Page 24 - NIBAF-Training Matters January - June 2023

Making Fact Based Business Analytics for Risk Mitigation of Monitoring, forensic data analytics,
Decisions using Data Analytics Financial Crimes in Bank streamlining data and knowledge
Branches & Webinar on CFT management in branches and
Data analytics is enabling superior Analytics practical application of data
Anti-Money Laundering performance in organizations science/analytics. Twenty-seven
Transaction Management across all industries; the financial As financial crime activities grow participants from the financial
Systems Tuning sector which already houses a more sophisticated and costly, industry participated in the
tremendous amount of data holds financial sector regulators are program.
Financial institutions around the no exception when it comes to imposing rigorous compliance
globe are increasingly relying on capitalizing on this trend which requirements with FIs increasingly Artificial Intelligence Tools for
automated technology to detect shall persist. Banks must embed being in the forefront of the fight Financial Analytics
unusual or suspicious activity. analytics into their processes and against financial crime. To deliver
Transaction Monitoring Systems workflows to identify trends and on this responsibility, FIs must Artificial intelligence has been
(TMS) use Artificial Intelligence to gain insights into customer behav- transform their operations and finding its way to a multitude of
sift through transactions and iden- ior, identify potential risks and to adopt advanced solutions & tech- industries including the financial
tify any deviations from expected or make better business decisions and nologies to process the enormous sector with its capabilities in terms
usual trend. In order to deploy an design effective strategies for all amounts of data that is flowing of increasing efficiency, optimizing
effective TMS, institutions must areas of banking operations. through their banking systems to processes and ultimately improving
implement a process of regular preemptively analyze risks to customer retention. Within the banking
reviews and re-tuning of the TMS to In order to support necessary data improve agility of their crime & finance sector, most important
enhance detection of suspicious analyst capabilities in the banking prevention systems. and ground-breaking use cases can
activity and to reduce the number professionals, NIBAF-Islamabad orga- be seen in regulatory compliance,
of low value alerts. TMS combines nized a webinar on Making Fact In order to support bankers, Predictive Credit Risk Assessment
statistical analysis with the knowl- Based Business Decisions using reinvent their processes and personalized banking, investment
edge of how money is laundered monitoring and modern analytics Business Intelligence(BI) Tools for Data Analytics on April 18, 2023. capitalize on the opportunities banking & wealth management,
with some judgement to build techniques employed in the Financial Industry Almost 120 participants from the triggered by advancements in data trading, Fraud detection etc,
detection scenarios tailored to the process. financial industry participated in science, an online program on
institution's AML risk profile; and Business Intelligence Tools offer the program which focused on data “Analytics for Risk Mitigation of Given this transformative ability
the Transaction Tuning Systems Data Analytics for Trade Based financial institutions a deeper science, its methodologies, tools Financial Crimes in Bank Branches” that AI possesses for the financial
strive to optimize these rules and Money Laundering (TBML) understanding to optimize business and opportunities for their success- was conducted on May 30, 2023 sector, an online program on Artifi-
scenarios to better identify suspi- decisions and hence play a key role ful application in the business while a webinar of “CFT Analytics” cial Intelligence Tools for Financial
cious activity and to rationalize TBML is one of the hardest areas to in the strategic planning process. decision within the banking and was conducted on June 8, 2023 by Analytics was conducted on June
positive alerts and hence reduce monitor for illicit activity given the Within the financial sector, there financial industry and its present Mr. Usman Ali Khan, Head CFT & 12, 2023 for financial institutions by
workload of the team allowing complexity and scale of the transac- are many use cases for BI that can and future prospects. Mr. Umair and Governance for Sanctions Mr. Umair Arshad. Mr. Arshad has
them to focus on meaningful alerts, tions. However, the ever-growing help financial institutions manage Arshad, a renowned data scientist Listings, HBL. Mr. Khan is a more than five years’ experience of
to improve program performance. amount of data that the financial risk, leverage customer insights for who has delivered multiple data AML/CFT compliance specialist working in data science applications,
institutions possess can empower improved marketing and customer analytics projects and specializes in with more than 16 years in function- multiple data analytics projects and
In view of the significance of the institutions to consistently and retention, gain visibility into their natural language processing and al areas of Compliance, AML/KY- with specializing on natural language
topic for banks, NIBAF organized a effectively detect criminality with business operations to improve oper- machine learning conducted the C/CDD, Audit, Internal Controls & processing and machine learning.
