Task information:

• Contributing to building regulatory compliance in third-party management and outsourcing area through independent compliance risk assessment and compliance advisory, assurance, and awareness-raising activities; 
• Assessing, overseeing, and challenging the third-party management and outsourcing frameworks, processes, and controls designed and implemented by the first line of defense to manage compliance risk in the area; 
• Understanding the regulatory environment, emerging trends, regulatory focus, and supervisory expectations to support proper compliance risk management; 
• Providing advice and guidance with respect to the regulatory requirements applicable to third-party management and outsourcing and on redesign the relevant frameworks, processes, and controls to ensure their effectiveness and conformity with the regulations; 
• Monitoring compliance with applicable external and internal regulations and following up on implementation of remediating actions; 
• Overseeing various outsourcing and regulatory compliance projects in the assigned area; 
• Conducting trainings and other awareness-raising activities on regulatory requirements; 
• Providing strategic insight, support, and guidance to Luminor’s management bodies and contributing to independent compliance risk reporting. 

Requirements:

• Higher education, degree level in a legal subject area; 
• 3+ years of experience in third-party and outsourcing risk management (work experience in a bank’s legal, compliance or internal audit function would be seen as an advantage);  
• In-depth knowledge and understanding of the European regulations pertaining to third-party management and outsourcing and experience in their implementation; 
• High degree of English language competency, written and spoken. 
• Excellent communication and problem-solving skills with the ability to think outside the box.  

Company offers:

• Flexibility. Flexible working hours, remote work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and UK (in total 90 days per year); 
• International teams. Teams that go outside Pan-Baltic borders where people value challenging work together with good humor and having fun; 
• More vacation. An additional week of vacation available to all employees who have been in the company for 1 year or more; 
• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes; 
• Health benefits. A competitive benefits package in addition to your salary that includes health insurance in Lithuania and Latvia, and a Wellness package in Estonia. As well as, Health days in case of your absence due to sickness; 
• Wellbeing. Access to tools and resources that help to feel good and be productive at work and in life; 
• Professional growth. Internal and external training programs, workshops, conferences, online training, etc. 

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Contacts

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Confidentiality guaranteed. Only selected candidates will be informed.