Head of AML Unit

Genome is everything users need from the traditional banks, but safer, faster and completely online.

We are a Lithuanian-based Electronic Money Institution licensed by the Bank of Lithuania.

Genome is a B2B/B2C EU-oriented company, which offers personal, business, and merchant account opening, payment processing, money exchange, internal, SEPA, and SWIFT transfers, as well as other banking operations completely online. Clients can manage all their funds and accounts within our smart dashboard, which is in a desktop version, or through an app on Android and iOS.

Genome is looking for an Head of AML Unit !

1. Department Work Organization:

· organize the unit’s work by assigning tasks to employees and monitoring their execution;

· organize regular performance reviews of the Unit employees, ensuring effective workload distribution and responsibility adherence.

2. Collaboration with External Institutions:

· collaborate with the Financial Crime Investigation Service (FNTT) and other public institutions to ensure proper cooperation of the AML department staff with these institutions;

· be responsible for submitting reports related to the implementation of sanctions to institutions overseeing international sanctions, during the execution and monitoring of client payments.

3. Compliance with Policies and Procedures:

· supervise compliance with AML policies and procedures, ensuring that specialists’ and Team Leads’ conclusions are clear, comprehensive, and based on the documents and information available in the case.

4. Risk Management and Regulatory Compliance:

· periodically update and improve risk assessment models and methodologies, considering changing legal and market environments;

· ensure that the AML policies, procedures, and instructions are timely updated in regard to regulatory changes and changes of internal processes;

· periodically submit reports summarizing risk assessments and other aspects of the AML activities as per internal procedures.

5. Auditing and Quality Assurance:

· directly participate in internal and external audits and regulatory inspections to ensure compliance with AML processes and effectiveness, and initiate corrective actions in case of discrepancies;

· cooperate with the Quality Assurance Department to ensure that AML processes and decisions are documented and comply with best practices and legal requirements.

6. Training and Employee Development:

· be the key person responsible for organizing training and consulting with AML Unit's specialists and other related departments;

· periodically organize training for anti-money laundering and compliance specialists, ensuring that employees have the necessary knowledge and skills to perform their duties;

· organize training for all company employees on anti-money laundering (AML) matters to ensure a strong compliance culture within the organization;

· encourage internal mentorship between experienced and new employees, ensuring the continuous professional development of the team.

7. Technology and IT Solution Integration:

· collaborate with the IT/Product departments to ensure that systems required for AML processes are continuously updated and function efficiently;

· ensure that modern technological solutions and automated processes are used to carry out AML procedures to improve data accuracy and efficiency.

8. Collaboration with Key Third-Party Service Providers:

· collaborate with important third-party service providers, whose services are essential for the AML processes, such as automated monitoring systems, remote client identification providers, SAN/PEP/SCO/Adverse media list providers, SWIFT providers, and other partners;

· ensure that the services of these providers comply with legal and internal policy requirements, ensuring smooth and effective execution of AML processes.

• Bachelor’s degree in Finance, Law, Business, or a related field;

• 5+ years of experience in AML, compliance, or financial crime investigation, preferably within the fintech or banking sector;

• experience in managing AML operations and leading a team of compliance professionals;

• in-depth knowledge of relevant AML laws and regulations;

• strong analytical and investigative skills, with experience in conducting complex investigations and reporting to regulatory authorities;

• fluent Lithuanian and English (spoken and written);

• excellent communication, leadership, and team management skills.

  Having an ACAMS certificate is an advantage.

• corporate medical insurance;

• reimbursement of English language courses expenses partially;

• reimbursement of sport center's subscription expenses partially;

• covering expenses for participation in professional events.

Compensation

Salary range : €4,132 - €4,960 gross monthly*

*Final compensation will be determined based on the candidate's qualifications, skills, and previous experience