Compliance Officer (Vilnius, Lithuania)

Compliance Officer (Vilnius, Lithuania)

Our client is a top European FinTech Group which revolutionized their local financial services industry in the 1970s.   Today, the company continues to grow its influence in the global FinTech sphere and they are seeking to hire a Compliance Officer for their Lithuania branch.

Responsibilities:

• Oversee client onboarding in line with compliance regulatory requirements and the Company’s acceptance policy
• Assist in ensuring that the Company complies with its licensing conditions in relation to Conduct of business rules that emanate from the MIFID, MIFIR, Delegated Regulations, Regulatory and Implementing Technical Standards, Guidelines and Q&As;
• Assist in ensuring that the Company is Compliant with new Investment Firm Directive for Capital Requirements enacted in June 2021;
• Assist in ensuring that the Company is compliant with its European Markets infrastructure regulations and monitoring of positions and reporting by the Company;
• Ensuring that the digital investment services are undertaken in line with regulatory requirements and applicable legislation.
• Ensure that the Company is compliant in relation to MIFIR obligations in relation to trade disclosures and reporting;
• Actively involved in the designating and implementing Conflict of Interest Policies, Best Execution Policies, and Remuneration Policies and regular reviewing of same;
• Handle Complaints in accordance with the Complaints handling Policy, undertake oversight and make representations about the Company.
• Provide guidance and advice on legal and regulatory matters such as probates and transfers of deceased estates and contractual agreements.
• Actively participate in the execution of the Compliance Monitoring Programmes and drawing up the monitoring reports in a timely manner and take an active role in the compliance reporting, including reporting to the Board/Authority and other stakeholders.
• Actively participate in the implementation of outsourcing requirements and ICT Guidelines, as well as the monitoring and execution thereof.
• Vet any incident reporting with a view to assessing the impact and materiality and root causes so as to ensure that the risks and controls and mitigates in place are effective.
• Liaise with the Risk and MLRO on a continuous basis with a view to understand the risk and implement coherent and effective mitigants.
• Remain abreast with new regulations and circulars and engage in continuous learning and development regarding changes in rules and regulations that would require to be implemented.
• Assist in preparation, vetting, and screening of Offering Supplements, Prospectuses, Factsheets, KIIDS in relation to proprietary Funds of the Company;
• Assist in ensuring that the Company is compliant with the GDPR, including assisting the DPO in relation to data inventory, Data Protection Impact Assessments, Requests for Data Rights by Clients, and record-keeping obligations;

Qualifications

1. Resident in Lithuania, preferably Lithuanian
2. Excellent written and oral skills in English and Lithuanian
3. An understanding of the investment services business and related conduct of business rules
including MIFID, MIFIR, MAR, EMIR, GDPR, and other Regulations, Circulars, and Directives
4. Experienced in investment services firms and financial brokerage firms (experience with
management companies will be an asset)
5. Tertiary level of education in legal studies or a post-graduate qualification in regulatory
compliance or finance or economics or related qualifications