Job Description

Title: Senior Manager/ Manager, RMG Monitoring Unit

Company Name: BRAC Bank PLC

Vacancy: --

Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:
∎ 7 to 10 years
∎ The applicants should have experience in the following business area(s):Banks

Published: 26 Jun 2024

Education:
∎ Four-year graduation from any reputed university with a satisfactory academic track record.

Requirements:

Additional Requirements:
∎ 7-10 years in Export Department/ Trade Service Department in a renowned bank Project management skills and negotiation skills.
∎ In-depth and thorough knowledge about trade cycle and trade business especially RMG sector
∎ MS Excel, MS Word, MS PowerPoint, MS Access etc.
∎ Experience of IT based online monitoring and reporting system.
∎ Good interpersonal skills, demonstrated proactive roles in teamwork etc.
∎ Master in customer centricity, self-propelled and capability to meet deadlines.
∎ 7-10 years in Export Department/ Trade Service Department in a renowned bank Project management skills and negotiation skills.
∎ In-depth and thorough knowledge about trade cycle and trade business especially RMG sector
∎ MS Excel, MS Word, MS PowerPoint, MS Access etc.
∎ Experience of IT based online monitoring and reporting system.
∎ Good interpersonal skills, demonstrated proactive roles in teamwork etc.
∎ Master in customer centricity, self-propelled and capability to meet deadlines.

Responsibilities & Context:
∎ Regularly visiting different RMG and Textile projects to check overall operational status and preparing visit report with estimation/validation of Production Capacity.
∎ Presenting quarterly portfolio review report to Management.
∎ Analyzing the RMG customers’ transactions, especially timely initiation of actions as per Time and Action [TNA] plan to ensure timely shipment, estimating BTB requirement and other funding requirement based on Cost Sheet, ensuring relativity of imported items for execution of related export order and maintaining liaison with customers to ensure timely collection of export proceeds.
∎ Monitoring export-import performance/ratio of RMG clients and timely raise flag to relevant stakeholders in case of mismatch.
∎ Guiding relevant stakeholders with understanding of export and import cycle and related financing requirements [RMG/ trade financing] and related foreign exchange guidelines.
∎ Ensure identification of risks and development of mitigation strategy after consultation with related stakeholders for RMG/deemed exporters through analysis of group CIB movement with export, stock and bank liability reports, group forward & backward linkages etc. including reporting of Early Warning symptoms.
∎ Monitor & follow up client performance and repayment to ensure credit portfolio health is in line with Bank’s objectives by focusing on export lien, proceed realization, export order book, etc.
∎ Providing update on Buyers’ Risk report, international market news [like RMG major buyers’ business and financial performance, competitors – Vietnam, target export market], industry trends and price movement [raw material& finished goods] especially for varied RMG products to relevant stakeholders.
∎ Preparation and periodic updating of Buyers list who has filed suit for protection against bankruptcy.
∎ Preparation of database for Foreign Buyer-wise export order Lien status, yearly export order execution status, bill collection status, bill overdue status, client-wise export import performance etc. and regular circulation of MIS with comparative analysis to relevant stakeholders.
∎ Conduct stress testing, analyze impact and create plan of action for portfolio when there is significant economic or industry sector downturns, adverse market-risk events, or unfavorable.
∎ BRAC Bank is one of the top sustainable banks in Bangladesh. Established with a view to financial inclusion, BRAC Bank is the pioneer of SME Banking in Bangladesh, delivering a full array of banking services to individuals and business entities. Its strong financials, the best credit rating from the top global and local rating agencies, and numerous recognitions speak of the bank's aspiration to become the country's best bank.
∎ The bank is currently looking for an ambitious, intelligent, goal-oriented and enthusiastic individual for the following position in its Risk Management Division.
∎ KEY RESPONSIBILITIES:
∎ Regularly visiting different RMG and Textile projects to check overall operational status and preparing visit report with estimation/validation of Production Capacity.
∎ Presenting quarterly portfolio review report to Management.
∎ Analyzing the RMG customers’ transactions, especially timely initiation of actions as per Time and Action [TNA] plan to ensure timely shipment, estimating BTB requirement and other funding requirement based on Cost Sheet, ensuring relativity of imported items for execution of related export order and maintaining liaison with customers to ensure timely collection of export proceeds.
∎ Monitoring export-import performance/ratio of RMG clients and timely raise flag to relevant stakeholders in case of mismatch.
∎ Guiding relevant stakeholders with understanding of export and import cycle and related financing requirements [RMG/ trade financing] and related foreign exchange guidelines.
∎ Ensure identification of risks and development of mitigation strategy after consultation with related stakeholders for RMG/deemed exporters through analysis of group CIB movement with export, stock and bank liability reports, group forward & backward linkages etc. including reporting of Early Warning symptoms.
∎ Monitor & follow up client performance and repayment to ensure credit portfolio health is in line with Bank’s objectives by focusing on export lien, proceed realization, export order book, etc.
∎ Providing update on Buyers’ Risk report, international market news [like RMG major buyers’ business and financial performance, competitors – Vietnam, target export market], industry trends and price movement [raw material& finished goods] especially for varied RMG products to relevant stakeholders.
∎ Preparation and periodic updating of Buyers list who has filed suit for protection against bankruptcy.
∎ Preparation of database for Foreign Buyer-wise export order Lien status, yearly export order execution status, bill collection status, bill overdue status, client-wise export import performance etc. and regular circulation of MIS with comparative analysis to relevant stakeholders.
∎ Conduct stress testing, analyze impact and create plan of action for portfolio when there is significant economic or industry sector downturns, adverse market-risk events, or unfavorable.

Employment Status: Full Time

Job Location: Anywhere in Bangladesh

Read Before Apply:

BRAC Bank is a values-driven organization and believes in protecting all its stakeholders, including the coworkers and the community we work in, from all forms of harassment, abuse, neglect, exploitation, and discrimination. As an equal opportunity enabler, BRAC Bank encourages applications from any gender-diverse individuals and persons living with a disability. We consider personal persuasion as a disqualification of candidature.

If you are interested in taking up the challenge, please 'Apply Online'.

Only short-listed candidates will be communicated for the next stage as per the recruitment process. BRAC Bank reserves the right to accept or reject any application without assigning any reason, whatsoever.

BRAC Bank does not charge any fee at any stage of the recruitment process.