Page 48 - NIBAF-Training Matters January - June 2023

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

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

ries learned in practical situations.
in
especially
computing technology. Around 20
Money Laundering (TBML), Money
financial
facilitator, Moderator & Neuro-Lin-
the participants engaged through-
cial sector policy makers and regu-
Digital Accounts & its affiliated
tively handled queries received
participants from different offices
issuance and verification of such
NIBAF’s five-day Advance Profes-
institutions that process and store
Security Measures Training
The training program highlighted
for Board Members of Samba

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

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

Director, NIBAF conducted this
different trainings for hands-on
the offices are responsible for these
initiatives regarding RegTechs &
a
Policy
practical
practice on several modules used
training program. Around 18
areas. He explained cloud-based
and S-PRCs, eligibility criteria for
adopted
Banking

Regulations
&
stan, overview of domestic home
fraud detection and prevention. He
Khattak
Mr.
Director,
trainer
BPRD.
services. A training program on
SupTechs. Around 26 participants

trainer
The
Department,
customers, standard format, proce-
approach to deliver contents of the
deigned a suitable program and
SBP.
participants from different
remittances infrastructure, system
by teams working in different
innovation strategies and platforms,
provided key insights into digital
Banking Operations was conduct-
from different banks and offices of
covered the topic comprehensively
discussed the topic building upon
frauds investigation techniques,
constituents
cloud-native applications and micro
training sharing his own experienc-
stakeholders,
and
dure for automated issuance and
offices of SBP BSC attended

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

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

Currency was conducted on
and preventive measures to avoid
and further discussed financial

support successful implementa-
the program and discussed govern-
cloud computing and innovative
more iteration of the same program
fraud experiences of local banks.
ciaries, innovation and digitalization
tion. He discussed the reasons for
penalization. Ms. Saima handled
the L&D department and the Senior

February 24, 2023 in face to face
March 10, 2023 by Mr. Zain ul
account
and
collection
ment
The ongoing digitization in the
Management of Samba Bank.
drive for promotion of home remit-
applications in different industries,
replacement of IAS-39, changes in
Overall, session remained very
in future. Around 32 participants
the queries very effectively and kept

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

general ledger accounts, handling
in all aspects of banking operations
out the session. Participants also
SBP, PRI and financial institutions

requested for more iteration of the
ment of financial instruments
the program.
Around 11 participants from
implications of cloud-based innovation
SBP BSC, Islamabad & Syed
payments, clearing and settle-
including the foreign exchange
expressed keen interest in the train-

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

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

SBP BSC, Karachi office
attended this training program.
many projects and products that
the IFRS 9 Impairment Model for
promote remittances and new
rooms and discussed use cases of
ed the program.
Awareness Sessions
for innovations & creative ideation, Financial Assets, SBP Instruction on from with top-notch practitioners Digitization of Drawback of Local role in catalyzing digital transfor- 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
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
Finance,
Pakistan
Ministry
of
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
Association,
All
ers
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
to thoroughly understand, assess
Development. a short two-hour
view of customer & vendor related
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
Courts) in addition to the Masters in
portal, demos for customizing the
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
of focused discussions and compre-
portal. She has played a key role in
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
Sourcing,
ed the session sharing insights on
and
coordination with relevant stake-
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 &
Finance
AML
Officers,
Agreements
Implications for Bordering
Trade
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
48 Training Matters | January-June 2023