"ILARIA" is a consulting company, which provides HR solutions' full spectrum and processes' digitalization by our created system. In ILARIA, HR experts' team offers you services, which are necessary for your organization's success: HR outsourcing and recruiting, market research, software provision.

Company "ILARIA" is looking for "Head of Financial Monitoring and Compliance Department" for a partner company.

Position: "Head of Financial Monitoring and Compliance Department"

Work format: Full, on-site

Work schedule: Monday-Friday

Work hours: 10:00 – 19:00

Remuneration: According to qualification

Number of vacant positions: 1

We are looking for a Head of Financial Monitoring and Compliance Department with high professional competence and strategic vision, who will ensure the effective management of company's AML/CFT and Compliance processes, full compliance with regulations, and prevention of financial risks. The position provides for development of financial monitoring systems, control of compliance with regulatory requirements, effective cooperation with international payment systems, and constant improvement of company's internal control mechanisms.

Main functions-duties:

AML/CFT and Compliance processes management:

• Full management and development of company's AML/CFT and Compliance function;

• Supervision of AML/KYC/CDD/EDD processes and effectiveness control;

• Monitoring and assessment of suspicious and high-risk transactions;

• Control of Sanctions Screening processes and ensuring compliance;

• Ensuring preparation of STR/SAR reportings and submission to relevant bodies;

• Management, improvement, and development of AML Monitoring systems;

• Organization and management of Compliance Risk Assessment processes.

Compliance with regulations and control:

• Ensuring and controlling compliance with National Bank regulations;

• Monitoring of VISA/Mastercard Compliance requirements' fulfillment;

• Development, update, and implementation of internal policies and procedures;

• Effective reaction to regulatory requirements, audits, and inspections;

• Constant improvement and optimization of financial monitoring and compliance processes.

Risk management and reporting:

• Identification, assessment of AML/Compliance risks and planning of preventive measures;

• Preparation of periodic reporting for company's management;

• Processing and assessment of analytical data in the direction of financial monitoring and compliance;

• Monitoring of internal control mechanisms' effectiveness.

Cooperation and communication:

• Communication with partner banks, international payment systems, and state agencies;

• Organization of trainings and awareness-raising programs in AML/Compliance direction for employees;

• Cooperation with various departments to achieve company's strategic and regulatory goals;

• Promoting the development of compliance and accountability culture.

Qualification requirements and necessary skills:

• Higher education in finance, law, business administration, or relevant direction;

• Minimum 5 years experience in AML/Compliance direction;

• Knowledge of English language at professional level;

• Practical experience of working in banking, PSP, Fintech, or financial sector;

• In-depth knowledge of AML/CFT regulations and international practice;

• Experience of managing KYC, Sanctions Screening, and Transaction Monitoring processes;

• Knowledge of National Bank regulations;

• Knowledge of VISA/Mastercard Compliance requirements will be considered an advantage;

• Practical experience of internal control and Compliance Risk Management processes;

• Strong analytical, organizational, and problem-solving skills;

• High sense of responsibility and orientation on details;

• Effective communication and teamwork skills.

In case of interest, please send your resume to email: vacancy@ilaria.ge. It is necessary to indicate the vacancy title - "Head of Financial Monitoring and Compliance Department".

Please, take into account, that contact will happen only with candidates selected for interview.

We wish you success!