Chief Compliance Officer

• Inculcate compliance culture within the organization to avoid penalties and risks related to non-compliance.
• Review and approve the policies drafted by the department in accordance with SBP regulations and ensure timely implementation of same throughout the bank.
• Ensure compliance with SBP regulations, international standards, and other applicable policies by regulatory authorities.
• Present annual compliance plans, revised policies and annual reports to the Board of Directors.
• Identify compliance gaps and strategize policies to further strengthen controls.
• Establish capacity for authentication of card transactions to mitigate card frauds and enable an environment of fraud detection and vigilance.
• Ensure proper governance and administration in creating a central repository of the bank's policies and procedures.
• Assist external inspections, review inspection reports and timely dispose all queries received/raised by regulators or audit agencies.
• Review audit reports and take necessary steps to avoid repetition of irregularities and non-compliance.
• Identify and highlight critical high-risk areas within the compliance regime which require immediate actions to resolve.
• Manage all activities related to NAB, FIA and other government agencies and facilitate their investigations as and when required.
• Serve as the focal person to maintain working relations with SBP for all business and regulatory matters. In addition, attend quarterly compliance forum meetings conducted by SBP.
• Participate actively in management meetings and provide advisory support on compliance issues.
• Provide and check into new products and services that all features are compliant with regulatory requirements.
• Design SOPs to automate the compliance procedures as well as the monitoring of key service indicators within the bank.
• Ensure effective compliance training programs are in place for the staff to improve business’ understanding of relevant laws and regulatory requirements.
• Carry out any task assigned by the President/CEO.

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