Senior Compliance Officer (Regulatory Compliance)

Join our team as a Senior Compliance Officer for Regulatory Compliance!

Yes, you can! That's our attitude towards our work, ambitions, ideas and relationships. We, at Luminor, believe that anyone has the potential to achieve big things and we encourage everyone to achieve them – professionally and personally. 

Whoever you are, and whatever your role is, with Luminor you will get a once-in-a-lifetime opportunity to literally build a local banking champion.

In this position, you will advise Luminor’s business and support lines on various initiatives and projects, oversee compliance risk management, provide independent assessments, and recommend measures to ensure adherence to regulatory requirements. As part of the second line of defense, you will independently advise, monitor, assess, challenge, and report on regulatory compliance risk management. You will closely collaborate with different stakeholders across Luminor on diverse and exciting initiatives, evaluating existing processes and controls, then offering recommendations for their improvement in line with supervisory expectations.

What's In It For You:

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  Gross salary. 2,900 - €3,800 EUR/month, which is to be determined depending on your level of experience and competencies


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  Flexibility. Flexible working hours, remote work and possibility to work from anywhere in EU, Iceland, Switzerland and UK (in total 90 days per year)


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  International teams. Teams that go outside Pan-Baltic borders where people value challenging work together with good humour and having fun


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  More vacation. Additional week of vacation available to all employees who have been in the company for 1 year or more


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  Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes


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  Paid leave. We are proud of our employees who are participating in military trainings. Therefore, Luminor offers 30 fully paid calendar days for military trainings every year


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  Health benefits. A competitive benefits package in addition to your salary that includes health insurance after first 3 months pass in all three Baltic states as well as Health days in case of your absence due to sickness without doctor note needed


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  Wellbeing. Access to tools and resources that help to feel good and be productive at work and in life


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  Professional growth. Internal and external training programs, workshops, conferences, online training etc.

What You Will Do: 

• Contribute to regulatory compliance by conducting independent compliance risk assessments and providing advisory, assurance, and awareness activities


• Assess and oversee compliance risk management in the first line


• Analyze the regulatory environment, trends, and supervisory expectations to ensure proper risk management


• Provide advice on regulatory requirements, redesigning frameworks, processes, and controls for optimal effectiveness


• Monitor external and internal regulatory compliance and follow up on remediation actions


• Oversee various regulatory projects within your area of expertise


• Conduct trainings and awareness sessions on regulatory requirements across Luminor


• Offer insights, support, and guidance to Luminor’s management bodies, contributing to independent compliance risk reporting

What We Expect: 

• Master’s degree in law is highly preferred


• 3+ years of experience in regulatory compliance (work experience in a bank’s compliance or legal function would be seen as an advantage)


• In-depth knowledge and understanding of the European and local regulations pertaining to regulatory compliance and experience in their implementation


• Professional compliance certifications (ICA, or similar) would be seen as an advantage


• Excellent communication and problem-solving skills, ability to effectively communicate information to audiences with varying levels of knowledge and expertise


• Excellent stakeholder management skills


• Ability to think outside-the-box, view the wider organizational risk picture and how different risks interconnect with one another


• Ability to work independently and as part of a team on a pan-Baltic level 










• Fluent English and Latvian languages are required in spoken and written communication due to working on a Pan-Baltic level

 
As the Hiring Team is Pan-Baltic, the recruitment process will happen in English!

Application deadline is 20th of April. We are looking for a candidate primarily already located in Latvia and please apply with your CV in English and PDF format!