Kredete is entering a critical phase of its expansion into Latvia and the broader EU market. As the Money Laundering Reporting Officer (MLRO), you will be the cornerstone of our compliance strategy, ensuring full alignment with Latvian regulatory requirements and EU AML/CTF standards. This position demands exceptional regulatory insight, sound judgment, and hands-on experience in anti-money laundering and counter-terrorist financing frameworks. Your leadership will directly influence our licensing success and ongoing governance, safeguarding Kredete’s reputation and operational integrity.

Key Responsibilities

• Develop and maintain AML/CFT policies, procedures, and risk assessments in compliance with Latvian regulations and Kredete’s group standards.
• Act as the primary liaison with regulatory bodies (Bank of Latvia, FIU, FCMC) to ensure timely and accurate communication during and after licensing.
• Coordinate with consultants to meet all pre- and post-licensing compliance requirements, including documentation and regulator queries.
• Implement AML/CTF controls post-licensing, including KYC/KYB, transaction monitoring, and reporting obligations.
• Conduct ongoing program reviews, risk assessments, and provide strategic recommendations to management on emerging compliance risks.
• Must have: Recognition/Accreditation by the Central Bank of Latvia
  

Key Performance Indicators (KPIs)

Pre-Licensing:

• 100% on-time submission and approval of AML/CFT documentation with no material deficiencies.
• Positive regulator feedback and zero major findings during inspections.
• Respond to all regulator and consultant queries within 3 business days.
• Weekly progress updates and full documentation of communications.
  

Post-Licensing:

• Implement all approved AML/CFT controls within 60 days of license issuance.
• 100% on-time STR/SAR submissions; zero missed or late reports.
• Conduct internal AML compliance testing twice annually with <10% non-compliance findings.
• Submit quarterly AML/CFT reports to senior management and the board.
• Maintain AML-related records per statutory retention periods and ensure audit readiness within 48 hours.
• Deliver quarterly AML/CFT training with full staff participation.
• Investigate and report compliance breaches within 5 business days, with documented corrective actions.