Page 26 - NIBAF-Training Matters January - June 2023
P. 26
Anti-Money Laundering
Transaction Management
Systems Tuning
Financial institutions around the
globe are increasingly relying on
automated technology to detect
unusual or suspicious activity.
Transaction Monitoring Systems
(TMS) use Artificial Intelligence to
sift through transactions and iden-
tify any deviations from expected or
usual trend. In order to deploy an
effective TMS, institutions must
implement a process of regular
reviews and re-tuning of the TMS to
enhance detection of suspicious
activity and to reduce the number
of low value alerts. TMS combines
statistical analysis with the knowl-
Business Intelligence(BI) T
edge of how money is laundered
monitoring and modern analytics
in
Financial Industry
the
with some judgement to build
techniques
employed
detection scenarios tailored to the
process.
Business Intelligence Too
institution's AML risk profile; and
Data Analytics for Trade Based
the Transaction Tuning Systems
financial institutions a dee
strive to optimize these rules and
understanding to optimize b
Money Laundering (TBML)
scenarios to better identify suspi-
decisions and hence play a
in the strategic planning p
TBML is one of the hardest areas to
cious activity and to rationalize
positive alerts and hence reduce
Within the financial sector,
monitor for illicit activity given the
complexity and scale of the transac-
are many use cases for BI t
workload of the team allowing
them to focus on meaningful alerts,
help financial institutions
tions. However, the ever-growing
amount of data that the financial
risk, leverage customer ins
to improve program performance.
improved marketing and cust
institutions possess can empower
In view of the significance of the
retention, gain visibility
institutions to consistently and
topic for banks, NIBAF organized a
business operations to impr
effectively detect criminality with
the help of analytical capabilities.
two hours online session on in the
ational efficiencies and pro
areas on February 13, 2023. Mr.
In order to build capacity
Assad Farman Ali who is currently
In order to support financial sector
in the area, NIBAF-Islamaba
professionals, build the necessary
working as core member of FMU’s
capability, an online session in the
a webinar on the topic on M
goAML
and
Division
Analysis
2023. The training focused
Reporting Implementation Project
area was held on March 17, 2023.
Task Force, conducted the session
duction of business intelli
Team from HBL including Mr. Usman
Ali Khan, Head CFT, and Mr. Jawad
tools, significance of BI
and discussed TMS as the first line
of defense against Anti Money
banking and financial indust
Ahmed Khan, Manager CFT and
future outlook of data scie
Analytics delivered the program.
Laundering and Countering Finan-
cial Terrorism, its built-in capabili-
its applications in banking
The speakers discussed the key
ties to identify and report suspi-
Mr. Shan Hasan, Head Busine
concepts of TBML, its typologies,
red flags and counter-measures.
cious transactions and need the
Intelligence, UBL delivere
session and imparted conc
need for innovation and improve-
business intelligence and t
ment in these systems to enhance
They further discussed techniques
for examining trade transactions
transaction monitoring and report-
cases in bank operations. S
ing. He further discussed intuitive
data, types of analytics applied for
participants from various c
cial banks and other financi
fraud and TBML detection, use cases
scenarios and strategies to reduce
institutions participated i
for over/under invoicing, multiple-in-
false positives, identification of
program.
relevant alerts and effective moni-
voicing, over/under-shipment by
toring of suspicious transactions,
importers & exporters, customer
risk profiling & screening measures
various issues faced in reporting
using data analytics. Thirty partici-
and analysis of suspicious transac-
effectively
pants from various commercial
Farman
tions.
Mr.
banks and SBP BSC offices partici-
responded to participants queries
on further improvement of TMS
pated in the program.
