Unit Head, Trade Based Money Laundering Prevention Unit

Job Description

Title: Unit Head, Trade Based Money Laundering Prevention Unit

Company Name: NRBC Bank PLC

Vacancy: --

Age: At most 40 years

Job Location: Dhaka

Salary: --

Experience:

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

• Master’s degree in Business Administration, Finance, Marketing, Economics, Law, Banking, or a related discipline from a reputed university.

• Professional banking qualifications and relevant certifications (CAMS, CGSS, CEAF, CTFP, CDCS, and CETS) will be considered an added advantage.

• No 3rd Division/Class or equivalent CGPA/GPA in any academic record is acceptable.

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

• Age At most 40 years

• Minimum 8 to 10 years of active commercial banking experience, with at least 3–4 years dedicated strictly to Trade Compliance, Trade Operations or AML/CFT oversight functions.
• The professionals who commenced their career from MTO/PO will get preference.
• Proven track record in conducting trade-based financial investigations or managing trade operations service desks.
• Thorough, practical knowledge of the Money Laundering Prevention Act 2012 (amended 2015), BFIU Circular 24, FATF Recommendations, Wolfsburg Principles, and OFAC/UN sanctions regimes.
• Deep understanding of trade instruments (LCs, Doc Collections, Incoterms, Swift messaging syntax like MT700, PAC8, PAC9 series).
• Familiarity with trade compliance software, data analytics, vessel tracking tools, and pricing verification platforms.
• Strong leadership, conflict management, and report-writing skills, with the ability to confidently present findings to executive committees and regulatory inspectors.
• Age Limit : Maximum 40 years as on 08/08/2026

NRBC Bank PLC. is a fast-growing, tech-driven private commercial bank in Bangladesh committed to fostering economic growth through secure, transparent, and innovative banking solutions. As part of our strategic vision to achieve world-class compliance standards and expand our global banking footprint, we are establishing a specialized Trade-Based Money Laundering (TBML) Prevention Unit within the AML & CFT Division. We are seeking a highly analytical, seasoned compliance professional to lead this critical second-line oversight function:

Position Details:

Division: AML & CFT Division

Rank: First Assistant Vice President (FAVP) to Assistant Vice President (AVP)

Location: Head Office, Dhaka, Bangladesh.

Major Responsibilities of Unit Head, TBML Unit (FAVP-AVP):

1. Policy formulation and structural development.

• Develop/update of banks Trade AML, Sanctions, RMA, Correspondent Banking due diligence policy/guidleine.

• Keep updated on latest AML & CFT developments and current trends of Trade Based Financial Crimes risk from regulators or international banking compliance bodies.

• Monitor bank uses the four level of risk management tools and structures as per regulatory requirement.

2. Post-Transaction Monitoring & Reporting

• Conduct the post-facto review and forensic analysis of closed/settled trade transactions (LCs, open accounts, guarantees) randomly to detect complex patterns of TBML, including over/under-invoicing, phantom shipping, and multi-invoicing.

• Randomly oversee independent post-shipment verification, including vessel voyage tracking, port-of-call analysis, and dual-use goods categorization using advanced global maritime and commodity pricing databases.

• Evaluate and investigate escalated trade anomalies, compiling comprehensive case files to file high-quality Trade-Based Suspicious Transaction Reports (STRs/SARs) to the BFIU via the goAML portal.

3. Sudden Inspections & Operational Governance

• Formulate and execute a risk-based schedule for unannounced, sudden on-site inspections of the Trade Operations Department, AD branch, International Division and centralized trade hubs.

• Audit trade documentation workflows to ensure front-line teams are strictly executing customer due diligence (CDD/EDD) and complying with BFIU Circular No. 24 and other directives.

• Identify control gaps, issue Corrective Action Plans (CAPs) to operational units, and track remediation progress for senior management review.

4. Correspondent Banking & RMA Oversight

• Conduct independent, second-line compliance reviews of all Relationship Management Applications (RMA) and correspondent banking profiles initiated/updated by the International Division.

• Ensure International Division reviews periodically of those RMA and Correspondent Banking profiles. 

• Validate the completeness and accuracy of Wolfsburg Correspondent Banking Due Diligence Questionnaires (CBDDQ) for foreign partner banks to prevent nested or shell bank exposures.

• Monitor downstream financial flows through Nostro and Vostro accounts to ensure compliance with FATF Recommendation 13 and local regulations.

5. Technology Optimization & Capacity Building

• Drive the effective and efficient calibration of the bank`s automated Trade-Based Financial Crime (TBFC) prevention and screening tools to minimize false positives while maximizing risk detection.

• Keep abreast of evolving global sanctions (OFAC, UN, EU) and update internal trade risk typologies accordingly.

• Design and deliver specialized, advanced TBML red-flag training for Trade Operations related officials of the bank.

Educational Qualifications:

• Master’s degree in Business Administration, Finance, Marketing, Economics, Law, Banking, or a related discipline from a reputed university.

• Professional banking qualifications and relevant certifications (CAMS, CGSS, CEAF, CTFP, CDCS, and CETS) will be considered an added advantage.

• No 3rd Division/Class or equivalent CGPA/GPA in any academic record is acceptable.

Negotiable/Competitive package based on qualifications and experience.