Head of Global Remittance & FI Partnerships

Mashreq NEO CORP; Pakistan; On-site; PKR 4,000,000 - 10,000,000; Full time

Job summary

Mashreq NEO CORP is seeking a Head of Remittance & FI to lead cross-border remittance strategy, manage FI partnerships, and scale the NRP and RDA initiatives. You will oversee KYC, risk and P&L ownership, negotiating with international counterparties and optimizing remittance channels. The role requires strong regulatory knowledge and senior stakeholder management in a fast-paced banking environment.

Qualifications

• 10+ years in FI and remittance functions within banking.
• Bachelor's degree minimum; master's preferred in Finance.
• Knowledge of FE regulations and financial markets.
• Strong interpersonal and analytical skills.

Responsibilities

• Lead and manage the remittance business by developing and implementing strategies to enhance remittance business and expand corridors.
• Establish and maintain strong relationships with central bank, local and international financial institutions.
• Manage KYC for onboarding new FI relationships to expand the bank’s network and opportunities.
• P&L and budget ownership – own remittances P&L, annual budget, cost model and margin targets.
• Define and execute business plan strategy for remittance corridors and channels; expand distribution and partnerships.
• Support the growth of the Roshan Digital Account (RDA) and Non-Resident Pakistan (NRP) business through partnerships with overseas banks, exchange houses, fintechs and remittance providers.
• Liaise with correspondent banks, exchange houses and remittance service providers for payments related queries.
• Manage Vostro and Nostro account relationships and agency arrangements.
• Coordinate with legal teams to negotiate documents with counterparty banks (ISDA, Musharakah, Wakalah, etc.)
• Coordinate periodic credit reviews and limit renewals for FI counterparties.
• Identify cross-selling opportunities across Treasury, Trade, Remittance and Islamic Banking.
• Engage with fintechs, exchange companies and remittance partners to build relationships.
• Liaise with IT/Digital teams for remittance platform integration.
• Coordinate with Treasury to maintain FX pricing and maximize remittance flows.
• Coordinate with Compliance to ensure regulatory adherence and monitoring.

Skills

Remittance strategy

Partnership development

Regulatory & risk management

Stakeholder management

Education

Bachelor's degree in Finance or related field

Master's degree in Finance or related field

Job description

Mashreq NEO CORP is seeking a Head of Remittance & FI to lead cross-border remittance strategy, manage FI partnerships, and scale the NRP and RDA initiatives. You will oversee KYC, risk and P&L ownership, negotiating with international counterparties and optimizing remittance channels. The role requires strong regulatory knowledge and senior stakeholder management in a fast-paced banking environment.