guided practice. The teamwo
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 training, which is mandator
attended by all officers, is
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- honing the work style of in
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 through effective deploym
team environment in the tra
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 where they are made to try
training
customized
three
in
taskforce
pants including many senior execu-
involved
ous learning environment and be significant. Program (BMCP) A shorter version of the BMCP was after-class films in training rooms, inducted employees Management June 02, 2023 at NIBAF Islamabad tives from BOP attended the risk-based screening and analysis of programs for M/S. Pakistan Curren- a common task to practice v
instructs banks to implement a customized for the branch managers participating in competitive indoor Trainee Officers (MTOs) of Pak China team building skills includ
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). where, Managing Director NIBAF, program and appreciated the STRs and disseminating financial cy Exchange and M/S. Rajgan munication and coordinatin
Mr. Riaz Nazarali Chunara, Director
Exchange-B. The programs for
expertise and skill of the trainer in
intelligence to various law enforce-
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 each other while working, d
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, team’s mission and key mile
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 participated. Mr. Jiang Ketao start- while that for Rajgan Exchange was Data Visualization conducted this program on Janu- establishing and prioritizi
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 Customized Programs with Python ary 12, 2023. This program was an goals etc.
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 ed off by congratulating all the for Exchange Companies The trainer discussed various issues held at NIBAF Islamabad. An experi- introductory course developed to
young officers on their successful
enced panel of trainers including
faced by exchange companies in
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- Data visualization is becoming an help new users understand python Multiple iterations of
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- essential skill in many industries libraries for data visualization and to designed training p
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- comprehensive capacity building STR Filing on goAML and a detailed discussion mood-Joint Director-BSD-SBP and and this is specially so for the finan- equip them with tools to present conducted at NIBAF-Kara
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 cial sector where digital transfor- data in an easy to understand participants from SBP. NIBA
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 program for MTOs. In the end, Man- NIBAF has been regularly engaging on documentation required from Syed Hassan Raza-Ex Assistant mation and customer expectations visualization with correct labels designed this program in c
invited
to
aging Director NIBAF, Mr. Riaz
were
Director-SBP
walk in customers and expectations
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 are causing immense pressure to with readable values for quick tion with M/s Cube Consulti
including SBP, FMU, NAB and FBR tion in the market place and professional and soft skills to enable ceremony and lauded the batch for assess the skill gap of their employ- from various exchange companies trainers have several years of experi- innovate and revamp products/pro- decision making. The program also incorporating various fu
Over the last six months, NIBAF has developed a comprehensive achieve profitable growth. This the incumbents prepare for their commitment towards learn- ees and develop suitable training participated in the session and the ence in on-site examination of cesses while regulatory compliance focused on the use of matplotlib to exercises and engaging
engaged with HBL, Bank AL Habib body of knowledge on regulatory expansion in the role and expecta- challenges at workplace. has increased requirements for create different charts and building to reinforce the basic
and the Bank of Punjab to develop compliance that focuses on today’s tion from Branch Managers neces- ing and wished them to well for programs to support them in devel- trainer discussed their queries and exchange companies and their vigilance and control. a basic understanding of Applica- of the officers. All the exp
off-site policy making and compli-
issues in the area.
their career aspirations. The train-
oping required expertise in the area
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 tion Programming Interface to use games and debriefs include
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 Mastering the data visualization Python libraries for assignments training are built around c
campuses as well as the respective through rich discussions with program that balances the required to interact with seasoned subject management of NIBAF. and related reporting. After AML/CFT and queries of participants from tools enables professionals to derive and various data-driven roles and values of Trust, Team
banks’ training academies under seasoned experts and practitioners technical skills with soft skills. matter experts from central banks, actionable insights from large and practice session on calling multiple Cross Functional Fluid
the guidance of Mr. Shahid Iqbal, in the field with frequent references commercial banks and other Awareness & Sensitization detailed discussions and need Exchange companies have shown both the exchange companies. A complex datasets for support in risk Python libraries to creating multiple ing Result Orient
total of 74 officials attended the
analysis from different exchange
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 reporting & analytics, customer plots. Almost 20 participants from through Collaboration, Op
