Opportunity Information
1
Bank/ Digital Bank/ Microfinance Bank/ Financial Institution
Experienced Professional
Regular/ Full Time
On- Site (Fixed Location)
Karachi
The Role
Raqami Islamic Digital Bank is hiring a Senior Manager for its Transaction Monitoring System (TMS) function in Compliance, to lead monitoring, detection, investigation and escalation of suspicious transactions and AML/ CFT risks.
•Lead and manage the Bank's Transaction Monitoring System (TMS) operations and monitoring framework •Oversee the review and investigation of alerts generated through transaction monitoring systems •Ensure suspicious transactions and unusual customer activities are appropriately identified, investigated and escalated •Monitor TMS effectiveness and recommend enhancements to monitoring rules, scenarios, thresholds and controls •Ensure compliance with SBP AML/ CFT Regulations, FATF standards, sanctions requirements and internal policies •Conduct quality assurance reviews of transaction monitoring investigations and case management activities •Partner with Compliance, Risk, Operations, Technology and Business teams to strengthen monitoring capabilities •Oversee Suspicious Transaction Reporting (STR) and internal escalation processes •Analyze emerging AML/ CFT risks, typologies and financial crime trends impacting the Bank •Perform periodic reviews and tuning of monitoring scenarios to minimize false positives and improve alert quality •Support sanctions screening, name screening and high-risk customer monitoring initiatives •Coordinate with Technology teams on system upgrades, monitoring enhancements and automation initiatives •Develop monitoring dashboards, management reports and compliance MIS •Support internal audits, compliance reviews, regulatory inspections and independent testing exercises •Monitor regulatory changes and ensure TMS processes remain aligned with evolving requirements •Lead staff training and awareness initiatives related to transaction monitoring and AML/ CFT requirements •Build, mentor and develop a high-performing transaction monitoring team
Applicants General Eligibility & Requirements
•Persons with disabilities are encouraged to apply
7- 10 years
Education, Experience and Skills Requirements
- Bachelor 16 Years: Finance, Banking, Business Administration, Economics, Accounting, Law, Information Systems
- Masters: Any Discipline
7-10 years of banking and financial services experience with substantial exposure to AML/ CFT compliance, transaction monitoring, financial crime compliance, sanctions compliance, regulatory compliance and banking operations; 3-5 years of leadership experience in transaction monitoring, AML operations or financial crime compliance functions Preferred: Experience in digital banking, Islamic banking, payments, remittances and SME banking environments
AML/ CFT Compliance, Transaction Monitoring, Financial Crime Risk, Regulatory Compliance, Sanctions Compliance, Case Investigation, Monitoring Analytics, Risk Assessment, Stakeholder Management, Team Leadership
About the Employer
Raqami Islamic Digital Bank