Page 31 - NIBAF-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

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
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
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 at
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.
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
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
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
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 t
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 sus
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 organiza
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 stereotyp
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
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
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
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
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 organize
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 behaviora
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
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
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.
One-day training on Workplace topics. The training also encom- NIBAF Incubation Talk 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
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 T
Muhammad Ali, external trainer on ments in digital payments especially The 5th NIBAF Incubation Talk 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 des
February 2, 2023. Mr. Ali shared with in the areas of Fintech Facilitation on the topic of “Bitcoin – As a 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 Sc
participants the importance of EMIs, Inward Remittances, CBDC Legal Tender” was conducted 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
organization’s culture assessment, and Open Banking and legal nature by Mr. Faiz Gul Awan, Senior 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 concer
Tao of attitude and behavior, differ- of EMIs worldwide. The training Joint Director, Internal Audit & 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-judgme
ence between compliance based ended with a discussion of Compliance Department, SBP. 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
and ethic based approaches, work- challenges faced in DFS area and a During the session, Mr. Awan 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 grievan
place ethics practices adopted by promising note on the future road- discussed features of a legal 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 incl
world renowned organizations, map. This one-day program was tender, cryptocurrency-global (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
ethical decision making, ethical attended by participants from SBP, surge and use cases, issues & 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 w
principles, limitations and reviving SBP BSC and Commercial Banks. concerns of stakeholders -gov- 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
work ethics etc. The program was ernments, regulators and 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
attended by 15 participants from ordinary people. He further 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 professiona
SBP and SBPBSC. discussed the issues associated 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 impo
with Bitcoin/cryptocurrency 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
Understanding Building Blocks of and shed light on the other side 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
Digital Financial Services(DFS) where cryptocurrency can help 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 enc
as a legal tender. The one-hour 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 concern
As financial institutions observe talk was attended by 36 partici- banking supervisor with the Office during which key takeaways from minutes of the meeting, etc. Prac- Prize Bond, National Saving towards the opposite gender
remarkable growth and wide pants from SBP and SBP BSC. 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
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 th
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
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 understan
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. S
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
an introductory course to enable ing their knowledge and guidance. al with 20 years of experience in the banking sector. personal attitudes, beli
users the spectrum of Digital Finan- They acknowledged significant “Change”, adaptive or transforma- fields of Enterprise Risk Manage- respect of the social const
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 d
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 stere
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 gen
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 enab
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
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 discrimina
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 i
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 deco
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 t
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 incl
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.
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
2020, regulatory interventions imparting training and providing adapt to transition in the organiza- surement and quantification tech- financial risk, international practic- NIBAF-Karachi conducte
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 o
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
31 Training Matters | January-June 2023