AML & Compliance Board Member

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Head of Compliance overseeing AML/CTF and compliance framework for a new Electronic Money Institution in Latvia. Seeking an experienced AML professional for a founding governance role in FinTech.

Posted 6/25/2026part-time🇱🇻 LatviaMid-LevelSenior💰 €4,000 - €5,000 per monthWebsite

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Hard Skills

AMLCTFfinancial crime preventionrisk managementregulatory oversightsanctions complianceAML risk assessmentsgovernance structuresregulatory inspectionslicensing projects

Soft Skills

independent oversightconstructive challengeguidancestrategic contributioncommunicationcollaborationproblem-solvingleadershipcritical thinkingadaptability

Industry Keywords

Latvijas BankaEU AMLDEBA guidelinesFATF standardsfinancial regulatorsEMIpayment institutionregulated fintechcompliance strategyFit & Proper requirements

About the role

Key responsibilities & impact

Provide independent, Board-level oversight of the institution’s AML/CTF, sanctions, and financial crime prevention framework.
Ensure the Company maintains effective governance, policies, internal controls, and risk management arrangements in line with Latvijas Banka’s supervisory expectations and applicable EU/Latvian AML legislation.
Review and formally approve AML risk assessments, policies, and monitoring arrangements presented to the Board.
Act as an independent voice at the Board level, able to constructively challenge executive management and the MLRO on material compliance matters.
Contribute to the EMI licensing process with Latvijas Banka, including participation in regulatory interactions, fit-and-proper assessments, and the preparation of the institutional AML/CTF program.
Support regulatory inspections, supervisory requests, and any remediation initiatives as required.
Monitor relevant regulatory developments across the EU AMLD, EBA guidelines, FATF standards, and Latvian national legislation, and advise the Board accordingly.
Provide guidance on the design and ongoing enhancement of AML/CTF policies, procedures, and governance structures appropriate for a regulated EMI.
Act as a senior escalation point for significant financial crime issues referred by the MLRO or Compliance Officer.
Contribute to the Company’s long-term regulatory and compliance strategy as the business grows and evolves.

Requirements

What you’ll need

Bachelor's or Master's degree in Law, Finance, Economics, Risk Management, Compliance, Banking, Business Administration, or a related field.
5–10+ years of experience in AML/CTF, compliance, financial crime prevention, risk management, or regulatory oversight within a regulated financial institution.
Previous experience as an MLRO, Head of Compliance, AML Director, Board Member, or senior compliance professional within an EMI, payment institution, bank, or regulated fintech.
Demonstrated experience working with financial regulators and participating in regulatory inspections, licensing projects, or remediation programmes.
Prior engagement with Latvijas Banka, FKTK, or other EU financial regulators will be considered a strong advantage.
Deep knowledge of EU AML/CTF legislation, Latvian AML regulations, EBA guidelines, and FATF standards.
Strong expertise in AML/CTF frameworks, financial crime risk management, sanctions compliance (EU, UN, OFAC), and regulatory governance.
Solid understanding of Board-level oversight responsibilities, governance structures, and the distinction between non-executive oversight and operational compliance functions.
Proven ability to review AML/CTF risk assessments, internal controls, monitoring frameworks, and financial crime risk management arrangements.
Ability to successfully meet the Fit & Proper requirements of Latvijas Banka.
Professional proficiency in English and Latvian.

Benefits

Comp & perks

Part-time Board appointment offering flexibility alongside other professional commitments.
Opportunity to play a founding governance role in the establishment of a new Electronic Money Institution (EMI) licensed and supervised by Latvijas Banka.
Direct involvement in the licensing process , regulatory interactions, and the development of the institution's AML/CTF and compliance framework.
Opportunity to contribute to the long-term growth and governance of a regulated financial institution as part of an experienced international financial services group.
Competitive remuneration and additional terms to be agreed during the selection process.