Deputy General Manager, Regulatory Affairs and Compliance; Microfinance Programme

Job Description

Title: Deputy General Manager, Regulatory Affairs and Compliance; Microfinance Programme

Company Name: BRAC

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: --

Experience:

• At least 10 years

• Masters degree in any discipline

• At least 10 years

• In-depth understanding of Microcredit Regulatory Authority (MRA) guidelines, microfinance laws, and compliance standards.

• Comprehensive knowledge of microfinance products, processes, and operational models.

• Familiarity with policy development, regulatory negotiation, and sector-level advocacy practices.

• Knowledge of compliance risk identification, mitigation strategies, and internal control systems.

• Understanding of regulatory reporting requirements and audit processes.

• Ability to anticipate regulatory trends and align compliance strategies with organizational goals.

• Strong capability to interpret complex regulatory circulars and assess implications for operations.

• Excellent skills in engaging with regulators, influencing policy, and articulating institutional positions.

• Proficiency in managing compliance projects, timelines, and cross-functional coordination.

• Ability to resolve regulatory challenges promptly and effectively under pressure.

• Demonstrated ability to lead regulatory engagement and drive organizational alignment.

• Competence in making informed, timely decisions in a dynamic regulatory environment.

• Strong capability to build and maintain relationships with regulatory bodies and internal teams.

• High ethical standards and commitment to compliance excellence.

• Ability to manage change and maintain operational flexibility while ensuring compliance.

• Minimum 10 years of experience in Microfinance Sector. Strong understanding of the development sector and regulatory authorities. International work experience will be given preference.

Microcredit Regulatory Authority (MRA) certificate number- 00488-00186-00065

BRAC is an international development organisation founded in Bangladesh that partners with over 100 million people living with inequality and poverty globally to create sustainable opportunities to realise potential.

BRAC Microfinance provides people who cannot access traditional financial banking services with access to a suite of financial services, including loans, savings and microinsurance. We provide an alternative to high-interest loans from informal lenders, supporting families to invest in income-generating activities, build assets, and reduce vulnerability to health shocks and natural disasters. Passionate about finance beyond formal banking systems? Join the BRAC Microfinance team to help build a more financially-inclusive society, where everyone can access finance when they need it - safely, responsibly and sustainably.

Working at brac is not like any other job. It is a platform where you can bring about real change for people who need it the most. We are not just dreaming of a better world, we are building it. Join us to find the way.

Job Purpose: The Deputy General Manager, Regulatory Affairs and Compliance – Microfinance Programme is responsible for steering BRAC’s regulatory engagement and compliance strategy to ensure full adherence to Microcredit Regulatory Authority (MRA) requirements and alignment with sector best practices. This leadership role drives institutional credibility by ensuring timely and accurate regulatory reporting, strengthening compliance frameworks, and influencing policy dialogues to maintain BRAC’s microfinance position as a sector leader. The incumbent will proactively identify and mitigate compliance risks, optimize operational processes, and facilitate innovation through regulatory approvals for new products and strategic initiatives, thereby enabling sustainable growth and reinforcing BRAC’s reputation for excellence in microfinance.

Key Responsibilities

Strategical:

• Steer BRAC Microfinance’s regulatory engagement strategy with the Microcredit Regulatory Authority (MRA), ensuring clarity, timeliness, and institutional alignment.
• Analyze regulatory circulars and guidelines, provide strategic counsel to programme leadership, and arrange policy responses that advance organizational objectives.
• Uphold a forward-looking perspective on microfinance regulations, competitor compliance strategies, and emerging risks to inform proactive decision-making.
• Facilitate policy dialogues, strengthen BRAC’s sector positioning, and lead external communications with MRA and other regulatory stakeholders.
• Spearhead internal compliance readiness by directing policy enhancements, system improvements, and capacity-building initiatives for Microfinance teams.

Operational:

• Oversee timely and accurate submission of all MRA-mandated reports, returns, and documentation through cross-functional collaboration with MIS, Finance, Legal & Compliance, and Operations.
• Maintain strategic engagement with MRA officials and represent BRAC Microfinance in high-level meetings, seminars, workshops, and consultations.
• Establish and manage a comprehensive compliance calendar encompassing reporting, audits, renewals, and approval processes.
• Safeguard institutional memory by maintaining robust documentation, correspondence logs, and secure archives of all regulatory communications.
• Coordinate internal responses to MRA queries, inspection findings, and compliance follow-up actions with precision and accountability.
• Lead regulatory assessments and secure approvals for new products, branch expansions, pilot projects, and operational modifications.

SAFEGUARDING RESPONSIBILITIES

• Ensure the safety of team members from any harm, abuse, neglect, harassment, and exploitation to achieve the programme’s goals on safeguarding implementation. Act as a key source of support, guidance, and expertise on safeguarding for establishing a safe working environment.
• Practice, promote and endorse the issues of safeguarding policy among team members and ensure the implementation of safeguarding standards in every course of action.
• Follow the safeguarding reporting procedure in case any reportable incident takes place, encourage others to do so.

Festival Bonus, Contributory Provident Fund, Gratuity, Performance Bonus, Health and Life Insurance, Maternity/ Paternity Leave, Wellness Centre Facility, Day Care Facility, and others as per policy.