Page 46 - NIBAF-Training Matters January

Page 46 - NIBAF-Training Matters January - June 2023

P. 46

efﬁcient record-keeping, real-time
tracking of cases and system gen-
from with top-notch practitioners
Digitization of Drawback of Local
statements, borrowing product /
Financial Assets, SBP Instruction on
erated reports. Besides the digitiza-
Taxes and Levies (DLTL) Schemes
in the ﬁeld.
performance matching, banker’s /
business opportunities for ﬁnancial
IFRS-9 implementation, impact of
ﬁrst one-day online session was
tion, SBP has also delegated some
IFRS-9 on Financial Disclosures,
institutions and multiplied transac-
conducted on January 25, 2023
exporter’s responsibilities / incentives,
for Trade Sector, Procedure for
processes to banks including the
on-site veriﬁcation process under
The ninth iteration of the program
for
followed by a one-day F2F program
Lodgment and Effective Use of
implementation
challenges
tional channels for customers, they
sub-allocation of EFS limits which is
on March 21, 2023. Mr. Khurram
have also created lucrative opportu-
part-II and penalties charged / refund
banks and further guidance.
MS Excel
was held at NIBAF-Lahore from
further expected to rationalize the
under part-II. The session was very
Fayyaz, Deputy Director, Banking
nities for sophisticated fraudsters to
February 13-17, 2023. Experts from
Team Work
processing time.
Supervision Department-2, SBP
Participants from relevant depart-
exploit customers or security gaps
interactive with detailed clariﬁcation
Foreign Exchange Operation Units
different organizations including
in the processes; these new set of
SBP, SBP BSC, FATF, FIA, NAB,
delivered
ments of SBP and different com-
on various queries of the partici-
of SBP BSC ofﬁces process exporter
well-structured
a
In order to foster teamwork in the
In order to apprise participants on
mercial banks attended the session
pants on the electronic procedures
claims submitted by Authorized
challenges has led to a drive to scale
NCTA, FBR, FMU and banks were
program sharing key insights of
workplace culture, people, and
key features of the scheme and the
up control mechanisms and mini-
digital frauds in the current scenar-
which aimed to impart basic to
invited to share insights on different
Dealers in respect of subsidy and
was given by the trainer.
processes, ‘Team Work’ has been
capitalize and depend on technolo-
Regulatory perspective
use of digital platform, an online
io to help bankers better under-
mize incidences of fraud.
Duty Drawback Schemes on behalf
intermediate level understanding
areas. Key areas covered included
embedded as a core competency
on Fintech, Regtech and Suptech
session on the topic was conducted
gy-driven solutions. In order to give
Regulatory Framework on
of the new accounting model
regulatory regime & legal require-
of Federal and Provincial Govern-
stand the nature of the digital
required for ofﬁcers working in SBP
an overview of key initiatives in the
on January 18, 2023. Mr. Adeel Khan,

ments as per instructions issued by
ments to meet international stan-
In order to sensitize employees,
crimes and identify ways to prevent
Proceeds Realization Certiﬁcate
under IFRS-9 and the changes
and its subsidiaries. Regular trainings
area, an online session on the topic
The ﬁnancial services sector is
Deputy Chief Manager, SBP BSC
regularly

required to be implemented for
conducts
dards, SBP regulation & compliance
NIBAF
their clients from ﬁnancial losses.
the relevant Ministry/Department.
are conducted in the area to create
Multan conducted the program
was conducted on January 12, 2023
going through signiﬁcant transfor-
Since
When a customer receives funds
process
the
has
compliance. Both the sessions were
been
programs for banks in this area.
The trainer used real-life examples
requirements for ﬁnancial institu-
a workplace built on teamwork to
by Ms. Saima Hameed, Joint Direc-
and discussed EFS schemes in
mation with the application of a
from abroad in his/her account in
Third iteration for the program was
attended by almost 60 participants
tions ,basic concepts and typolo-
and case studies to demonstrate
digitized, an online session covering
enhance employee productivity,
range of new technologies such as
detail particularly focusing on
tor, Exchange Policy Department,
from different ofﬁces of BSC, SBP
gies of money laundering , role of
conducted online on April 12, 2023
digitization of DLTL Schemes for
the importance of a risk-based
PKR, banks issue them a proof of
innovation, and openness. NIBAF-
SBP. The main topics covered
big data, artiﬁcial intelligence,
recent developments like electronic
funds received called Proceeds
by Mr. Khurram Fayyaz. Mr. Fayyaz is
Financial Monitoring Unit (FMU)
approach for managing digital
and banks.
trade sector, procedure for lodg-
Lahore conducted a one-day training
submission & approval of ERF cases
cloud computing, block chain etc.
during the session included Regu-
an Information System & Cyberse-
frauds. Widespread exercises and
and Reporting Requirements , role
Realization Certiﬁcate (PRC). In
ment of claims and effective Use of
on the topic on February 16, 2023
latory Regime on Inward Remit-
and off-site monitoring role of SBP/
Opportunities and risks of new
Advance Professional Certiﬁcate
and investigations by Law Enforce-
curity Risk Specialist with over
order to provide convenience to the
MS Excel was conducted on Febru-
interactive activities further allowed
which was facilitated by Mr. Uzair
entrants, new technologies, and
tances, SBP Initiatives for promot-
SBP BSC after handing over the
ment Agencies, Trade Based
in AML & CFT (APCC- 9)
banking customers, SBP has also
almost 12 years of professional expe-
the participants to apply the theo-
role in catalyzing digital transfor-
ary 21, 2023.
Ausaf. Mr. Uzair is a certiﬁed trainer,
ing Home Remittance, Roshan
ERF operations to banks. He kept
new strategies is leading the ﬁnan-
Home Remittances
digitalized the process of the