of compliance failures and associated with Bank AL Habib, designed the ence covered different topics rang- Inclusion of Persons with session on ‘Filing of STRs with FMU’ ment and NIBAF has been coordi- areas of Regulatory Compliance relationship management, fraud SBP and Commercial Banks attended Transparent Communication,
Brief overview of the programs is as liabilities faced by FIs as well as cases Branch Manager Certification Program ing from Pakistan economy, finan- Disabilities (PWDs) was conducted on February 16, nating with them to assess their and AML-CFT. analytics, audit analytics etc. In the program appreciating the ing others and growing thro
below: leading to complex investigations (BMCP) to impart the essential cial sector overview, central bank- order to support bankers, develop content and expertise of the trainer. feedback. These program
and regulatory/criminal penalties. business acumen and competencies ing & monetary policy, financial Persons with Disabilities generally 2023. The session was facilitated by specific training requirements and data visualization skills that range conducted by Mr. Uzair Ausa
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 from visualizing historical trends to Team Building – Wining it together a certified Trainer, Fa
Program NIBAF conducted three one-day to effectively serve the evolving operations, security documenta- accessing financial services due to real-time analysis of complex trans- erator & NLP Coach from the
programs for 135 officers of HBL customer needs through the branch tion, aml and prudential regula- actions and large volumes of data, Fostering a teamwork culture has of Leadership, British Cou
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 NIBAF-Karachi developed a new been a top priority at SBP to the and American Board of Neur
to manage making compliance their training academy located in participant with the tools to (PMP) have been conducted in NIBAF control functions of banks. perceived inability of handling course on data visualization tech- extent that it is embedded into the guistics Programming and
banking
different
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- niques using the most popular work culture as a “core organiza- fied Human Resource Practiti
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 Python visualization tools. Ms. Farah tional value”. NIBAF regularly offers from the Universit
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- easy and convenient for them Mehboob, CEO, Valider (Pvt) Ltd team building trainings to help Canada. Mr. Uzair conducte
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 who has extensive experience in officers eliminate dysfunctionality lent sessions with innova
program are even more and Anti-Terrorism Act, Sanction indicators to maximize branch good and an average manager. The skills including communication, through supportive physical infra- training professionals on Data from disconnect, break down silos ties to help participants
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 visualization, Python, Artificial Intel- within the team and promote with each other in challeng
frontline staff for a competitive and en participants on leadership styles, sensitization to workplace harass- supportive staff interactions. In ligence and Dashboard creation collaborative working through office scenarios to bui
sustainable advantage. build people management practic- ment sessions were also included in close-knitted team that
es to enable managers productively the training program. Key speakers view of the provincial and federal maximum productivity and a
Besides the presentations and interact and lead the teams to laws which prescribe a minimum work environment for all, w
percentage
be
of
PWDs
to
discussions with industry experts, achieve the desired performance employed in institutions, SBP has sensitizing participants to
the program also features outbound benchmarks, and to enable current issued a framework to make finan- being conscious about the i
team building activities to help and aspiring leaders improve work- cial services accessible to PWDs tions of their attitude and
participants apply their strategic place communication to build trusting at the workplace.
planning skills as part of a team. The relationships with the fellow and is actively involved in monitor-
ing its proper implementation in
training program also includes daily colleagues. Activity-based demon- financial institutions. Mid-Career Management
quizzes and previous-day group strations and practical tools are Development Program
synopsis by the participants and a applied to practice skills including As these financial institutions (MMDP) – Batch 2
comprehensive one-hour exam. At communication, building trusting
the end group presentations were relationships, receiving and giving develop and implement policies to The second batch of MMDP
demonstrate their strong commit-
also delivered by participants on constructive feedback and solving ment to the inclusion of PWDs as conducted from January 23 t
the last day and adjudicated by an complex problems. The program customers and employees, capacity February 9, 2023 by NIBAF f
expert panel. also includes outbound training officers who are eligible fo
components to enhance leadership building is required across all levels tion in the next higher gra
This two-week residential program was and team performance through of the organization. Hence, NIBAF program has been designed i
has been offering trainings in this
conducted from March 6-18, 2023 at experiential learning, outdoor order to provide overview o
adventures and group activities. sensitive areas for the industry and
26 Training Matters | January-June 2023
Workplace Ethics stages of RBS framework. Ms. Lay Business Writing and focuses on recognizing and under- 2023. The training was conducted Risk Management model under COSO framework initiatives taken by SBP to promote Khurram Aleem Khan from M/s. SBP BSC against fraudulent activi- program focused on promoti
Geok Yeo is an expert on digital Reporting Skills standing the need for change and by M/s. NDCTech who is an award- which has been adopted by SBP Environmental & Social Risk Man- Schuitema conducted the sessions ties and to enable them to effective- healthy eating habits.