two hours online session on in the the help of analytical capabilities. ational efficiencies and profitability. session. Participants highly appreci- Risk Management. Mr. Khan is The training focused concepts of AI
areas on February 13, 2023. Mr. ated the content and delivery of the effective trainer & facilitator who tools, application and use cases in
Assad Farman Ali who is currently In order to support financial sector In order to build capacity of bankers trainer and suggested further data conducted a very interactive financial industry, ChatGPT and
working as core member of FMU’s professionals, build the necessary in the area, NIBAF-Islamabad conducted science topics to enhance their session with in depth discussion on other such resources with their
Analysis Division and goAML capability, an online session in the a webinar on the topic on March 21, understanding of application tech- important concepts in financial present and future prospects.
Reporting Implementation Project area was held on March 17, 2023. 2023. The training focused on intro- niques from the perspective of the crime and key parameters to exam- Forty-six participants from various
Task Force, conducted the session Team from HBL including Mr. Usman duction of business intelligence banking sector. ine when analyzing the data. The commercial banks and other finan-
and discussed TMS as the first line Ali Khan, Head CFT, and Mr. Jawad tools, significance of BI tools for training further focused on KYC & cial institutions participated in the
of defense against Anti Money Ahmed Khan, Manager CFT and banking and financial industry and Sanctions Screening, Transaction program.
Laundering and Countering Finan- Analytics delivered the program. future outlook of data science and
cial Terrorism, its built-in capabili- The speakers discussed the key its applications in banking industry.
ties to identify and report suspi- concepts of TBML, its typologies, Mr. Shan Hasan, Head Business
cious transactions and need the red flags and counter-measures. Intelligence, UBL delivered the
need for innovation and improve- session and imparted concepts of
ment in these systems to enhance They further discussed techniques business intelligence and their use
transaction monitoring and report- for examining trade transactions cases in bank operations. Sixty-four
ing. He further discussed intuitive data, types of analytics applied for participants from various commer-
scenarios and strategies to reduce fraud and TBML detection, use cases cial banks and other financial
false positives, identification of for over/under invoicing, multiple-in- institutions participated in the
relevant alerts and effective moni- voicing, over/under-shipment by program.
toring of suspicious transactions, importers & exporters, customer
various issues faced in reporting risk profiling & screening measures
and analysis of suspicious transac- using data analytics. Thirty partici-
tions. Mr. Farman effectively pants from various commercial
responded to participants queries banks and SBP BSC offices partici-
on further improvement of TMS pated in the program.

24 Training Matters | January-June 2023

NIBAF-Islamabad and attended by Because of its focus on activity-based Management Trainee Officers from the senior management of on specific requite of the Bank of serving as Deputy Director (Analy- area of regulatory compliance
46 Branch Managers from different learning techniques, NIBAF's PMP Program PCICL were also invited to interact Punjab, sensitization session on the sis) & goAML Expert in the Financial in-line with the particular require-
branches of Bank AL Habib located is becoming popular with participants with the MTOs under scheduled topics was conducted on June 21, Monitoring Unit (FMU). He is also a ments of the respective company.