ﬁnancial
in
especially
computing technology. Around 20
initiatives. Both the trainers effec-
rience in the ﬁnancial industry. He
ries learned in practical situations.
mation
Money Laundering (TBML), Money
facilitator, Moderator & Neuro-Lin-
cial sector policy makers and regu-
Digital Accounts & its afﬁliated
the participants engaged through-
issuance and veriﬁcation of such
tively handled queries received
Security Measures Training
NIBAF’s ﬁve-day Advance Profes-

for Board Members of Samba
Syed Ali, Assistant Director, Foreign
institutions that process and store
participants from different ofﬁces
The training program highlighted
is currently serving as Deputy
Laundering through correspondent
guistic Programming Coach from
out the session and discussed the
Products, automated issuance &
lators to readjust their approaches.
Certiﬁcate
sional
contribute
from participants which included
Home
remittances
Director,
Exchange Operations Department,
Banking
of SBP, SBP BSC and banks attended
the importance of communication
vast amount of data on a daily basis.
Supervision
in
Course
Bank
banking and the role of National
PRCs. All Authorized Dealers are
the School of Leadership, British
veriﬁcation of Proceeds Realization
underlying processes and bank’s
This reshaping of the regulatory
digital
As
banking
Anti-Money Laundering & Combat-
involves
signiﬁcantly in Pakistan’s economic
between the operational front line
As cloud computing enables banks
the training program.
SBP BSC conducted the session
Counter Terrorism Authority (NCTA)
ofﬁcers from banks and SBP.
Department, SBP and his core
required to issue and verify ePRCs
Council, FnF and American Board of
Certiﬁcates, framework of digital
and compliance landscape is also
role in detail. The main topics
fast-moving voluminous transac-
and
The primary duty of the BoD is to
ing of Terrorist Financing has estab-
expertise includes risk assessment
to access their IT resources over the
starting the discussion with an
staff and risk management teams
the
in combating the ﬁnancing of
activities. Hence, SBP together with
of
PRCs
Statement
Neurolinguistics Programming and
onboarding of merchants and
leading the ﬁnancial institutions to
covered during the session includ-
IFRS 9-Accounting Model For
Risk Based Approach for
terrorism. practical case studies and
internet, it can revolutionize banks
set the tone at the top to instill a
lished itself as comprehensive
of IT infrastructures and cybersecu-
of banks and the need for greater
tions, fraud investigators & analysts
(S-PRCs). Under this automation,
overview of DLTL & Subsidy Schemes
the Government of Pakistan intro-
a certiﬁed Human Resource Practi-
customers, regulatory framework
invest heavily in monitoring and
ed discussion on the importance of
customer will receive an e-PRC
by GoP, claims and process-ﬂows
rity framework of Banks, PSOs/P-
collaboration and more effective
duces various policy initiatives,
evening talks were also held on
Managing Digital Frauds
Financial Instruments
“compliance culture” within the
processes with regards to data
certiﬁcate program for compliance
need the essential skill set to
tioner from the University of
compliance structures that use
of mobile banking account, security
Development Finance & Financial
strategies for addressing increas-
and assessment of claims, use of
different areas including role and
instantaneously as soon as funds
organization. FATF speciﬁcally lays
SPs, EMIs and FinTechs. He has a
from time to time, to increase the
management and storage. Given
employ the right tools and appro-
professionals in the local ﬁnancial
Concordia, Canada. With the help of
of digital payments and way
technology to satisfy regulatory and
Inclusion, speciﬁc tools used for
the sensitivity of their data, banks
FATF
secretariat
An effective fraud risk manage-
Regulatory Approval System (RAS)
functions
of
industry. This program has been
priately implement the investiga-
ingly complex digital frauds to
are credited in the account. Further,
down this responsibility as their
strong knowledge of regulatory
SBP has issued detailed guidelines
ﬂow of home remittances through
engaging activities and group
promotion of different segments
forward for innovative banking
compliance requirements.
must also be fully aware of the Cloud
tive plan. The team must also be
banks will also issue a S-PRC to their
formal channels and encourages
designed by NIBAF in close consul-
Portal, usage of Pakistan Customs’
ﬁduciary responsibility stating “to
ment creates an enterprise-wide
pakistan, SBP stance on digital
reduce risks for the banks. Around
instructions and industry wide
to banks on implementation of
exercises, the trainer explained the
under the Development Finance
products. Sixteen participants from
currencies and ML/TF risks associat-
International Financial Reporting
banks and exchange companies to
tation with market practitioners
customers mentioning all remit-
ensure that there is a robust com-
skilled in research practices to
80 participants from SBP, banks,
Security and Privacy concerns and
trends in the area. Mr. Fayyaz deliv-
data, issues in processing of claims
view to keep organization’s fraud
values of Trust, Team Bonding,
In order to give an overview of
spectrum, core indicators of Finan-
SBP and foreign exchange ofﬁcers
ered a well-structured session
collect
required
home
Standard 9 (IFRS-9) and ﬁnancial
and FinTechs attended the two
remittances
stakeholders
tances received by them from
all
