Our client, a reputable and well-established UK-based Neobank and payment platform, is expanding its operations across the EU and is currently in the process of applying for an Electronic Money Institution (EMI) license in Latvia.
As part of this strategic growth, the company is seeking an experienced Money Laundering Reporting Officer (MLRO)to join its team in Latvia and lead compliance efforts in the region. 

🔍 Role Overview:

We are looking for a highly skilled Head of AML | MLRO to take ownership of the company’s AML and Compliance functions.
The successful candidate will play a central role in leading the Electronic Money Institution (EMI) license application process, building and embedding a comprehensive AML/CTF framework, and ensuring full regulatory compliance — both during the licensing phase and as the business moves into full operational activity.

🔍 Responsibilities:

During the EMI License Application Phase:

• Lead the end-to-end preparation and submission of the EMI license application in Latvia.
• Serve as the primary point of contact with the Central Bank of Latvia, managing all regulatory correspondence.
• Design and implement the company’s AML/CTF policies, procedures, and internal control systems in line with local and EU regulatory expectations.
• Advise senior leadership on compliance obligations, licensing requirements, and regulatory best practices.
• Ensure the business is fully prepared from a compliance perspective ahead of launch.
• Finalize operational compliance documentation and align frameworks with acquiring and banking
• Support the configuration of internal systems to ensure effective customer onboarding, risk scoring, and transaction monitoring capabilities.

Active EMI License Phase:

• Take on the formal role of MLRO and Head of Compliance, responsible for overseeing day-to-day compliance and AML/CTF operations.
• Manage customer due diligence, ongoing monitoring, investigations, and reporting of suspicious activity in line with legal requirements.
• Build and expand the compliance team in step with company growth, ensuring strong governance and internal oversight.
• Continuously evaluate and enhance AML controls, internal processes, and risk management procedures to meet evolving regulatory and business needs.

🎓 Requirements:

• Background in fintech, payments, or fast-paced financial services is preferred.
• Track record of building effective compliance frameworks and controls.
• Proven AML/Compliance experience within licensed financial institutions
• Strong grasp of EU AML/CTF rules and Latvian compliance regulations.
• Prior involvement in license applications in Latvia is a strong plus.
• Excellent communication skills, comfortable with regulators and executives.
• Detail-oriented with a proactive approach to risk and compliance updates.
• Fluent in English and Latvian
• Relevant certifications (e.g., CAMS, ICA)

✨ The Employer offers:

• Full-time executive role as Head of AML | MLRO, with a competitive compensation package.
• A rare opportunity to shape and lead the AML/Compliance function from the ground up.
• Direct participation in launching and growing a newly licensed fintech business in the EU.
• A seat at the leadership table, contributing to strategic decisions and long-term direction.
• Hands-on involvement in the EMI licensing process and direct communication with regulators.
• The chance to work in a fast-paced, innovation-driven environment with strong international backing.
• An international and collaborative culture that values expertise, autonomy, and initiative.