Compliance Officer

NOVA Finance; Lahore; On-site; PKR 1,000,000 - 1,600,000; Full time

Job summary

NOVA Finance is seeking a Compliance officer to oversee regulatory compliance, SBP data reporting, and AML/CFT controls within an NBFC framework. You will coordinate with SECP and SBP portals, manage credit reporting processes, and ensure adherence to internal policies and regulatory caps.

The role emphasizes accuracy in data handling, risk management, and timely regulatory submissions, suitable for candidates with 1–2 years of relevant experience in SECP-registered NBFCs or MFIs.

Qualifications

• Bachelor’s or Master’s degree in Finance, Accounting, Law, or a closely related field.
• Professional qualifications such as ACCA (Member/Affiliate), CA-Inter, ACMA, or a specialized Certified Compliance Professional (CCP) designation will be highly advantageous.

Responsibilities

• Monitor, interpret, and ensure full compliance with SECP NBFC rules and directives.
• Prepare, review, and submit statutory corporate returns and compliance disclosures.
• Oversee data reporting and integrity with SBP eCIB and licensed private credit bureaus.
• Implement, audit, and update AML/CFT policies and perform KYC/CDD audits.

Skills

Regulatory compliance

Credit reporting

SBP eCIB portal

KYC / CDD

Audit coordination

Financial analysis

Education

Bachelor's or Master’s in Finance/Accounting/Law

ACCA/CA/ACMA/CCP advantageous

Tools

eCIB software

SECP filing systems

MS Excel

Job description

Job Description:

Key Responsibilities

1. Regulatory Compliance & SECP Liaison

• Monitor, interpret, and ensure full compliance with the SECP NBFC Rules, Regulations, and Directives.
• Prepare, review, and timely submit all statutory corporate returns, monthly/quarterly financial monitoring reports, and ad-hoc compliance disclosures required by the SECP.
• Stay continuously updated on changes to SECP regulations, conducting impact assessments on existing financial products and corporate workflows.

2. Credit Bureau Management & Credit Compliance

• Serve as the primary focal person for data reporting, operational workflows, and data integrity with the State Bank of Pakistan’s eCIB and licensed private credit bureaus.
• Oversight of the timely uploaded monthly credit data pipelines, ensuring absolute accuracy of borrower histories, classifications, and outstanding balances.
• Conduct independent compliance reviews of credit files and underwriting workflows to ensure adherence to internal credit policies and regulatory lending caps.
• Monitor asset classification, credit risk metrics, and non-performing loan (NPL) provisioning against SECP/SBP prudential guidelines.
• Expeditiously resolve data discrepancies, consumer disputes, and rectification requests in strict accordance with credit bureau operational handbooks.

3. SBP Directives & Regulatory Reporting

• Ensure alignment with relevant macro-prudential frameworks and reporting mandates issued by the State Bank of Pakistan (SBP) applicable to NBFC lending operations.
• Monitor liquidity ratios, asset-liability mismatches, and capital adequacy requirements in partnership with the core finance and treasury teams.

4. AML / CFT & Internal Controls

• Implement, audit, and update the company’s Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) policies.
• Conduct regular transaction screening, Know Your Customer (KYC) / Customer Due Diligence (CDD) audits, and flag suspicious transactions (STRs/CTRs) to the Financial Monitoring Unit (FMU) where necessary.
• Actively collaborate with internal and external auditors during annual reviews to verify internal financial control frameworks.

Skills & Qualifications

Educational Background & Certifications

• Bachelor’s or Master’s degree in Finance, Accounting, Law, or a closely related field.
• Professional qualifications such as ACCA (Member/Affiliate), CA-Inter, ACMA, or a specialized Certified Compliance Professional (CCP) designation will be highly advantageous.

Experience Requirements

• Minimum 1-2 years of progressive experience in regulatory compliance, internal audit, or credit review specifically within an SECP-registered NBFC, Microfinance Institution (MFI), Modaraba, or a commercial bank.
• Demonstrated experience in credit handling, loan verification protocols, or financial statement analysis during the credit appraisal process.
• Proven track record of directly handling eCIB software portals, credit reporting protocols, and SECP filing systems.

Technical & Soft Skills

• Deep, operational understanding of the NBFC Rules & Regulations and AML/CFT guidelines in Pakistan.
• Sound understanding of credit risk principles, financial statement analysis, and credit underwriting frameworks relevant to retail or commercial lending.
• Strong proficiency in financial data analysis, advanced MS Excel, and exposure to specialized core-banking or ERP financial modules.
• Exceptional communication and report-writing skills, with the ability to articulate technical regulatory requirements clearly to financial teammates and executives.
• High ethical standards, meticulous attention to detail, and a proactive approach to risk management.