relevant
pliance program in place”. This
intelligence,
mobilize
and
ed risks with crypto currencies.
risk within tolerance limits by incor-
their proper mitigation.
and discrepancies in data and
Cross Functional Fluidity, Result
cial Inclusion and role of Export
from different ﬁnancial institutions
FinTechs and its application in the
through quality banking services
abroad during the year.
including experts from SBP, SBP
obligation necessarily entails that
documentation and effective use of
covering topics in a simpliﬁed
iterations conducted over the period.
reporting formats with tiered dates
porating risk awareness, account-
perform transaction analysis and
winning
Orientation,
through
Finance Schemes , speciﬁc objec-
attended the session.
local and ﬁnancial sector an online
manner for ease of understanding
Participants were rigorously evalu-
ability, and transparency in all
report/respond depending on the
the Board members must have a
Excel tools and templates. It was a
In order to develop an understand-
for implementation deadlines to
and marketing efforts.
BSC, FATF, FIA, NAB, FBR and FMU.
Collaboration, value of Open &
session on the topic was conducted
tive and scope of the EFS scheme,
of
type of frauds perpetrated.
of all the participants. He provided
understanding
processes, implementing proactive
ing of cloud computing, its applica-
very interactive session with many
Regulatory Perspective on Digital
ated throughout the session using
facilitate the industry but has also
This course offers a unique combi-
On the suggestion of the Pakistan
fundamental
Transparent Communication, help-
Digitization of Export Reﬁnance
on January 10, 2023 by Mr. Shoukat
digitization of EFS Scheme, central-
Banking Fraud
key insights into digital frauds tools
AML & Compliance Framework in
host of methods during various
Banks' Association(PBA), a half-day
In order to build awareness and
encouraged early adoption of the
controls to prevent frauds at the
queries from the participants which
nation of topics that builds on theo-
tion in the banking sector and data
ing others and improving oneself
Schemes & their Operations
Additional
Director,
ization and E-Submission of EFS
Bizinjo,
online session on the topic was
Mr. Ali addresses in detail. The session
capacity of remittance ofﬁcers
outset while also putting in place
security concerns, an online train-
standards.
retical and practical skills of partici-
order to effectively exercise their
In order to train banking profession-
employed by fraudsters, nature of
activities and daily quizzes to
Around
through
feedback.
cases,
Payment Systems Policy & Over-
delegated
&
functions
ing program on Cloud Computing
working in banks and exchange
oversight responsibilities and be
was attended by participants from
als in the best practices for
arranged on January 19, 2023 to
While the digital methods are
these crimes and how to prevent
ensure thorough understanding of
pants enabling them to comply
dynamic detection and control
participants from ofﬁces of BSC
sight Department and Mr. Rajeev
processes of EFS, roles & responsi-
As a major step towards ease of
different ofﬁces of SBP BSC.
conducting dedicated fraud inves-
reinventing the payments ecosys-
companies, a one-day online train-
them. The key topics covered
conﬁdent as to the adequacy of the
and its role in Driving Digital Inno-
In order to support bankers transi-
systems to swiftly mitigate organi-
with applicable legal & regulatory
develop understanding of relevant
topic covered and certiﬁcates were
attended this training program.
Gulrajani, Deputy Director, Digital
doing business, SBP has digitized
bilities of stakeholders after digiti-
tem in the country, they are also
during the session included an
AML/CFT risk control framework in
zational repercussions from fraud
vation was conducted on February
tion to the new standards, signiﬁ-
awarded to successful candidates
ofﬁcers in the area and to address
tigations, a two-day F2F program
frameworks and adopt best practic-
ing program was conducted on the
the process of obtaining reﬁnance
Innovation
zation of schemes, Export Finance
and
Settlements
Cloud Computing and its role in
13 participants from ofﬁces of
incidents.
topic on January 20, 2023. Team of
cant capacity building is required
22, 2023. Mr. Hassan Azwar, Cyber
es in the context of the ﬁnancial
after a comprehensive exam. Partic-
opening opportunities for fraud-
their speciﬁc queries. The session
overview of regulatory perspective
their organizations.
Software
on Digital Fraud Investigation and
Banking Operations
Scheme- Part I & Part II, limit alloca-
Department, SBP. The main topics
from SBP by banks under the
was
trainers from Exchange Policy
on digital banking frauds, SBP
services industry. Evening talks on
Security Measures was held on June
by
ipants from different ofﬁces of SBP
sters, who are increasingly develop-
given the data challenges as well
Saima
Ms.
Driving Digital Innovation
delivered
Security Expert at NACTA who has
SBP BSC attended this training
tion under Part II, process of entitle-
covered during the session includ-
Export Finance Scheme (EFS). The
In order to highlight key risks and
ing sophisticated methods for
also been a part of digital ﬁnancial
lack of required capacity in the area.
Recognizing this need, a special-
instructions and interpretation with
Hameed, Joint Director, Exchange
5-6, 2023 by Mr. Khurram Fayyaz,
BSC and banks attended this train-
important topical areas in AML and

