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Money Laundering Reporting Officer (MLRO)

Meet Nuvei, the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

At Nuvei, we live our core values, and we thrive on solving complex problems. We’re dedicated to continually improving our product and providing relentless customer service. We are always looking for exceptional talent to join us on the journey!||

Your mission:
As a MLRO you will oversee the AML/CFT Compliance Program of UAB Nuvei and will be responsible for the design and monitoring of the AML/CFT Compliance Program.
The role involves assessing AML/CFT compliance of new products, providing AML/CFT related advice, addressing policy matters and managing relationships with supervisory authorities.

Key responsibilities include, but are not limited to:

  • Assessing the AML/CFT compliance of new products, services, processes and contributing to the risk assessment of associated AML/CFT risks of new products/services;
  • Designing and overseeing the AML/CFT compliance program, identifying documentation and control failures or gaps, assisting in the remediation efforts, where needed, and overseeing the correction of the identified gaps of AML/CFT area;
  • Drafting and maintaining robust AML/CFT policies/procedures, monitoring AML/CFT compliance systems and contributing and overseeing AML/CFT enterprise-wide risk assessment;
  • Overseeing higher risk customers. Assessing high risk customers and providing opinions on whether to start or continue business relationship with such customers;
  • Providing detailed, timely reports to the Management Board, the Company’s management, supervisory authorities, FCIS, according to the applicable reporting cadence;
  • Providing advice on AML/CFT compliance topics to business units and other stakeholders;
  • Acting as primary liaison with supervisory authorities, FCIS, consultants/ law firms, partners on matters related to AML/CFT;
  • Being responsible for the Company’s AML/CFT internal training plans, documentation, and delivery.

Qualifications include, but are not limited to:

  • 5+ years of experience in AML compliance, with at least 3+ years spent in a Senior Position within Lithuanian financial services institution/obliged entity supervised by the Bank of Lithuania/FIU;
  • Bachelor's degree in Law, Finance, Business, or a related field;
  • Tech-savvy & being able to use multiple different internal/external systems & databases to collect & assess information;
  • Be up to date with local & international standards & regulations in AML/CFT;
  • Strong analytical skills and the ability to interpret complex data to identify patterns and trends;
  • Ability to engage various stakeholders & align them with Company’s compliance culture;
  • Excellent bilingual English & Lithuanian communication skills both written & verbal;
  • Advanced degrees or certifications (e.g., ICA, CAMS, CFE) are a plus. 

Monthly salary 4000 - 6400 EUR (gross before taxes). Specific salary is offered based on competence, work experience, and compliance with other job requirements.

  • Monthly LIDL or WOLT food allowance;
  • Hybrid working model;
  • 2.5 additional vacation days of annual leave a quarter, if the company hits quarterly targets;
  • Private health insurance;
  • One-month workcation;
  • Cool and modern penthouse office in Vilnius city;
  • Annual bonus depending on company and individual results;
  • Space for personal and professional growth, training, giving back to community activities;
  • Office perks, a great atmosphere, company events and a lot more to explore.

Nuvei is an equal-opportunity employer that celebrates collaboration and innovation and is committed to developing a diverse and inclusive workplace. The team at Nuvei is comprised of a wealth of talent, skill, and ambition. We believe that employees are happiest when they’re empowered to be their true, authentic selves. So, please come as you are. We can’t wait to meet you.
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Average salary estimate

$62400 / YEARLY (est.)
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$48000K
$76800K

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What You Should Know About Money Laundering Reporting Officer (MLRO), Nuvei

Meet Nuvei, a Canadian fintech powerhouse dedicated to enhancing our clients’ businesses across the globe. As a Money Laundering Reporting Officer (MLRO) at Nuvei, you will play a pivotal role in safeguarding our operations by overseeing the AML/CFT Compliance Program. This means you’ll be actively assessing the compliance of new products, crafting and maintaining robust AML/CFT policies, and providing vital advice to different business units. It’s about being proactive in addressing policy issues, managing relationships with supervisory authorities, and ensuring that our compliance standards not only meet but exceed regulations. You'll get to collaborate with various stakeholders, analyze complex data to identify potential risks, and build internal training plans that keep everyone informed about compliance. Plus, you'll have an exciting opportunity to engage with high-risk customers, ensuring the safety and security of our services across more than 200 markets. With a focus on inclusivity and collaboration, Nuvei is the ideal place to harness your skills and grow your career while enjoying perks like a hybrid working model, additional vacation days, and a fantastic office atmosphere. We thrive on innovation and are eager to welcome exceptional talent that shares our commitment to excellence. So, if you’re ready to make a significant impact in the fintech landscape, Nuvei awaits you with open arms!

