Professional Summary

Professional Overview

Mary Hovsepyan is a seasoned compliance professional with over a decade of experience in the banking and financial services industry. As the Head of Compliance at AML Incubator and the Chief AML Officer at Armbusinessbank CJSC, she is a subject matter expert in anti-money laundering (AML) regulations, correspondent banking, and international transfers.

Experience Summary

Current Roles

Head of Compliance, AML Incubator (2025-01-01 to Present)

• Oversee the implementation and maintenance of comprehensive compliance programs to ensure adherence to regulatory requirements

• Collaborate with cross-functional teams to develop and enhance AML policies, procedures, and controls

• Conduct risk assessments, monitor transaction activity, and report suspicious activities to relevant authorities

• Provide training and guidance to employees on compliance-related matters

Chief AML Officer, Armbusinessbank CJSC (2020-03-01 to Present)

• Responsible for the overall management and oversight of the bank's AML/CFT compliance program

• Develop and implement robust AML/CFT policies, procedures, and internal controls

• Conduct due diligence on customers, monitor transactions, and report suspicious activities

• Serve as the primary point of contact for regulatory authorities and external auditors

Career Progression

Compliance Specialist, AML Incubator (2024-07-01 to 2025-01-01)

• Assisted in the development and implementation of compliance policies and procedures

• Conducted customer due diligence and transaction monitoring activities

• Collaborated with the compliance team to identify and mitigate potential risks

MLRO, Cube Invest (2023-04-01 to 2023-10-01)

• Served as the Money Laundering Reporting Officer (MLRO), responsible for overseeing the firm's AML/CFT program

• Reported suspicious activities to the relevant authorities and acted as the primary liaison with regulators

Various Roles, ARMECONOMBANK OJSC (2009-02-01 to 2017-09-01)

• Held progressive roles in the Correspondent Relations, International Transfers, and Internal Observations divisions

• Gained extensive experience in banking operations, customer service, and compliance-related functions

Academic Background

• Master's Degree in Finance, Yerevan State University

• Bachelor's Degree in Economics, Yerevan State University

Areas of Expertise

• Anti-money laundering (AML) and counter-terrorist financing (CFT) compliance

• Correspondent banking and international transfers

• Customer due diligence and transaction monitoring

• Regulatory reporting and liaison with authorities

• Policy development and implementation

• Cross-functional collaboration and team leadership

Professional Impact

• Implemented robust AML/CFT programs that helped Armbusinessbank CJSC and AML Incubator mitigate regulatory risks and enhance their reputation

• Developed and delivered compliance training to employees, improving their understanding of AML/CFT requirements

• Collaborated with industry peers to share best practices and contribute to the development of compliance standards

Conclusion

With her extensive experience, strong technical expertise, and proven track record of successful program implementation, Mary Hovsepyan is a highly valuable compliance professional. She is committed to maintaining the highest standards of ethical conduct and regulatory compliance within the banking and financial services industry.