Department including Mr. Rashid
SBP BSC utilizes a range of
program.
SBP BSC is entrusted with provid-
ment under Part II, documents
digitization is expected to reduce
ed FinTechs and disruptions, back-
Policy Department, SBP. The main
Cloud computing is a powerful
defrauding
ized program in the area was devel-
Mehmood, Senior Joint Director &
CFT further offer an opportunity for
ing program.
Deputy Director, Banking Supervi-
preventive strategies in the area,
banks
Consequently, NIBAF continues to
and
respect to the measures to enhance
services team at SBP conducted
their
top-notch Enterprise Management
ing banking services to the Federal
ground
the turn-around time of processing
required for reﬁnance loan under
and
categorization,
regularly offer trainings on the
different iterations on the topic,
technology that can play a critical
oped and conducted for BoD of
security of digital banking products
participants to interact and learn
Ms. Paras Shah, Deputy Director
sion Department. Mr. Khurram
customers
and Banking softwares to stream-
A training program on Oracle
topics covered during the session
new
presenting
the program. Since this was a new
and Provincial Government and
FinTechs in Pakistan & Global
the claims and also facilitate
Part-II, discussion on EE-1/EF-1
delivered
challenges in fraud mitigation.
a
well-structured
delivered a comprehensive session
ERP - Financial Track (GL,FA,AP,CMM)
& technical topic, the trainer started
both online and F2F, have been
Samba bank on June 19, 2023. This
topic. Two online iterations of the
line operations and automate
included introduction to PRCs,
and services, fraud risk manage-
banks through its ﬁeld ofﬁces
context, RegTechs & SupTechs, over-
training program was arranged
program in a manner that was
ment instructions issued by SBP,
discussing deﬁnition and scope of
background and rationale for digiti-
program were conducted in Febru-
from foundation level concepts and
was conducted on February 27,
manual processes. Over the period,
across the country. The Banking
view of international regulatory
zation, regulatory instructions for
slowly progressed towards an inter-
engaging and easy to follow even
online on 19 June, and conducted
fraud reporting mechanism and
ary-2023 and June-2023 by Mr.
home remittances, signiﬁcance for
NIBAF-Lahore
three
conducted
2023. Mr. Amjad Masood, Joint
department/units established in
cooperation initiatives and SBP
analysis of fraud incidents. The
issuance and veriﬁcation of PRCs
developing economies and Paki-
for those who are not specialized in
by Mr. Afzaal Khattak, Additional
mediate level discussion on key
Fahad Bin Ammad, Joint Director,
Director, NIBAF conducted this
different trainings for hands-on

the ofﬁces are responsible for these
initiatives regarding RegTechs &
trainer
practice on several modules used
Policy
Banking

BPRD.
training program. Around 18
&
Mr.
Khattak
stan, overview of domestic home
Director,
practical
adopted
a
Regulations
fraud detection and prevention. He
areas. He explained cloud-based
and S-PRCs, eligibility criteria for
services. A training program on
SupTechs. Around 26 participants
by teams working in different
provided key insights into digital
approach to deliver contents of the
deigned a suitable program and
remittances infrastructure, system
trainer
innovation strategies and platforms,
participants from different

Department,
The
SBP.
customers, standard format, proce-
Banking Operations was conduct-
from different banks and ofﬁces of
cloud-native applications and micro
training sharing his own experienc-
stakeholders,
discussed the topic building upon
frauds investigation techniques,
dure for automated issuance and
constituents
covered the topic comprehensively
and
ofﬁces of SBP BSC attended

departments of the BSC as per
ed at NIBAF Lahore February 17,
SBP BSC attended the program.
foundation level concepts to facili-
es, asked for participant’s feedback
fraud analysis, fraud reporting and
home remittances of Pakistan in
veriﬁcation, steps to avoid misuse of
service and their use in creating
as per the requirements of the

this training program.
below details:
2023 in F2F mode. Syed Samar
and
more agile and responsive systems,
S-PRC,
senior members while also address-
on their respective bank’s risk man-
tate the participants and help them
global and regional perspective,
e-PRC
necessary controls. Overall, the
violations
Hussain, Joint Director, Accounts
Let's Be Compliant with SBP
challenges and opportunities for
ing their queries in detail. Overall,
session remained very successful
agement strategies and controls
•
develop better understanding to
•
use of Artiﬁcial Intelligence and
A training program on T-24
observed across banking industry
A training program on T-24
Department, SBP BSC conducted
Digital Drive on FX Front
support successful implementa-
and preventive measures to avoid
Currency was conducted on
and further discussed ﬁnancial
program was highly appreciated by
Machine Learning at scale with

and participants requested for
recipient country/remitters/beneﬁ-
Banking was conducted on

the program and discussed govern-
tion. He discussed the reasons for
more iteration of the same program
cloud computing and innovative
fraud experiences of local banks.
penalization. Ms. Saima handled
ciaries, innovation and digitalization
the L&D department and the Senior
March 10, 2023 by Mr. Zain ul

