Job responsibilities

• • Continuous monitoring and localization of the applicable national and international laws and regulations,
  • Regular work on current RA and international laws and regulations and assessment of their impact on the Bank's activities,
  • Development and maintenance of internal policies and procedures to ensure compliance with regulatory legislative requirements,
  • Ensuring the effective implementation of internal legal acts requirements within the Bank,
  • Identification, assessment, continuous and periodic monitoring of compliance risks,
  • Regular risk assessments and implementation of control measures towards managing identified risks,
  • Providing continuous training programs for employees to ensure that regulatory requirements and internal legal acts are effectively and accessibly available and comprehensible to the Bank's staff,
  • Ensuring regular updates to the Bank's staff regarding changes in laws and regulations,
  • Regular compliance audits and testing to identify potential control deficiencies or weaknesses,
  • Conducting and maintaining accurate and comprehensive assessments of compliance activities,
  • Preparation and submission of reports required by law to the Central Bank of Armenia and other regulatory bodies overseeing the Bank's operations,
  • Periodic reporting on compliance issues to senior management and Supervisory Board,
  • Proper investigation and monitoring of compliance violations and issues, as well as providing relevant recommendations for effective solutions,
  • Providing compliance-related consulting to internal and external stakeholders,
  • Participation in the development of new banking products and business initiatives within the scope of the compliance function, including the provision of assessments and recommendations,
  • Regular monitoring and compliance oversight of the Bank’s partners and service providers,
  • Preparation and submission of analyses and reports to the relevant competent authorities under the framework of AML/CFT, as well as the application of sanctions.

Necessary requirements

• • Higher education in economics
  • At least 3 years of work experience in the banking sector
  • Knowledge of the legislation regulating banking activities
  • Skills and experience in working with internal and external stakeholders
  • Possession of an International Compliance Association (ICA) Certificate in Compliance or relevant international experience
  • Proficiency in MS Office
  • Knowledge of the Russian language
  • Excellent command of both spoken and written English
  • Excellent command of both spoken and written Armenian