The National Bank of Pakistan, known as “The Nation’s Bank,” is inviting applications for the position of Unit Head – Guarantees (AVP) in the area of Operations, based in Lahore.(NBP Jobs) This opportunity is part of the bank’s efforts to support financial growth and inclusive development across its network. The role seeks candidates with a minimum of five years of banking experience, preferably in trade operations or managing bank guarantees. Applicants must have at least a graduation degree from an HEC-recognized institution with preference given to those holding a master’s degree or relevant professional certifications.
The responsibilities for this role include managing and supervising all aspects of bank guarantees, including issuance, amendment, cancellation and related processes for local and foreign guarantees. Candidates are expected to maintain high standards of compliance with local regulatory requirements, international standards and anti-money laundering protocols. Strong communication and technical skills, including proficiency in MS Office and familiarity with banking policies such as URDG758, are essential for the position.
This is a contractual position with the possibility of renewal based on performance and management discretion. Shortlisted candidates meeting the eligibility criteria will be invited for a panel interview. Applications must be submitted online through the National Bank of Pakistan’s career portal within ten working days of the advertisement. The bank is an equal-opportunity employer, welcoming applications from all qualified individuals regardless of gender, religion or disability.
NBP Jobs Opportunity
| Field | Details |
|---|---|
| Date Posted / Updated: | November 24, 2024 |
| Category / Sector: | Banking / Private Sector |
| Newspaper: | Not Mentioned (Advertisement from the National Bank of Pakistan’s portal) |
| Education: | Graduation (Minimum), Master’s degree or relevant professional certifications preferred |
| Vacancy Location: | Lahore, Pakistan |
| Organization: | National Bank of Pakistan |
| Job Industry: | Banking / Operations |
| Job Type: | Full-Time, Contractual |
| Expected Last Date: | December 04, 2024 |
List of NBP Jobs
Unit Head – Guarantees (AVP)
NBP Jobs Eligibility Criteria
| Category | Details |
|---|---|
| Position Title: | Unit Head – Guarantees (AVP) |
| Reporting To: | Wing Head – Trade Finance |
| Education/Qualification: | – Minimum Graduation or equivalent from an HEC-recognized institution |
| – Master’s degree and/or relevant diploma/certifications will be preferred | |
| Experience: | – Minimum 5 years of banking experience in Trade Operations, preferably in managing bank guarantees |
| Other Skills/Expertise Required: | – Strong communication and interpersonal skills |
| – Proficiency in MS Office Suite (Outlook, Excel, Word, PowerPoint) | |
| – Effective processing skills (speed, accuracy and compliance) | |
| – Knowledge of URDG758, local regulatory and international policies | |
| – Familiarity with sanctions, Trade-Based Money Laundering (TBML) and compliance practices | |
| Responsibilities: | – Managing and supervising the issuance, amendment, cancellation and verification of guarantees |
| – Ensuring timely and accurate processing of transactions | |
| – Monitoring reporting, returns and maintaining compliance with regulatory requirements | |
| – Handling claims and ensuring alignment with local and international guarantee standards | |
| – Performing additional tasks as assigned by the supervisor | |
| Job Type: | Full-Time (Contractual, renewable based on performance) |
NBP Jobs Responsibility
| Job Responsibilities |
|---|
| Manage and supervise the entire workflow of guarantee issuance, amendment, renewal, cancellation and encashment. |
| Verify expired letters, oversee approvals and handle activities for both local and foreign guarantees. |
| Review all entries made in the system at the end of the day to ensure accuracy and compliance with branch requests. |
| Ensure all transactions are executed within the defined turnaround time (TAT) and as per Service Level Agreements (SLA). |
| Manage regulatory reporting, MIS packs, handling of guarantee claims and audit processes. |
| Maintain strong follow-up for claims/maturities in alignment with local regulations and international standards. |
| Balance all GLs (General Ledgers) relevant to guarantees and ensure reconciliation reports are accurate. |
| Perform any other assignments as instructed by the supervisor(s). |
About National Bank of Pakistan
The National Bank of Pakistan (NBP Jobs) stands as one of the leading financial institutions in the country, playing a pivotal role in supporting Pakistan’s economic growth and financial inclusion. With its extensive network of branches both locally and internationally, NBP is dedicated to enabling sustainable development and improving the socio-economic well-being of individuals and businesses. The bank’s commitment to innovation, customer-centric solutions and regulatory compliance has positioned it as a key player in the financial sector, contributing significantly to the nation’s financial stability.
NBP’s vision is to transform into a future-fit, agile and sustainable bank by adopting modern practices and ensuring inclusivity. The organization places a strong emphasis on maintaining ethical standards, fostering employee development and offering career opportunities that align with its mission. As an equal opportunity employer, NBP promotes diversity and encourages applications from individuals of all backgrounds, ensuring a progressive and inclusive workplace culture.
Contact Details for NBP Jobs
| Contact Details | Information |
|---|---|
| Website URL: | https://www.nbp.com.pk/ |
| You Can Also Apply: | Click Here |
| Address: | 47-C Shahrah-e-Quaid-e-Azam, Mozang Chungi, Lahore, Punjab |
How to Apply NBP Jobs?
- Visit the Official Website
Go to the National Bank of Pakistan’s career portal at https://www.nbp.com.pk/. This is where you’ll find the detailed job listing and the application form. - Prepare Your Documents
Ensure you have all the required documents ready, such as your updated resume, educational certificates and any relevant professional certifications. Make sure your information aligns with the eligibility criteria outlined in the job description. - Complete the Online Application
Provide accurate personal details, educational qualifications and professional experience. Double-check the information before submitting. - Submit Before the Deadline
Submit your application within December 04, 2024 from the advertisement date. Late submissions will not be entertained, so ensure you apply on time. - Wait for Shortlisting
Only shortlisted candidates who meet the eligibility criteria will be contacted for further steps, including panel interviews. Be prepared to showcase your skills and experience during the selection process.
FAQs
What is the eligibility criteria for the Unit Head Guarantees (AVP) position?
Candidates must have a minimum of five years of banking experience, preferably in trade operations or managing bank guarantees. A graduation degree from an HEC-recognized institution is mandatory, while a master’s degree or relevant certifications will be preferred.
Is this a permanent position?
No, this is a contractual position. However the contract may be renewed based on performance and the discretion of the management.
What skills are required for this role?
Candidates need strong communication and interpersonal skills, proficiency in MS Office (Outlook, Excel, Word, PowerPoint), knowledge of URDG758 and regulatory requirements and expertise in trade-based money laundering compliance.
Where is this job located?
The position is based in Lahore, Pakistan.
What is the last date to apply?
Applications must be submitted within December 04, 2024 from the advertisement date, which was published on November 24, 2024.
Will travel or accommodation allowances be provided for the interview process?
No the advertisement clearly states that no TA/DA (travel allowance/daily allowance) will be provided for the interview process.
Will only shortlisted candidates be contacted?
Yes, only candidates who strictly meet the eligibility criteria will be shortlisted and contacted for panel interviews.