Trade Services - Branch Level (EO – FAVP)

Job Description

Title: Trade Services - Branch Level (EO – FAVP)

Company Name: Modhumoti Bank PLC

Vacancy: --

Age: At least 30 years

Job Location: Anywhere in Bangladesh

Salary: Tk. 70000 (Monthly)

Experience:

• At least 4 years
• The applicants should have experience in the following business area(s): Banks

• Bachelor/Honors

• At least 4 years
• The applicants should have experience in the following business area(s): Banks

• Age At least 30 years

• Candidates bearing credit related professional qualification will be preferable.

• Fresh Candidates do not need to apply.

• Candidates having break of service do not need to apply.

• Must have good expertise on Microsoft Officer as well as experience of handling core banking system and related business intelligence.

• Unquestioned commitment to integrity and ethical decision-making.

• Must have customer focused attitude.

• Oversee day-to-day activities related all Foreign Trade operations of the branch, including Import, Export, and Foreign Remittance (Inward & Outward), ensuring compliance with Bangladesh Bank regulations, UCPDC, URC, URR, ISBP, and other applicable foreign exchange guidelines.

• Process and approve Import Letters of Credit (L/Cs), Back-to-Back L/Cs, Amendments, Shipping Guarantees, and related trade transactions after ensuring proper documentation, regulatory compliance, and realization of applicable commissions, charges, and taxes.

• Handle lodgment, scrutiny, and settlement of import documents, ensuring timely retirement of bills and monitoring outstanding, overdue, and matured L/C liabilities.

• Examine and negotiate export documents in compliance with L/C terms and international trade rules, ensuring timely realization and repatriation of export proceeds.

• Monitor importers’ and exporters’ business activities, transaction patterns, and foreign trade performance to ensure compliance with regulatory requirements and identify potential business opportunities and risks.

• Review, authorize, and process foreign trade transactions within delegated authority while ensuring adherence to the Bank’s policies, procedures, and risk management framework.

• Maintain close liaison with customers, correspondent banks, regulatory authorities, and Head Office to facilitate smooth execution of foreign trade transactions and resolve operational issues.

• Conduct periodic visits to exporters’ factories, business premises, and operational sites to assess business activities.

• Handle internal audits, external audits, Bangladesh Bank inspections, and compliance reviews related to Foreign Trade operations, ensuring timely resolution of observations and implementation of corrective actions.

• Ensure accurate and timely submission of all regulatory returns, statements, reports, and MIS relating to Foreign Trade activities to Head Office, Bangladesh Bank, and other concerned authorities.

• Maintain proper records, documentation, and archiving of Foreign Trade transactions in accordance with regulatory requirements and the Bank’s policies.

• Any other work / responsibility as and when assigned by the supervisor or Management of the Bank.

As per Bank’s Policy