in different regions of the country. and HR executives of banks. Partici- NIBAF has designed a one-month evening talks. 2023 by Mr. Shahid Iqbal, Subject key member of Pakistan’s goAML
SBP strongly advocates a continu- quences of violating the rules can Branch Manager Certification pants learn through watching training program for the newly A closing ceremony was held on Specialist, NIBAF. Almost 50 partici- reporting and is implementation In this context, NIBAF organized
involved
taskforce
pants including many senior execu-
in
training
customized
three
ous learning environment and be significant. Program (BMCP) A shorter version of the BMCP was after-class films in training rooms, inducted employees Management
instructs banks to implement a customized for the branch managers participating in competitive indoor Trainee Officers (MTOs) of Pak China June 02, 2023 at NIBAF Islamabad tives from BOP attended the risk-based screening and analysis of programs for M/S. Pakistan Curren-
cy Exchange and M/S. Rajgan
STRs and disseminating financial
program and appreciated the
where, Managing Director NIBAF,
comprehensive training and devel- The compliance trainings, however, Ever increasing complexity of rules of the Bank of Punjab. This program activities and playing outdoor Investment Company Limited (PCICL). Mr. Riaz Nazarali Chunara, Director expertise and skill of the trainer in intelligence to various law enforce- Exchange-B. The programs for
opment policy to enhance the can often be quite daunting especially that govern banking and digital comprised of five days and also games. Among the indoor activities This residential training program L &D Syed Sajid Ali and Managing the area. ment agencies. Pakistan Currency Exchange were
overall capacity of their employees. for compliance officers who must transformation led by innovation in focused on technical and soft skill are the box tower building exercises, that commenced from May 02, 2023 Director, PCICL, Mr. Jiang Ketao also conducted in Karachi and Lahore,
In compliance to these instructions, remain up-to-date on the regulatory service delivery channels and intro- development with the support of rolling ball communication exercises and concluded on June 01, 2023 is a
banks have formalized their train- changes and also effectively com- duction of hi-tech core banking outbound exercises. The first iteration and blindfold Jenga Tower games. talent nourishing program that participated. Mr. Jiang Ketao start- Customized Programs The trainer discussed various issues while that for Rajgan Exchange was
held at NIBAF Islamabad. An experi-
ed off by congratulating all the
ing & development function and municate them to the rest of the solutions has fundamentally changed of the certification was conducted Outside activities include a paint- offers young graduates a chance to young officers on their successful for Exchange Companies faced by exchange companies in enced panel of trainers including
frequently collaborate with NIBAF organization. In view of the specific the role of a bank branch. Customer at NIBAF Lahore from June 05-09, ball-based activity called "Art of War realize their career aspirations, gain completion the program and identification, filing and reporting Mr. Shahid Mubin-Joint Direc-
for support in designing training requirements of institutions and to expectations and engagement 2023 with the participation of 46 for Managers" in which three teams exposure & experience to meet the thanked NIBAF for conducting a Awareness session with FMU on of STRs, process steps for filing STRs tor-EPD-SBP, Mr. Khalid Mah-
programs including short ensure the trainings meet the landscape has also made the role of branch managers from Lahore compete in a war-like situation using future needs with skills and exper-
programs as well as certificate particular requirement of specific the Branch Manager critical in Region. The program was a blend of paintball guns and equipment at tise required for the company. This comprehensive capacity building STR Filing on goAML and a detailed discussion mood-Joint Director-BSD-SBP and
program for MTOs. In the end, Man-
on documentation required from
Syed Hassan Raza-Ex Assistant
program for different functional compliance teams, NIBAF in coordi- ensuring significant efforts to both technical and soft skills modules carefully selected locations. Three program precedes the in-house aging Director NIBAF, Mr. Riaz NIBAF has been regularly engaging walk in customers and expectations Director-SBP were invited to
areas and hierarchies. nation with relevant stakeholders maintain prominence and reputa- including an outbound exercise. iterations of the program, two in training at PCICL and aims to build Nazarali Chunara concluded the with the exchange companies to of FIA vs FMU and SBP. Participants conduct these trainings. All the
including SBP, FMU, NAB and FBR tion in the market place and professional and soft skills to enable
Over the last six months, NIBAF has developed a comprehensive achieve profitable growth. This the incumbents prepare for ceremony and lauded the batch for assess the skill gap of their employ- from various exchange companies trainers have several years of experi-
engaged with HBL, Bank AL Habib body of knowledge on regulatory expansion in the role and expecta- challenges at workplace. their commitment towards learn- ees and develop suitable training participated in the session and the ence in on-site examination of
programs to support them in devel-
exchange companies and their
ing and wished them to well for
trainer discussed their queries and
and the Bank of Punjab to develop compliance that focuses on today’s tion from Branch Managers neces- their career aspirations. The train- oping required expertise in the area issues in the area. off-site policy making and compli-
various customized programs top risks for the banking industry. sitate a comprehensive and The program has been designed to ing ended with award of certificate of regulatory compliance particu- ance monitoring. The training
which were conducted at NIBAF The developed content is delivered well-structured capacity building allow participants the opportunity of completion to the all MTOs by the larly assessment of AML/CFT risks Regulatory Compliance and programs addressed specific needs
campuses as well as the respective through rich discussions with program that balances the required to interact with seasoned subject
banks’ training academies under seasoned experts and practitioners technical skills with soft skills. matter experts from central banks, management of NIBAF. and related reporting. After AML/CFT and queries of participants from
detailed discussions and need
both the exchange companies. A
the guidance of Mr. Shahid Iqbal, in the field with frequent references commercial banks and other Awareness & Sensitization analysis from different exchange Exchange companies have shown total of 74 officials attended the
Subject Specialist, NIBAF. to industry best practices, real cases In this backdrop, NIBAF in collaboration institutions. The learning experi- Session - Policy for Financial companies, an online awareness keen interest in resource develop- trainings and were trained in the
of compliance failures and associated with Bank AL Habib, designed the ence covered different topics rang-
Brief overview of the programs is as liabilities faced by FIs as well as cases Branch Manager Certification Program ing from Pakistan economy, finan- Inclusion of Persons with session on ‘Filing of STRs with FMU’ ment and NIBAF has been coordi- areas of Regulatory Compliance
below: leading to complex investigations (BMCP) to impart the essential cial sector overview, central bank- Disabilities (PWDs) was conducted on February 16, nating with them to assess their and AML-CFT.
