Senior Officer to Principal Officer, Remittance Division

Job Description

Title: Senior Officer to Principal Officer, Remittance Division

Company Name: A reputed Private Commercial Bank

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: --

Experience:

• 5 to 10 years
• The applicants should have experience in the following business area(s): Banks

• Master of Business Administration (MBA)

• MBA/Master's in any discipline from reputed university with no third division in academic records.

• 5 to 10 years
• The applicants should have experience in the following business area(s): Banks

• Minimum 5–10 years of relevant experience in remittance operations, FX trading, or NRB banking services.

• Hands-on experience in regulatory reporting (FRTMD, Bangladesh Bank portals), SWIFT GPI, and partner coordination is essential.

• Experience in branch staff training or operational rollout is a plus.

• UAE or GCC market experience will be considered an advantage.

Knowledge, Competencies and Skills:

• Strong communication and coordination skills in both Bangla and English.

• Advanced user of MS Excel and digital banking systems.

• Sound knowledge of central bank compliance, AML, and remittance regulatory frameworks.

• Self-starter with the ability to manage multiple tasks under pressure

Job Grade: Senior Officer to Principal Officer

Job Context:

We are a leading private commercial bank in Bangladesh, committed to financial innovation and expanding remittance services for Non-Resident Bangladeshis (NRBs). As part of establishing a dedicated Remittance Division, we are seeking a skilled and motivated professional with strong experience in remittance operations and partnerships to contribute to building and driving this department forward.

Job Location: Head Office, Dhaka (with possible overseas or local travel)

Key Job Responsibilities:

• Establish and manage relationships with global remittance partners (MTOs, Exchange Houses, FinTechs).

• Monitor FX market trends, obtain rate quotations, and share competitive pricing with treasury to secure profitable remittance deals.

• Manage fund positions of remittance partners; coordinate settlement through Nostro accounts and ensure timely reconciliation.

• Conduct periodic reviews of AML/KYC documentation and partner onboarding processes in compliance with regulatory requirements.

• Prepare and submit regulatory reports, including FRTMD Reports, District Wage Remittance Reports, and others as per Bangladesh Bank guidelines.

• Train branch staff nationwide on cash remittance payout, documentation, and system handling to ensure smooth remittance delivery.

• Coordinate with branches to resolve payout-related issues and improve service efficiency.

• Maintain records of FX deals and prepare daily reports for senior management.

• Support internal and external audit queries and ensure documentation accuracy.

• Contribute to promotional campaigns, new product ideas, and strategic NRB engagement

• Competitive salary package.

• Festival bonuses, provident fund, gratuity, and other benefits as per bank`s HR policy.

• Career growth opportunity in a new and strategic division