MLRO – Sanctions and Fraud Oversight (Vilnius)

MLRO – Sanctions and Fraud Oversight (Vilnius) Lead AML, sanctions and fraud for a regulated open banking provider, advise the Board and shape controls across Europe. Take ownership. We usually respond within two weeks 🌍 About the Company The client is a Bank of Lithuania regulated payment institution operating within the European open banking ecosystem. Its technology enables businesses to initiate bank payments and access account information securely through API based infrastructure. The company serves customers across European markets and combines regulated financial services with scalable technology. You will join an international organisation where financial crime controls directly influence product development, market expansion and customer trust . 💼 About the Role As MLRO , you will hold senior responsibility for the Lithuanian entity’s AML/CTF framework while overseeing sanctions compliance and fraud prevention. You will advise the Board, engage directly with regulators and lead the Financial Crime team . The role requires an experienced decision-maker who can take personal ownership of regulatory reporting, complex investigations and the continued development of controls for payment initiation and account information services. 🔍 Responsibilities Act as the designated MLRO for the Lithuanian regulated payment institution , maintaining effective governance across customer due diligence, transaction monitoring, screening and record keeping; Make independent decisions on suspicious activity and prepare, approve and submit STRs/SARs to the Lithuanian Financial Crime Investigation Service; Own and continuously improve the company’s AML/CTF, sanctions and fraud prevention policies in line with Lithuanian and EU requirements; Lead enterprise-wide, customer and product financial crime risk assessments , translating findings into clear action plans; Present material risks, regulatory developments, control performance and remediation priorities to senior management and the Board; Serve as a credible point of contact for the Bank of Lithuania, law enforcement authorities, auditors and other external stakeholders; Oversee sanctions controls covering the EU, UN, Lithuanian, UK and US regimes, including screening, escalation, investigation and reporting; Set the fraud prevention strategy across detection, investigation, incident response, root-cause analysis and control improvement; Partner with Product and Technology teams to strengthen transaction monitoring, automate controls and improve operational effectiveness; Lead and develop the Financial Crime team while providing final oversight of complex cases and high-risk relationships. 🎓 Requirements Proven experience as a designated MLRO or senior financial crime leader within a regulated payment institution, PSP, FinTech or comparable financial services business; Direct, hands-on experience with Lithuanian regulators, regulatory reporting and STR/SAR decision-making ; Strong working knowledge of Lithuanian AML/CTF legislation, EU financial crime requirements and international sanctions regimes ; Demonstrable ownership across AML, sanctions compliance and fraud risk management , rather than experience limited to one of these areas; Practical understanding of transaction monitoring, customer screening, KYC/CDD, investigations and fraud detection controls; Experience assessing financial crime risks associated with cross-border payments, technology-led financial products or open banking services; Confidence advising Boards and senior executives, including the ability to challenge decisions and explain complex risks clearly; Professional fluency in Lithuanian and English , both written and spoken. Nice to Have Experience with open banking, payment initiation services or account information services ; Previous responsibility for leading or developing a Financial Crime team; Experience improving or automating transaction monitoring, sanctions screening or fraud controls; A relevant qualification such as CAMS, ICA or an equivalent financial crime certification. 🤝 Key Competencies Independent judgement and the confidence to make defensible decisions in high-risk cases; Credible communication with regulators, Board members and senior stakeholders; The ability to turn regulatory obligations into practical, proportionate and scalable controls; Clear ownership of priorities, investigations and remediation commitments; A leadership style that sets high standards while developing capable and accountable teams. ✨ The Employer Offers A senior position with direct Board exposure and meaningful decision-making authority; End-to-end ownership of the AML, sanctions and fraud prevention framework; A gross monthly salary of €5,400–€6,250 , based on experience; Employee share options and the opportunity to benefit from the company’s long-term development; Hybrid work and the option to work abroad for up to 30 days per year; Funded professional training and a clear path for continued career development; Private health insurance and additional holiday entitlement after the first year; An employee referral programme and modern equipment for effective work. If you have already carried senior MLRO accountability and are ready to influence financial crime decisions at Board level, apply to discuss the mandate and the next stage of the process. Divisions AML, KYC and Compliance Role MLRO Locations Lithuania Remote status Hybrid Monthly salary €5,400 - €6,250 Employment type Full-time About HHHUB, UAB Not a generic recruitment agency that just discovered fintech - every placement we make is a step toward a stronger European fintech ecosystem. We connect you with opportunities you won't always find posted publicly, matched to your experience and goals, backed by honest guidance and real support from the first chat to offer. Expect respectful hiring stages, honest feedback, and realistic expectations at every step. We work like insiders, not CV brokers, so you can make the right career decision. Applicant tracking system by Teamtailor