Compliance Advisor (Onsite, Lahore, PKR Salary)

Responsibilities:

• Perform comprehensive risk assessments to evaluate clients' risk levels, significance, and scope.
• Develop, implement, and regularly update policies, procedures, and controls to mitigate risk exposure and ensure compliance.
• Draft, update, and implement KYC/CDD measures, including performing KYC, KYB, KYS, KYE, screening, and other compliance checks during client onboarding and as needed.
• Review internal rules and procedures to ensure alignment with applicable laws and propose necessary updates and developments.
• Act as the Compliance Officer in accordance with applicable regulations, including responsibilities related to AML/CFT and ESR services such as assessments, notification submissions, and report preparation.
• Review, scrutinize, and analyze records and data related to suspicious transactions, and make informed decisions on whether to notify the FIU or maintain the transactions with justified reasoning, ensuring full confidentiality.
• Prepare and submit suspicious transaction reports and regular compliance reports to relevant authorities and clients.
• Investigate irregularities and non-compliance issues, highlight areas of concern, and propose effective solutions.
• Monitor, review, and analyze compliance risks to ensure adherence to applicable legislation and regulations through effective processes, systems, and controls.
• Coordinate with internal and external parties to facilitate regulatory compliance and fulfillment of all requirements.
• Maintain and update statutory registers for clients.
• Prepare, execute, and document ongoing training and development programs for clients on compliance matters, with a strong focus on AML/CFT.
• Educate clients on regulations and the organizational impact of non-compliance.
• Collaborate with Supervisory Authorities and the FIU by providing requested data and granting access to necessary records and documents for audit or inspection purposes.
• Stay informed on relevant laws, regulations, guidance, sanctions, directives, and resolutions applicable to the client's operations.
• Conduct compliance gap analyses and contribute to the establishment of robust and effective compliance control environments.

Requirements:

• A university graduate in Finance and Accounting/ Law
• Professional certification in AML and compliance
• 2+ years of relevant work experience. 
• Experience in the UAE will be an added advantage
• Proficient in VAT and Tax Computations.
• Quality standards and quality assurance policy and procedure.
• Good understanding of accounting and financial reporting principles and practices.
• Good understanding of VAT regulations, AML and regulatory law.
• Proficient in English