Assistant Manager- Risk Consulting- FCC- Karachi

EY; Karachi Division; On-site; PKR 3,000,000 - 6,000,000; Full time

Job summary

EY is hiring in Karachi to support financial crime compliance (AML/CFT, sanctions) across banks, insurers, and fintechs in Pakistan and MENA. You will design end-to-end FCC frameworks, lead workstreams, and deliver regulatory-aligned remediation roadmaps while modernizing operations with AI and automation.

You will draft policies, supervise junior staff, and produce client-ready deliverables such as risk reports and board presentations, ensuring timely, high-quality results.

Qualifications

• 5+ years in Financial Crime Compliance (AML/CFT, sanctions, ABC and fraud).
• Bachelor's degree in law, finance, commerce or related discipline.
• Experience dealing with senior stakeholders and client relationships.
• Knowledge of global regulatory landscape in FCC space.

Responsibilities

• Lead end-to-end FCC transformation programs including AML/CFT, KYC/CDD and EDD.
• Draft policies, procedures and SOPs covering AML, sanctions, TBML, and fraud.
• Support testing, validation of transaction monitoring and sanctions systems.
• Design target operating models and governance with 3-lines-of-defense definitions.
• Develop remediation roadmaps against SBP/ FATF and international standards.
• Identify opportunities for AI, GenAI and intelligent automation in FCC ops.

Skills

Regulatory compliance

Financial crime risk assessment

Project management

Stakeholder management

Advanced Excel/PowerPoint

Education

Bachelor's degree in law, finance, or commerce

Tools

Oracle FCCM

Actimise

SAS

Fircosoft/Bridger

T24 core banking

Job description

The opportunity

As part of the Risk Consulting practice, you will help Banks, Insurers, Exchange Companies and Digital/EMI players in Pakistan and across MENA, design and implement financial crime compliance frameworks that meet regulatory expectations without compromising customer experience.

The opportunity

As part of the Risk Consulting practice, you will help Banks, Insurers, Exchange Companies and Digital/EMI players in Pakistan and across MENA, design and implement financial crime compliance frameworks that meet regulatory expectations without compromising customer experience.

Key Responsibilities

FCC framework and transformation

• Support end-to-end FCC transformation programs spanning AML/CFT, KYC/CDD and EDD, customer risk rating, transaction monitoring, sanctions screening and case management.
• Contribute to the design of future-state target operating models across people, process, technology and governance, including three-lines-of-defense role definition, RACI matrices, capacity assessments, and FCC risk registers.
• Perform current-state and gap assessments against SBP AML/CFT & CFP Regulations, FATF Recommendations and leading international standards; develop practical remediation roadmaps. Familiarity with MENA regulations would be an added advantage.
• Execute Enterprise-Wide Risk Assessments (EWRA), including inherent risk questionnaires, control effectiveness questionnaires, independent control testing and residual risk derivation.
• Draft and update policies, procedures and SOP manuals covering AML/CFT, sanctions, TBML, fraud, FATCA/CRS and proliferation financing.
• Support assessment, testing and independent validation of transaction monitoring and sanctions screening systems, including scenario/threshold testing, data input and field-mapping reviews, and data lineage validation.
• Identify opportunities to modernize compliance operations through AI, GenAI and intelligent automation, and support vendor evaluations, proof-of-concepts and implementation programs

Engagement delivery and client management

• Lead and manage defined workstreams within client engagements, ensuring timely, high-quality delivery.
• Act as a key day-to-day contact for client stakeholders on assigned workstreams.
• Supervise, coach and quality-review the work of senior consultants and analysts.
• Produce client-ready deliverables – gap reports, risk assessment reports, board and committee presentations, training material and implementation plans.
• Identify delivery risks early and escalation with practical mitigation options.

Skills And Attributes For Success

• Strong understanding of regulatory expectations and the ability to interpret their impact on clients.
• Analytical ability to decompose financial services processes with a risk-and-control focus.
• Strong planning, execution and report-writing skills; high proficiency in PowerPoint, Word and Excel.
• Effective project management, interpersonal and teaming skills; self-motivated with drive and energy.

To qualify for the role you must have

• 5+ years of relevant experience in Financial Crime Compliance (AML/CFT, sanctions, ABC and fraud) within banking, insurance, asset management or a Big 4 / professional services firm.
• Bachelor's degree in law, finance, commerce or a related discipline from a leading institution.
• Demonstrated experience working with senior stakeholders and managing client relationships.
• Working knowledge of the global risk and regulatory environment, particularly developments in the FCC space.

Ideally, you'll also have

• Industry certification such as CAMS, ICA Diploma in AML, CFE, CIA, or a professional accounting qualification (CA/ACCA).
• Hands‑on exposure to FCC platforms (e.g., Oracle FCCM, Actimise, SAS, Fircosoft/Bridger) and to core banking systems such as T24.