Head of Correspondent Banking

Modhumoti Bank PLC

Modhumoti Bank PLC

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Summary

• Vacancy: 01
• Location: Dhaka
• Maximum Salary: Negotiable
• Experience: At least 3 years
• Published: 8 Jul 2024

Requirements

Education

• Bachelor/Honors

Experience

• At least 3 years
• The applicants should have experience in the following business area(s):
  Banks

Responsibilities & Context

• Corresponding with different local & foreign banks to establish RMA, Nostro A/C, extension of Credit line & other issues as instructed by the Head of Division.
• Initiate office note and obtaining approval of the Management for signing the agreement, schedule of charges and/or other terms & conditions with the correspondents for opening Nostro Accounts with them.
• Ensuring and following-up collection of Credit Reports from the D&B and other credit rating agencies for Branches as well as ensuring central database of credit reports.
• Ensuring and following-up collection and payment of Credit Report of credit rating agencies for Branches.
• Follow up and monitoring of Exchanging and updating business documents, AML questionnaires (Wolfsburg Questionnaire CBBDQ V1.4, US Patriot Act Certification, W-8BEN- E certificate with local and foreign correspondents.
• Ensuring daily fund requisitions/ payment of the branches through Nostro accounts and submission it to treasury front office.
• Ensuring AML/KYC documents of the Bank to the correspondent Banks as well as completing AML/KYC documents of the correspondent Banks.
• Corresponding with other Banks and/or our Branches for recovery of overdue receivable and/or payables.
• Ensuring issuance of departmental information circulars as well as circulars of Bangladesh Bank to the Branches and the respective Divisions of Head Office.
• Solving any issues with the correspondent Bank since raised by the branches or divisions of the Bank.
• Ensuring record keeping and circulation of signature booklet of own Bank and other banks.
• Ensuring circulation of lost instruments of own Bank and other Banks.
• Ensuring compliance/Reply of all sorts of audits (Internal, External).
• Any other responsibilities assigned by the Head of International Division.

Skills & Expertise

Foreign Trade

Workplace

Work at office

Employment Status

Full Time

Job Location

Dhaka

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