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How to Make a Successful Career in Banking?

Bank jobs Circular 2023 in Bangladesh

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Bank jobs Circular 2023 in Bangladesh : How to Make a Successful Career in Banking? Are you interested in building a banking career, or working in any banking sector and looking for a better new bank job? Then this interception will be helpful for you. We will discuss Bank, leasing jobs in Bangladesh, Bank jobs Circular 2023 in Bangladesh, bank job application, Bank jobs, recruitment process and facilities, bank job post name, bank job salary in Bangladesh, bank job qualification, career opportunities in banking sector. And finally I will attach the bank job application below the post so that you can easily find Bank jobs Circular 2023 in Bangladesh vacancies.

Bank jobs Circular 2023 in Bangladesh

A banking career can involve a variety of roles, such as customer service representative, loan officer, financial analyst, branch manager and investment banker. Responsibilities may include opening and managing customer accounts, approving loans, analyzing financial data and providing financial advice. A bachelor’s degree in finance, economics, or a related field, with relevant work experience, is often required for many banking roles. Some positions may also require additional certification or licensing.

Bank Recruitment process and facilities

The recruitment process for bank jobs can vary depending on the institution and the specific role. Generally, it involves submitting an online application and resume, followed by an interview process that may include one or more rounds of interviews. Some banks may also administer aptitude and skill tests as part of the recruitment process.

Once hired, employees in a banking career can expect to have a wide range of facilities and benefits such as

  • Competitive salary and benefits packages
  • Opportunities for professional development and advancement
  • A positive work-life balance
  • On-the-job training
  • Job security
  • Retirement plans, healthcare and insurance coverage
  • Bank’s own perks such as discounts on financial products and services.

It’s also worth noting that banks have a culture of strict compliance with laws and regulations, which means that employees must follow strict ethical guidelines and may be subject to background checks and fingerprinting.

Recruitment Process in Govt Bank

Fresh graduates are mainly recruited for three posts in government banks-

  • Supervisor
  • officer
  • Senior Officer

Also in some cases special people are appointed. For example, recruitment in IT (Information Technology), Accounting etc. branches. It is called ‘Special Recruitment’ in the language of banking. But such appointments are not usually given. Generally, people with expertise and experience in a particular field are appointed in this regard.

Recruitment process of private banks

Generally the recruitment process of private banks depends on the banks own (policies). There are some banks whose recruitment process is very similar, while there are some banks which have their own recruitment process.

Mainly from four entry points private banks recruit employees. These entry points are: Tailored Recruitment, General Banking Recruitment, Management Trainee Officer (M.T.O) or Probationary Officer (P.O) Recruitment, Lateral Recruitment.

Bank Job Qualification

The qualifications required for a bank job can vary depending on the specific role and level of responsibility. However, some common qualifications include:

  • A bachelor’s degree in finance, economics, business, or a related field.
  • Relevant work experience, such as internships or entry-level roles in banking or finance.
  • Strong communication and customer service skills, as well as the ability to work well in a team.
  • Strong mathematical and analytical skills, as well as proficiency in using financial software and spreadsheets.
  • Strong problem-solving skills and attention to detail.
  • Ability to work well under pressure and meet deadlines.
  • Knowledge of banking regulations, laws, and compliance procedures.
  • Ability to obtain any necessary certifications or licenses, such as a Series 7 or Series 63 license for certain financial roles.
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For management and leadership positions, additional qualifications may include a master’s degree in business administration (MBA) or a related field, and several years of experience in a leadership role in banking or finance.

It’s also worth noting that some banks may prefer to hire candidates with a specific set of qualifications or certifications such as Chartered Financial Analyst (CFA), Chartered Accountant (CA), or Certified Financial Planner (CFP) etc.

career opportunities in banking sector

There are a wide variety of career opportunities available in the banking sector, which can be broadly categorized into the following areas:

  • Retail banking: This area involves working directly with customers and providing them with various banking services such as opening accounts, issuing loans, and handling transactions. Retail banking roles include customer service representatives, tellers, personal bankers, and branch managers.
  • Corporate banking: This area involves working with businesses, organizations and governments and providing them with services such as loans, investment banking, trade finance, and cash management. Corporate banking roles include loan officers, relationship managers, and business development managers.
  • Investment banking: This area involves working with large institutions and providing them with services such as mergers and acquisitions, securities underwriting, and financial analysis. Investment banking roles include investment bankers, financial analysts, and traders.
  • Risk Management: This area involves assessing and managing the risk associated with various bank activities, such as lending, trading, and investment. Risk management roles include risk analysts, risk managers, and compliance officers.
  • Technology and Operations: This area involves working with the bank’s technology and operations infrastructure to ensure that the bank’s systems are secure and efficient. Technology and operations roles include IT professionals, system administrators, and operations specialists.
  • Compliance and Legal: This area involves ensuring that the bank is in compliance with all relevant laws, regulations, and ethical standards. Compliance and legal roles include compliance officers, legal counsels, and auditors.
  • Human Resources and Training: This area involves managing the bank’s staff, policies, and procedures and ensuring that the bank’s employees have the necessary training and resources to perform their jobs effectively. Human resources and training roles include HR managers, recruiters, and training specialists.

Bank Job Application

The process of applying for a bank job typically involves the following steps:

  • Research: Research different banks and the types of roles that are available. Look for open positions that match your qualifications and interests.
  • Create a resume and cover letter: Tailor your resume and cover letter to the specific bank and role that you are applying for. Highlight your relevant skills, qualifications, and experience.
  • Submit an online application: Many banks now use online application systems, which allow you to submit your resume, cover letter, and other required documents electronically. Be sure to fill out all required fields and upload all necessary documents.
  • Aptitude and skill test: Some banks may administer aptitude and skill tests as part of the recruitment process. These tests may include mathematical, logical reasoning, or verbal ability tests.
  • Interviews: If your application is selected, you may be called for one or more rounds of interviews. These interviews may be conducted in-person, over the phone, or via video conference.
  • Background check and fingerprinting: Some banks may conduct background checks and fingerprinting as part of the hiring process. This is to ensure that employees are compliant with relevant laws and regulations.
  • Job offer: If you are selected for the job, the bank will send you a job offer, which will include details such as salary, benefits, and start date.
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It’s important to note that the recruitment process for bank jobs can vary depending on the bank and the specific role. Some banks may have more rigorous or lengthy recruitment processes than others.

State-owned commercial banks (SOCBs)

There are 6 state-owned commercial banks (SOCBs) that are fully or majorly owned by the Government of Bangladesh.

  1. Agrani Bank Limited
  2. Bangladesh Development Bank
  3. BASIC Bank Limited
  4. Janata Bank Limited
  5. Rupali Bank Limited
  6. Sonali Bank Limited

Specialized banks (SDBs)

3 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh.[1]

  1. Bangladesh Krishi Bank
  2. Rajshahi Krishi Unnayan Bank
  3. Probashi Kallyan Bank

Private commercial banks (PCBs)

There is a total of 43 PCBs in operation right now. They are majorly owned by private entities and classified into two types.

Conventional PCBs
In total 33 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion i.e. interest-based operations.

  1. AB Bank Limited
  2. Bangladesh Commerce Bank Limited
  3. Bank Asia Limited
  4. Bengal Commercial Bank Limited
  5. BRAC Bank Limited
  6. Citizens Bank PLC
  7. City Bank Limited
  8. Community Bank Bangladesh Limited
  9. Dhaka Bank Limited
  10. Dutch-Bangla Bank Limited
  11. Eastern Bank Limited
  12. IFIC Bank Limited
  13. Jamuna Bank Limited
  14. Meghna Bank Limited
  15. Mercantile Bank Limited
  16. Midland Bank Limited
  17. Modhumoti Bank Limited
  18. Mutual Trust Bank Limited
  19. National Bank Limited
  20. National Credit & Commerce Bank Limited
  21. NRB Bank Limited
  22. NRB Commercial Bank Ltd
  23. One Bank Limited
  24. Padma Bank Limited
  25. Premier Bank Limited
  26. Prime Bank Limited
  27. Pubali Bank Limited
  28. Shimanto Bank Ltd
  29. Southeast Bank Limited
  30. South Bangla Agriculture and Commerce Bank Limited
  31. Trust Bank Limited
  32. United Commercial Bank Ltd
  33. Uttara Bank Limited

Islami Shariah Based PCBs

There are 10 Islami Shariah-based PCBs in Bangladesh and they execute banking activities according to Islami Shariah-based principles i.e. Profit-Loss Sharing (PLS) mode.

