Manager Financial Crime  
The First MicroFinanceBank Ltd   More jobs from this company

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Job Title:   Manager Financial Crime
Category:   Operations
Total Positions:   1
Job Location:   Islamabad
Gender:   No Preference
Minimum Education:   Bachelors
Degree Title:   MBA or Master qualified / partially qualified professional designations like ACAMS / CGSS ACA/ACCA/ACMA or related
Career Level:   Experienced Professional
Minimum Experience:   5 Years
Apply By:   Jul 21, 2021
Job Description:

Updation of AML / CFT KYC/CDD Policy & Procedures

  • Assist to line manager in assessment of Bank’s policy and procedures in the light of AML Act, ATA Act, UNSC Sanction Regime, SBP Regulations, FATF recommendations and international best practices and development & implementation of required policy, procedures and preventive controls.
  • Assist line manager in assessing AML / CFT / KYC / CDD risk posed to the Bank and effective implementation of controls commensurate with the level of ML/TF risk posed from different channels.
  • Conduct gap assessment exercise over KYC / AML Risk Profiling Model of the Bank and ensure necessary updation as per changing ML/TF/ PF risks. Transaction Monitoring & Alert Management /BBS
  • Investigate, review and close ML/TF related alerts generated through TMS generated against conventional and branchless banking account or received through any other sources as per Bank’s procedures and SBP’s guidelines.
  • Ensure effective record keeping of documentary proofs, EDD information, and analysis done to report / close the transactional alerts either generated through TMS or received from branch / department for investigation.
  • Ensure timely implementation of recommendations for resolution of issues identified during transaction monitoring activity. Compliance of UNSC and Targeted Financial Sanctions Regime
  • Manage CFT Desk and ensure compliance of Targeted Financial Sanction’s Regime, Sanction’s screening activity, freezing / de-freezing actions under UNSC Sanction Regime & Anti-Terrorism Act 1997, global watch lists and instructions received from other law enforcement agencies (LEAs).
  • Ensure timely and accurate PEP / Watch List Management for sanction’s screening through TMS application and fuzzy logics
  • Ensure the timely and accurate completion of data analysis regarding identification of PEP, Proscribed, Designated Persons / Entities using fuzzy logics and implementation of related actions.
  • Ensure timely and accurate review and closure of TMS Alerts generated through daily scanning activity (on delta) on private / public sanctions list.
  • Maintenance and updation of screening parameters and scenarios in TMS as per ML / TF risk posed to Bank. KYC/CDD Reviews and CTR & STR Reporting
  • Monitor and ensure compliance over KYC / CDD related activities as per Bank’s policy & procedures.
  • Monitor and ensure timely and accurate closure of KYC / CDD alerts generated by TMS.
  • Conduct periodic desktop review of KYC Information of customer through reports developed in Business Insight and ensure timely rectification of highlighted discrepancies.
  • Maintenance of record of rejected and closed accounts on the basis of CDD / EDD for the management and regulatory.
  • Ensure the timely completion of periodic and trigger event CDD review activity.
  • Monitor and ensure timely and accurate reporting, record keeping of Currency & Suspicious Transactions (on ML / TF / PF / TFS / Transnational Risk or any illegal activity) to Financial Monitoring Unit (FMU) as per defined procedures and guidelines.
  • Monitor and ensure timely response to queries by FMU regarding submitted CTR/ \STR or any other financial intelligence.
  • Updation of record of biometrically verified and unverified accounts.
  • Reporting of biometric verification status to management / SBP.
  • Maintenance of List of PEP / Connected PEP accounts rejected by Bank and SBP reporting.
  • Manage the user administration for goAML. Liaison with Law Enforcement Agencies & Authorities
  • Monitor and ensure the efficient handling, recording and responding to queries received from LEAs.
  • Monitor and ensure the compliance of Freezing/de-freezing actions as per instructions received from LEAs regarding customer’s accounts. Additional Tasks
  • Assisting in any relevant tasks/Assignment by line manager.

Company Information
Company Name:  The First MicroFinanceBank Ltd
Company Description:
The First Microfinance, Ltd. of Pakistan was established in 2002 as a first private sector microfinace bank in Pakistan.

It is a premier non commercial bank licensed by State bank of Pakistan.

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