Head - Internal Control and Compliance Division - SEVP

Job Description

Title: Head - Internal Control and Compliance Division - SEVP

Company Name: Modhumoti Bank PLC

Vacancy: 1

Age: Na

Job Location: Dhaka (Gulshan)

Salary: Negotiable

Experience:

• At least 15 years

• At least 15 years

• Strong analytical and Decision making skills with clear understanding of financial statement;

• Experience and adequate knowledge in Retail finance, Credit risk factors, policy and guidelines, industry and market dynamics;

• Well conversant with Bank Companies Act, Bangladesh Bank`s guidelines and circulars, Artha rin Adalat Act- 2003, Negotiable Instrument Act 1881 etc.

• Profound knowledge of General Banking & Credit, Foreign Exchange, AML etc. Ability to present IC&CD functions positively to the management & the board. Capable of critical thinking and analysis;

• Tenacity & ethics;

• Technology proficient (ability to learn new software);

• Effective planning and time management.

• Confirming compliance with policies, laws, rules and regulations directed by the regulatory bodies as well as with the company’s internal policies and procedures that support the Bank`s mission, values and standards of ethics and integrity;

• Updating policies, manuals, and other guidelines time to time in relation to the circulars issued by regulatory agencies maintaining the latest knowledge of laws;

• Monitoring of non-complied audit observations time to time and report to the Senior Management of the bank;

• Report to the Board if any findings namely conflict of interest, fraud or error and non-compliance of any regulatory laws;

• Providing guidance to Audit Committee of the Board, Senior Management, employees on compliance;

• Analyzing financial statements to ensure accuracy of financial recording and compliance with established accounting standards, procedures and internal controls;

• Performing follow-up reviews to assess adequacy of management actions in response to audit observations;

• Documenting audit findings and audit recommendations through written memos or audit reports that help to mitigate risk;

• Ascertain that the system of internal control promotes the efficient and effective use of resources;

• Overseeing the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction;

• Proactively inform to the Senior Management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention;

• Role as the key point person on all regulatory exams and other third-party audits;

• Any other work / responsibility as and when assigned by the Senior Management of the Bank.