February 24, 2023 in face to face
account
and
collection
ment
The ongoing digitization in the
Management of Samba Bank.
Overall, session remained very
drive for promotion of home remit-
applications in different industries,
in future. Around 32 participants
replacement of IAS-39, changes in
the queries very effectively and kept
Abideen, Senior Deputy Currency

mode. Mr. Zeeshan Zafar,
processes, current and subsidiary
banking sector is being witnessed
the classiﬁcation and measure-
tances, role of the Government,
participants
successful
the participants engaged through-
and
securing data in the cloud and
from banks and SBP BSC attended
Deputy Chief Manager (Banking),
Ofﬁcer, SBP BSC, Karachi ofﬁce.

general ledger accounts, handling
in all aspects of banking operations
SBP BSC, Islamabad & Syed
Around 11 participants from
requested for more iteration of the

out the session. Participants also
SBP, PRI and ﬁnancial institutions
the program.
implications of cloud-based innovation

ment of ﬁnancial instruments
payments, clearing and settle-
including the foreign exchange

expressed keen interest in the train-
Aamer, Deputy Director, Strategic
under IFRS-9 and comparison with
ofﬁces of BSC attended this
on data privacy and governance. Mr.
in facilitating remittances, incentive
program in future. Around 18 partic-
ments etc. Around 15 participants
operations.
Policy
Exchange
ipants from different ofﬁces of SBP
ing and sought clarity on practical
Hassan also facilitated online group
Schemes for remitters and beneﬁ-
Basel III- Regulatory treatment of
training program.
& Corporate Affairs Department,

from different ofﬁces of BSC
Department, SBP has launched
activities with the help of break out
BSC and commercial banks attend-
issues experienced in the area.
accounting provisions, elements of
ciaries, impact of measures taken to

