Posted Aug 01, 2018 3 views
Job Description:
The job holder will be required to assist Head, FATCA & International Compliance Unit, in
- Establishing policies and procedures to assist overseas branches in implementing AML / CFT and KYC / CDD practices in accordance with the Bank’s policies and regulatory requirements specific to their jurisdictions.
- Implementing AML / CFT / KYC policies and procedures in overseas branches as well as Trade Based Anti-Money Laundering measures in the Bank’s overseas branches.
- Implementing a Transaction Monitoring System and a Trade Finance Screening system in the Bank’s overseas branches to enable effective monitoring of their day to day transactional activities.
- Ensuring that KYC / CDD requirements are completed prior to account opening and periodic review of KYC profiles of customers is carried out correctly and in a timely manner.
- Ensuring compliance with the U.S. Foreign Accounts Tax Compliance Act (FATCA) Regulations and OECD’s Common Reporting Standard (CRS) in the Bank, including its overseas branches and subsidiaries (as appropriate).
- Analyzing changes/modifications in FATCA / CRS regulations and communicating these to the branches and key stakeholders in the Bank in a coherent and logical manner.
- Identifying and maintaining a record of Non-Participating Foreign Financial Institutions (NPFFIs) at the time of account onboarding as well as during account maintenance of pre-existing Financial Institution accounts.
- Ensuring timely and accurate FATCA / CRS reporting.
- Liaising with IT to ensure timely development and roll out of fields to capture FATCA / CRS data in the core banking system
Qualification
MBA from a highly reputed university / ACCA
Age:
35-40
Years of Experience:
8 - 10 Years Banking experience with a minimum of 5 years in the Compliance function
Gender:
Male / Female
Location:
Karachi
Job Details
Bank Al Habib Limited
Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in January 1992. DAWOOD HABIB GROUP, the sponsors of Bank AL Habib Limited have a very long track record of banking which dates back to 1920s. They were among the founder members of Habib Bank Limited. Under the privatization policy pursued by the government in 1991, DAWOOD HABIB GROUP were the first to be granted permission to set up a commercial bank. The Bank foresees itself to be amongst the leading Private Sector Banks contributing to the economic growth of the country and governed by prudent policies within a conservative framework that have been the hallmark of the Habib’s banking tradition. Chairman of the Board is Mr. Ali Raza D. Habib, who took over the position in May 2000, after the death of Mr. Hamid D. Habib, the founder Chairman. Mr. Hamid D. Habib, who was the grandson of the founder of Habib Group, and was a Director in Habib Bank Limited since 1954 and its Chairman from 1971 till nationalization. The Chief Executive is Mr. Abbas D. Habib, who took over the position in 1994, after the demise of Mr. Rashid D. Habib, the first Chief Executive of the Bank. Mr. Rashid D. Habib was the Managing Director of Habib Bank Limited from 1953 till its nationalization. The Bank has been rated as "AA+" for long-term rating and "A1 +" for short-term rating by the Pakistan Credit Rating Agency (Private) Limited (PACRA).
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