Head of Compliance at EXIM Bank of Pakistan

Job Description

Are you a seasoned compliance expert with a passion for financial regulations and risk management? EXIM Bank of Pakistan is looking for a dynamic individual to join their team as the Head of Compliance.

This senior management position is based in Islamabad or Karachi and offers a permanent role within the banking and finance sector.

If you have a solid background in compliance, risk management, and leadership, this role is an excellent opportunity to make a significant impact in a leading financial institution.

About EXIM Bank of Pakistan

EXIM Bank of Pakistan plays a crucial role in supporting and promoting the country’s export sector. By offering financial products and services tailored to the needs of exporters, the bank is a key driver of economic growth.

The Finance & Economy department is responsible for ensuring that the bank adheres to financial regulations and maintains strong governance standards. As the Head of Compliance, you will be at the forefront of ensuring that the bank’s operations meet local and international regulatory standards.

Why Join EXIM Bank of Pakistan?

Joining EXIM Bank as the Head of Compliance offers a range of benefits:

• Leadership Opportunity: Take on a senior role where you can influence the direction of compliance strategies.
• Strategic Role: Play a crucial part in shaping the bank’s compliance policies and aligning them with both local and global regulatory standards.
• Impactful Position: Your work will contribute directly to reducing financial risks and ensuring the bank’s long-term success.
• Professional Growth: Work in a challenging environment where your skills and expertise will be valued, and you can continue to grow professionally.

Key Responsibilities of the Head of Compliance

As the Head of Compliance at EXIM Bank of Pakistan, your role will include a wide range of responsibilities to ensure that the bank operates within the bounds of legal and regulatory frameworks. Key responsibilities include:

• Compliance Strategy Development: Formulate and implement the bank’s compliance strategy, ensuring it aligns with regulatory requirements and the bank’s mission.
• Policy and Procedure Implementation: Develop and enforce compliance policies, including KYC (Know Your Customer), AML (Anti-Money Laundering), CFT (Combating the Financing of Terrorism), and Proliferation Financing.
• Trade-Based Money Laundering (TBML) Framework: Establish and implement a TBML risk mitigation framework tailored to the bank’s operations and aligned with the State Bank of Pakistan (SBP) guidelines.
• Regulatory Liaison: Coordinate with SBP during inspections, respond to regulatory inquiries, and maintain strong communication channels with regulators.
• Suspicious Transaction Reporting (STR): Oversee the STR process, ensuring suspicious transactions are identified and reported in accordance with SBP regulations.
• Internal Compliance Audits: Lead internal reviews of policies, procedures, and banking products to ensure compliance with legal standards.
• Team Leadership: Build and lead a high-performing compliance team, providing them with guidance and training on regulatory requirements.

Experience and Qualifications

To qualify for the position of Head of Compliance, you need:

• Experience: A minimum of 10 years of experience working in compliance in Pakistan’s financial sector, with at least 4 years in senior management roles.
• Educational Background: A Bachelor’s degree in Economics, Finance, Commerce, Business Administration, or a relevant field (Master’s degree preferred), from an HEC-recognized university.

Key Skills Required

• Regulatory Knowledge: A strong understanding of SBP regulations, AML/CFT laws, and other relevant compliance frameworks.
• Attention to Detail: The ability to develop strategies while ensuring strict attention to detail in regulatory compliance.
• Team Leadership: The capability to lead and motivate a team, ensuring effective compliance across all levels of the bank.
• Strategic Thinking: Expertise in setting up compliance systems and processes, with a strategic outlook to foresee potential risks.
• Strong Communication: Excellent communication skills in both English and Urdu, enabling effective collaboration with stakeholders and regulators.

Core Competencies

To succeed in this role, candidates should demonstrate:

• Leadership Skills: The ability to attract, retain, and lead a skilled compliance team, fostering collaboration across departments.
• Critical Thinking: Strong analytical and problem-solving skills to navigate complex compliance challenges.
• Regulatory Knowledge: An in-depth understanding of Pakistan’s trade model, banking practices, and SBP’s TBML guidelines.
• Technology Proficiency: Computer literacy and an interest in automation tools to streamline compliance processes.

Career Growth and Impact

This position offers the chance to work at the intersection of compliance and business strategy in one of Pakistan’s key financial institutions.

As the Head of Compliance, you will play a pivotal role in reducing financial risks, ensuring the bank’s legal integrity, and supporting Pakistan’s trade sector by minimizing exposure to financial crimes such as money laundering.

Your leadership will be instrumental in shaping the future of the bank’s operations and governance.

How to Apply

Interested candidates can apply by online.

Take this opportunity to lead a crucial function at EXIM Bank and contribute to the development of Pakistan’s economy by ensuring robust compliance with national and international financial standards.

By joining EXIM Bank as the Head of Compliance, you will not only enhance your career but also play a crucial role in safeguarding the financial sector of Pakistan. Apply now and be part of a dynamic team committed to excellence!