the appropriate execution of compliance requirements

This role is critical to the overall execution of our Compliance Program. You will need to partner with Legal and work to implement Program changes to comply with the changing regulatory environment and advise change management processes and control requirements.


Essential experience

●Team management skills, including the ability to oversee compliance and control activities within a global payment processing environment.
●Knowledge and experience of best practice in UK financial services regulation, fraud detection methodologies, and emerging practice in financial crime and money laundering typologies.
●Good communicator with the ability to motivate others.
●Ability to exercise oversight, knowledge and understanding of financial crime and AML policies, procedures and control arrangements in a complex financial operation.
●Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolution.
●Deep knowledge of the UK regulatory environment and key financial crime regimes.
●Understanding of payment systems and markets with a focus on technology and mobile applications.

Desired Qualifications:

The Compliance Officer/MLRO should be fluent in Lithuanian, have at least a bachelor’s degree, with a relevant Master’s Degree preferred, or a professional qualification from an internationally recognised body (e.g ICA, ACAMS). and 5+ years of experience in compliance roles within a regulated Lithuanian financial services firm.  The role holder should have experience in team management and have a high level of written and oral communication skills, as well as a strong knowledge of key regulatory issues and control assessment processes.

Attestation Requirements:

The Compliance Officer/MLRO reports to the CRO and may be required to provide a formal attestation at periodic intervals to the CRO.

We'd love to hear from you if:
●You are committed to, and excited about, world-class compliance and independent oversight of this important agenda.
●You are an in-depth strategic thinker with the ability to work in a fast-paced environment across a large number of functional groups and be able to manage the business needs of Revolut.
●You understand the customer experience and make business-oriented recommendations to ensure Compliance with key requirements.
●You are capable of working closely with our Compliance Operations Team and Compliance Technology Team to ensure effective execution of the Compliance Program.
●You have previous experience as a Lithuanian registered MLRO and a strong background in financial services (bonus if you have experience with or a passion for technology)
●You’re able to influence, coach, and develop effective working relationships with employees at all levels, gaining their acceptance, and driving change
●You are intellectually curious, and you can bring valuable insights into the team and business
●You thrive in dynamic working environments
●You have a data-driven approach to problem-solving
You’ll get to work in one of the hottest and fastest growing tech startups in the world right now
We’ll arm you with all of the latest tech equipment
Competitive salary
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