Sanction Officer

We are looking for a Sanction Officer with a strong background in international sanctions.

This role is ideal for someone who not only understands regulatory requirements but can also apply them in practice: assess sanctions-related risks, identify potential sanctions evasion or circumvention cases, strengthen internal controls, and help ensure that sanctions requirements are properly embedded across the Bank’s processes.

This is a fixed-term opportunity covering a period of parental leave. We are open to considering a permanent contract depending on organizational needs and mutual fit.

RESPONSIBILITIES

• Implementing international sanctions requirements and ensuring their proper application across all relevant Bank processes;
• Strengthening the Bank's sanctions risk management framework and driving continuous improvement of sanctions-related controls;
• Assessing the effectiveness of sanctions risk management measures and providing practical recommendations to improve processes and remediate identified gaps;
• Organizing and coordinating periodic assessments of the Bank's international sanctions risks and the effectiveness of related controls;
• Preparing, reviewing and updating internal documents governing sanctions risk management;
• Initiating and supporting process changes to ensure effective sanctions compliance;
• Identifying and escalating potential sanctions evasion or circumvention cases;
• Independently reviewing and deciding on sanctions risk-related escalations received from the first line of defense;
• Performing quality assurance and control testing to confirm that sanctions processes and controls are well designed and operationally effective;
• Monitoring developments in sanctions regimes and regulatory requirements applicable to the Bank, together with related market trends and typologies, assessing their practical impact and proposing process improvements;
• Developing and maintaining the Bank's sanctions training program and delivering training to relevant stakeholders;
• Preparing sanctions-related reports, insights and recommendations for internal stakeholders and management;
• Working with other teams to ensure sanctions requirements are clearly understood and consistently applied in day-to-day operations.

SKILLS AND EXPERIENCE

• Higher education degree;
• Minimum 2 years of experience in sanctions compliance;
• Hands-on experience implementing international sanctions requirements;
• Strong knowledge of sanctions-related regulatory frameworks, supported by practical experience applying them within financial services;
• Proven ability to independently identify potential sanctions, evasion and circumvention risks;
• Experience managing high-risk clients, transactions and business relationships;
• Ability to independently gather information for investigations and critically evaluate source reliability;
• Awareness of sanctions-related developments and their practical implications for financial institutions;
• Strong analytical skills, attention to detail and sound judgement in making well-reasoned, risk-based decisions;
• Ability to communicate complex regulatory matters clearly and pragmatically to business stakeholders;
• Fluency in English and Lithuanian, both written and spoken.

WE OFFER

• Salary: 4250 - 5460 EUR € (gross)
• Private healthcare insurance
• Three additional paid vacation days a year
• Bonusses for personal celebrations or bereavement
• Flexible working time and hybrid working model
• Parking in Vilnius “Green Zone” or JUDU public transport ticket

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