Money Laundering Reporting Officer (MLRO)

Location: Vilnius, Lithuania Work: Hybrid Type: Full-time Mission Pax2pay is a rapidly growing FinTech business on a mission to modernise and simplify payments for the travel industry. Our customers are some of the biggest players in the travel sector, and our partners are key players in the FinTech world. Established in 2019, we are a growing team with the aim of becoming the number one choice for B2B payments within the UK and EEA. History Pax2pay has an award-winning digital payment solution, making travel payments easier, faster, and safer for the entire travel industry. We enable businesses to pay for their business costs via virtual cards and bank transfers — everything from hotel bookings to flights, travel transfers to tour bookings, utilities to SaaS subscriptions — whatever it is, we've got you covered. Pax2pay has settled billions of pounds worth of transactions, won numerous industry awards including 'Most Disruptive Payments Technology', and supported some of the largest and most successful players in the travel space. The Opportunity This is a rare chance to build a compliance function from the ground up. Pax2pay's Lithuanian entity, UAB Pax2pay, is working towards securing an Electronic Money Institution (EMI) licence from the Bank of Lithuania — and as MLRO, you'll be at the centre of that journey, not joining after the hard part is done. You'll help shape the licence application itself, build the policies and controls it depends on, and hire and grow the team that will run AML/CTF for the business as it scales. It's a genuine opportunity to build something from scratch and grow into a senior leadership role as the Vilnius office expands. The Role Pax2pay is looking to hire a full-time Money Laundering Reporting Officer (Pinigų Plovimo Ir Teroristų Finansavimo Prevencijos Atitikties Pareigūnas) for its Vilnius office. Ahead of the EMI licence being granted, the MLRO will work closely with Pax2pay's UK AML and Operations teams, and will lead the build-out of the AML/CTF/sanctions framework that underpins the licence application. Once licensed, the MLRO will take on full responsibility for managing the company's obligations related to the prevention, identification, and reporting of money laundering, terrorism financing, proliferation financing, and sanctions evasion — designing, implementing, evaluating, and championing a culture of AML/CTF compliance throughout the organisation. Alongside this, the MLRO will build and lead the Vilnius compliance team as it grows. Responsibilities Working closely with Pax2pay's UK AML and Operations teams in the run-up to the EMI licence being granted Leading the AML/CTF/proliferation financing/sanctions evasion workstream of the Bank of Lithuania EMI licence application, including drafting the policies, procedures, and risk assessments, required for licensing, also later during normal company’s activities Building, managing, and growing the Vilnius AML, CTF, sanctions team…