Head of AML

Verifo is an ambitions 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 an experienced AML manager to join and help us expand the team. You will be reporting directly to CEO, focusing on implementing Compliance procedures and improving the processes.

Main 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 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 organizations, and implement compliance recommendations based on their findings;
What We Expect
  • Minimum 1 year of management experience;
  • Minimum 3 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 Wolfsberg, 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 and/or Russian.
What We Offer
  • An option to finance CAMS or CFCS Certifications;
  • 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.

Starting date  2021-04-01

Salary 4,100-5,000 Eur/mon. (Gross)

If you are interested, please email us at [email protected] stating the role in the title and attaching your CV.
We will contact the most suitable candidates.

Join Verifo today for your better business future!