Head of Internal Audit & Compliance
Job Description
Title: Head of Internal Audit & Compliance
Company Name: Meghna Insurance Company Limited
Vacancy: 01
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ Master of Commerce (MCom)
∎ CA partly qualified will be an added advantage.
∎ Diploma/ Certification course in Internal Auditing, Risk Management or similar field will be an added advantage;
∎ Preferred Professional Certification: Internal Audit,Risk Management
Experience Requirements:
∎ At most 12 year(s)
∎ The applicants should have experience in the following area(s):
Audit, Insurance, Internal Audit
Job Context:
∎ Meghna Insurance Company Ltd. seeking applications from professional candidates to lead its Internal Audit and Compliance Department.
∎ Head of Internal Audit is a Regulatory post.
∎ The Head of Internal Audit will be reporting to the Audit Committee of the Board.
Job Responsibilities:
∎ Designing, alteration and upgrading of Internal Audit Manual and approval thereof by the board of the Company through the proper recommendation of Audit and Risk Management Committee (ARMC);
∎ Designing and implementing internal control system and standard operating procedure (SOP) for all functional departments of the organization;
∎ Preparation and implementation of Annual Audit Plan (AAP) subject to the approval of ARMC.
∎ Supervision of internal audit team including control system.
∎ Finalization of internal audit report and submission thereof to the ARMC and/board;
∎ Suggesting corrective measures in case of deviations in the control system, SOP and substantive areas;
∎ Conducting efficiency audit of all functional departments based on the annual budget and KPIs;
∎ Preparation of preset regulatory compliances with IDRA, Bangladesh Bank, Bangladesh Securities and Exchange Commission, NBR and other regulatory authorities and agencies and ensuring compliance thereof by the respective
∎ departments through reporting;
∎ Ensuring value for money through substantive audit procedure;
∎ Reporting, recording, summarizing and analyzing errors, omissions, frauds, non-performances and non-compliances for placing to the management and board for decision making and corrective measures;
∎ Conducting branch audit continuously and reporting thereof to ARMC;
∎ Ensuring regulatory compliances;
∎ Adopt and implement internal audit standards as per IFRS and ISA;
∎ Suggesting precautionary measures in any particular case or in general to any or all departments or the management regarding risk appetite of the organization;
∎ Recording and updating Business Risks, Compliance Risks, Credit Risks, Technology Risks and Reputation Risks etc.
∎ Preparation & submission of statement as per the requirements of the Board/ Audit Committee/ Management.
∎ Perform other tasks as assigned by the Board/Audit Committee/ Management.
Additional Requirements:
∎ Age 40 to 45 years
∎ Both males and females are allowed to apply
∎ Sound knowledge on IT environment audit;
∎ Sound knowledge of Insurance Act Rules and all Circulars of IDRA.
∎ Extensive Knowledge of Audit & Compliance of listed companies.
∎ Excellent skills and track record in presentation, report writing and control system designing.
∎
Salary: Negotiable
Compensation & Other Benefits:
∎ As per company policy
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 16 Apr 2022
Company Information:
∎ 31 Mar 2022
∎ Meghna Insurance Company Limited
Category: Accounting/Finance
:
Source: bdjobs.com
Deadline Expired on 16th Apr 2022
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