SBP BSC, Karachi ofﬁce
attended this training program.
many projects and products that
promote remittances and new
rooms and discussed use cases of
the IFRS 9 Impairment Model for
ed the program.
NIBAF Quetta companies successfully utilizing cloud conducted by NIBAF-Lahore. The While digitization has created Digital Fraud Investigation and Customized Program on AML/CFT Trainings for SBP BSC 17 Trainings on Banking & Business • conducted the program. Around
for innovations & creative ideation, Awareness Sessions
and looming deadlines from for Universities in
high-stake projects. All these Navigating the
factors underscore the importance Balochistan
of building a resilient workforce SBP EasyData Portal
that allows people to perform at Sessions on “Navigating the SBP
their best and proactively respond SBP has recently launched the EasyData Portal” for Universities
EasyData portal which provides a
rather than react when faced with user friendly interface to the reposi- of Balochistan
emotional triggers. Hence, the ability
to utilize emotional intelligence in tory of ofﬁcial data pertaining to Three sessions on “Navigating the
the workplace is widely recognized External, Monetary, Financial and SBP EasyData Portal” were
as a valuable skill by employers. This Real Sectors. The portal further conducted by NIBAF - Quetta in
allows users to create customized
capacity to recognize and effective- dashboards and personalized data March-2023 for academia and SBP
ly manage emotions of oneself and Ofﬁcers. Students and Faculty
the others is a trait that is increas- baskets for variables of interest. Members from University of Gwadar,
Mr. Javaid Ahmad, Ex Joint Director, importance of dashboard reporting ingly being considered as import- Besides the data from SBP, the University of Turbat, Balochistan human existence cannot be Monetary Policy Formulation process
SBP conducted the session from and visualization in presenting data ant as the intellectual ability in portal also hosts data sourced from University of Information Technolo- over-emphasized. SBP, being a at SBP, economic drivers for recent
Pakistan
of
Ministry
Finance,
March 13-14, 2023 and discussed the insights. The trainer’s presentation organizational workforce for its role their emotional triggers to develop emerging technologies, and digital FinTech gy, Engineering and Management premier institution in the ﬁnancial decisions, inﬂation targeting and
Change Management kept the participants engaged importance of revamped uniform skills and ability to articulate com- in enhancing workplace relation- strategies for responding to ﬁnancial services. His work has Bureau of Statistics, Provincial Sciences(BUITEMS)-Quetta, University sector, has a competent team of transmission mechanism and channels.
Three iterations of the Change Man- through interesting discussions version of Business Writing & plex concepts in easy-to-under- ships, managing stress, and career challenging situations. The trainer included developing and imple- The FinTech industry is growing bureau of Statistics of Punjab & College of Zhob, NUML-Quetta and Research Analysts who can guide He further discussed various ques-
All organizations face changes in agement program were conducted and examples of major enterprise Reporting at SBP and SBP BSC. The stand manner made the program progression. created a supportive and encourag- menting cybersecurity measures rapidly as the ﬁnancial transactions Sindh, Pakistan Stock Exchange, Alhamd Islamic University- Quetta academic research towards the tions from the audience including
their business environment push- at NIBAF Lahore over the period. Mr. wide changes over the history of trainer focused on different areas engaging and interactive for the ing learning experience allowing for the nation's ﬁrst Instant increasingly rely on customer Pakistan Automotive Manufactur- attended these sessions. Ms. Mahwish most signiﬁcant topics in the ﬁnan- impact of global variables, inter-link-
Pakistan
All
ers
Association,
ing them to adopt new and better Javaid Ahmad Bhatti, Director, SBP BSC and its beneﬁts for the including effective business writing participants. With multiple In order to develop EI skills of participants to candidly share their Payment System-RAAST which is service innovations spurred by Shozab, Deputy Director, Data cial sector as well as facilitate learn- ages between macro variables and
ways of doing things. SBP manage- Currency Management Depart- employees as well as the organiza- principles for different forms on hands-on practice sessions and employees and support them in own experiences and insights in considered to be a key driver of integration of technology and data. Cement Manufacturers Association, ments & SBP Instructions, agree- complicated and comprehensive in Services and Innovations Depart- ing from best practice
ment is mindful of the fact that a ment, SBP BSC discussed the tion and its external stakeholders. internal & external communication exercises, participants were able to developing teams and work various personal and professional innovation in the ﬁnancial services The expanding ﬁntech ecosystem Oil Companies Advisory Council, ments for ﬁnancing, HR related comparison to the other sanctions ment, SBP delivered the session methodologies and
crucial part of putting organization- importance of change manage- Around 70 participants from differ- including ofﬁce letters & memos, hone their data handling skills and cultures that are both adaptable situations. Overall, this training was industry. Mr. Azwar conducted an has led to increase in the demand National Electric Power Regulatory agreements, breach of contract v/s regimes, it is imperative for banking and discussed functions of the
al change into practice is getting a ment, how it can be implemented, ent ofﬁces of SBP BSC attended email etiquettes, report writing create with their own dashboard and engaging despite the challeng- both informative and inspirational interactive session for the partici- for professionals with expertise in Authority and National Fertilizer fraud, remedies & arbitration, over- ofﬁcials working in the Balochistan Central Bank, importance of data kno
view of customer & vendor related
to thoroughly understand, assess
Development. a short two-hour
buy-in from employees across the and the beneﬁts it can bring to an this training program. techniques, recording minutes of reports by the end of the program. ing circumstances, NIBAF Lahore for the employees. Around 85 pants explaining Blockchain and digital technologies, programming compilation and dissemination for SBP, NIBAF-Quetta facilitated conduct Rizwan Ahmad, Joint Director, Core
organization. Recognizing this, organization in the context of the meetings etc. Trainer discussed the The trainer shared useful feedback organized three iterations, both F2F participants from SBP, Commercial Cloud Computing as an emerging and data science within the bank- online session to explain key func- litigation with respect to contracts. and stay abreast of their obligations public dialogue and policy-making, of an online knowledge sh
