Artak Baghdasaryan

Head Of Operational Risk Management Division at Central Bank of Armenia

Artak Baghdasaryan has a diverse work experience in the banking, auditing, and academic fields. ARTAK started their career in 2007 as a Banking Technology Specialist at the Central Bank of Armenia, where they later served as an IT Auditor and Internal Auditor. In 2019, they were promoted to Head of the Operational Risk Management Division. In 2017, Artak joined the Insurance Foundation for Servicemen as the Head of Internal Audit, a position they held until 2020. In 2021, they became the Internal Audit Manager at The Institute of Internal Auditors - Armenia. Additionally, Artak has been a Visiting Professor at the Armenian State University of Economics since 2020, teaching subjects such as "Internal Audit" and "Risk Management."

Artak Baghdasaryan has a diverse education history. In 1998, they obtained a Bachelor of Engineering degree with a major in Economics and Management of Enterprises from the State Engineering University of Armenia. ARTAK then went on to pursue a Master's degree in Engineering from the same university, which they completed in 2004. Additionally, from 2004 to 2007, Baghdasaryan earned a PhD in Economics from the State Property Management Department under the Government of the Republic of Armenia’s "Research Institute of Management and Economic Reforms." In 2010, they briefly attended Tufts University - The Fletcher School of Law and Diplomacy in the USA, focusing on Public Policy and Public Administration.

Furthermore, Artak Baghdasaryan has obtained several certifications. In July 2020, they became Certified in Risk and Information Systems Control™ (CRISC) from ISACA. ARTAK also holds a COBIT 4.1 Foundation Certificate from ISACA - Information Systems Audit and Control Association. Moreover, Baghdasaryan obtained certification as a Certified Internal Auditor (CIA) from the Institute of Internal Auditors (IIA). The specific months and years of obtaining these certifications are not provided.

Location

Yerevan, Armenia

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Central Bank of Armenia

The Central Bank of Armenia (the CBA) is a legal entity empowered with state functions. Primary goal of the CBA is price stability in the Republic of Armenia. The CBA coordinates the primary goal with the Government of Armenia, as stipulated by the Armenian Law on State Budget, and approved by the National Assembly of Armenia. The CBA itself decides on the strategy of monetary policy it implements and target (intermediate and operational) indicators that are contained in the monetary policy program and subject to presentation to the National Assembly. The program outlines the main directions of the monetary policy and the monetary instruments which the CBA uses in order to fulfill its objectives. Coordination of monetary and fiscal policies is priority in developing and implementing the monetary policy. The coordination involves both opting for basic macroeconomic indicators and issues relating to short-term adjustment of liquidity by the CBA, disbursement of external financial inflows and issuance and allocation of T-bills by the Government. The CBA makes sure its activities are maximally transparent and open to public, which serve the best warrant for the general public's confidence in the monetary policy implemented by the CBA.


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Headquarters

Yerevan, Armenia

Employees

501-1,000

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