Deputy Manager Compliance
Basic Purpose
To support the Head of Compliance in ensuring that the Company operates in compliance with all applicable laws, regulations, directives and internal policies. The role is responsible for conducting compliance monitoring activities, supporting the implementation of the compliance framework, coordinating regulatory reporting, managing AML/CFT compliance requirements and providing compliance advisory support across the Company.
Key Responsibilities
1. Regulatory Compliance Management & Monitoring
- Monitor compliance with applicable regulatory requirements, including the Insurance Ordinance, 2000, Insurance Rules, 2017, AML/CFT Regulations, Companies Act, 2017, SECP directives, circulars and other applicable laws.
- Coordinate with relevant departments to ensure timely implementation of new regulatory requirements.
- Track regulatory developments and assess their impact on the Company's operations.
2. Compliance Monitoring & Testing
- Conduct periodic compliance reviews and monitoring activities in accordance with the approved Compliance Monitoring Plan.
- Review business processes, controls and operational activities to identify potential compliance gaps and weaknesses.
- Document findings, prepare reports and track remediation of identified issues.
- Follow up with business units to ensure timely closure of compliance observations and corrective action plans.
3. AML/CFT & Sanctions Compliance
- Support the implementation and maintenance of the Company's AML/CFT framework.
- Review customer due diligence (CDD), enhanced due diligence (EDD) and sanctions screening controls.
- Monitor compliance with AML/CFT laws, regulations and internal procedures.
- Assist in the review, investigation and escalation of unusual and suspicious transactions.
- Support preparation and submission of AML/CFT reports.
4. Regulatory Reporting & Correspondence
- Assist in reporting significant compliance matters, breaches and emerging regulatory risks.
- Assist in the preparation and timely submission of regulatory reports and other filings to SECP and relevant regulatory authorities.
- Assist in drafting responses to regulatory queries, inspections and information requests.
- Maintain records of compliance activities, action plans and compliance submissions.
5. Regulatory Inspections & Internal Reviews
- Coordinate and support compliance-related inspections and reviews conducted by regulatory authorities, internal audit and other relevant stakeholders.
- Facilitate the timely provision of information, records and supporting documentation required during regulatory inspections, audits and compliance reviews.
- Track and follow-up on the implementation of corrective actions and recommendations arising from regulatory inspections, internal audits, and compliance reviews.
Qualifications & Requirements
Education
- Bachelor’s degree in related discipline.
Experience
- 2–5 years of relevant experience in Compliance, Internal Audit or Regulatory Affairs.
- Prior experience within the insurance sector will be preferred.
- Prior experience in dealing with SECP regulations and regulatory reporting requirements is desirable.
Knowledge
- Sound understanding of the Insurance Ordinance, 2000, Insurance Rules, 2017 and other regulatory requirements applicable to the insurance sector.
- Working knowledge of AML/CFT laws, regulations, sanctions screening requirements and regulatory expectations relevant to the insurance sector.
- Familiarity with SECP regulations, directives, circulars and applicable corporate governance frameworks.
Skills & Abilities
- Strong analytical and problem-solving skills.
- Good written and verbal communication skills.
- Ability to manage multiple priorities and meet regulatory deadlines.
- Proficiency in Microsoft Office applications, particularly Excel, Word and PowerPoint.
- Ability to maintain confidentiality and exercise sound professional judgment.
Last Date To Apply
