MLRO (Latvia)

Our client, an emerging FinTech preparing to obtain an Electronic Money Institution (EMI) license in Latvia, is seeking an experienced Money Laundering Reporting Officer (MLRO) to support the company through its regulatory application and initial setup.

This is a unique opportunity for a seasoned compliance professional to contribute strategic oversight, regulatory credibility, and guidance during the licensing process—while maintaining the flexibility to manage other professional commitments. The successful candidate will be considered for a full-time MLRO position post-licensing.

• Serve as the designated MLRO for the purpose of the company's EMI license application with the Bank of Latvia.

• Lead the development of the company's AML/CFT compliance framework, including drafting policies, procedures, and the business-wide risk assessment required for regulatory submission.

• Ensure that all proposed AML/CFT controls are fully aligned with Latvian legislation, EU AML directives, and FATF standards.

• Act as the key liaison with internal stakeholders, legal advisors, and compliance consultants to ensure all AML/CFT arrangements meet regulatory and operational expectations.

• Serve as the nominated contact for the Latvian regulator during the licensing process, responding to queries and providing additional documentation as needed.

• Support the strategic design of the compliance function in anticipation of transitioning to a full-time MLRO role following license approval.

• 2+ years of experience in AML/CFT, compliance, or risk management within a regulated financial institution (preferably EMI or API).

• Previous involvement in regulatory license applications or launching new financial institutions under Latvian or EU regulation is highly desirable.

• Strong knowledge of Latvian AML/CFT legislation, EU AML directives, and FATF recommendations.

• University degree in law, finance, economics, compliance, or a related field.

• Professional certifications such as ICA, CAMS, or ACAMS are preferred.

• Fluent in English, Latvian, and Russian.

• Must meet the "fit and proper" requirements of the Bank of Latvia, including demonstrable integrity, competence, and a clean regulatory and financial history.

• Flexible, part-time engagement during the licensing phase.

• Competitive compensation: €2,000–€4,000/month, depending on profile and level of involvement.

• B2B contract, with the opportunity to transition into full-time employment upon successful license approval.

• A chance to shape an EMI from the ground up and directly influence the company's strategic direction.