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Regulatory Compliance Manager (Payments) Job in Lithuania
Revolut , Lithuania

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1 Year
0 - 0
Job Type
Job Shift
Job Category
Requires Traveling
Career Level
As mentioned in job details
Total Vacancies
1 Job
Posted on
Feb 22, 2021
Last Date
May 22, 2021

Job Description

Revolut is seeking an experienced Regulatory Compliance Manager specialising in payments to ensure that the Revolut Regulatory Compliance Frameworks are compliant with the relevant regulations and the proper controls exist. The Regulatory Compliance Manager will be working in our Vilnius office with a team of Regulatory Compliance Managers focusing on different regulatory fields.
This position is critical to support the growth of Revolut’s business and will be the focal point for all activity within Revolut relating to regulatory compliance. This role will require the development and maintenance of Revolut’s compliance strategies and relevant policies and ensure their rigorous implementation across all functions within the business, while guaranteeing sustained regulatory compliance.
At Revolut, we are committed to the highest standards of control, governance and independent oversight. We are searching for someone with extensive experience in the payments industry and proven experience in a compliance function that is excited to design, lead and shape the future of oversight and compliance.
Strong problem solving, operational process and analytical skills are a must as is experience working with the Bank of Lithuania. This role will demand high-levels of energy and creativity, an entrepreneurial spirit and the desire to work in a growing and changing environment.
Salary: 4000 -6000 Euros (Gross Monthly)
Developing, managing, refining and documenting regulatory compliance processes to manage regulatory risk and provide reporting which meets the needs of the regulator, local and Group managementScanning the horizon for the upcoming relevant regulations and coordinating efforts of complying with themConducting thematic reviews of existing policies / procedures and processes to identify any compliance gaps and leading the remediation where any are identifiedMonitoring and testing the existing compliance controlsWorking closely with the Group Regulatory Compliance function and other senior managers across the business to identify, assess, update and mitigate the regulatory compliance risks posed to Revolut and determining the priorities and resources required to effectively control themCommunicating with all necessary staff to ensure they understand their responsibilities and are trained in Revolut policies and proceduresReceiving and promptly responding to enquiries from the regulatorSupport to the business where necessary regarding the launch of products to ensure regulatory requirements are met, as appropriateWork cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policiesCollaborate with internal Compliance teams (such as Financial Crime, Compliance Operations, Risk amp; Controls) to identify clear steps necessary to mitigate those regulatory risks and provide those recommendations in the form of clear business requirementsPartner with Product Owners to educate and drive the appropriate execution of compliance requirements
+5 years of experience in compliance role in a payment service provider licenced in Lithuania / at the regulator institutionProject management and communication skills including the ability to oversee implementation of complex projectsKnowledge and experience of best practice in Lithuanian and regional payment regulations (note that compliance with anti-money laundering regulations is outside the scope of this role)Problem-solving and decision-making skills, with the ability to analyse complex information to identify the key issue/action and drive resolutionDeep knowledge of the Lithuanian and EU regulatory environment and key regulatory compliance regimes.Understanding of payments systems and markets with a focus on technology and mobile applicationsFluent in English and LithuanianA Bachelor’s degree in law, with a relevant Master’s Degree preferred
For information on your rights and personal data processing please read ourPrivacy Notice for CandidatesA little about usWhen Revolut was founded in 2015, we had a vision to build a sustainable, digital alternative to traditional big banks. Our mission now is to help our customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which we operate. Launching into 2020 with 10 million Personal customers and over a quarter of a million Business customers only reinforced our belief in the vast need across the world for better financial services. As our customer base has boomed in the last year, we’ve expanded our team to match that growth. We started 2019 with several hundred employees; we closed it out with 2000.
What we’re looking forRevolut is being scaled up by people all around the world who share our vision. We’re looking for people who align with our four core values: we Never Settle, we Get It Done because we Think Deeper and we’re Stronger Together.You’re the kind of person who wants to join a community of forward-thinking people, all personally and professionally invested in Revolut’s mission. You thrive in a collaborative space where everyone’s learning from each other, and learning fast. We believe in empowering our Revoluters in their work, giving them autonomy and ownership of what they do. We want everyone at Revolut to own their story and their successes - working with us means you’re not just another cog in the machine.
THE BENEFITS• Competitive salary• Biannual equity bonuses• Medical insurance • All the latest tech you need• Roll with a free Revolut Metal subscription

Job Specification


Information Technology and Services - London, United Kingdom