Head of Agent Banking, Foreign Remittance & Transaction Banking

Job Description

Title: Head of Agent Banking, Foreign Remittance & Transaction Banking

Company Name: A Reputed Private Commercial Bank

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 12 years
• The applicants should have experience in the following business area(s): Banks

• Masters

• Master`s in any discipline from reputed University with no third division in academic records

• At least 12 years
• The applicants should have experience in the following business area(s): Banks

• At least 12 years of working experience in Banking including 08 years’ experience in relevant field.

Interpersonal Skills

• Excellent Communication and leadership skills
• Strong self-motivation and drive
• Planning and organizing
• Adapting and responding to change

Knowledge, Competencies and Skills:

• Good understanding in the following areas:
• CBS Operation, Card Operation, ATM/POS Operation.
• Foreign Remittance Operation
• A-Challan Operation
• Earn Wages Access(EWA)
• Digital Banking product.

Job Grade: Senior Vice President

Key Job Responsibilities:

• Planning and organizing overall business of Agent Banking, Foreign Remittance & Transaction Banking covering below;
• Preparing yearly budget of those departments
• Formulation of strategy for achieving goal
• Periodic review of business and effectiveness of strategies
• Motivating team members for achieving target
• Selecting potential Agents and the Agent Banking locations
• Supervising overall launching preparation
• Launching new Agent Banking Outlets
• Signing MoU with the concerned business partners
• Conducting Remittance Drawing Arrangements with the new MTOs
• Supervising overall operation of Agent Banking and FRD
• Reporting to the Management
• Overall management of Agent Banking & FRD
• Develop and execute cash management strategies, products, and services to optimize liquidity, enhance efficiency, and maximize revenue opportunities.
• Oversee end-to-end operations of cash management services including collections, payments, liquidity solutions, and transaction banking.
• Drive product innovation in digital cash management, ensuring competitive positioning in corporate banking and treasury services.
• Lead budgeting, forecasting, and financial performance analysis of the division to achieve profitability and cost-effectiveness.
• Establish and maintain strong relationships with corporate clients, government entities, and institutional partners to expand client base and revenue streams.
• Supervising overall A-Challan operation for Branch & Sub-Branch
• Responsibility as Head of Agent Banking:
• Reporting to the Management;
• Overall management of the Division;
• Agent selection along with the Agent Selection Committee of the Bank;
• Taking management approval through SMT and the Board (if necessary);
• Contractual Employee/Assistant Relationship Officer (ARO) recruitment along with HR Team;
• ARO Posting, Supervising Outlet Launching Preparation;
• Acting as the Key Management Person in all Outlet Inauguration;
• Initiating and finalizing Agent Banking deeds with the Government and Non-government organizations;
• Monitoring and supervising overall activities of the Division.
• Responsibility as Head of Foreign Remittance:
• Reporting to the Management;
• Overall management of the Department;
• Taking management approval through SMT and the Board (if necessary);
• Contractual Employee recruitment along with HR Team;
• Initiating and finalizing Drawing Arrangement deeds with the MTOs;
• Initiating and finalizing Remittance related deeds with the Government and Non-government organizations;
• Monitoring and supervising overall activities of the Department
• Responsibility as Head of Transaction Banking:
• Provide strategic leadership and direction for the Cash Management Department, ensuring alignment with organizational goals and regulatory requirements.
• Develop and execute cash management strategies, products, and services to optimize liquidity, enhance efficiency, and maximize revenue opportunities.
• Oversee end-to-end operations of cash management services including collections, payments, liquidity solutions, and transaction banking.
• Drive product innovation in digital cash management, ensuring competitive positioning in corporate banking and treasury services.
• Establish and maintain strong relationships with corporate clients, government entities, and institutional partners to expand client base and revenue streams.
• Monitor market trends, regulatory changes, and competitive landscape to adapt strategies and mitigate risks.
• Lead budgeting, forecasting, and financial performance analysis of the division to achieve profitability and cost-effectiveness.
• Ensure compliance with central bank regulations, anti-money laundering (AML), and internal risk management policies.
• Collaborate with IT, operations, and product development teams to deliver seamless digital solutions and improve client experience.
• Responsibility as Head of A-Challan:
• Reporting to the Management;
• Monitoring and supervising overall activities of the Department;
• Taking management approval through SMT and the Board (if necessary);
• Maintaining relationship with the Finance Ministry and other Corporate Houses;
• Business Acquisition & Follow-up;
• Trainer & Key Spokesman in A-Challan related Training Workshops