Public perception is grounded in banking supervision, and technolo- raising awareness on the challenges winning partner of Temenos, work- The “Risk culture” has come to be and SBP BSC as per the Board agement. Almost 26 officers from and discussed concepts of gender ly protect their operations, guided participants on nutr
the way an organization operates gy expert. She has accumulated 20 Effective communication is inevita- with the status quo to contain ing with 100+ banks globally, and embodied as an important element approved ERM framework and SBP and commercial banks attend- sensitivity, unconscious gender bias safeguard customer assets, and cused practices and sustai
and deals with its internal and years of experience in regulatory ble in all walks of life with clear and employee discomfort and resis- offering innovative solutions to of contemporary organizations experiences regarding the ERM ed the training. and discrimination to improve the maintain trust in the financial diets necessary for both me
external stakeholders making it compliance in banking, payment concise writing ability an important tance to change. strengthen their banking capabili- from varied areas acknowledging it implementation journey at SBP organizational performance and system. The training sessions were physical well-being. Part
imperative for organizations that systems, and financial advisory asset in business communication; a ties for the last twenty-two years. as as an object of focus, discussion and SBP BSC. This training was Gender Sensitization culture, sources of biases, fears and facilitated by Mr. Asif Mumtaz, Addi- assessed their cu
carry national significance to model areas, with 15 years based on her well-written note can lead to The program was conducted on The core topics covered during the and in spirit implementation. As attended by 31 officials from SBP biases towards the opposite gender tional Director-IAD, SBP BSC. routines and habits, and un
ethical behavior in all its dealings. various roles in MAS. The first two informed decision while ambigu- March 6, 2023 at NIBAF-Karachi for training included Core-Financial Account- central banks have particular func- BSC. SBP is fully cognizant of the impor- and its root causes, processes in the During the training program, Mr. trainer's supervision,
Un-reprimanded unethical behav- days of the session were dedicated ous or unclear communication can the participants of SBP BSC by Mr. ing Implementation, Accounting tions that set their risk manage- tance of developing and sustaining workplace where gender bias Asif provided comprehensive diet plans and formulated g
ior can destroy the moral fabric of to discussions on the key challeng- confuse, misinform and mislead the Javaid Ahmed Bhatti, Director, setup of Securities application and ment systems apart from other Green Banking an egalitarian organizational occurs, national and international insights into the various elements self-improvement. The pr
an organization, leading to lower es faced during the transition to a management’s decision and also Currency Management Depart- Core-Financial Reporting Imple- organizations, NIBAF-Karachi devel- culture free from stereotypes and data on representation of women in of fraud, characteristics of fraud- also delved into enhanci
productivity, diminished employee risk-based supervisory approach. damage the organizational repute. ment and attended by 18 officers mentation. Mr. Mohsin Raza and Mr. oped a training exclusively for SBP SBP issued the Green Banking any form of discrimination which corporate sector and leadership sters, the fraud triangle concept, quality and establishing
loyalty and comprised reputation The RBS project team presented SBP, being a regulatory body, has a from different offices of SBP BSC. Abdul Samad from NDCTech have BSC officers that focused on core Guidelines to acknowledge respon- may hamper employee success and positions, significance of gender and engaged participants in sleep habits, effective met
for an organization. the key areas where challenges distinct style of communication This workshop comprised of covered these topics using different areas of operations and key risks in sibility of the financial sector and productivity in the workplace. In balance in the society and work- discussions around different fraud improve their sleeping pa
were encountered and how they both within the organization and its pre-reading materials, personality use cases and responded the queries the BSC operations. Since today’s guide the institutions in supporting this endeavor, various sensitization place, and exploring practical steps related scenarios. The training the importance of quality
Hence, NIBAF, through its trainings were addressed. TC experts shared external stakeholders. Therefore, in assessments, individual and group of participants during the sessions. dynamic business environment policy initiatives for transforming a trainings are organized for employ- to reduce gender bias . The trainers sessions were conducted on May 15 overall well-being.