  1. Al-Arafah Islami Bank Limited
  2. EXIM Bank Limited
  3. First Security Islami Bank Limited
  4. Global Islamic Bank Ltd
  5. ICB Islamic Bank Limited
  6. Islami Bank Bangladesh Limited
  7. Shahjalal Islami Bank Limited
  8. Social Islami Bank Limited
  9. Union Bank Limited
  10. Standard Bank Limited

Foreign commercial banks (FCBs)

In total 9 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad.

  1. Bank Al-Falah Limited (Pakistan)
  2. Citibank N.A (United States of America)
  3. Commercial Bank of Ceylon PLC (Sri Lanka)
  4. Habib Bank Limited (Pakistan)
  5. HSBC (United Kingdom)
  6. National Bank of Pakistan (Pakistan)
  7. Standard Chartered Bank (United Kingdom)
  8. State Bank of India (India)
  9. Woori Bank (South Korea)

Non-scheduled banks

Non-scheduled banks are licensed only for specific functions and objectives, and do not offer the same range of services as scheduled banks. There are now 5 non-scheduled banks in Bangladesh.[1]

  1. Ansar VDP Unnayan Bank
  2. Grameen Bank
  3. Jubilee Bank
  4. Karmashangosthan Bank
  5. Palli Sanchay Bank

Non-bank financial institutions

Non-bank financial institutions (NBFIs), simply known as financial institutions (FIs), are those types of financial institutions which are regulated under Financial Institution Act, 1993 and controlled by Bangladesh Bank. Now, 34 FIs are operating in Bangladesh while the maiden one was established in 1981. Out of the total, two are fully government owned, one is the subsidiary of a SOCB, 15 were initiated by private domestic initiative and 15 were initiated by joint venture initiative.

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NBFI’s include:

References :wikipedia and Financial System.

Bank Job Additional facilities

In the case of bank jobs, there are some other benefits along with the basic salary. They are-

– Two ceremonial allowances per annum.
– Dividend bonus about two-three per year.
– Employee Loans, Computer Loans, Home Loans etc.

Again after retirement from a bank there are job opportunities in various projects, private companies, and other banks as well. State-owned and foreign banks also have branches in other countries. Depending on good performance you can get job opportunities in these foreign branches also. Salary increases based on experience and performance in bank jobs.

Apply for 197+ Bank Job Vacancies

Bank Career Successfull

There are several key factors that can contribute to a successful career in banking:

  1. Education and qualifications: Having a relevant degree in finance, economics, or a related field, along with relevant work experience, can help you qualify for many banking roles. Additionally, obtaining certifications or licenses, such as a Series 7 or Series 63 license, can also be beneficial.
  2. Strong analytical and problem-solving skills: Being able to analyze financial data and make sound decisions based on that data is a key skill in many banking roles. Strong problem-solving skills are also important in order to be able to navigate complex financial situations.
  3. Strong communication and interpersonal skills: Being able to communicate effectively with customers, colleagues, and other stakeholders is a key skill in many banking roles. Strong interpersonal skills are also important for building and maintaining relationships with clients.
  4. Self-motivation and drive: A successful career in banking often requires self-motivation and drive, as well as the ability to take initiative and take on new challenges.
  5. Adaptability: Banking sector is constantly evolving due to new technologies and regulations, being adaptable and able to learn quickly can help you stay ahead of the curve and be successful in your role.
  6. Networking: Building a strong network of contacts within the banking industry can help you gain insights into new opportunities and advance your career.
  7. Ethics and Compliance: Banks are heavily regulated, it’s important to be aware of the laws and regulations that govern the industry and to maintain the highest ethical standards in your work.

By developing these skills and qualities and staying current with industry trends, you can set yourself up for a successful career in banking.

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Source bdjobs.com
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