NIBAF designs and offers trainings Vision and Mission of SBP BSC. Mr. Business Writing & Reporting principles of effective communica- and tips on the dashboards devel- and online, over the period. Dr. Banks and different ofﬁces of SBP innovative technology, its scope to ing sector also. In order to meet the tionalities and help users navigate Mr. Adnan Adil Hussain, Head of under the regime and the frequent data dissemination standards at sess
on Change Management to enable Bhatti also stressed the signiﬁcance Skills tion that cuts through ambiguity, oped by participants to further Hanif Mohammad, a renowned BSC attended these programs. improve the delivery of ﬁnancial demand for this skillset, NIBAF-La- the portal was conducted for SBP Legal -EXIM Bank of Pakistan deliv- changes therein to minimize SBP, need for the EasyData portal, academia in collaboration with the Services & Inno
employees embrace change and of the “people” factor in the change confusion, and redundancy. Partici- improve their efﬁcacy. Around 12 corporate trainer and consultant services, and innovative ideas for its hore organized two iterations of the ofﬁcers on February 24, 2023. Ms. ered the session. Mr. Adnan is a incidents of a sanctions violation. its key features and uses for policy team from Monetary Policy & Research shared insights on SBP data
senior banking professional with
Mahwish Shozab, DD, DSID, SBP
enable the management to management process and encour- Effective communication is the pants drafted content for different participants from different ofﬁces specializing in Strategy, Business Driving Innovation in Financial integration in traditional banking one-day online program on the analysts, researchers and academia. Group (MPRG) of SBP. Faculty tion & dissemination, SBP Surveys
manage and channelize employ- aged participants to focus on devel- cornerstone of any successful business scenarios requiring of SBP BSC attended this program. Management and Human Services: Exploring Blockchain processes. The key topics covered topic on April 13, 2023 and June 14, delivered the session and explained more than 30 years of experience in In view of the signiﬁcance of the These sessions were attended by members and students
ees’ varied reactions from avoid- oping the skill set that will be business, and this program focuses relevant form of written communi- All the participants appreciated the Resource Management, led the and Cloud Technology during the session included an 2023. Mr. Ahmed Sumair, Joint the factors that led to launch of the Retail, Credit, CAD, Recoveries and topic for bankers in Quetta, NIBAF almost 441 participants including 10 universities in
ance and denial to being fully required in coming days. He on enhancing writing and report- cation and practiced different training and rated it to be an excel- program emphasizing the impor- overview of connection between Director, Payment Systems Policy & portal, data portals of other central Banking Legal Systems. Mr. Adnan conducted a two-day Face-to-Face and Virtual Assets” from June 19-20, age of key topics in the area sharing governing digi
invested in the new ways. These emphasized that by enhancing ing skills of SBP BSC ofﬁcials. This exercises to apply their learnings to lent learning experience. tance of Emotional Intelligence and Disruptive technologies are driving Cloud Computing And Digital Inno- Oversight Department conducted banks, key features of the SBP has a degree in law (Advocate High training on the topic from May 2023. This course is designed to details regarding pot
portal, demos for customizing the
Courts) in addition to the Masters in
18-19, 2023 to enable bankers
trainings prepare and sensitize one’s ability to manage change, comprehensive training program is the actual work environment. its effect on one’s personal and business model reinventions glob- vation, Cloud-based Innovation the program on “FinTechs”, exten- assist bankers understand ML/TF vulnerabilities associated with including BPRD, SBP and PSP&PD. and Lasbela University of Agricul- Director, Economic Policy Review
employees to be mindful of regular everyone can play an important role designed to teach the different Around 16 participants from differ- Emotional Intelligence (EI) professional lives. Dr. Hanif did an ally especially within the ﬁnancial Strategies, Concepts Of Decentral- sively discussing use cases in the dashboards and using visual analy- Business Administration and is also explore the international obliga- risks, typologies and controls rela
and transformational changes, to ensure that SBP BSC remains at techniques that can be used to ent ofﬁces of SBP BSC attended excellent job in presenting the core sector with the mainstreaming of ization, Block Chain and Distributed ﬁnancial services industry quoting sis tools as per user requirement a certiﬁed Trainer by International tions under the applicable sanc- ed to FinTechs, Digital Payment gies, FATF requirements related to EPD cond
discuss the ongoing and expected the forefront of innovation and improve composition style, gram- this program. Participants appreci- Today’s employees operate in a concepts of Emotional Intelligence the technologically driven experi- Ledger Technology (DLT), digital instances of successful bank & and future outlook and expected Trade Centre UNCTAD/WTO & tions regime and assess key risk Systems and Virtual Assets FinTechs as well as the strateg
changes, to set the tone for employ- growth. The trainer also had shared mar, punctuation, and tone in ated the trainer’s efforts and guid- challenging work environment with relatable examples and ences. On the one hand customers currencies and smart contracts, ﬁntech partnerships. The key topics changes and improvements in the SMEDA and has been conducting areas for compliance with the help and tools available to mitigate ML on digital bank
portal. She has played a key role in
of focused discussions and compre-
various trainings and workshops for
ees and avoid any negative impact reading material and group work writing. This program is tailored to ance for improvement in their fraught with rapid changes in conducting practical exercises to expect process transformations, cloud-based innovation platforms , covered during the session includ- The session was conducted by Mr. risks. AML/Compliance Ofﬁcers, procedure for digital accounts who shared an overview of SBP nal policy notes.
from surprise and to convey man- before the start of the program for a equip the necessary skills to express writing style to align it with the systems and workﬂows, pressures help the participants recognize automations and innovative service overview of cloud architecture and ed the characteristics and types of the development of the portal and bankers, law colleges and Business hensive case studies relevant to Irfan Hassan Jaffery. Mr. Jaffery
