Head of Internal Audit
Job Description
Title: Head of Internal Audit
Company Name: RMG Sustainability Council (RSC)
Vacancy: --
Location: Dhaka
Salary: Negotiable
Experience:
∎ At least 15 years
Published: 10 Mar 2024
Education:
∎ Master’s degree in accounting, Finance or Management
∎ ACA/ACCA/FCA/FCCA
∎ CIA Would be an added advantage.
∎ Master’s degree in accounting, Finance or Management
∎ ACA/ACCA/FCA/FCCA
∎ CIA Would be an added advantage.
Requirements:
Additional Requirements:
∎ At least 15+ years professional work experience in the internal audit function
∎ Proven experience as internal auditor
∎ In-depth knowledge of internal audit principles and best practices,
∎ Proficient in the use of MS Office
∎ An analytical mind with a strategic ability
∎ Excellent organisational and leadership skills
∎ Outstanding communication and interpersonal abilities
∎ Proficiency in English language
∎ Professionalism, discretion, and the ability to cope with stressful situations and tight timelines
∎ At least 15+ years professional work experience in the internal audit function
∎ Key Skills:
∎ Proven experience as internal auditor
∎ In-depth knowledge of internal audit principles and best practices,
∎ Proficient in the use of MS Office
∎ An analytical mind with a strategic ability
∎ Excellent organisational and leadership skills
∎ Outstanding communication and interpersonal abilities
∎ Proficiency in English language
∎ Professionalism, discretion, and the ability to cope with stressful situations and tight timelines
Responsibilities & Context:
∎ The Ready-Made-Garments (RMG) Sustainability Council (RSC) is an unprecedented initiative to ensure that garments exported from Bangladesh are produced in safe factories. The RSC carries forward the significant accomplishments made on workplace safety in Bangladesh following the Tazreen fire and Rana Plaza collapse incidents. The RSC conducts structural, electrical, fire, and boiler safety inspections of factories, supports and monitors remediation, conducts safety training and operates an independent safety & health complaints mechanism available to workers in RMG factories.
∎ The position of the Head Internal is part of the RSC’s senior management team and reports independently to the Board via the Executive Committee (with dotted line reporting to Managing Director). It is based in the RSC office in Dhaka. Working closely with MD, he will develop the strategy and priorities for internal audit.
∎ The role is responsible for driving internal compliances to standard operating procedures related to operational, compliance and financial matters. Objectively evaluating risks and developing recommendations to improve risk management, investigating fraud, analyzing and assessing processes and systems for efficiencies, doing checks regarding integrity in decision making and keeping control of compliance with applicable laws and regulations. It is expected to drive this independently in an unbiased review of a company’s internal systems, processes, and procedures. The role would be responsible for not only highlighting process gaps/ non-compliances but also work closely with respective teams watch over transitional process, workflow and improvement required areas working collaboratively.
∎ Identify key processes within the RSC to be covered as part of the scope of internal audit. These would typically cover operational, financial processes and other areas to identify risks to the business.
∎ Define how the internal audit would take place and get approval from the Executive Committee. Create necessary best practices, systems and resources required to undertake the same
∎ Create an internal audit calendar to ensure adequate coverage of the internal audit process
∎ Conduct the internal audit process as per the calendar approved (this may also at times involve engaging a third party internal auditor)
∎ Ensure timely completion of the internal audit and obtain all necessary information or data related to the checks and compliances required
∎ Work closely with HOD’s to ensure that they comply with the requirements of the internal audit
∎ Post completion of internal audit, create comprehensive internal audit report to be shared with the Board
∎ Highlight specific deviations and non-compliances to the Board which are of significant nature
∎ Agree on action plan to ensure the deviations/ non-compliances are minimized going forward
∎ Socialize and communicate the findings of the internal audit report and action plans arising thereof with MD, CSO and HOD’s
∎ Align on specific corrective actions to be taken and create a charter of ownership for those actions
∎ Monitor the progress closely and report back to the Board on periodic basis regarding the progress made
∎ Take the support of MD, CSO where required to expedite the action plans
∎ Communicate and interview strong, effective and targeted in the information-gathering phase
∎ Putting gained information together structurally and effectively messaging results to relevant management teams in a clear and concise manner
∎ Communicate clearly and straight forward to executive committee to support the Board of Directors in their control function
∎ Introduction:
∎ The Ready-Made-Garments (RMG) Sustainability Council (RSC) is an unprecedented initiative to ensure that garments exported from Bangladesh are produced in safe factories. The RSC carries forward the significant accomplishments made on workplace safety in Bangladesh following the Tazreen fire and Rana Plaza collapse incidents. The RSC conducts structural, electrical, fire, and boiler safety inspections of factories, supports and monitors remediation, conducts safety training and operates an independent safety & health complaints mechanism available to workers in RMG factories.
∎ Overall Job Purpose:
∎ The position of the Head Internal is part of the RSC’s senior management team and reports independently to the Board via the Executive Committee (with dotted line reporting to Managing Director). It is based in the RSC office in Dhaka. Working closely with MD, he will develop the strategy and priorities for internal audit.
∎ The role is responsible for driving internal compliances to standard operating procedures related to operational, compliance and financial matters. Objectively evaluating risks and developing recommendations to improve risk management, investigating fraud, analyzing and assessing processes and systems for efficiencies, doing checks regarding integrity in decision making and keeping control of compliance with applicable laws and regulations. It is expected to drive this independently in an unbiased review of a company’s internal systems, processes, and procedures. The role would be responsible for not only highlighting process gaps/ non-compliances but also work closely with respective teams watch over transitional process, workflow and improvement required areas working collaboratively.
∎ Duties and Responsibilities:
∎ Development of internal audit strategy and calendar
∎ Identify key processes within the RSC to be covered as part of the scope of internal audit. These would typically cover operational, financial processes and other areas to identify risks to the business.
∎ Define how the internal audit would take place and get approval from the Executive Committee. Create necessary best practices, systems and resources required to undertake the same
∎ Create an internal audit calendar to ensure adequate coverage of the internal audit process
∎ Conduct of internal audit
∎ Conduct the internal audit process as per the calendar approved (this may also at times involve engaging a third party internal auditor)
∎ Ensure timely completion of the internal audit and obtain all necessary information or data related to the checks and compliances required
∎ Work closely with HOD’s to ensure that they comply with the requirements of the internal audit
∎ Creation of internal audit report and action plan
∎ Post completion of internal audit, create comprehensive internal audit report to be shared with the Board
∎ Highlight specific deviations and non-compliances to the Board which are of significant nature
∎ Agree on action plan to ensure the deviations/ non-compliances are minimized going forward
∎ Support in corrective action
∎ Socialize and communicate the findings of the internal audit report and action plans arising thereof with MD, CSO and HOD’s
∎ Align on specific corrective actions to be taken and create a charter of ownership for those actions
∎ Monitor the progress closely and report back to the Board on periodic basis regarding the progress made
∎ Take the support of MD, CSO where required to expedite the action plans
∎ Clear Communication
∎ Communicate and interview strong, effective and targeted in the information-gathering phase
∎ Putting gained information together structurally and effectively messaging results to relevant management teams in a clear and concise manner
∎ Communicate clearly and straight forward to executive committee to support the Board of Directors in their control function
Employment Status: Full Time
Job Location: Dhaka
Company Information:
∎ RMG Sustainability Council (RSC)
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 9 Apr 2024
Category: Accounting/Finance
Source: bdjobs.com
Deadline Expired on 9th Apr 2024
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