Head of Internal Audit

Job Description

Title: Head of Internal Audit

Company Name: Capital Market Stabilization Fund (CMSF)

Vacancy: 01

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Master's degree in Accounting/Finance
∎ Professional Qualifications such as CA/CMA will be added as an advantage.

Experience Requirements:
∎ At least 10 year(s)

Job Context:
∎ CMSF is looking for `Head of Internal Audit` in the position of Manager/Assistant General Manager (AGM)
∎ Capital Market Stabilization Fund (CMSF) has been established by the Bangladesh Securities and Exchange Commission (BSEC) under the BSEC (Capital Market Stabilization Fund) Rules, 2021. As per the Rule, CMSF acts as a custodian of cash and stocks in favor of the investors as received by transferring unclaimed and undistributed cash or stock dividend, non-refunded public subscription money, and un-allotted rights shares from the issuer of listed securities.
∎ The CMSF is looking for a well-disciplined, smart, energetic, self-motivated, dynamic, and experienced Head of Internal Audit with a very good educational background and high standard communication skills.
∎ Workplace: CMSF Management office, Dhaka

Job Responsibilities:
∎ To act as the Supervisor of the Internal Audit Team under the direct supervision of the AAMC and overall guidance of the Chairman and the BOG.
∎ Develop an Internal Control Framework (ICF) for CMSF.
∎ Develop internal audit plan and charter for CMSF
∎ Review all expenses of the Fund before payment
∎ Review the Fund balance (cash/stock and Investors' Claim Settlements) and report to the BOG Audit Committee
∎ Manages performance of audit assignments, review work papers and audit reports
∎ Assessing the risk of the Fund and finding ways to mitigate those risks.
∎ Setting out the priorities and deciding where to carry out more detailed work, must focus on the areas where it considers risks to be higher. Make a risk-based decision as to which areas within its scope should be included in the audit plan. Must have the flexibility to deal with unplanned events to allow Internal Audit to prioritize emerging risks.
∎ Focus on significant control weaknesses and breakdowns together with a robust root-cause analysis.
∎ Preparing regularly proper Internal Audit reports identifying owners, accountabilities and timescales for each management action
∎ Contribute to process improvement, change management
∎ Develop and implement pre-audit mechanism based on risk assessment within the Fund
∎ Coordinates and interacts with audit firms performing external audits of CMSF's financial statements
∎ Participates in development, implementation and maintenance of policies, objectives, short and long-range planning, develops and implements projects and programs to assist in accomplishment of established goals.
∎ Administratively report to the Chief of Operation of the Fund
∎ Regularly interact with relevant Stakeholders/Community of Practice (COP) and build mutually beneficial partnership
∎ Any other function as instructed by Audit and Accounts Management Committee (AAMC), Chairman and the BOG.

Additional Requirements:
∎ 10 years' experience in relevant fields.
∎ Working experience in Capital Market area will be added as an advantage.
∎ Age 30 to 45 years
∎ Skills Required: Excellent communication skills and proficiency in Microsoft 365 (Word, Excel, PowerPoint, Outlook, etc.)
∎ Excellent written and verbal communication skills (English & Bangla)
∎ Outstanding organizational and time management skills
∎ Able to work under pressure and maintain strict deadlines.
∎ Proactive approach to problem-solving
∎ Ability to multi-task
∎ Maintain utmost confidentiality

Salary:
∎ Attractive Salary packages

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 31 Jul 2022

Company Information:
∎ 17 Jul 2022
∎ Capital Market Stabilization Fund (CMSF)

Category: Accounting/Finance

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