Posted Oct 29, 2024 1364 views
The Bank of Punjab is one of the fastest growing Banks in Pakistan with its profound existence of over 35 years. It operates through a network of 850+ real-time online branches and ATMs across the country. The Bank has established a strong foundation while offering premium banking services with major focus on unsurpassed value added services for its customers through advanced solutions.
In line with the Bank’s progression strategy, we invite applications from experienced, dedicated and performance-driven professionals for the following position(s) in our Specialized Functions (Operations Group). The following job profile offers excellent opportunity for the right candidates desirous of building a long term career in a dynamic organization:
Location: Karachi
Grade: VP-I/SVP
Major Responsibilities:
- Ensure timely and accurate settlement of Interbank deals and all the necessary accounting entries are passed in the system accurately
- Vetting of all FX Interbank Deals and accurate settlement of Inter Branch deals, derivatives.
- Ensure proper record keeping and settlement of maturities.
- Checking of Deal Confirmation and Payment Messages in swift and delivery to the swift Department. Uploading of swift messages in STP.
- Ensure Accurate Compilation of F.C. deposits and FC cash on hand position reported by the Branches.
- Transfer and receipt of Funds to maintain the Cash Reserve and Special Cash Reserve with State Bank of Pakistan, Karachi as directed by the Front Office.
- Transfer of Funds to ACU Dollar Account of Our Bank through State Bank of Pakistan, Karachi as directed by the Front Office.
- Payment of our client to ACU Dollar Vostro Accounts of Foreign Banks with other local Banks through State Bank of Pakistan, Karachi.
- Transfer and Receipt of Funds to USD Clearing Account
- Compilation of FCY Unclaimed Deposit Statement and Transfer of funds to State Bank of Pakistan, Karachi
- Prepare and Report “Utilization of FE-25 Deposit” and Break-up of FE-25 Deposit to State Bank of Pakistan, Karachi
- Prepare and report FE-25 Deposit Utilization for FCTRS and send to SBP Reporting Cell.
- Prepare the currency wise Net open position and Exchange Position.
- Ensure that all the Rates given by the Front Office (inter branch deals) to the branches are reported and taken into accounts by the Treasury Operations.
- Preparation of Income and Expenditure Report
- Minimize objections and compliance of objections raised by External Internal and SBP Auditors.
- Manage Islamic Banking Forex Transactions, Cash Reserve, Deposits and service charges etc. and manual Reports.
- Swift LSO/RSO responsibilities as assign by GH-Ops.
- Authorize Data upload in Flex cube and mark day end.
Eligibility Criteria:
- Qualification: Minimum Bachelor’s Degree from a HEC-recognized University/ Foreign University.
- Experience: Minimum 09 Years of experience in Treasury Forex Operations, SBP policies & procedures, relevant to banking policies & procedures.
- Age: Up to 55 Years as of Nov 13, 2024.
Important Note:
- Only shortlisted candidates shall be called for interview. No TA/DA will be admissible.
- The Bank of Punjab reserves the right to accept or reject any application(s) without assigning any reason(s) thereof.
- The Bank is an equal-opportunity employer. Females and minorities are encouraged to apply.
- The above position(s) carry market-based competitive remuneration.
- Individuals fulfilling the above-mentioned criteria are encouraged to apply online through the BOP career portal bop.rozee.pk Latest by Nov 13, 2024.
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Job Details
The Bank of Punjab (BOP)
The Bank of Punjab was established in 1989 under The Bank of Punjab Act, 1989 passed by Provincial Assembly of the Punjab, as a non-scheduled Commercial Bank with majority shareholding of Government of the Punjab. The Bank earned the status of a scheduled Commercial Bank in 1994 and currently carries a vast network of over 620 online branches, strategically located across the Country along with an ATM network of over 550 offering 24/7 banking services to its diverse clientele of over 2 million. Since its inception, the BOP has seen many ups and downs and has also successfully weathered the waves of economic volatility, recessions and stiff market competition over the years. Current strong network base coupled with solid capital structure and phenomenal financial results posted during last few years has transformed the Bank to one of a leading financial institution of the Country. Now, the Bank standouts among peer group as a robust and rapidly growing commercial Bank. Besides offering a range of products and services to meet the modern days’ banking requirements of its clients, the Bank has also established its footprint in the areas of consumer financing, agriculture credit, corporate & investment banking, cash management and alternative delivery channels. While achieving the objective of financial inclusion through its presence in remote and unbanked areas of the Country with HarFardKaKhayal the Bank is playing its due role in the economic growth of the Country through its various specially tailored and designed products and services.
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