specific training requirements and
2023. The session was facilitated by
and regulatory/criminal penalties. business acumen and competencies ing & monetary policy, financial Persons with Disabilities generally Mr. Assad Farman Ali currently develop customized courses in the
Compliance Staff Development for customer-centric service delivery statement analysis, credit & trade face severe limitations while
Program NIBAF conducted three one-day to effectively serve the evolving operations, security documenta- accessing financial services due to
programs for 135 officers of HBL customer needs through the branch tion, aml and prudential regula-
Organizations have plenty of risks team from January 24-26, 2023 at network. BMCP aims to equip the People Management Program February-2023 and one in May-2023, tions, corporate governance and their physical constraints and
perceived inability of handling
to manage making compliance their training academy located in participant with the tools to (PMP) have been conducted in NIBAF control functions of banks. different banking transactions
trainings an essential and worth- Karachi. Panel of trainers from optimize the bank’s service culture Islamabad over the six months which properly and safely. SBP has high-
while investment; but for heavily NIBAF, FMU and covered a range of and drive process improvements, Managing people is one of the most were attended by middle to senior Beside the functional areas, soft lighted a need to make banking
regulated industries, benefits of a important topics in the compliance implement management informa- critical traits for managers as well as management of Bank AL Habib skills development trainings com-
well-designed compliance training area including Anti-Money Laundering tion systems with key performance the differentiating factor between a from across Pakistan. prising of important organizational easy and convenient for them
through supportive physical infra-
program are even more and Anti-Terrorism Act, Sanction indicators to maximize branch good and an average manager. The skills including communication, structure, accessible products and
pronounced as the potential conse- Compliance and SBP regulations. productivity, and grow and retain PMP has been designed to enlight- public speaking, team building and services, assistive technologies, and
frontline staff for a competitive and en participants on leadership styles, sensitization to workplace harass- supportive staff interactions. In
sustainable advantage. build people management practic- ment sessions were also included in
es to enable managers productively the training program. Key speakers view of the provincial and federal
Besides the presentations and interact and lead the teams to laws which prescribe a minimum
PWDs
of
be
to
percentage
discussions with industry experts, achieve the desired performance employed in institutions, SBP has
the program also features outbound benchmarks, and to enable current issued a framework to make finan-
team building activities to help and aspiring leaders improve work-
participants apply their strategic place communication to build trusting cial services accessible to PWDs
and is actively involved in monitor-
planning skills as part of a team. The relationships with the fellow ing its proper implementation in
training program also includes daily colleagues. Activity-based demon- financial institutions.
quizzes and previous-day group strations and practical tools are
synopsis by the participants and a applied to practice skills including
comprehensive one-hour exam. At communication, building trusting As these financial institutions
develop and implement policies to
the end group presentations were relationships, receiving and giving demonstrate their strong commit-
also delivered by participants on constructive feedback and solving ment to the inclusion of PWDs as
the last day and adjudicated by an complex problems. The program customers and employees, capacity
expert panel. also includes outbound training
components to enhance leadership building is required across all levels
This two-week residential program was and team performance through of the organization. Hence, NIBAF
has been offering trainings in this
conducted from March 6-18, 2023 at experiential learning, outdoor
adventures and group activities. sensitive areas for the industry and