Compliance Manager

Job description / Role

• Ensure compliance with applicable laws, rules, regulations and instructions issued by SAMA and NBP HO and further ensure that higher of the two standards are followed.
• Oversight of all applicable Regulator aspects and Laws of NBP Riyadh Branch. This includes implementation of bank's various policies and procedural document, development of Compliance policies as and when required by the local regulator as well as all Compliance Functions as specified in the Compliance Policy and AM L/ CFT Policy of the Bank.
• Develop end-to-end compliance programs and all allied policies, procedures, methods, tools etc. in the light of local regulator and SBP Compliance Risk Management guidelines and ensure, monitor and oversee their NBP Riyadh wide implementation.
• Identify and Report Compliance Breaches in Central Bank regulations to Compliance Group, HO.
• Identify / Monitor suspicious transactions and reporting of the same as per local regulatory requirement.
• Ensure timely submission of data/ ret urns to regulator, where applicable.
• Submit all the required reports and findings to Compliance Group Head Office on timely
• basis as and when required but not limited to the following
• Organizing Compliance Committee Meeting as per its TORs and sharing its meeting and agenda with CG
• Developing and implementation of Annual Compliance Plan
• Facilitate Regulatory Inspections, manage Regulatory Penalties, compliance with regulatory inspection reports
• Act as a liaison between Local Regulators and the Bank and establish a close working relationship with all key personnel of the branch and HO to facilitate effective implementation of Compliance program.
• Where the law of the host country conflicts with the Compliance requirements of NBP or SBP and branch is unable to full y observe the higher standards, CCO shall report this to the Head office for further guidance.
• Ensure that regulatory enforcement actions are implemented in letter and in spirit within given time frame and in manner as prescribed by the regulatory authority.
• Ensure dissemination of updates in regulations and compliance procedures to relevant stake holders
• Performing roles and responsibilities as listed in NBP Global Compliance Policy
• Determine the resources required for Compliance Function to carry out all its roles and responsibilities professionally and of desired quality.
• Develop, coordinate, and participate in a multifaceted educational and training program that focuses on the elements of the compliance program, and seek to inculcate a conductive compliance/risk culture in the branch.
• Oversee fraud investigation involving customer accounts and recovery of funds, and coordinating investigate ions with external investigation and enforcement officials
• Ensure that a documented code of ethics is periodically disseminated to and is acknowledged by all employees of NBP Riyadh.

Requirements

• CCO, ACAMS certified professional with total 5+ years of experience of working in Banking, Finance or Insurance sector.
• Minimum 3 years of experience of working as AML/Compliance Manager.
• Preference will be given to those candidates who already have SAMA NOC for the AML/Compliance Manager position.

About the Company

National Bank of Pakistan is largest state owned bank operating in Pakistan. It has redefined its role and has moved from a public sector organization into a modern commercial bank. The Bank's services are available to individuals, corporate entities and government. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan (in places where SBP does not have presence).

National Bank of Pakistan has built an extensive branch network with over 1313 branches in Pakistan. It has agency arrangements with more than 3000 correspondent banks worldwide. Its subsidiaries are Taurus Securities Ltd, NBP Exchange Company Ltd, NBP Capital Ltd, NBP Modaraba Management Company Ltd, and CJSC Bank, Almaty, Kazakhstan. It has recently opened a subsidiary in Dushanbe, Tajikistan.

The bank has global presence having 23 overseas branches in 11 countries. The bank also has a representative office in China and Canada.