655 Bank Al Habib Ltd Jobs Announced, Pakcreamy Jobs 11-02-2017
a) ensuring compliance with the U.S. Foreign Accounts Tax Compliance Act (FATCA) Regulations and OECD’s Common Reporting Standard (CRS) in the Bank, including its overseas branches and subsidiaries (as appropriate).
b) analysing changes / modifications in FATCA / CRS regulations and communicating these to the branches and key stakeholders in the Bank in a coherent and logical manner.
c) monitoring and ensuring that overseas branches / subsidiaries operate in full compliance with the laws and regulations of their respective jurisdictions as regards Anti Money Laundering / Combating Financing of Terrorism Laws and KYC / CDD guidelines.
d) identifying and maintaining a record of Non Participating Foreign Financial Institutions (NPFFIs) at the time of account on-boarding as well as during account maintenance of pre-existing Financial Institution accounts.
e) ensuring timely and accurate FATCA / CRS reporting.
f) identifying material non-compliance of FATCA and / or CRS due diligence requirements and take remedial measures to prevent their recurrence.
g) liaising with IT to ensure timely development and roll out of fields to capture FATCA / CRS data in the core banking system
h) establishing policies and procedures to assist overseas branches in implementing AML / CFT and KYC / CDD practices in accordance with the Bank’s policies and regulatory requirements specific to their jurisdictions.