Manager ITRS & FX Regulatory Reporting

easypaisa is Pakistan’s first digital bank, playing a pivotal role in advancing the country’s digital finance landscape. Supported by prominent shareholders, including Telenor Group—a leading telecom operator in Asia and the Nordics—and Ant Group, the force behind Alipay, easypaisa provides secure and convenient financial solutions to millions across Pakistan. The bank is seeking a qualified professional to manage its International Transactions Reporting System (ITRS), ensuring compliance with the State Bank of Pakistan’s (SBP) regulations and timely, accurate reporting of foreign exchange transactions.

Key Responsibilities

- Manage the preparation, review, validation, and timely submission of ITRS returns to the State Bank of Pakistan.
- Ensure accurate classification and reporting of foreign exchange transactions under the relevant ITRS schedules and purpose codes.
- Reconcile ITRS data with the General Ledger (GL), T24/core banking system, FX blotters, Nostro accounts, SWIFT transactions, and other pertinent records.
- Investigate and resolve discrepancies, exceptions, and unmatched transactions in reporting.
- Monitor SBP circulars, regulatory changes, and amendments to ITRS requirements, ensuring their prompt implementation.
- Provide guidance to Treasury, FX, Remittances, Finance, Operations, and IT teams regarding ITRS reporting requirements.
- Act as the primary contact for SBP correspondence, queries, observations, and regulatory inspections related to ITRS and FX reporting.
- Review and maintain accurate mapping of transaction types, purpose codes, currencies, countries, and other reporting fields.
- Coordinate with IT and external vendors for automation, system enhancements, and User Acceptance Testing (UAT) related to ITRS and FX regulatory reporting.
- Ensure timely resolution of audit and regulatory observations concerning ITRS reporting.

Required Qualifications

- Bachelor’s degree in Finance, Accounting, Commerce, Economics, or Business Administration.
- 3 to 5 years of relevant banking experience, preferably in Treasury Operations, FX Operations, Regulatory Reporting, or Remittances.
- Minimum of 2 years of supervisory or managerial experience in ITRS/FX reporting or a related function.
- Strong practical knowledge of SBP Foreign Exchange Regulations, Foreign Exchange Manual, and ITRS requirements.

Preferred Qualifications

- Professional certifications such as ACMA, CA, ACCA, or an MBA will be considered an advantage.

Competencies and Skills

- In-depth knowledge of ITRS and SBP foreign exchange regulations.
- Good understanding of foreign exchange transactions, settlement processes, and Nostro account operations.
- Familiarity with SWIFT MT/MX messaging standards and core banking systems, preferably T24.
- Strong reconciliation, analytical, and problem-solving abilities.
- Advanced proficiency in MS Excel and reporting tools.
- Excellent communication and stakeholder management skills.
- Ability to coordinate effectively with the State Bank of Pakistan, auditors, compliance teams, IT departments, and business/operations units.

This role offers an opportunity to work at the forefront of digital banking in Pakistan, ensuring regulatory compliance and contributing to the seamless operation of foreign exchange reporting. Candidates with a strong background in banking operations and regulatory frameworks are encouraged to apply.