Trade Compliance Officer

Experience Required: Minimum 4 years of professional experience in the banking sector, including at least 3–4 years of direct experience in Trade Compliance, Trade AML, or Trade Surveillance.

AiGenics is seeking an experienced and detailoriented Trade Compliance Officer (TBML) to join our product team. The ideal candidate must have handson banking experience in trade compliance, Trade-Based Money Laundering (TBML), trade surveillance, and regulatory compliance. The selected candidate will serve as a subject matter expert, working closely with product and engineering teams to translate banking regulations, compliance procedures, and operational requirements into functional features for AI-powered trade compliance solutions.

Key Responsibilities:

• Define and document TBML compliance requirements, business rules, risk indicators, and transaction monitoring controls for product development.
• Ensure product features align with the State Bank of Pakistan (SBP) Framework for Managing Risks of Trade-Based Money Laundering and Terrorist Financing, AML/CFT/CPF regulations, and relevant FATF guidelines.
• Monitor regulatory updates issued by SBP, the Financial Monitoring Unit (FMU), and FATF, and recommend necessary changes to compliance-related product features.
• Identify and define trade-related red flags, suspicious transaction patterns, enhanced due diligence (EDD) triggers, and customer risk assessment requirements.
• Establish compliance requirements for trade price verification using HS Codes, Customs valuation rulings, goods declaration data, reference prices, and historical transaction records.
• Review compliance controls applicable to various trade transactions, including Letters of Credit (LCs), documentary collections, open account transactions, advance payments, and contract-based trade.
• Define requirements for trade customer due diligence, including beneficial ownership verification, counterparty assessment, financial documentation, jurisdictional risks, and expected trade activity.
• Translate regulatory requirements and banking procedures into clear business rules, workflows, system alerts, and functional specifications for engineering teams.
• Develop practical test scenarios covering suspicious and legitimate trade transactions, including document discrepancies, pricing irregularities, and compliance-related red flags.
• Conduct User Acceptance Testing (UAT), review system-generated alerts, and validate compliance-related features before implementation.
• Collaborate with product and engineering teams to maintain accurate red flag libraries, risk typologies, and compliance monitoring requirements.
• Participate in product demonstrations, pilot implementations, and discussions with banking compliance and trade operations teams.
• Provide compliance guidance, prepare relevant documentation, and support internal knowledge sharing and user training.

Requirements:

• Bachelor's degree in Banking, Finance, Business Administration, Economics, Commerce, Law, or a related field.
• Proven hands-on experience working within a bank's trade compliance or trade surveillance function.
• Strong knowledge of the SBP Framework for Managing Risks of Trade-Based Money Laundering and Terrorist Financing, AML/CFT/CPF Regulations, the Anti-Money Laundering Act 2010, and relevant FATF guidance.
• Sound understanding of the SBP Foreign Exchange Manual, particularly regulations governing import and export transactions.
• Practical experience in trade transaction monitoring, red flag identification, alert investigation, enhanced due diligence, and suspicious transaction reporting procedures.
• Experience reviewing trade-related financial instruments, identifying transaction discrepancies, and conducting trade customer risk profiling.
• Comprehensive understanding of trade finance transactions, including Letters of Credit (LCs), documentary collections, open account transactions, advance payments, registered contracts, and bank guarantees.
• Strong familiarity with import/export documentation, including commercial invoices, Bills of Lading, packing lists, certificates of origin, and related trade documents.
• Knowledge of HS Codes, Customs valuation rulings, Pakistan Single Window (PSW), WeBOC, and trade price verification practices.
• Ability to interpret regulatory requirements and translate them into clear compliance rules, system requirements, and test scenarios.
• Strong analytical, problem-solving, documentation, and communication skills, with proficiency in MS Excel.
• Ability to coordinate effectively with technical teams, banking stakeholders, and senior management.

Preferred Qualifications:

• Professional certifications such as CAMS, CGSS, CDCS, or relevant AML/Trade Finance qualifications from the Institute of Bankers Pakistan (IBP).
• Experience implementing or testing transaction monitoring systems, trade finance applications, or banking compliance software.
• Previous involvement in User Acceptance Testing (UAT), compliance system implementation, or regulatory technology projects.
• Exposure to SBP inspections, internal compliance audits, or regulatory reviews related to trade compliance.
• Experience working with established trade surveillance functions in banks, regulatory institutions, or AML advisory roles.
• Familiarity with international trade compliance practices, particularly in UAE, Bahrain, or other Gulf markets.

Timings: Morning Shift
Job type: Full time (Onsite)
Location: MACHS, Karachi

Pay: Rs100,000.00 - Rs110,000.00 per month

Application Question(s):

• Are you comfortable commuting to our office location?
• Are you comfortable working onsite?

Location:

• Karachi (Required)

Work Location: In person