Vice President – Institutional Banking

Job RoleVice President – Institutional Banking leads the Institutional Banking Function with the objective of creating new partnerships and strengthening existing relationships with Financial Institutions and Remittance Partners. The role also involves identifying opportunities in overseas markets through representative offices to drive inward remittances, achieve revenue targets, and ensure optimum exchange gains. Further, the role ensures alignment with relevant laws, regulations, and standards, as well as the Bank’s business objectives and mission.Duties & ResponsibilitiesFollowing are the key areas of the duties and responsibilities for Vice President – Institutional Banking. Formal JD covering all areas will be shared with successful applicants.Functional Strategy and Planning:Oversee and create Institutional Banking business strategy & create a roadmap to ensure adherence to overall objectives, goalsOversee end to end execution / implementation of business plans in line with the overall objectives of the business unitCollaborate with leadership to identify new initiatives/ projects and develop operational plans that meet these future demandsPolicies, Processes and Governance: Implement approved policies, processes, procedures and monitor their adherence so that work is carried out in a controlled mannerIdentify opportunities for continuous improvement of policies, processes and procedures taking into account leading practices, improvement of business processes, cost reduction and productivity improvementMonitor day-to-day activities to ensure compliance with stipulated policies and proceduresFinancial InstitutionsIdentify and develop new relationships while building and nurturing the existing relationships with Financial Institutions to broaden the scope and footprint of the Institutional Banking functionConduct thorough due diligence and financial reviews into financial institutions to provide credit facilities to eligible institutions in line with the risk guidelines of the bankIdentify and evaluate opportunities to collaborate with financial institutions to identify product synergies in line with the strategic and business priorities of HNBExchange HousesManaging exchange house partners and develop strategic partnerships with non-banking financial companies NBFC's to facilitate increased inward remittances into Sri Lanka through HNBOversee and manage relationships with exchange house partners to optimize service delivery and client satisfactionIdentify and evaluate potential markets for expansion with expat population through targeted marketing and service initiatives to offer banking services to aid the bank’s inward remittancesRisk and Internal ControlFacilitate the timely and accurate preparation and submission of regulatory and internal management/board reports, ensuring the provision of comprehensive and reliable information for informed decision-making and regulatory complianceMaintain thorough compliance with central bank regulations and other regulatory requirements, ensuring all Institutional Banking activities adhere to the highest standards of legal and regulatory complianceManage operational risk and proactively address any potential audit issues in the concerned area to ensure compliance and minimize operational disruptionsPeople ManagementPromote the organization's culture across the team to ensure its alignment with the required and desired behaviorsInstill a culture of continuous development and performance within the functionLead by example by encouraging teamwork, driving results and excellence, developing and grooming talent and demonstrating role modelling behaviorPreferred Educational QualificationsA Bachelor’s Degree from a recognized University in Finance, Accounting, Banking, Economics or related field.A Master’s Degree from a recognized University in Finance, Accounting, Banking, Economics or a professional qualification such as CFA, FRM, CIMA or relevant field.Relevant Experience A minimum of 14 years’ experience, with 12 years of managerial experience including Relationship Management, Trade Operations and Treasury, preferably in the Banking or Finance IndustryCompetenciesStakeholder EngagementInstitutional Relationship ManagementStrategic Business DevelopmentCross-Border Banking, Payments & RemittancesFinancial Institution Credit Analysis & Risk AssessmentRegulatory Compliance, KYC & Financial Crime Risk ManagementGlobal Economic and Financial Market UnderstandingFinancial Reporting & Documentation