continues to reinforce and uphold their views, and participants asked order to maintain standardization exercises for learning and relearn- Overall 20 participants have attended requires that concepts and skills country’s economy towards a low ees to instill behavioral traits that discussed the importance of & 22, 2023 at NIBAF-Karachi with
the minimum standard that questions for clarity on key issues. across the organization, the ing of the art of Change in the the training from Finance, IT, continue to be updated, this course carbon and climate resilient econo- support development of an empa- gender sensitivity trainings as an participation of 36 officers. The third and final part of
employees must observe to govern Central Bank Digital Currency (CBDC) Risk Based Supervision – 7th Movenpick Hotel in Karachi. The Additionally, the TC experts shared uniform communication style is personal and professional lives. In Treasury Operations, International has been developed to help partici- my. Green Banking envisions incul- thetic and frictionless work effective deterrent against sexual program emphasized on part
themselves within the workplace. and Open Banking and many other Capacity Building Session week-long session was conducted their opinions on some output docu- being followed by SBP and its this context, participants were Markets & Investments, Internal pants’ brush-up their risk manage- cation of environmental conscious- environment. harassment as it helps participants Employee Wellness pants' physical health incl
One-day training on Workplace topics. The training also encom- by TC experts, including Mr. Anatol ments including on-site assessment subsidiaries. With a view to equip asked to complete online IPIP-120 Audit & Compliance and other ment skills to help them navigate ness as part of organizational understand the grey areas of work- bodyweight exercises,
Ethics was conducted by Mr. Sohail passed discussion on global develop- SBP implemented the "Risk Based Monid– Program Director, Mr. Chris reports, off-site monitoring reports, and make the SBP BSC officers Personality Test developed by Lewis relevant departments of SBP. the evolving work environment and culture and reorientation of bank- The Gender Sensitization Training place interaction which can be NIBAF-KHI organized a one-day posture, e
Muhammad Ali, external trainer on ments in digital payments especially Supervision Framework" as part of Cardoza – Program Leader, and Ms. risk assessment documents, and aware of the prescribed formats Goldberg which was followed by work towards meeting business ing products/services and opera- Program at SBP has been designed misconstrued as intentional and newly designed program on workstations, and ergonomic
February 2, 2023. Mr. Ali shared with in the areas of Fintech Facilitation its Strategic Plan. To actualize relat- Lay Geok Yeo- Program Leader. Mr. knowledge of business. The third and communication style, various discussion of individual results. In T24 – BANKING objectives without compromising tions to reduce environmental in coordination with M/s Schuitema inappropriate behavior by the Employee Wellness for the partici- tices for office and
participants the importance of EMIs, Inward Remittances, CBDC ed goals in the area, NIBAF and the Fazal Mahmood, Director-BSD-2, and fourth day were focused on the iterations of the two days training addition to this Mr. Bhatti also risk related protocols. impact of banks and the in a format that encourages partici- opposite gender and inaccurate pants of SBP. The primary objective ments. The trainer demon
organization’s culture assessment, and Open Banking and legal nature Toronto Center (TC) signed a Memo- inaugurated the session and supervision of digital banks, and Ms. program on “Business Writing & discussed in detail the change A one-day specialized training on pants to voice their concerns in a perceptions of gender insensitivity of the program was to equip partici- key physical exerc
Tao of attitude and behavior, differ- of EMIs worldwide. The training randum of Understanding for a welcomed the experts from TC and Lay Geok Yeo led the sessions. Reporting Skills” were conducted at management process, roles of “T24 Banking” was conducted for relaxed and non-judgmental and instances that are concerns of pants with the knowledge and tools cardio fitness, flexibilit
ence between compliance based ended with a discussion of Long Term Country Engagement all the participants. He also thanked Discussions included regulations, NIBAF-Karachi by Mr. Javaid different stakeholders and SBP BSC officers on March 17, 2023 environment and to have an open power dynamics rather than necessary to make informed cular endurance. Moreover,
and ethic based approaches, work- challenges faced in DFS area and a Program to develop and imple- NIBAF for their support throughout licensing, authorization, supervi- Ahmed, Ex-Joint Director-SBP. He challenges faced by any organiza- at NIBAF-Karachi. The program was discussion on their grievances to gender. The trainers also discussed wellness choices aligned with their pants gained hands-on
