About Company
Luminor Bank AS is a leading pan-Baltic bank dedicated to serving the financial needs of local businesses and people. Born from the combination of Nordea and DNB operations in the Baltics, Luminor brings together Nordic banking values with a strong local understanding. We are committed to fostering sustainable growth, innovation, and digital excellence, providing a comprehensive range of financial services including retail banking, corporate banking, asset management, and insurance. With a strong focus on compliance and ethical conduct, Luminor plays a pivotal role in ensuring the stability and integrity of the financial sector across Estonia, Latvia, and Lithuania. We pride ourselves on a collaborative work environment, continuous professional development, and a culture that values integrity, transparency, and customer-centricity. Join us to be part of a dynamic team shaping the future of banking in the Baltics.
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Job Description
Are you passionate about financial integrity and navigating the complexities of regulatory frameworks? Luminor Bank AS is seeking a diligent and detail-oriented Financial Compliance Analyst to join our esteemed Compliance team in Riga. In this critical role, you will be instrumental in safeguarding Luminor’s reputation and ensuring strict adherence to an evolving landscape of local and international financial regulations. You will work within a dynamic environment, contributing to the development and implementation of robust compliance programs that cover areas such as Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), MiFID II, GDPR, and other pertinent banking regulations. This position offers a unique opportunity to apply your analytical skills, regulatory knowledge, and keen eye for detail to mitigate risks, identify compliance gaps, and foster a culture of ethical conduct across the organization. If you are a proactive professional with a solid understanding of financial crime prevention and regulatory requirements, eager to make a tangible impact, we encourage you to apply. You will play a key role in protecting our customers and our institution from financial risks and ensuring we operate with the highest standards of integrity.
Key Responsibilities
- Conduct in-depth analysis of financial transactions, customer data, and internal processes to identify potential compliance breaches or suspicious activities.
- Assist in the development, implementation, and maintenance of compliance policies, procedures, and controls in line with regulatory changes and industry best practices.
- Monitor the effectiveness of existing compliance programs, performing regular reviews and testing to ensure adherence to regulatory requirements (e.g., AML, KYC, sanctions, MiFID II, GDPR).
- Prepare comprehensive compliance reports for senior management and regulatory bodies, highlighting key findings, risks, and recommendations.
- Provide expert advice and guidance to business units on compliance-related matters, fostering a strong compliance culture across the bank.
- Stay abreast of new and evolving local (FCMC) and international financial regulations, assessing their impact on Luminor’s operations and recommending necessary adjustments.
- Participate in internal and external audits, ensuring all required documentation and information are accurately provided.
- Support the investigation of compliance incidents, providing data analysis and contributing to remediation efforts.
- Contribute to the development and delivery of compliance training programs for employees.
Required Skills
- Minimum of 3 years of experience in a compliance, risk management, or regulatory role within the financial services industry.
- Strong understanding of key financial regulations applicable in the Baltics and EU (e.g., AML/CTF, MiFID II, GDPR, sanctions regimes).
- Excellent analytical and problem-solving skills, with the ability to interpret complex regulations and apply them practically.
- Proficiency in data analysis tools and techniques, with strong attention to detail.
- Exceptional written and verbal communication skills in English, capable of producing clear and concise reports.
- Ability to work independently and as part of a team in a fast-paced, dynamic environment.
- Bachelor's degree in Finance, Law, Economics, Business Administration, or a related field.
Preferred Qualifications
- Professional certification such as CAMS (Certified Anti-Money Laundering Specialist), ICA (International Compliance Association), or equivalent.
- Experience with compliance management software and transaction monitoring systems.
- Knowledge of local Latvian regulatory requirements (FCMC).
- Fluency in Latvian or Russian is an asset.
- Master's degree in a relevant field.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health insurance package, including dental and vision.
- Opportunities for continuous professional development, training, and certifications.
- Flexible hybrid work model, blending office presence with remote work capabilities.
- Modern and ergonomic office environment in the heart of Riga.
- Employee discounts on banking products and services.
- Supportive and inclusive work culture, fostering collaboration and growth.
- Company-sponsored social events and team-building activities.
How to Apply
Interested candidates are encouraged to click the application link below. Please submit your resume and a cover letter outlining your relevant experience and why you are the ideal candidate for this role.
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