HBL was the first commercial bank to be established in Pakistan in 1947.
Over the years, HBL has grown its branch network and become the largest private sector bank with over 1,450 branches across the country and a customer base exceeding five million relationships.
The Government of Pakistan privatized HBL in 2004 through which AKFED acquired 51% of the Bank's shareholding and management control.
HBL is majority owned (51%) by the Aga Khan Fund for Economic Development, 42.5% of the shareholding is retained by the Government of Pakistan (GOP), whilst 7.5% is owned by the general public i.e. over 170,000 shareholders following the public listing that took place in July 2007.
HBL has a presence in 12 countries and a branch of subsidiaries in UK, as well as affiliates in Tanzania, Uganda, Nepal, Kenya, Burundi and Kyrgyzstan. It is also the largest domestic multinational. The Bank is expanding its presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East.
Key areas of operations encompass product offerings and services in Retail and Consumer Banking. HBL has the largest Corporate Banking portfolio in the country with an active Investment Banking arm. SME and Agriculture lending programs and banking services are offered in urban and rural centers.
Screening/Transaction Monitoring Alerts Management
- Ensure timely review/discounting of alerts in SafeWatch (SSW) and Financial Crime Compliance Management (FCCM) system.
- Ensure all RFI requests are duly and promptly provided to the Centre of Excellence (CoE) for the timely closure of all SSW alerts.
- Refer alerts (both SSW and FCCM) with suspicious elements/red flags to the Compliance Managers for further review and investigation.
- At the close of each working day, ensure all SSW alerts are cleared/released and to liaise with other relevant internal stakeholders for transactions that are pending SSW filtering and clearance.
- Ensure all FCCM alerts are closed within the stipulated turnaround time.
Maintenance and preparation of Management Information Reporting
- Ensure the timely updates and the accuracy of the KYC clients list monthly with the relevant stakeholders.
- Assist the Compliance Managers in the preparation of MI reporting to head office and senior management.
Policies and Procedures Management
- Track the revision due dates of all P&Ps in the branch and send out timely reminder to all stakeholders to ensure all P&Ps are revised in a timely manner.
Sanctions Bulletin
- Ensure all sanctions bulletin from head office are duly screened against the entire clients’ portfolio for the review of any true sanctions hits.
Ad Hoc Tasks/Assignments
- Perform screening/checks on information requests from MAS and other government agencies (e.g. MHA, CAD, etc.) and escalate any abnormalities found to the Compliance Managers for further review and investigation.
- Assist the Head of Compliance and the Compliance Managers with any ad hoc tasks/assignments from time to time.
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