place ethics practices adopted by promising note on the future road- ment the Risk Based Supervision the seven sessions, considering this sion, and policy issues for digital delivered a comprehensive session tion while implementing change. conducted by Mr. Zeeshan Zafar, develop and support an inclusive what workplace diversity entails long-term fitness goals. The with desk stretches that th
world renowned organizations, map. This one-day program was (RBS) framework which included as a crucial part of SBP’s strategic banks. To develop a clear under- highlighting the challenges for He further briefed the participants Deputy Chief Manager, SBP BSC culture in the organization. This and how to identify and rectify their program emphasized the impor- easily incorporate into the
ethical decision making, ethical attended by participants from SBP, seven capacity building sessions led initiative. Mr. Anatol Monid, the TC standing of the concepts, the TC effective communication, develop- about the business environment of Islamabad and Syed Aamir, Deputy program has been designed with own biases through filters to ensure tance of regular exercise, taking routines to stay focused
principles, limitations and reviving SBP BSC and Commercial Banks. by TC for the SBP officials. From Program Leader, has extensive experts shared different case stud- ing strategy for purposeful business SBPBSC and change management Director, Strategic & Corporate innovative activities that support an environment of inclusion and proper nutrition, and effective strat- getic at work. Towards
work ethics etc. The program was 2018 to 2021, six sessions were experience in conducting supervi- ies, which greatly helped the partic- writing and basic rules to keep in strategy adopted by SBPBSC. Affairs Department, SBP BSC. Since result oriented discussions under diversity. Officers from SBP, PSPC egies for enhancing mental the program, each participa
attended by 15 participants from conducted by TC to facilitate a sion and regulation across many ipants achieve conceptual clarity. mind while writing professionally. Another iteration of this program T24 is widely used as a core banking the guidance of professional corpo- and commercial banks participated well-being. The first iteration of the formulated an individu
SBP and SBPBSC. smooth transition from a compli- regulated sectors. Mr. Chris Cardoza He also covered the types of com- was conducted on March 20, 2023 application across SBP BSC, the rate trainers. Two important in the program appreciating the program took place on May 26, 2023 Plan and established pers
ance-based supervisory approach has been involved with SBP since On the concluding day, Dr. Inayat munication used within SBP and its at NIBAF-Karachi and attended by session was conducted in order to aspects of the program are a focus program content and the trainers with Mr. Tanzeel Raza, a corporate to bring about positive c
Understanding Building Blocks of to a risk-based approach. The RBS the initial stages of the develop- Hussain (DG-Banking & FMRM) and subsidiaries including the official 24 participants (OG-1 to OG-4). provide awareness regarding T24 group session in which both the and further suggested to conduct trainer and fitness expert, as the their daily routines based
Digital Financial Services(DFS) framework was successfully rolled ment of the RBS framework. He has Mr. Arshad Mehmood Bhatti noting, letter, D.O. letter, U.O. Notes, Banking Application and its various genders are divided and encour- these sessions across all levels of facilitator and was attended by 27 learning gained fr
out on July 01, 2021 by SBP. over 28 years of experience as a (ED-BPRG) also joined the session, email, interoffice memorandum, T24 – FINANCE MODULES modules like Banking, National aged to voice their concerns the organization. officers from SBP. The initial part of NIBAF conducted three
As financial institutions observe banking supervisor with the Office during which key takeaways from minutes of the meeting, etc. Prac- Prize Bond, National Saving towards the opposite gender and a the program was focused on of the program over the per
remarkable growth and wide To address challenges and issues of the Superintendent of Financial the session, overall progress of the tice session for drafting the differ- NIBAF has successfully conducted a Schemes and other relevant areas. role-play based ‘Theatre of Intent Fraud Risk Assessment mental health, covering different
acceptance from customers, NIBAF encountered during and after the Institutions (OSFI) Canada and framework and future action plans ent forms of written communica- new training program on T-24 Various issues faced by end users (TOI)’ exercise in which the partici- types of stress and exploring The first iteration of welln
has been offering courses to build transition, the seventh and last played an instrumental role in guid- were discussed. Concluding the tion was also held in the IT Lab Finance Modules comprising almost were also discussed and practical The session was conducted on April economy and the issued guidelines pants perform against a given In the financial sector, fraud risk healthy and effective stress man- took place in May, 2023 w
