Head of Foreign Remittance (VP-SVP)

Job Description

Title: Head of Foreign Remittance (VP-SVP)

Company Name: Bank Asia PLC

Vacancy: --

Location: Dhaka

Minimum Salary: Negotiable

Experience:
∎ At least 15 years
∎ The applicants should have experience in the following business area(s):Banks

Published: 4 May 2025

Education:
∎ Masters
∎ Master’s in any discipline preferably in business background with good academic record. Sound knowledge and proven track record in managing foreign remittance business operations.

Requirements:

Additional Requirements:

Responsibilities & Context:
∎ To implement and ensure specified annual plans and objectives of the department.
∎ Develop businesses by executing tie ups with new exchange companies (MTOs) and correspond with existing MTOs and their local offices for remittance and relations issues.
∎ Supervising the workflow and performance of the department
∎ To benchmark the outcomes with the targeted and planned performance
∎ To address and mitigate all the problems arises in day to day operations in a systematic way to avoid redundancy
∎ To follow up and supervise the level of customer satisfaction with the standards and to respond by performing the transactions in the time frame and addressing the shortcomings that may appear in the levels of the performance of the department.
∎ Ensure the policies, regulations and procedures related to the bank’s foreign remittance functions in accordance with the local, regional and international laws and regulations in the field of remittance services in order to achieve the safety of payments.
∎ Correspond with Sub agents i.e. NGOs, MFS.
∎ Correspond and comply with Bangladesh Bank and other regulatory bodies.
∎ Correspond and support with Bank Asia Branches and own exchange house and assist them in rendering prompt services to customers.
∎ Assist the ICT for modification and maintenance of remittance software.
∎ To implement and ensure specified annual plans and objectives of the department.
∎ Develop businesses by executing tie ups with new exchange companies (MTOs) and correspond with existing MTOs and their local offices for remittance and relations issues.
∎ Supervising the workflow and performance of the department
∎ To benchmark the outcomes with the targeted and planned performance
∎ To address and mitigate all the problems arises in day to day operations in a systematic way to avoid redundancy
∎ To follow up and supervise the level of customer satisfaction with the standards and to respond by performing the transactions in the time frame and addressing the shortcomings that may appear in the levels of the performance of the department.
∎ Ensure the policies, regulations and procedures related to the bank’s foreign remittance functions in accordance with the local, regional and international laws and regulations in the field of remittance services in order to achieve the safety of payments.
∎ Correspond with Sub agents i.e. NGOs, MFS.
∎ Correspond and comply with Bangladesh Bank and other regulatory bodies.
∎ Correspond and support with Bank Asia Branches and own exchange house and assist them in rendering prompt services to customers.
∎ Assist the ICT for modification and maintenance of remittance software.

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka

Job Highlights:
∎ This position is responsible for procurement of foreign remittance as per budget and bank’s appetite. Disposal of Foreign Remittance to the beneficiaries within standard time frame and expansion of agency arrangements and distribution channels.

Read Before Apply:

Candidates possessing the requisite skills and qualifications should feel free to apply online through bdjobs.com by May 12, 2025.

Only shortlisted candidates will be called for interview. Bank Asia reserves the right to accept or reject any application without assigning any reason whatsoever.

Bank Asia is an equal opportunity employer.

Attractive remuneration will be offered to the deserving candidates as per Bank’s policies.