Frequently Asked Questions (FAQs) for Money Laundering Reporting Officer (MLRO) Role at Nuvei
What are the main responsibilities of a Money Laundering Reporting Officer (MLRO) at Nuvei?

As a Money Laundering Reporting Officer (MLRO) at Nuvei, your primary responsibilities include overseeing the AML/CFT Compliance Program, assessing compliance of new products, and drafting robust policies and procedures. You will also manage relationships with supervisory authorities and provide timely reports and advice regarding compliance matters to various stakeholders.

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What qualifications do I need to apply for the Money Laundering Reporting Officer (MLRO) position at Nuvei?

To qualify for the Money Laundering Reporting Officer (MLRO) role at Nuvei, you should have at least 5 years of experience in AML compliance, including 3 years in a senior position within a Lithuanian financial services institution. A Bachelor's degree in Law, Finance, Business, or a related field is required, along with strong analytical skills and bilingual communication in English and Lithuanian.

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What is the salary range for the Money Laundering Reporting Officer (MLRO) position at Nuvei?

The salary range for the Money Laundering Reporting Officer (MLRO) at Nuvei is between 4,000 and 6,400 EUR monthly, depending on your competence, work experience, and alignment with job requirements. This competitive salary reflects the critical nature of the role in our compliance efforts.

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What benefits are offered to Money Laundering Reporting Officers (MLRO) at Nuvei?

Money Laundering Reporting Officers (MLRO) at Nuvei enjoy various benefits, including a hybrid working model, additional vacation days based on company performance, private health insurance, a monthly food allowance, a one-month workcation, and opportunities for personal and professional growth. These perks enhance work-life balance and support employee well-being.

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How does Nuvei ensure compliance with AML/CFT regulations in the MLRO role?

At Nuvei, compliance with AML/CFT regulations is ensured through a comprehensive AML/CFT Compliance Program overseen by the Money Laundering Reporting Officer (MLRO). This includes regular assessments of new products, maintaining up-to-date policies, conducting risk assessments, and providing training to staff on compliance issues.

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Common Interview Questions for Money Laundering Reporting Officer (MLRO)
Can you describe your experience in AML compliance as it relates to the MLRO position at Nuvei?

When answering this question, discuss specific roles and responsibilities you've had in AML compliance, highlighting your achievements and the impact of your decisions. Mention any relevant technologies or methodologies you utilized, and explain how these experiences have prepared you for the MLRO role at Nuvei.

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How do you assess the AML/CFT compliance of new products?

You should explain your approach to evaluating new products by discussing how you identify potential risks and assess existing controls. Highlight your analytical skills, detailing frameworks you would use to ensure compliance with AML/CFT regulations.

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What strategies do you use to engage stakeholders on compliance issues?

Emphasize the importance of communication and collaboration. Share examples of how you've successfully aligned various stakeholders with compliance goals in previous roles, illustrating your ability to foster a compliance culture.

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How do you stay updated with local and international AML/CFT regulations?

Talk about specific resources you use, such as industry publications, regulatory body updates, or networking with professionals in the field. Make it clear that continuous learning is vital in your role as an MLRO.

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Can you provide an example of a significant compliance issue you handled in your previous roles?

Discuss a particular compliance challenge you've faced, focusing on your problem-solving skills and the steps you took to resolve the issue. Highlight the outcome and what you learned from the experience.

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What experience do you have with high-risk customers?

Explain your experience working with high-risk clients, such as how you evaluated their profiles, the data you analyzed, and how you made informed decisions regarding business relationships.

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How do you approach drafting AML/CFT policies and procedures?

Describe your methodology for drafting policies, including research, collaboration with other departments, and how you incorporate feedback. Mention any frameworks or standard practices you follow.

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What tools or systems do you use for AML compliance monitoring?

Mention specific tools or software you have experience with and how you've leveraged technology to enhance compliance monitoring. Highlight any experience with systems that Nuvei currently uses, if applicable.

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How do you handle pressure and tight deadlines in compliance?

Discuss your time management skills and techniques you employ to prioritize tasks effectively. Provide examples of past experiences where you successfully met deadlines, illustrating resilience and adaptability.

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What do you believe are the key challenges facing MLROs today?

Talk about current challenges in the AML/CFT landscape, such as emerging technologies, evolving regulatory requirements, or the complexity of global transactions. Explain your perspective on how Nuvei can navigate these challenges.

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OUR PURPOSE Accelerating our customers' business. HOW WE DO IT By being flexible and agile, we provide the payment technology and insights our customers and partners need to succeed locally and globally with one integration. OUR VALUES Innovati...

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Full-time, hybrid
DATE POSTED
December 8, 2024

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