Senior VP responsible for model validation and risk assessment in financial services. Collaborating with teams to manage model risk and regulatory compliance in Pune.
About the role
- Join Luminor Group as a Risk Officer handling sanctions-related investigations and compliance. Focus on regulatory requirements and process improvements in a dynamic banking environment.
Responsibilities
- Investigate sanctions-related cases and determine if they are false positives or require escalation to Compliance
- Advise other structural units on sanctions-related inquiries
- Support the organization with sanctions-related topics and contribute to internal training
- Identify potential gaps in existing processes and report to the Team Lead on necessary actions for compliance
- Monitor changes in Sanctions programs applicable to the bank and identify trends
- Ensure compliance with regulatory requirements in the sanctions area and Luminor's Sanctions Framework
- Contribute to process improvements for efficiency and alignment
Requirements
- Higher education degree (preferably in law, finance or economics)
- Fluency in Lithuanian and English (verbal and written)
- Experience in Sanctions area
- Certification in Sanctions area (advantage)
- Understanding of bank products and processes
- Structured way of working and very good writing skills
- Analytical skills and holistic, strategic mindset
- High level of motivation combined with networking skills, initiative, creativity, ethical standards, and commitment to results
Benefits
- Flexible working hours
- Hybrid work
- Possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (90 days per year)
- Additional weeks of vacation for employees with more than 1 year tenure
- Volunteer time off
- 30 fully paid calendar days for military training annually
- Health insurance after the first 3 months in all three Baltic states
- Health days for sickness without a doctor's note
- Professional growth opportunities through internal and external training programs, workshops, conferences, online training
- Special offers & pricing for Luminor products & services
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