Manager Compliance / FRMU

The incumbent is responsible to report Director Risk Compliance and FRMU in establishing and monitoring control system and legal regulations. The candidate shall have to become central point of contact between State Bank of Pakistan and EP Systems by communicating effective reporting of key regulatory projects and achievements of compliance team in understanding the regulatory indicators. Furthermore, the incumbent is also responsible of EP Systems Audit review, Risk control, market risk, credit policy, operational risk, information security risk functions and other tasks assigned by Director Risk Compliance.

Key Responsibilities:

• Strategize and implement best-practices frameworks and company’s compliance methodology.

• Responsible for initiating, planning, executing, monitoring, and controlling all administrative, financial, and operational compliance regulations.

• Report to Directors, Management, and compliance team to establish necessary controls in their respective scope.

• Supervise and control compliance function and ensure relationships with all regulatory authorities are managed appropriately.

• Liaison with State Bank of Pakistan (SBP) for effective reporting of controlling vulnerabilities, accuracy of returns, high-risk activities, and other mechanisms for the assurance of compliance control.

• Administer the portfolio of Fraud Risk Management Monitoring Unit and lead the team in conducting FRMU’s activities.

• Lead Fraud and Compliance risk evaluations and plan Annual Compliance Monitoring procedures that is aligned with the risk profile of the organization to identify fraudulent activities and ensure compliance as per statutory requirements.

• Set performance objectives to monitor compliance reviews of material and high-risk activities enabling a data aggregation on systematic compliance control weaknesses in a consistent manner.

• Issue Audit and Compliance reports that are clear and concise, with practical solutions that ultimately provide value to management with relevant functions.

• Communicate compliance review updates across different levels of the organization through a systematic procedure of MIS.

• Providing on trainings and mentoring to audit and compliance personnel for their professional growth and assurance of consistent procedures for the relevant functions and business units.

• Probe or investigate any post facto/breach on your own or as assigned by the management.

• Ensure that the company has developed/maintained/updated necessary Compliance/AML manuals and/or regulatory checklists. Ensure database of all applicable regulations/ laws / guidelines / notices / circulars are updated and implemented throughout the departments of the company.

• Maintenance of systems to conduct AML, KYC and CFT related activities in accordance with SBP guidelines.

• Timely and accurate submission of regulatory returns.

• Communicate regulatory updates across different levels of the organization

• Engage resources in a timely manner to stay updated on emerging risks, business challenges and developments.

• Confers with risk and compliance department to analyze current operational procedures and processes in relation to monitoring activities in order to verify company’s ability to deter, detect, measure, and intervene against suspicious activities, processes, systems, and products.

• Development of metrics and dashboards to improve operation team’s visibility into these metrics and help them in setting data driven targets at national/regional/city level.

• Research, Learn and bring up new FRM tools to improve product risk metrics.

• Any other task assigned by the senior management on ad-hoc basis

Skills: 

• Knowledge of Risk and Compliance Management techniques

• Knowledgeable about local & international laws related to financial industry

• Experience of local banking laws and regulations (including KYC, AML).

• Knowledgeable about SBP Regulatory framework, FATF Recommendations & Guidelines.

• Financial services audit background (FinTech’s or banking).

• Expertise in Fraud Risk Management tools used in banking sector

• Compliance Advisory

• Experience with data analytic techniques and tools.

• 5+ years in legal, compliance & risk department of financial industry is mandatory

• Experience with Risk assessment metrics and tools