Head of Concurrent Audit (FAVP/AVP)

Job Description

Title: Head of Concurrent Audit (FAVP/AVP)

Company Name: A reputed Private Commercial Bank

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 4 years
• The applicants should have experience in the following business area(s): Banks

• Master of Commerce (MCom) in Accounting

• Master’s Degree in Accounting/Finance/Management/Economics/Business or any other subject from any reputed University with no third division in academic records.

• Candidates with CA (CC) / CMA (Partly qualified) will be given preference

• At least 4 years
• The applicants should have experience in the following business area(s): Banks

• Minimum 4 (Four) to 10 (Ten) years’ of total experience in reputed commercial bank or financial institutions, including at least 2 years of practical experience in internal audit, concurrent audit or internal control functions.

• Knowledge, Competencies and Skills:

• Strong knowledge of banking operations, regulatory guidelines, and internal control frameworks.

• Proven leadership and decision-making ability to manage and oversee concurrent audit activities.

• Excellent analytical and risk-assessment skills to identify control gaps and operational risks.

• Effective communication and reporting skills.

• Job Location: Head Office, Dhaka

Position: Head of Concurrent Audit (FAVP/AVP)

Job Grade: FAVP/AVP

Key Job Responsibilities:

• Carry out the concurrent audit, pre-audit and spot/surprise audit on financial transactions/activities of the bank as per policy of the bank in this regard;

• Review the credit discrepancies/deferral status against Credit/Investment as per LDCL/ IDCL and prepare summary report accordingly for submitting to ACB through Management on Quarterly basis.

• Review Loan/Investment Approval Process of Corporate (5%) /SME (5%) based on 10% approved credits or the percentage decided by competent authority in respect of compliance with the CRM/IRM policy, internal circulars, terms and conditions in this regard and prevailing regulations on monthly basis and report to the Management on quarterly basis.

• Review whether the Internal Credit Risk Rating System (ICRRS) is functioning as per the instructions laid down in the guidelines on monthly basis.

• Review the Treasury Functions in an appropriate manner on a day-to-day basis Verifying the completeness of overall procedures/documentations include checking for adherence to various limits, compliance requirements, statutory management etc. Treasury Back Office activities to be reviewed quarterly.

• Review the activity of Special Asset Management Division on rescheduled & restructured loan A/C(s) to find out whether the loans are reschedule & restructure as per Bangladesh Bank Guideline and the Bank`s policy on quarterly basis.

• Review of ICC Guideline (Concurrent Audit Part)

• Surprise checking on various issues as required by Management from time to time.

• Any other job as required by the Management.