Head of Foreign Remittance Division

Job Description

Title: Head of Foreign Remittance Division

Company Name: A prominent and innovative private-sector commercial bank

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: --

Experience:

• At least 8 years

• Bachelor of Business Administration (BBA)
• Bachelor of Business Administration (BBA) in Finance
• Masters degree in any discipline

• Master’s degree in Business, Finance, or related field is preferred.
• Certifications in international payments or financial services (e.g., CAMS, ACAMS) are a plus.
• Master degree in any discipline preferably in Business Discipline from a reputed university having no Third Class/ Division/ Equivalent GPA/CGPA in the Academic records.

• At least 8 years

• 8+ years of experience in the foreign remittance or cross-border payments industry, with at least 5 years in a leadership position.
• Strong understanding of international payments, foreign exchange, and regulatory frameworks.
• Excellent leadership, strategic planning, and team management skills.
• In-depth knowledge of risk management practices, including fraud detection and prevention.
• Proven ability to manage partnerships and negotiate with international financial institutions.

A prominent and innovative private-sector commercial bank, with a strong national presence and an expanding international footprint through subsidiaries and strategic partnerships, is seeking talented and experienced professionals to join its growing leadership team. Our mission is centered on fostering national economic development while relentlessly innovating within the financial services industry.

We are currently seeking proactive, performance-driven, and visionary leaders with proven track records to apply for the following leadership roles:

Head of Foreign Remittance Division

The Head of Foreign Remittance Division will lead the strategy and operations of the bank's remittance business, ensuring efficiency, compliance, and customer satisfaction. This role involves building strategic partnerships, enhancing operational processes, and driving innovation in cross-border payments.

Job Location: Anywhere in Bangladesh (as per organizational requirement)

Key Responsibilities:

• Oversee the entire foreign remittance business, including operations, compliance, customer experience, and strategic growth.
• Develop and implement a comprehensive growth strategy for the foreign remittance division, focusing on increasing market share and profitability.
• Manage relationships with global remittance partners, payment processors, and foreign financial institutions.
• Ensure compliance with local and international regulations, including anti-money laundering (AML) and Know Your Customer (KYC) requirements.
• Drive technological innovation to improve the speed, security, and cost-effectiveness of remittance services.
• Collaborate with other divisions, such as Treasury, Compliance, and Operations, to ensure smooth remittance operations.
• Monitor global remittance trends, customer preferences, and competitor activities to inform business decisions.
• Lead efforts to optimize operational processes and reduce costs while improving customer satisfaction.
• Manage and mitigate operational and financial risks associated with cross-border payments and remittance services.
• Build and lead a high-performing team to deliver exceptional results.

Salary & Benefits: Competitive and attractive compensation packages, commensurate with qualifications and experience, along with performance-based incentives and industry-leading benefits.