• Development of Banks’ compliance risk management strategy, Compliance Program and facilitate the implementation across Bank.

• Establish and continuously improve a consistent operating framework for the identification, assessment, measurement, monitoring and reporting of entity wide compliance risks and development of risk management mechanism

• Development, updating & Implementation of risk and control self-assessment (RCSA) and Mapping of compliance Risks in close coordination with other risk management functions of the bank

• To monitor the adequacy and efficacy of relevant controls, and assisting line managers/departments in designing and implementing adequate controls to manage risks of non-compliance.

• Assessing the level of compliance risk (entity wide) faced by Bank and report such risk profile to Head Regulatory and CCO for reporting to Board and CCM on periodic basis. Follow up within defined frequencies with all business units by identifying potential areas of compliance vulnerability and risk; develop /implement corrective action plans for resolution of problematic issues, and recommend general guidance on how to avoid or deal with similar situations in the future.

• Escalation of instances of non-compliance with follow up with CFT desk and relevant functions to strengthen the implemented controls.

• Off-site review and verification through CSAs. Carrying out on-site reviews of branches/departments, collation and analysis of information for compliance risk assessments with specific focus on AML/CFT & Regulatory compliance and submission of Compliance reports to departmental management.

• Ensure timely and efficient execution of Compliance Plan in order to provide holistic opinion on the effectiveness and adequacy of level of Compliance with Regulatory Requirements

• Undertake reviews of the policies & procedures to ensure that changes in Law, Regulations, and regulatory instructions are complied with.

• Ensuring that KYC / CDD & EDD 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 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. 

Job Details

Functional Area:
Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Job Location:
Gender:
No Preference
Minimum Education:
Bachelors
Career Level:
Experienced Professional
Minimum Experience:
6 Years
Apply Before:
Oct 24, 2019
Posting Date:
Sep 23, 2019

Mobilink Microfinance Bank

Banking/Financial Services · 1001-1500 employees - Islamabad

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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