Head of Correspondent Banking

Job Description

Title: Head of Correspondent Banking

Company Name: Modhumoti Bank PLC

Vacancy: 01

Age: at least 28 years

Location: Dhaka

Maximum Salary: Negotiable

Experience:
∎ At least 3 years
∎ The applicants should have experience in the following business area(s):Banks

Published: 8 Jul 2024

Education:
∎ Bachelor/Honors

Requirements:

Additional Requirements:
∎ Age at least 28 years

Responsibilities & Context:
∎ Corresponding with different local & foreign banks to establish RMA, Nostro A/C, extension of Credit line & other issues as instructed by the Head of Division.
∎ Initiate office note and obtaining approval of the Management for signing the agreement, schedule of charges and/or other terms & conditions with the correspondents for opening Nostro Accounts with them.
∎ Ensuring and following-up collection of Credit Reports from the D&B and other credit rating agencies for Branches as well as ensuring central database of credit reports.
∎ Ensuring and following-up collection and payment of Credit Report of credit rating agencies for Branches.
∎ Follow up and monitoring of Exchanging and updating business documents, AML questionnaires (Wolfsburg Questionnaire CBBDQ V1.4, US Patriot Act Certification, W-8BEN- E certificate with local and foreign correspondents.
∎ Ensuring daily fund requisitions/ payment of the branches through Nostro accounts and submission it to treasury front office.
∎ Ensuring AML/KYC documents of the Bank to the correspondent Banks as well as completing AML/KYC documents of the correspondent Banks.
∎ Corresponding with other Banks and/or our Branches for recovery of overdue receivable and/or payables.
∎ Ensuring issuance of departmental information circulars as well as circulars of Bangladesh Bank to the Branches and the respective Divisions of Head Office.
∎ Solving any issues with the correspondent Bank since raised by the branches or divisions of the Bank.
∎ Ensuring record keeping and circulation of signature booklet of own Bank and other banks.
∎ Ensuring circulation of lost instruments of own Bank and other Banks.
∎ Ensuring compliance/Reply of all sorts of audits (Internal, External).
∎ Any other responsibilities assigned by the Head of International Division.
∎ Corresponding with different local & foreign banks to establish RMA, Nostro A/C, extension of Credit line & other issues as instructed by the Head of Division.
∎ Initiate office note and obtaining approval of the Management for signing the agreement, schedule of charges and/or other terms & conditions with the correspondents for opening Nostro Accounts with them.
∎ Ensuring and following-up collection of Credit Reports from the D&B and other credit rating agencies for Branches as well as ensuring central database of credit reports.
∎ Ensuring and following-up collection and payment of Credit Report of credit rating agencies for Branches.
∎ Follow up and monitoring of Exchanging and updating business documents, AML questionnaires (Wolfsburg Questionnaire CBBDQ V1.4, US Patriot Act Certification, W-8BEN- E certificate with local and foreign correspondents.
∎ Ensuring daily fund requisitions/ payment of the branches through Nostro accounts and submission it to treasury front office.
∎ Ensuring AML/KYC documents of the Bank to the correspondent Banks as well as completing AML/KYC documents of the correspondent Banks.
∎ Corresponding with other Banks and/or our Branches for recovery of overdue receivable and/or payables.
∎ Ensuring issuance of departmental information circulars as well as circulars of Bangladesh Bank to the Branches and the respective Divisions of Head Office.
∎ Solving any issues with the correspondent Bank since raised by the branches or divisions of the Bank.
∎ Ensuring record keeping and circulation of signature booklet of own Bank and other banks.
∎ Ensuring circulation of lost instruments of own Bank and other Banks.
∎ Ensuring compliance/Reply of all sorts of audits (Internal, External).
∎ Any other responsibilities assigned by the Head of International Division.

Skills & Expertise:

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka

Read Before Apply:

https://career.modhumotibank.net/JobCircular/JobDetails?jobId=9Fp717FsBrWjBO8SQQUq6A==

Company Information:
∎ Modhumoti Bank PLC
∎ Modhumoti Bank, Head Office, Khandaker Tower (7-8 Floor), 94 Gulshan Avenue, Gulshan-1, Dhaka-1212
∎ Our vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight empowered employees, smart use of technology and a full range of highest quality products and services.

Address::
∎ Modhumoti Bank, Head Office, Khandaker Tower (7-8 Floor), 94 Gulshan Avenue, Gulshan-1, Dhaka-1212
∎ Our vision is to lead the new generation of local commercial banks by excelling in customer delivery through insight empowered employees, smart use of technology and a full range of highest quality products and services.

Application Deadline: 7 Aug 2024

Category: Bank/Non-Bank Fin. Institution