Posted Sep 23, 2019 15 views
To Supervise timely and accurate reporting of information to SBP, Law enforcement agencies, related to Branch/Branchless Banking Transactions/accounts or any other area of operations To conduct review of documentation for High Risk relationships/correspondent relationships and ensure that all Regulatory and Procedural requirements are fulfilled. To ensure that requirements of KYC/CDD/EDD are fulfilled by conducting special reviews of Branch/Branchless Banking relationships To supervise accurate maintenance of required databases for compliance department and intimate relevant departments regarding changes therein from time to time or reporting requirements with reasonable time Conduct compliance reviews of Branches, Branchless Banking, Departments and all supporting functions to ensuring compliance with all Regulatory and procedural requirements and highlight issues or concerns discovered during the course of compliance review. Summarize the non-compliance, issues and other observations of and present the same to Departmental Senior Management. Liaison with other departments for resolution of identified non-compliances & issues Undertake reviews of the policies & procedures to ensure that changes in Laws, Regulations, and regulatory instructions are complied with. Off-site review and verification through CSAs. Carrying out on-site reviews of branches/departments, and efficient reporting of compliance reviews conducted. Liaison with and guidance of Branches, Head Office departments on Compliance/Regulatory matters Ensuring compliance with OECD’s Common Reporting Standard (CRS) in the Bank and any other emerging reporting requirement from Regulator. Analyzing changes/modifications CRS regulations and communicating these to the branches and key stakeholders in the Bank in a coherent and logical manner. Ensuring timely and accurate CRS reporting. Any other responsibilities as assigned by the Departmental Management
Job Details
Mobilink Microfinance Bank
Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 20 million registered and 8 million active digital wallets. Backed by VEON Co., MMBL started operations in April 2012 and launched branch-less banking operations under the brand name JAZZCASH in partnership with Pakistan's largest telecom operator JAZZ in Nov 2012. Being a hybrid model that combines traditional micro finance with mobile / digital banking technologies, the bank now operates with 74 branches, with more than 1559 employees, a network of over 90000 branch-less banking agents (growing) and a USSD (GSM) based digital channel in the country offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (of utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments and thus playing a leading role in promotion of financial inclusion. Despite being a young bank, Mobilink bank has emerged as one of the front runners in the sector and achieved financial break-even within four years of commencing operations in 2016, one of the fastest in the industry. Financial performance of the Bank has been remarkable in 2016, 2017 and 2018 Mobilink Bank & JAZZ, under the brand name JAZZCASH, envision to become market leaders in branchless banking, digital banking and micro financial services offering simple, innovative and value added products and services to the people of Pakistan. MMBL game plan aims at taking banking from confines of limited number of brick and mortar structures to cell phones and thus make a significant contribution in banking the unbanked through digital channels. The Bank so far has financed over 500,000 individual micro and small businesses since inception of the Bank in 2012 and is the proud recipient of “Bank of the Unbanked Award” in 2018 and 2019.
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