Deputy Director - Internal Audit & Compliance

Job Description

Title: Deputy Director - Internal Audit & Compliance

Company Name: UCEP Bangladesh

Vacancy: 01

Job Location: Dhaka

Employment Status: Full-time, Contractual

Educational Requirements:
∎ Minimum Masters degree in Accounting/ Finance including CA course completed. Preference will be given to partly qualified candidates

Experience Requirements:
∎ At least 10 year(s)

Job Responsibilities:
∎ Strategic (30%)
∎ Contribute to implementing UCEP Bangladesh's values, vision, mission and goals, and development of future strategy documents as needed.
∎ Lead Internal Audit department's change initiative by implementing action plans related to risk assessment, audit execution, audit reporting, relevant staff recruiting and development, audit technology and Finance & Accounts Committee (FAC) reporting.
∎ Lead Internal Audit department's to develop planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the organization.
∎ Proactively inform supervisor or any other top body as required and requested about of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
∎ Issue opinions on the organization's internal control systems/mechanisms using different tools.
∎ Meet regularly with the FAC to report about the status of Internal Audit's ongoing monitoring activities, inform the committee of emerging risks and/or exposures (whether internal or external to UCEP Bangladesh and its entities that should be considered, and serve as a "thought leader" with respect to risk management and internal control best practices.
∎ Perform Internal controls assessments of UCEP Bangladesh and its entities and lead efforts to mitigate identified control deficiencies;
∎ Oversee Internal Audit's participation in critical business and technology initiatives and projects ensuring that audit's perspective is effectively voiced and appropriate controls are designed and implemented on a proactive basis.
∎ Maintain audit technology platform leveraging support from the information systems group as needed.
∎ Coordinate the activities of external auditors including how best to leverage the work performed and results produced from Internal Audit's work.
∎ Plan and oversee audit operations across the entire organization to assess controls, operational efficiencies and compliance with all relevant policies, procedures and regulations.
∎ Respond to ad hoc requests to address control issues on new business processes, policies and procedures, and provide consultative services to management.
∎ Act as an objective source of guidance and advice for teams within the organization and its entities to make sure that developments and processes are legal and work towards achieving collective and stated goals.
∎ Operational: (55%)
∎ Perform Internal controls assessments relating to UCEP Bangladesh and its entities and lead efforts to mitigate identified control deficiencies.
∎ Prepare and make sure that actions are implemented/administered as per annual audit plan in an accurate manner.
∎ Conduct audit exit conferences and suggest means of overcoming deficiencies and non-compliances.
∎ Draft and issue audit reports to concerned individuals/departments/bodies etc. by ensuring that the reports are clear, concise, identify root causes with practical solutions, and ultimately provide value to the management.
∎ Maintain a comprehensive system for recording all audit plans, work papers, findings, reports, and follow-up audits.
∎ Undertake necessary measures so that all reports, information are duly recorded, documented for further usages.
∎ Oversee the execution of individual audits defined in the audit plan ensuring that the highest level of service quality, professionalism and client satisfaction is maintained.
∎ Conduct special audits and issue results as required and requested.
∎ Recommend revisions and/or additions to policies and procedures in order to improve operations as well as internal controls.
∎ Assist to develop checklists relating to different operational aspects like procurement so that overall operations of the organization are more sound and smooth.
∎ Perform analysis of certain issues like price/cost determination for the organization or its entities as required and/or requested by the management.
∎ Manage the process to track, follow-up, and ultimately close (e.g. write-off) all open audit issues as necessary with the knowledge and approval of the competent authority.
∎ Actively participate in relevant meetings/sessions to ensure that Internal Audit team is well-informed of key business developments that could have an impact on audit priorities and/or plans.
∎ Ensure periodic inspection of all cost centers to verify that the physical presence of equipment, material tally with inventories and these are used/ distributed to cost centers according to rules and practices.
∎ Coordinate with the FAC of UCEP Bangladesh, share reports with FAC, follow-up the FAC's guidance and properly document FAC's proceedings.
∎ Assist in reviewing UCEP Bangladesh's systems for internal control and recommend improvements based on internal and external audit findings.
∎ Develop and maintain risk-register of the organization and carry out risk-based audits.
∎ Promote and contribute to ongoing efforts towards gender equity & equality, child/staff protection & safeguard, inclusiveness, accessibility and discrimination free environment in the workplace and operations/activities/plans. In applicable cases, ensure that necessary budget allocation is there and in KPIs these issues are reflected regarding employees under supervision.
∎ Maintain strict confidentiality of information, documents and other internal and external communications.
∎ Provide all necessary supports relating to budget formulation and implementation activities of the organization.
∎ Undertake initiatives as required and requested by the management from time to time.
∎ People management: (15%)
∎ Ensure that Internal Audit team members are performing their duties and responsibilities in accordance with the established professional standards & ethics and remain abreast of emerging trends and best practices that can be incorporated into the function.
∎ Explore and undertake necessary measures to arrange training & development initiatives for team members under supervision from internal/external sources.
∎ Provide necessary guidance and capacity building support to direct and indirect supervisees.
∎ Assist to attract, hire, and retain a team of high-performing audit professionals who possess outstanding knowledge, experience, ethics, and integrity.
∎ Develop team capacity both at HO and field level through intensive supervision, mentoring and training.
∎ Ensure supervision and performance evaluation of employees under supervision.
∎ Ensure systematic and effective delegation and decentralization of tasks.

Additional Requirements:
∎ Age at most 50 years
∎ Both males and females are allowed to apply
∎ Minimum 10 years of relevant professional experience including at least 05 years in managerial role in auditing in a large organization.
∎ Prior experience of working in prominent working setting will be added advantage.
∎ Excellent command of communication skills both in Bangla and English.
∎ Duly oriented with ERP and other accounting related latest software and tools etc.
∎ Self-motivated, adaptable and team player.
∎ Ability and willingness to travel frequently.
∎ Knowledge of Generally Accepted national and international Auditing Standards.
∎ Knowledge of Accounting and Finance Principles and Practices.
∎ Knowledge of a variety of reporting procedures, regulations and law by maintaining standard quality and deadline.
∎ In depth knowledge in VAT and Tax issues.
∎ Planning and Time Management
∎ Effective Human Relations skills
∎ Critical Thinking and Analysis
∎ Technology Proficient (excel, word, Visio, ability to learn new software)
∎ Age limit for the applicant would be 50 years. Management has the right to make exceptions based on qualifications.

Salary: Negotiable

Application Deadline: September 15, 2019

Company Information:
∎ UCEP Bangladesh
∎ Address : Plot No 2 & 3, Mirpur-2, Dhaka - 1216
∎ Business : UCEP Bangladesh is a non-profit and non-government organization working with the motto “help to learn, skills to earn”! It serves children and youth and its programme includes second chance education, Technical Vocational Education and Training (TVET), support for job placement and advocacy for ensuring increased employability and Decent Work. UCEP Bangladesh has special focus on inclusion therefore, gives priority to the underprivileged. At present, UCEP Bangladesh works in 10 districts of the country. To learn more, please visit www.ucepbd.org.

Category: Accounting/Finance