✅ Key Responsibilities

1. Compliance Functions

• Optimize internal control systems through compliance risk assessments and business process improvements.
• Ensure regular training and internal compliance for all employees.
• Manage internal process risk and prepare regulatory reports on a weekly, monthly, quarterly, and annual basis.
• Ensure compliance with laws and regulations related to payment institutions through development and regular review of internal procedures.
• Analyze legal and regulatory guidelines and monitor legislative changes.
• Prepare compliance reports and submit them to regulators such as the Bank of Lithuania.
• Regularly assess and monitor internal and external compliance risk factors.
• Evaluate the compliance program and implement necessary improvements.
• Conduct internal compliance audits when necessary.
• Evaluate work quality of compliance team members and provide additional training as needed.
• Maintain communication and reporting with the Financial Crime Investigation Service (FCIS) and other Lithuanian authorities.
• Participate in AML training, meetings, and seminars to improve processes and mitigate risks.

2. Risk Management

• Develop and maintain systems and control frameworks.
• Implement governance and supervisory tools to mitigate business risks.
• Monitor risk appetite and tolerance levels.
• Define key risk indicators and report incidents and breaches to executive management and shareholder meetings.