Head of compliance

You will be responsible to lead and providing direction on all legal matters and regulatory issues together with existing internal legal resources as well as external legal advisers. You will be a senior member of the team reporting directly to the CEO. There is already a compliance and legal function existing.

• Develop implement and maintain a framework of policies and procedures for managing and mitigating operational and compliance risks in line with laws and regulations applicable to us
  
• Design and implement relevant compliance processes including know your customer (KYC) antimoney laundering (AML) sanctions and combating the financing of terrorism (CFT)
  
• Perform risk assessments to understand risk level significance and scope to our operations
  
• Master a deep understanding of the rules and regulations in which we operate including monitoring any changes and developments
  
• Oversee the gathering of internal information to meet external regulatory reporting obligations and supervise the legal matters of the organization including maintaining liaison with legal advisors regarding smooth handling of the legal cases
  
• Act as a pointofcontact for all employees on issues relating to money laundering terrorist financing and receive reports on noncompliance with laws or company policies
  
• Compile regular reports on risk and compliance performance that can be shared with management or the board of directors so that issues can be rectified
  
• Support our product and market expansion initiatives by overseeing efforts to apply for new licenses where needed
  
• Ensure regular information dissemination and coordinate training across the company on compliance issues and provide proactive and effective solutions for risk management.
  
• Oversee any internal and external audits or regulatory examinations
  
• Manage third party vendor risk reviews and vendor due diligence where relevant
  
• Collaborate with other departments to create a culture of compliance across the organization
  
• Act as a main point of contact with regulator (SBP) and managing inspections and audits
  

Requirements

• Masters Degree in either economics/business/law (preferred). However any candidate with relevant experience will be considered
  
• Relevant course done through ICA (International Compliance Association) or NIBAF
  
• Experience in Pakistan working with regulated financial institutions and the State Bank of Pakistan
  
• ACAMS certification
  
• 3 years in a senior compliance/legal role
  
• Experience in payments/financial services space
  
• Ability to develop deep relationships with regulators (Central Banks or other regulatory bodies) across multiple jurisdictions
  
• Excellent sense of judgment able to help steer the company to balance innovation and growth with regulatory compliance
  
• Critical problemsolving skills
  
• Ability to thrive adapt and embrace change in rapidlychanging regulatory environments
  
• Knowledge of global payments compliance regulation PCI DSS PSD2 GDPR card scheme rules etc.
  
• Experience of any PSO/PSP or EMI would be preferred.
  
• A willingness to learn and can do attitude