AFC Regulatory Change Lead

Join our team as an AFC Regulatory Change Lead!

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.

As part of the first line of defense, the AFC Regulatory Change Lead is responsible for driving the implementation of new and changing Anti-Financial Crime (AFC) regulation across Luminor.

The role combines a strong understanding of the AFC regulatory environment with hands-on project and change management. You will assess new regulatory requirements together with Legal, Compliance and subject-matter experts, understand their implications for the business, processes, controls and systems, and translate them into structured implementation plans.

Your key responsibility will be to drive regulatory change from initial impact assessment through implementation, establishing clear plans, governance and reporting, coordinating stakeholders across functions and countries, challenging progress where needed, and ensuring required changes are delivered on time and sustainably.

How You Will Make an Impact:

• Assess new and changing AFC regulation and regulatory expectations, working with Legal, Compliance and subject-matter experts to understand requirements, identify business impacts and determine what needs to change across processes, controls and systems

• Lead end-to-end delivery of AFC regulatory change across functions and countries, translating regulatory requirements into clear implementation scope, priorities, workstreams and deliverables

• Establish and drive implementation plans and governance, defining ownership, resources, milestones, dependencies, decision-making structures and management reporting

• Coordinate and challenge stakeholders across Business, Operations, IT, Legal and Compliance, ensuring responsibilities are clear, decisions are made and agreed actions progress according to plan

• Manage delivery risks, issues and dependencies, proactively identifying potential obstacles, agreeing corrective actions and escalating where delivery or regulatory timelines are at risk

• Drive implementation readiness and completion, ensuring required changes to processes, policies, controls, systems, communications and training are coordinated and appropriate implementation evidence and approvals are in place

• Provide clear and concise progress reporting to senior stakeholders, highlighting implementation status, key decisions, risks, dependencies and areas requiring management attention

What Makes You a Great Fit:

• At least 5 years of relevant experience in banking or financial services, with demonstrated experience in regulatory change, AFC, compliance, risk management and/or complex change delivery

• Good understanding of the AFC regulatory environment, including AML/CFT, proliferation financing and sanctions, with working knowledge of EU, U.S. OFAC, UKHMT, UNSC and relevant national sanctions regimes, and the ability to understand their implications for business processes, controls and systems

• Strong hands-on project and change management experience, with a proven ability to lead complex cross-functional initiatives from impact assessment and planning through implementation and business-as-usual handover

• Strong practical skills in implementation planning and delivery, including defining scope and ownership, establishing governance, managing milestones, dependencies, risks and issues, and providing clear management reporting

• Good understanding of banking products, processes, controls and IT systems, and how regulatory change may translate into operational and system changes

• Strong analytical and structured thinking, with the ability to translate complex regulatory requirements into clear, actionable implementation plans

• Strong stakeholder management, communication and influencing skills, with the confidence to coordinate and challenge stakeholders across functions and countries and communicate effectively with senior management

• Ability to operate independently at a senior level, demonstrating ownership, sound judgement and a strong drive to move complex initiatives forward

• Fluent English is required in spoken and written communication due to working on Pan-Baltic level

Why You Will Love Working Here:

• 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. 4200 - 6300 EUR/month, which is to be determined depending on your level of experience and competencies

The application deadline is November 30th. We are looking for a candidate primarily already located within the Baltics. Please apply with your CV in English and PDF format!