Inga Kuktiene
Summary
High-performer with substantial experience in risk management and compliance providing strategic leadership and governance to organizations.
Proven track record of success in managing risk and compliance and improving and automating processes. Team-oriented and driven to building relationships and fostering risk aware culture.
Overview
23
23
years of professional experience
1
1
Certification
Work History
Chief Compliance and Chief Risk Officer (CCRO)
Electronic Money Institution
11.2023 - Current
- Risk Management Policy and Risk limit framework
- Risk maps and risk reporting
- EWRA
- Risk and compliance improvement program
- Outsourcing risk management framework
- Compliance Monitoring Program
- Regulatory Training
- Product approval process
- Conflict of interest management framework
Risk Management Project for EMI Launch
Payhawk Financial Services UAB
09.2023 - 12.2023
- Risk Strategy, Risk Management Policy preparation;
- Risk Appetite and risk limit framework set-up;
- EWRA methodology set-up,
- Risk Assessment and improvement plan
- Preparation of Outsourcing Policy,
- Vendor assessment framework, due diligence of critical vendors, BCP and exit plans,
- Incident reporting system and framework set-up
Chief Risk Officer, Management Board Member
UAB SME Bank
11.2020 - 08.2023
- Licensing process coordinator
- Communication with regulator
- Setting up risk limit and monitoring system
- Prudential ratios monitoring and regulatory reporting
- Chairman of Credit Committee, member of Compliance Committee
- Responsible for creating, implementing, and continuously improving risk management framework,
- ICAAP, ILAAP, stress-testing framework and calculation implementation,
- Risk management strategy, policies, procedures, systems, tools,
- Management of all risks: Credit risk, AML/CFT, IT security, ESG, operational, fraud, outsourcing, etc.,
- Setting up transaction screening and monitoring solution, developing alert system, AML Program development and set-up, Preparation of various risk related policies and procedures,
- Set-up of credit risk management framework, provisioning policy and default definition implementation, organization of work with debtors, credit quality improvement,
- Implementation of operational risk declaration system, continuous improvement programs, business continuity and recovery plans, organizing testing process
Chief risk Officer, Management Board Member
UAB European Merchant Bank
04.2019 - 10.2020
- Responsible for creating, implementing, and continuously improving risk management framework, risk management strategy, risk policies, procedures and tools
- Setting up risk limit and monitoring system
- Risk related prudential ratios monitoring and regulatory reporting
- Development of AML/CFT program, transaction screening and monitoring solutions, Quality review of risk management processes
- Communication with regulators
Independent Audit and Risk Committee Member
Lietuvos oro uostai
07.2020
- Assisting the board to fulfill its oversight responsibilities in areas such as an entity's financial reporting, internal control systems, risk management systems and the internal and external audit functions.
Independent Audit Committee Member
Utenos Trikotažas AB (listed company)
11.2021
- Assisting the board to fulfill its oversight responsibilities in areas such as an entity's financial reporting, internal control systems, risk management systems and the internal and external audit functions.
Audit Manager (Global)
Citco group of companies
05.2017 - 04.2019
- Performed audits: AML, regulatory reporting, depository audits in Citco bank of Netherlands, Ireland, Luxembourg; Corporate and trust full scope audits of in Malta, Luxembourg, Jersey; KYC and AML program audit in Citco bank of Canada; Reporting audit for bank in Curacao, etc
- Responsible for planning leading audits in different Citco group of companies.
Head of Internal Audit Unit
AB Citadele bank
11.2024 - 04.2017
- Responsible for the auditing activity in the Bank group in general, which incorporates process improvement initiatives, IT audits, financial audits, consulting on risk management, evaluation of internal control system
- Compliance and operational risk management – review of all Bank group's procedures and major processes before implementation; Branch audits; Financial brokerage compliance activities; Lead during external audits and investigations
- Audited all business processes, provided assistance in risk management and compliance field, consulted during major new processes such as AMEX implementation; third party agreements; assisted in creating operational risk and compliance risk management departments, etc
- Audits resulted in process improvements and more effective risk management system, which result in costs savings or better control over reputation of the Bank
- Responsibilities started from risk assessment of all Bank's activities, setting up long-term and annual audit plan, preparing methodologies and audit programs, leading audit teams, auditing, reporting to the council, Boards and regulator, work with external partners and Bank of Lithuania etc
- During career in AB “Citadele” bankas, I personally audited all business processes within the Bank's group (IT governance and all IT&IS systems, credit risk management, business due diligence of legal clients for whom credit was issued, deposit transactions, daily banking operations, settlements, AML risk management, brokerage, Treasury deals and liquidity risk management, governance, IT &IS systems, etc.)
- Audits resulted in process improvements and more effective risk management system, which result in costs savings or better control over reputation of the Bank.
Senior Audit Associate in Assurance and Business Advisory Services Department/ Consultant in Corporate Finance Services Department
PricewaterhouseCoopers UAB
09.2001 - 11.2004
- During three years in PricewaterhouseCoopers, I participated in audits of Lithuanian industrial, energy, retailer, insurance companies and banks
- Involved in due diligence projects in pharmaceuticals and meat processing industries
- As a team manager I had the following review and audit projects: Stora Enso Packaging UAB, Lindstrom UAB, Rehau UAB, SEB Investment management, Risk capital management and other
- All audits involved review of internal controls and IT controls
- As a consultant, I participated in a privatization project of Lithuanian agricultural bank as well as in advisory consulting for International Water and Sydcraft on lease of Vilnius Heating Company
- I was also involved in preparation of a feasibility study for a business class hotel
- Provided financial and consulting services for all types of companies.
Education
Bachelor of Science - Management Consulting
Stockholm School of Economics in Riga (SSE Riga)
Www.sseriga.edu.lv05.2001
Master of Science - Service Management
Vilnius University, Faculty of Economics
Www.ef.vu.lt06.2003
Skills
- Initiative and self-driven
- Negotiation skills
- Risk Management and strategic planning
- Planning and coordination
- Regulatory knowledge
Languages
Lithuanian
Proficient
C2
English
Proficient
C2
Russian
Proficient
C2
Spanish
Advanced
C1
Latvian
Elementary
A2
German
Beginner
A1
Personal Information
- Date of Birth: 09/02/1980
- Gender: Female
- Nationality: Lithuanian
- Driving License: B since 2001
Certification
CRMA - Certified Risk Manager
CIA - Certified Internal Auditor
CAMS - Certified AML Expert
Member of Internal Audit Association
Timeline
Head of Internal Audit Unit
AB Citadele bank
11.2024 - 04.2017
Chief Compliance and Chief Risk Officer (CCRO)
Electronic Money Institution
11.2023 - Current
Risk Management Project for EMI Launch
Payhawk Financial Services UAB
09.2023 - 12.2023
Independent Audit Committee Member
Utenos Trikotažas AB (listed company)
11.2021
Chief Risk Officer, Management Board Member
UAB SME Bank
11.2020 - 08.2023
Independent Audit and Risk Committee Member
Lietuvos oro uostai
07.2020
Chief risk Officer, Management Board Member
UAB European Merchant Bank
04.2019 - 10.2020
Audit Manager (Global)
Citco group of companies
05.2017 - 04.2019
Senior Audit Associate in Assurance and Business Advisory Services Department/ Consultant in Corporate Finance Services Department
PricewaterhouseCoopers UAB
09.2001 - 11.2004
Bachelor of Science - Management Consulting
Stockholm School of Economics in Riga (SSE Riga)
Master of Science - Service Management
Vilnius University, Faculty of Economics
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