Head of FinCrime Department

Verified Payments (Verifo) is an ambitious electronic money institution licensed and regulated by the Bank of Lithuania. We provide innovative, custom made Banking-as-a-Service solutions to clients globally by leveraging technology, expertise and dedication to client service. Our growing operations have created a need for a new colleague.

Key Responsibilities
  • Design, implement and oversee Verifo’s AML Program and standard operating procedures, including customer due diligence, risk assessment, ongoing due diligence, transaction monitoring;
  • Ensure compliance with current AML and CTF regulations and other relevant legislation;
  • Perform and oversee enterprise-wide risk assessments;
  • Monitor and implement AML and CTF regulatory changes;
  • Develop and maintain a risk assessment framework for products and services, customers, and other issues relating to money laundering;
  • Escalate suspicious activities to the senior management and relevant authorities;
  • Provide approvals regarding customer onboarding;
  • Provide briefings and reports to the senior management on matters relating to internal AML/CTF compliance policies and procedures;
  • Submit relevant AML/CTF reports to the authorities;
  • Expand and lead a team of professional AML specialists;
  • Work with software development to automate processes and implement industry leading solutions;
  • Implement procedures in line with compliance rules, risk appetite and best practices;
  • Prepare and execute a training program for the team and company as a whole;
  • Provide support and guidance to the staff and senior management in regard to KYC, AML and CTF functions and compliance;
  • Arrange inspections and audits from third-party organisations, and implement compliance recommendations based on their findings.
  • Minimum 1 year of management experience;
  • Minimum 5 years of experience in a KYC, AML and CTF related function, preferably in a financial institution;
  • Knowledge of Lithuanian and EU AML Laws, rules and regulations;
  • Knowledge of EBA Guidelines, Wolfsberg documentation, FATF 40 recommendations and related publications;
  • Ability to balance KYC, AML and CTF requirements with the commercial aspects of the business;
  • Proactive, flexible and able to work in a fast paced, demanding environment;
  • Fluent in English considerable advantages
  • ACAMS or similar qualification would be a strong benefit;
  • Brilliant people skills;
  • Intermediate user of MS Office Applications;
  • Experience with high risk sectors or jurisdictions;
  • Excellent analytical skills with a high degree of initiative, planning and organizational skills
What We Offer
  • A company committed to high standards of compliance;
  • Team spirit and meritocratic structure;
  • Opportunities to take on more responsibilities, learn from colleagues and advance your career;
  • International environment and adoption of global best practices;
  • New office, free snacks and parking;
  • Competitive salary based on seniority

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