Ongoing Due Diligence (ODD ) Analyst

Job Title: Ongoing Due Diligence (ODD ) Analyst

Location: Vilnius

Term: Permanent

Salary: €1200 to €1500

Reports to: Client Onboarding and Risk Team Lead

About us

B4B Payments is a multi-award-winning, global financial services technology company offering an advanced transaction payments platform and APIs for emerging payments and financial services. Our flexible technology and comprehensive services include embedded finances, payment accounts, FX, rapid payouts, physical and virtual card issuing, and BIN sponsorship.

With over 18 years of expertise in payments, B4B Payments is headquartered in the UK. In Europe, B4B Payments is regulated as an e-money institution (EMI) authorised by the Financial Conduct Authority (FCA) and the Bank of Lithuania and is a Mastercard® Principal Member.

B4B Payments’ US division (B4B Payments USA, Inc. ) is based in Boston, MA, and specialises in enabling companies to reduce costs and increase efficiency in managing corporate expenditure and global payouts.

B4B Payments Europe and US divisions offer full and partial program management and support, in addition to comprehensive technical, regulatory, and service support to fintechs looking to launch or grow domestically and internationally.

B4B Payments is a Banking Circle Group company. A next-generation financial technology platform for global commerce, Banking Circle Group comprises a rich set of complementary e-commerce solutions. From international cross-border payments, accounts and liquidity management, and embedded finance to business payments & card issuing, B2B Buy Now Pay Later, and account-to-account payment methods, the ecosystem is delivering modern financial solutions to some of the largest and most successful companies around the world, as they accelerate the digitalisation of their customer and supply-chain.

About the role

We are seeking a detail-oriented and analytical Ongoing Due Diligence (ODD ) Analyst responsible for ongoing due diligence to join our team.

In this role, you will be responsible for monitoring, assessing, and reporting on the ongoing performance and risk profile of our clients. You will play a key role in ensuring that our clients’ ongoing operations align with regulatory standards and contractual obligations, while identifying potential risks or red flags.

The successful candidate will assist the Team Lead in identifying risks and suggesting improvements to the existing processes.

Key Responsibilities

• Be responsible for conducting Ongoing Due Diligence (ODD) on our clients, which includes reviewing and evaluating their activities, collecting necessary documentation, and sourcing external information to assess compliance and risk.
• Be responsible for reviewing a variety of registries, business and customer databases. This will involve using a combination of third-party and internal tools to conduct background checks, perform research, verify documents, and assess financial crime risks through both internal and external sources.
• Identify and escalate any issues, anomalies, or discrepancies that may require attention or corrective action.
• Prepare detailed due diligence reports, including risk assessments, financial analyses, and recommendations.
• Collaborate with cross-functional teams, including Legal, Finance, Account Management and Operations, to ensure all areas of due diligence are thoroughly addressed.
• Actively contribute to the automation of the ongoing due diligence process by providing insights and suggestions for further IT development and improvements
• Maintain up-to-date knowledge of regulatory changes and market conditions relevant to ongoing due diligence activities.
• Communicate findings and recommendations to the Team lead.

Skills and Knowledge Required

Essential (Need to have)

• Minimum of 2 years of experience in CDD, ODD, financial analysis, or a related field.
• Strong understanding of KYB, risk analysis, and compliance procedures.
• Excellent communication skills, both written and verbal, with the ability to present complex information to diverse audiences.
• Fluent English both in speaking and writing

Desirable (Nice to have)

• High attention to detail, with strong organizational and time management skills.
• Ability to work independently and as part of a team in a fast-paced environment.

Package

The role offers:

• Monthly salary of EUR 1200 to 1500 net (the final offer will depend on your competencies, experiences and qualifications).
• Supplementary health insurance.
• Career opportunities.
• Annual wellness day off
• Location – great office location in Vilnius City centre, Lithuania.
• Hybrid work model.
• Free coffee, tea, and monthly breakfast in the office with the team.

Make a difference:

We’re always on the look out for talented individuals to help take us further – It’s important to us to hire the right people and where you can grow work out a role that works.

Our Values

• Equality: We strive to create a workplace that reflects the diverse communities we serve and where everyone feels empowered to bring their full, authentic selves to work.
• Teamwork: The strength of our team does not only lie in our combined experience and expertise but our ability to trust each other, no matter what. We understand that our best work is not produced by individuals but by enjoying collaboration as a team and supporting each other every day.
• Quality: We provide award-winning solutions and unsurpassed service that, together, deliver premium value to our customers.
• Innovation: Redefining the standard of excellence is in everything we do. Therefore, we are open to ideas that challenge the conventional views and drive innovation. The only constant in life is change and we believe that in order to stay relevant we must continuously improve and evolve with the changing needs of society.
• Trust: We strive to act in a manner that builds trust with our team, clients, business partners, and other stakeholders. We firmly believe that actions speak louder than words and transparency is key.

NOTE:

We kindly request that you contact us by submitting your CV, indicating your current location, and confirming your eligibility to work in Lithuania. We assure you that our team will promptly respond to your inquiry.

Please note that we are not considering inquiries or applications from Agencies. Additionally, we regret to inform you that we are unable to provide visa sponsorships at this time.