Khushhali Microfinance Bank Limited Jobs Quality Assurance Specialist AML:
Organization: Khushhali Microfinance Bank Limited
Khushhali Microfinance Bank Limited is looking for Quality Assurance Specialist – AML.
Email your resumes at: Careers@kb.com.pk Mention position title in subject.
Please note it’s a full time position based at Islamabad – Corporate Office, Gulberg Greens.
Who are we looking for?
. 1-2 years of experience in a financial environment. Exposure to Banking Operations, experience and knowledge of AML/CFT regulations, AML/CFT Act and best practices will be an added advantage.
. Bachelor’s degree in business administration/finance/economics/commerce from an HEC recognized institution.
Key Responsibilities:
Compliance of UNSC and Targeted Financial Sanctions Regime;
- Conduct quality assurance reviews to ensure compliance with the UNSC and Targeted Financial Sanctions Regime, including screening activities, freezing/de-freezing actions, and adherence to Anti-Terrorism Act 1997.
- Verify daily NACTA reconciliation and oversee watch list management and FCM Alerts generated through bulk scanning.
- Analyze data to accurately identify Proscribed and Designated Persons/Entities.
- Conduct periodic gap assessments on FCM and implement improvements as needed.
- Review and enforce AML/CFT policies, procedures, and preventive controls.
- Assess internal risk for ML/TF/PF, including Transnational TF risks.
Transaction Monitoring & Alert Management;
- Conduct quality assurance reviews and gap assessments for alert generation in transaction monitoring rules, implementing necessary controls.
- Ensure quality assurance of closed alerts.
- Review and approve Transaction Monitoring Alerts escalated by AML Analysts for closure or potential reporting of STRs.
- Ensure timely and accurate submission of STRs/CTRs to FMU via goAML, adhering to SBP regulations and the Bank’s KYC/AML/CFT Procedural Manual.
- Perform periodic self-monitoring to mitigate potential penalty risks for KMBL.
Compliance of KYC/CDD Policy & Procedures;
- Conduct quality assurance reviews and gap assessments for the KYC/AML Risk Profiling Model, ensuring updates align with changing ML/TF/PF risks.
- Oversee periodic CDD reviews, ensuring completion based on thresholds.
- Review and maintain records of rejected and closed accounts based on CDD/EDD for both management and regulatory purposes.
- Monitor timely completion of periodic and trigger event CDD review activities.
- Implement KYC/CDD recommendations to address issues identified during transaction monitoring.