capacity of digital transformation capacity-building session was held ing the project team during the session, the ED-BPRG and under the guidance of the trainer. six and a half training days delivered system solutions were shared with 4, 2023 by Mr. Mudassir Ahmed, are the first step of the series of SBP script to understand the perspec- assessment plays a critical role due agement techniques and practice received high praise a
teams working in these institutions. from February 6-10, 2023, at the development and implementation DG-Banking & FMRM thanked the in two phases from March 13-22, participants. SJD, Accounts (HOK). Mr. Ahmed is interventions for a sustainable tives of different roles. Such activi- to the ever-evolving threats and of mindfulness as a relaxation tech- from the participants wi
This program has been designed as distinguished TC experts for shar- Change Management a certified CISA and CIA profession- economic environment in the ties help employees examine their reputational risks associated with nique. The second part of the reference to the depth of k
an introductory course to enable ing their knowledge and guidance. al with 20 years of experience in the banking sector. personal attitudes, beliefs in fraudulent activities. Financial
users the spectrum of Digital Finan- They acknowledged significant “Change”, adaptive or transforma- fields of Enterprise Risk Manage- respect of the social construct of institutions must proactively identi-
cial Services and SBP initiatives in progress in the area of Risk-Based tional, is a normal and permanent ment, Internal Audit, Business In order to highlight the impor- gender and enable them to differ- fy, evaluate, and mitigate these
this regard. Mr. Rehman Pervez, Supervision at SBP and stated that element of an evolving organiza- Continuity Planning, and Enterprise tance of climate change and entiate valid and stereotyped fraud risks through regular and
Deputy Director, Payment Systems efforts will continue towards further tion. And since SBP is part of a Risk related consultancy assign- environmental degradation and its assumptions related to gender. The comprehensive fraud risk assess-
Policy & Oversight Department, refinement of the framework. The dynamic financial sector, cultural ments and also has extensive train- impact on the stability of the finan- training further enables the ments. To address this critical need,
SBP with an extensive experience in DG-Banking & FMRM highlighted preparation and conditioning of ing experience in the said areas. cial system, NIBAF-Karachi orga- employees recognize gender roles, two iterations of a one-day training
Digital Finance held a very interac- that in the changing dynamics of employees’ mindset for organic During the training, participants nized a one-day online training on privileges and discrimination within program were organized for SBP
tive session on February 23, 2023. supervision, SBP should also be acceptance of all incoming chang- were briefed about the concepts of Green Banking for SBP officials and genders, rethink their interactions BSC officers, with the primary
He started the discussion with the cognizant of emerging risks such as es, are crucial for frictionless evolu- risk, defining risk from a central commercial bankers. Mr. Zarak from a gender lens and decon- objective of raising awareness
evolution of payments systems and cyber security and climate change. tion within the organization. banking perspective, risk-related Khan, Assistant Director, SH&SFD struct gender stereotypes to build a about the process of identifying,
further shared details regarding the At the end, the DG-Banking & Hence, the change management misconceptions, risks-related conducted the session on April 13, gender sensitive and inclusive work evaluating, and mitigating poten-
building blocks in DFS, Pakistan’s FMRM presented souvenirs to the training is regularly conducted at linkages and trade-offs with 2023 focusing on the nexus environment. tial risks. The training program also
DFS journey from BCO to RAAST in TC experts and thanked them for SBP to help employees smoothly business objectives and risk mea- between climate change risk and aimed to equip participants with
2020, regulatory interventions imparting training and providing adapt to transition in the organiza- surement and quantification tech- financial risk, international practic- NIBAF-Karachi conducted two the necessary knowledge and skills
leading up to the EMI Regulatory guidance to SBP’s officials in bring- tion be it in terms of the organiza- niques. and. The trainer further es and implementation challenges iterations of the program over the to effectively combat fraud and
Framework, innovations such as ing change of supervisory regime. tion goals or processes. The training explained the three lines of defense in the area and overview of other period. Ms. Afia Mansoor and Mr. enhance the overall resilience of
