VACANCIES AT THE PADMA BANK LIMITED


Padma Bank Limited, a fourth-generation bank, inaugurated operations on January 29, 2019 with a new vision and view to become a trusted custodian of financial assets belonging to all valued clients in Bangladesh. The Bank has occupied a unique position through a first time ever collaboration in the banking industry that records the inclusion of 4- state-owned commercial banks i.e. Sonali Bank Limited, Janata Bank Limited, Agrani Bank Limited & Rupali Bank Limited and Investment Corporation of Bangladesh [ICB] as 68% stakeholders.

The bank is currently in the process of setting-up an Islamic banking window. To support this growth, the bank is looking for a head of Islamic Banking who will be responsible for the Islamic banking window.
Position: HEAD OF ISLAMIC BANKING

Job Purpose

To provide strategic leadership and Market positioning of Islamic Banking in enabling the team to operationally deliver on strategy and key performance priorities within the segment which supports overall Corporate, SME and Retail Markets strategic objectives by taking full responsibility for the strategy, profit and loss, operations and growth within the area.

Key Responsibilities – KPI’s

  • To develop, launch and manage the entire Islamic Assets and Liability Products for all corporate, SME and Retail banking segments developed around market needs, customer perceptions and banks requirements.
  • Reconfigure resources based on an assessment of resource gaps in the bank and market opportunities
  • Focus on value creation through the identification of customer opportunities with a high operating income to the bank and the anticipation of customer inflows and outflows
  • Assisting training department in conducting product training to all channels
  • Partner with key divisions/departments/units i.e., Operations, Marketing, communications, R&D, Risk , compliance, ICT, HR and legal teams in continuously reviewing the process
  • Coordinate and improve service delivery for the business unit (BU) and ensure maximum utilization of shared services
  • Maintain regular liaison with  Shariah Council
  • Establish industry relationships to help leverage Islamic Banking positioning within the Market
  • Develop strategic initiatives for Islamic Banking as agreed with the Management
  • Oversee the monitoring of the effectiveness and implementation of strategic initiatives to ensure delivery thereof and implement any corrective measures as and when required
  • Ensure the allocation of resources across the business to ensure that strategic and tactical plans are enabled at all times and provide direct reports with the guidance and coaching support
  • Continuously evaluate the external environment and assess the impact on the BU’s activities
  • Discuss any changes that may result in an overall strategic impact with the Management
  • Lead, direct and support the decisions with regards to the BU’s product development initiatives and distribution
  • Review balanced scorecard criteria and assign accountability in the team to measure performance of the business
  • Review exceptions identified in the scorecard
  • Develop corrective actions to bring performance back in line with expectations.
  • Perform people management functions, including but not limited to workforce and recruitment, demand planning, talent management, reward, recognition, etc
  • Review and update the division’s organization structure and role profiles regularly
  • Manage cost within approved budget
  • Ensure compliance to the Bank policies, legislation and regulations and that staff compliance training and attestations are in place

Desired Experience, Knowledge, Skills and Competencies

Preferred Requirements

  • Minimum Graduate / Degree Shariah Law / Certification in Islamic Banking from a recognized Institute
  • A Masters or an MBA degree will be of additional advantage
  • Minimum 12 years’ experience in Banking
  • Minimum 3 years prior experience in an Islamic Bank/Shari’ah compliance at a senior position
  • Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet

Knowledge

  • Strategic Management
  • Islamic Risk and Compliance Management
  • Extensive knowledge of Islamic Financing Structures and Concepts
  • Islamic Regulatory Framework of the country
  • Experience in product development and marketing
  • Sales

Skills and Competencies

  • Excellent leadership skills
  • Strong self-motivation, and drive
  • Working with people
  • Deciding and initiating action
  • Relating and networking
  • Presenting and communicating information
  • Analyzing
  • Delivering results and meeting customer expectations
  • Planning and organizing
  • Adapting and responding to change

Salary and Benefit Package: Competitive and attractive benefit package will be offered to deserving and suitable candidate. 

If you believe your career objectives match this challenging role, please send Resume with a recent photograph (soft/scanned copy), contact details and a duly signed cover letter to career@padmabankbd.com. Candidates may also send hard copies to G.P.O Box 6100, Gulshan-1, Dhaka.

Application Deadline: May 23, 2022

The candidate should mention the grade/rank applying for. He/she should mention the same in the subject line of the email.

The Bank is a platform for equal opportunity for the employees and welcomes applications from candidates irrespective of gender, caste, religion and ethnic background.

Only shortlisted applicants will be contacted.

Padma Bank Limited
Lotus Kamal Tower-2, 59-61, Gulshan South Avenue, Gulshan 1, Dhaka-1212
+88 02 9858066-70, +88 02 9858052