Zarai Taraqiati Bank Limited Jobs for AML and Compliance Professionals

Conduct ongoing reviews of the bank's AML/CFT/CPF policy and ensure timely updates whenever required. Ensure that the bank's operations comply with SBP AML/CFT/CPF regulations issued from time to time. Arrange capacity-building programmes on AML/CFT/CPF in coordination with the Training and Development Division. Ensure upgrades to AML/CFT/CPF systems in line with new developments. Coordinate with internal and external auditors and SBP audit teams on AML/CFT/CPF matters. Handle administrative matters concerning employees posted in the department and maintain relevant records.

Knowledge of applicable AML/CFT laws and SBP AML/CFT/CPF regulations; ability to identify and assess exposure to AML/CFT risks; experience coordinating internal, external and SBP inspections; conducting training and capacity-building programmes; and handling administrative affairs.

Identify and assess risks associated with business processes that may affect the reliability of financial reporting. Design or update business processes and internal control documentation. Plan and conduct periodic testing of key controls. Identify gaps during periodic testing and take action to resolve them. Coordinate with and facilitate internal and external auditors in carrying out their assignments. Perform other assignments entrusted by management.

Knowledge of SBP AML/CFT/CPF regulations; accounting documentation required under SBP regulatory requirements; Customer Due Diligence and Enhanced Due Diligence requirements; and miscellaneous branch operations requirements in commercial banking.

Undertake internal assessment of top depositors in accordance with SBP requirements. Scrutinize accounts and send deficiencies to branches for rectification. Monitor customer accounts, including high-risk accounts, politically exposed persons, NGOs, NPOs and trusts. Monitor CDD/EDD requirements and completion of account documentation in accordance with regulatory requirements. Review the periodic ODD exercise for customer accounts and coordinate with branches for compliance. Follow up with assigned branches to address pending AML queries within defined timelines.

Knowledge of SBP AML/CFT/CPF regulations; accounting documentation required under SBP regulatory requirements; Customer Due Diligence and Enhanced Due Diligence requirements; and miscellaneous branch operations requirements in commercial banking.

Extract and submit Currency Transaction Reports reported by branches to the relevant regulatory authorities within defined timelines. Manage the workflow of alert monitoring in TMS, from alert generation through closure. Review and investigate AML alerts for assigned branches. Prepare offline notes for identified transactions to be reported as STRs to FMU, for approval by the competent authority. Follow up with assigned branches to address pending AML queries within defined timelines. Regularly follow up on each identified transaction and discuss it with the Team Lead for further action. Rectify loopholes and weaknesses identified in branches. Maintain MIS for reported STRs and CTRs, together with documentation and correspondence for the audit trail.

Knowledge of applicable AML/CFT laws and SBP AML/CFT/CPF regulations; ability to identify and assess exposure to various AML/CFT risks; assessment of AML risks relating to counterparties and products; transaction analysis and customer risk assessment; and detection and reporting of suspicious transactions.