Compliance Officer

Responsibilities:

Regulatory Management and Reporting

• SBP/SECP Liaison: Serve as the primary point of contact for the State Bank of Pakistan (SBP) and other regulatory bodies on all compliance-related matters, inquiries, audits, and inspections
• Regulatory Filings: Prepare, review, and timely submit all mandatory regulatory reports, including AML/CFT returns, Suspicious Transaction Reports (STRs), and Currency Transaction Reports (CTRs) to the relevant financial monitoring unit
• License Maintenance: Ensure the company maintains full compliance with the operational rules as mandated by the SBP and the relevant financial monitoring unit

Anti-Money Laundering (AML) & CFT

• Program Oversight: Oversee and enforce the company's comprehensive AML/CFT program
• KYC/CDD: Develop, implement, and monitor robust Know Your Customer (KYC) and Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD) procedures for customer onboarding and ongoing monitoring, ensuring adherence to the AML Act
• Sanctions Screening: Manage and monitor the screening of all transactions and customers against local and international sanctions lists (e.g., UN, OFAC)
• Transaction Monitoring: Design and fine-tune rules/scenarios within the transaction monitoring system to detect unusual or suspicious payment activities indicative of financial crime

Policy and Procedure Development

• Architect: Draft, review, and implement internal compliance policies, procedures, and controls for all payment operations, technology, and customer-facing activities
• Mapping: Translate complex SBP directives, circulars, and the relevant requirements into actionable internal processes for operational teams
• Updates: Proactively track and communicate changes in the regulatory landscape (e.g., changes to SECP rules) and update internal documents accordingly

Risk Assessment and Monitoring

• Compliance Risk Assessment: Conduct periodic, independent Compliance Risk Assessments (CRA) to identify and prioritise regulatory vulnerabilities across all channels and products
• Internal Audits: Plan and execute regular internal compliance audits and reviews to test the effectiveness of existing controls
• Issue Resolution: Investigate potential compliance breaches, non-compliance issues, and customer complaints related to regulatory standards, recommending and tracking corrective actions (CAPA)

Requirements:

• Bachelor’s or Master's degree in Law, Finance, Accounting, Business Administration, or a related field
• Minimum of 3-5 years of progressive experience in a compliance or risk role within the financial services or payment technology (FinTech) industry in Pakistan
• Deep practical knowledge of SBP regulations, especially those governing AML/CFT, and consumer protection
• Expert understanding of the AML Act and relevant SBP and SECP circulars
• Strong ability to analyze complex transaction data and regulatory text to identify anomalies and assess compliance risks
• Excellent written and verbal communication skills in English and Urdu to effectively communicate with regulators, senior management, and staff
• Unquestionable ethical conduct and integrity to uphold the regulatory standards of the organization
• Experience in interfacing with regulators