agement assurance of full support preliminary warm-up to the session in a clear, concise, and coherent organization's standards of main- delivery, and on the other the networking, overview of cloud-na- FinTechs, disruption in the global is also working on enhancing the schools. The session was attended Balochistan. Mr. Nasir Mehmood, been associated with the ﬁnancial Analysts from different banks onboarding of customers, classiﬁ- a
to every one throughout the contents. He addressed various manner for varied communication, taining clarity, professionalism, and changing competitive landscape of tive applications and micro services, ﬁnancial landscape and challenges scope of data coverage and to by ofﬁcers from Legal Department, Head CFT & Sanctions Surveillance, sector for almost 10 years and is attended the session. cation of digital accounts, types of providing guidance a
change process. queries of the participants on the internal or external. effectiveness in communication. the ﬁnancial sector vouches for , overview of server less computing, from Neo Banks to the legacy further improve data availability in IT/General Procurement, Vendor Habib Metropolitan Bank conduct- currently working as Assistant digital bank accounts in pkr and solutions to issues and challenges Fida Hussain, Director, Monetary univer
ed the session sharing insights on
and
coordination with relevant stake-
Sourcing,
Management
future direction of SBP BSC and transformation of business opera- its beneﬁts, use cases and its role in ﬁnancial institutions, Artiﬁcial Intel- Director (Analysis) in FMU. His core Fully Complaint Digital Bank foreign currency, permissible trans- present in innumerable aspects of Policy Department discussed the more iteration on the topic.
In order to support developing an Data Analytics, Power BI & tions through integration of emerg- innovation, cloud-based artiﬁcial ligence & Machine learning for holders. Procurement & Projects units of key threats from border trade areas of expertise include strategic Accounts actions through internet & mobile
agile workplace, a systematic Dashboard Reporting ing technologies. intelligence and machine learning, FinTechs, regulatory landscape of various banks, MFBs and Fintechs. owing to geographical positioning & operational analysis of STR/CTR banking and regulations on digital
approach is being followed to cloud security and privacy. Mr. FinTechs in Pakistan, scope of func- Legal Framework & Practices of Balochistan, vulnerable areas/ac- Reporting, assessment of virtual In order to create awareness of the banking products including cred-
manage enterprise-wide change in This training program has been In order to apprise participants on Azwar also held a detailed discus- tions of top FinTechs Operating in for Contracts and Vendors CFT and Sanctions Regime- tivities and diligence requirements. assets, and Hawala/ Hundi transac- branch staff in the digital products/ it/debit cards for point of sale &
Implications for Bordering
Agreements
Trade
AML
Ofﬁcers,
Finance
SBP and its subsidiaries that starts structured to provide a comprehen- the key emerging technologies, sion on “Block Chain solving all Pakistan and Fintech Sandboxes. tions. He is an active member of the types of bank accounts and their e-commerce, corporate debit cards,
with sensitizing and preparing sive overview of Data Analytics, one-day online training was problems under the sky!”. Case Mr. Sumair conducted an interac- Territories in the Perspective Analysts and Branch & Operation TF and goAML Task Teams and has key features, and enable them to raast, sohni dharti remittances
employees to the expected trajec- Power BI, and Dashboard Report- conducted on the topic by Mr. studies related to Block Chain and tive program keeping the partici- NIBAF conducted a two-day online of Balochistan Managers from different banks also been instrumental in critical serve the target market in the best program, naya pakistan certiﬁcates
tory of the organization and the ing tools to help participants com- Hassan Azwar on April 11, 2023. Mr. Future Trends with respect to Paki- pants engaged throughout the training on the topic from March attended the training. initiatives of FMU including devel- interest of the country while also and roshan digital products. Almost
evolving roles and expectations plete their day-to-day assignments Hassan Azwar is a seasoned tech- stan were also shared along with session with interesting discussions 1-2, 2023. The session focused on Given the geographical positioning opment of STR reporting guide- preserving the spirit of our FX regu- 50 participants form different banks
of Balochistan with respect to the
important topics including what
from the teams. Hence, NIBAF with efﬁciency. Mr. Sohaib Jamal, an nologist currently serving as Cloud-based Digital Innovation Use on use cases, global and local case lines, FMU’s operational manual, lations which promote inﬂows, & MFBs attended the session and
regularly offers trainings to build expert corporate trainer in the area, Deputy Director in the Payment Cases. Around 28 participants from studies, articles and short videos on constitutes a contract /agreement, two sanctioned countries i.e. Iran AML Compliance for FinTechs, goAML user guide, learning NIBAF-Quetta organized an online appreciated launch of this program
necessary capacity to instill readi- conducted this F2F program from Systems Policy & Oversight Depart- ofﬁces of SBP, SBP BSC and other ﬁntech concepts and experiences. key elements and features, vetting and Afghanistan, ﬁnancial institu- Digital Payment Systems and resources for AML/CFT awareness session for banks on “Fully Com- which encompassed a comprehen-
ness to assimilate expected chang- March 16-17, 2023 at NIBAF-Lahore ment of SBP. He holds a Master's ﬁnancial institutions attended the Around 50 participants from SBP, of agreements, discussion on liabili- tions operating in the province are Virtual Assets and smooth rollout of goAML to plaint Digital Bank Accounts”. The sive coverage of different sets of
es in workﬂows and behaviors to with the support of practical exam- degree in Cyber Security and is program. different ofﬁces of SBP BSC, and ty and indemnity, Annexures & especially vulnerable and subject to NIBAF-Quetta organized a two-day ﬁnancial institutions and Law session was conducted on June 22, SBP regulations in the area.
Schedules to contracts, types of
obligations under the international
support further innovation, organi- ples. Mr. Jamal covered the techni- certiﬁed as a PMP®, CISA, CISM, other banks attended the two itera- Enforcement Agencies. Mr. Jaffery 2024 and included a comprehen-
zation growth and career advance- cal aspects of data analytics in CRISC, and API Security Architect tions of the program. contracts used in banking industry, sanctions regimes. Since the Irani- session on “AML Compliance for delivered a comprehensive cover- sive coverage of regulations
ment of its employees. detail while also emphasizing the with expertise in cybersecurity, overview of Outsourcing agree- an sanctions regime is much more FinTechs, Digital Payment Systems
46 Training Matters | January-June 2023

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