Position Description:

• Supervising Compliance Team and assistance to the Head of Compliance and Ensure adherence to SECP shariah guidelines and other regulatory requirements related to Shariah governance.

Job Responsibilities:

• Ensuring compliance of Collective Investment Scheme(s) with NBFC Rules and Regulations.
• Assisting Supervisor/Sr. Management in correspondence with the Commission and Regulator(s) on behalf of AMC.
• Provide direction and establish guidelines for subordinates in performing effective KYC and AML activities.
• Monitor and review KYC and AML activities from time to time and report identified exceptions to Sr. Management (if any).
• Monitor and report exceptions observed from company existing policies to Supervisor/Sr. Management with remedial actions (if any).
• Provide guidance to department subordinate(s) in developing various reports/Compliance purposes.
• Coordinate with other concerned departments for ensuring compliance with NBFC Rules and Regulations.
• Provide latest updates and feedback on amendments in the NBFC Regulatory Framework to concerned departments.
• Suggest from time to time to the Supervisor/Sr. Management on new Risk and Compliance activities, trends and practices in the industry.
• Coordinate with SECP on investor’s complaint and other matters.
• Ensure adherence to SECP shariah guidelines and other regulatory requirements related to Shariah governance.
• Ensure that business operations are in conformity with Shariah principles and rules. (Shariah Govt. Regulations)
• Stay updated with changes to the Shariah Governance Regulations and assist in ensuring the company complies with new regulations.
• Act as a liaison between the company and the Shariah Advisors.
• Assist in organizing and conducting shariah compliance training sessions for employees.
• Participate in product reviews and provide input on Shariah compliance considerations.
• Assist in preparing and submitting shariah compliance reports to senior management, board of directors and regulatory authorities etc. (Regulations)
• Assist in preparation of responses to internal audit observations related to shariah products activities.
• Assist Head of Compliance in reviewing all the shariah product proposals and related agreements, contracts, manuals, process flows before presenting these to the BOD and the Shariah advisor for approval. (Regulations)
• Respond to any inquiries from the SECP or other regulatory bodies regarding Shariah compliance issues.
• Perform tasks that may be assigned from time to time.

Required Competencies:

• Strong knowledge and exposure to NBFC’s Regulatory Framework
• Understanding of Shariah Governance Regulations and Shariah compliance principles.
• Strong Team Management skills – a team player with outstanding work ethics and high level of motivation & persistence
• Effective Communication Skills (written and verbal both) – to be able to prepare legal reports proposals, job descriptions, policies and procedures.
• Strong Negotiation Skills and the ability to counsel.
• Strong Analytical Skills
• Interpretation of Corporate Laws

Required Education & Experience:

• Minimum Bachelor’s degree in Finance/Law/ Professional Qualifications from a reputable / HEC recognized institution or from a renowned local/ foreign university / accounting body.
• 5-8 years of relevant experience.