AML Specialist (ODD & Onboarding)

  • Phoenix Payments
  • Vilnius, Lithuania
  • 15/05/2024
Full time Forex Fintech Compliance Legal Sales

Job Description

Phoenix Payments is an international fast-growing fintech company and one of the leading fintech companies in Lithuania (in the top 10). We believe that elegant solutions blossom from simple choices. That is why our company focuses exclusively on the financial needs of businesses by delivering an extensive range of financial services. Our presence across multiple continents guarantees that we can solve our client’s complex, cross-border challenges.

You will be a member of the AML compliance department at the Vilnius office with the primary responsibility to ensure that the organization and our customers are protected from the harms associated with financial crimes.

We need you to join us.

Your mission:

  • Understanding the KYC documentation requirements, internal AML compliance working rules, policies, procedures, instructions, and applying them to the customer onboarding process;
  • Performing know-your-customer (KYC) (CDD/ODD) on potential new/existing customers of the company;
  • Assessing the risk of each new customer and assign the customer with a risk level, prepare the risk analysis/summary/profiles/portraits as well as KYC reviews;
  • Conducting quality KYC profile reviews and ensuring that existing customer accounts are regularly checked in accordance with the company’s policies, standards, and applicable local legal and regulatory requirements;
  • Completing ODD on existing customers of the company by collecting/renewing and verifying all required documentation, including but not limited to entity corporate documentation, information about the purpose and intended nature of the customer’s business relationship, and conducting due diligence research;
  • Conducting a re-assessment of the customer’s risk rating to determine if it is still accurate taking into consideration changed KYC details and relevant factors of customer information collected/renewed during the odd process;
  • Applying a risk-based approach and identifying potential concerning activities (red flags) and/or specific ml/tf risks specific to the customer;
  • Reporting all risks and compliance issues, breaches and suspicious activities to higher management;
  • Performing pep & sanctions screening, negative news and public domain searches on the customers and related parties;
  • Maintaining detailed tracking and proper archiving of collected odd files and documents, their status and other customer record activities to ensure completion of the odd process within required timeframes;
  • Completing other related duties as assigned by the Team Lead/Head of AML;
  • Proactive participation in various projects and supporting our group companies by providing them with AML-related services;
  • Complying with applicable AML/CTF requirements, laws and regulations as well as internal policies and procedures of the company.

Skills required:

  • At least one year of experience in AML, banking, financial, law fields, and/or back office;
  • Solid analytical skills, high level of quality, and attention to detail;
  • Fluent in English both in speaking and writing;
  • Ability to make decisions independently;
  • Strong problem-solving mindset;
  • Ability to handle a varied and complex workload in a fast-changing and new information-filled environment.
  • Experience in the acquiring business, along with an understanding of card scheme principles, is a plus.

We offer:

  • Opportunity to work in a highly skilled professional team and pleasant environment;
  • Professional development opportunities;
  • Continuous improvement of qualifications;
  • Compensated lunch;
  • Free delicious coffee, tea, and fruits in the office;
  • Private health insurance;
  • Great atmosphere and company events + a lot more to explore.

Salary: starting from 2200 EUR gross. The final salary offer depends on the candidate's qualifications, competencies, professional experience, and requirements for the corresponding job function.