Head of Audit & Compliance

Job Description

Title: Head of Audit & Compliance

Company Name: Akij Takaful Life Insurance PLC

Vacancy: 01

Age: 35 to 45 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• 10 to 15 years
• The applicants should have experience in the following business area(s): Insurance

• Masters

• Candidates should be at least partly qualified (Intermediate/Level) in CA, CIA, ACCA, or CISA. Preference will be given to those pursuing or holding recognized professional audit certifications.

• Training in risk management, corporate governance, compliance auditing, or forensic auditing will be considered an asset.

• Familiarity with IDRA regulations or takaful-based insurance practices will be an added advantage.

• 10 to 15 years
• The applicants should have experience in the following business area(s): Insurance

• Age 35 to 45 years

Audit Strategy & Leadership:

• Develop and implement the annual risk-based audit plan approved by the Audit Committee.

• Lead, mentor, and develop the internal audit team to ensure high performance and technical competence.

• Maintain independence and objectivity while fostering collaborative relationships with senior management.

Audit Execution & Reporting:

• Oversee end-to-end audit cycles (planning, fieldwork, reporting, follow-up) for all functional areas (underwriting, claims, finance, investments, operations, IT, compliance, and Shariah compliance).

• Present audit findings, recommendations, and action plans to the Audit Committee, CEO, and senior management.

• Monitor remediation of audit issues and validate corrective actions.

Risk Management & Compliance:

• Assess the adequacy and effectiveness of internal controls, risk management, and governance processes.

• Ensure compliance with insurance regulations (IDRA), financial laws (Bangladesh Bank), Shariah principles, and company policies.

• Advise management on emerging risks (e.g., cybersecurity, fraud, regulatory changes) and mitigation strategies.

Stakeholder Engagement:

• Serve as the primary liaison between internal audit, the Audit Committee, the CEO, regulators, and external auditors.

• Promote a culture of integrity, accountability, and continuous improvement.

Functional Development:

• Enhance audit methodologies using data analytics, automation, and best practices.

• Review and update the Internal Audit Charter, policies, and procedures annually.

• Weekly Holiday 2 Days

• Mobile Bill

• Festival Bonus- 2

• Earn Leave Encashment