Find Compliance Officer Opportunities in Latvia

In Latvia, a Compliance Officer plays a crucial role in ensuring that organizations comply with legal and regulatory requirements. They develop and implement compliance programs, conduct risk assessments, and provide guidance to promote ethical behavior and risk mitigation within the company.

Exciting Fact: Latvia has specific compliance regulations related to money laundering and anti-terrorism financing, including the Law on the Prevention of Money Laundering and Terrorism Financing. Compliance Officers in Latvia are responsible for combating financial crimes and ensuring compliance with these regulations.

The main duties of a Compliance Officer in Latvia include conducting compliance assessments, internal audits, and investigations. They provide training and awareness programs to employees, monitor regulatory changes, and collaborate with internal stakeholders to address compliance gaps and ensure adherence to regulations such as the Latvian Personal Data Protection Law.

Key skills required for this role in Latvia include a strong understanding of legal and regulatory frameworks, excellent analytical and communication skills, and knowledge of anti-money laundering and data protection regulations. A bachelor's degree in law, business, or a related field is often required, and certifications such as Certified Compliance Officer (CCO) can be beneficial.

Opportunities for Compliance Officers in Latvia can be found in cities like Riga, Daugavpils, and Liepaja, where many financial institutions, regulatory bodies, and international companies have their presence. The finance and banking sectors offer significant employment prospects for compliance professionals.

The expected salary range for Compliance Officers in Latvia is between EUR 25,000 and EUR 45,000 per year, depending on experience, qualifications, and the size of the organization. The hourly rate can vary from EUR 12 to EUR 22.