Company Mission
Payhawk is a leading global spend management solution for scaling businesses. Headquartered in London and combining company cards, reimbursable expenses and accounts payable into a single product; its future-facing technology enables finance teams to control and automate company spending at scale.
The Payhawk customer base includes fast-growing and mature multinational companies in 32 countries including LuxAir, Quantive, and Wagestream. With offices in New York, London, Berlin, Barcelona, Paris, Amsterdam, Vilnius and Sofia; Payhawk is backed by renowned investors such as Lightspeed Venture Partners, Greenoaks, QED Investors, Earlybird Digital East, and Eleven Ventures.
Our values include supporting flat hierarchies, taking ownership and responsibility, seeking and providing feedback, managing constructive critique, and speaking our minds. We understand that the best ideas don’t all come from the same place, so we encourage diversity and inclusion in all areas of our work.
The future of fintech is about more than money, and we believe in work-life balance, continual learning, and empowered teams. We’re also on a journey to improve our environmental and social impact and become B Corp certified. From virtual cards to digital subscriptions, our software and automation help take paper out of the equation for our customers, too.
We’re changing the world of payments, and we’re looking for an exceptional team to help us.
About the Role
Payhawk Financial Services UAB (‘PFS UAB’) is a licensed Electronic Money Institution (‘EMI’) in Lithuania. As a MLRO You will drive implementation of compliance control, processes and required operations under the regulatory and AML/CTF programs. The successful candidate will work as an integrated part of our global Compliance team, leveraging the broader organisation and resources to ensure that we maintain an effective AML/CTF program and meet all our regulatory compliance obligations.
Responsibilities:
- Oversee the operations of the AML Compliance team, including training, capacity planning, tracking team and advising organisation units on AML/CTF matters.
- Understand local and EU compliance requirements to ensure that all products and services are implemented and are consistent with all applicable local laws and regulations such as the Bank of Lithuania rules and guidance, AML/CTF laws, etc.
- Design, implement and lead robust and client-seamless Risk and Compliance Strategy.
- Provide oversight, risk management, control, support and coordination for AML compliance including money-laundering detection; investigate and provide analysis of any suspicious transactions in accordance with AML regulations; oversee the appropriate record-keeping functions; and make all appropriate filings, and act as the regulators’ primary point of contact.
- Conduct due diligence on new business customer applications, establish and direct ongoing monitoring activities for those applications based upon risk.
- You will be responsible for developing, implementing, and maintaining comprehensive Sanctions policies, procedures, and controls tailored to the organisation's specific risk profile and regulatory requirements.
- Preparation of regular internal and external AML reports, active participation in ongoing audits, and preparation of remediation plans for AML/CFT-related matters.
Requirements:
- Degree in Law, Finance, Economics, Business Management or relevant.
- At least 3-5 years of experience in MLRO or AML/CTF compliance area within the regulated Fintech industry.
- Comprehensive understanding of KYC/KYB regulations and best practices. Proficiency in conducting thorough customer due diligence (CDD) and enhanced due diligence (EDD) for business clients.
- Ability to design, implement, and monitor robust KYC/KYB processes to ensure compliance with relevant regulatory requirements.
- Proven experience in designing, implementing, and managing transaction monitoring systems to detect and prevent money laundering and financial crime.
- CAMS, ICA or equal certification preferred.
- Good reputation and immaculate track record.
- Effective communication skills.
- Fluent in Lithuanian and English (both in speaking and writing).
Salary Details
- 6,000-7,000 Gross
- Offered salary is based on experience and we are open to discussing a different salary based on your skills and background
Company Benefits
- 30 days holiday paid leave
- Competitive compensation package
- Two weeks exchange policy to another Payhawk office (London, Berlin, Barcelona, Sofia)
- Flexible working hours and opportunity to work from home
- Regular team-wide events
- Additional Medical care
- Sports allowance
- Payhawk card with monthly commuting allowance.
Payhawk is an Equal Employment Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status.
