Head of Internal Audit (VP/SVP)

Job Description

Title: Head of Internal Audit (VP/SVP)

Company Name: Uttara Finance and Investments Limited

Vacancy: 1

Job Location: Dhaka (Tejgaon)

Employment Status: Full-time

Educational Requirements:
∎ Fellow Chartered Accountant having eight years post qualification experience.
∎ Deploma/Certification course in Internal Auditing, Risk Management or similar field will be an added advantage; Sound knowledge on IT environment audit:
∎ Sound knowledge of Bangladesh Bank Rules and Circulars
∎ Extensive Knowledge of Audit Compliance

Experience Requirements:
∎ At least 10 year(s)

Job Context:
∎ The Head of Internal Audit will be reporting to the Audit and Risk Management Committee.
∎ Job Location : Tejgaon (Head Office), Dhaka

Job Responsibilities:
∎ Designing, alteration and upgradation of Internal Audit Manual and approval thereof by the board of the Company through 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 approval of ARMC.
∎ Supervision of internal audit including control system audit of the entity:
∎ 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; Suggesting areas of operations, implementations and decisions where preaudit is applicable to minimize regulatory risks, operating risks and credit risks.
∎ Conducting efficiency audit of all functional departments based on annual budget and KPls:
∎ Preparation of preset regulatory compliances with Bangladesh Bank, Bangladesh Securities and Exchange Commission, NBR and other regulartory 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, ommissions, frauds, nonperformances and noncompliances for placing to the management and board for decision making and corrective measures:
∎ Conducting branch audit on continuous basis and reporting thereof to ARMC:
∎ Ensuring regulatory compliances:
∎ Adopt and implement internal audit standards as per international standards:
∎ Suggesting precautionary measures in any particular case or in general to any or all departments or to the management regarding risk appetite of the organization:
∎ Recording and updating Business Risks, Compliance Risks, Credit Risks, Technology Risks, 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 at most 45 years
∎ Must having minimum 10 Years of experience in the Banks or NBFI or regulatory or multinational organizations preferably in a similar role.
∎ Excellent skillness and track record in presentation, report writing and control system designing.

Salary: Negotiable

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 16 Feb 2022

Company Information:
∎ 4 Feb 2022
∎ Uttara Finance and Investments Limited
∎ Address : Uttara Centre (4th Floor), 102 Shahid Tajuddin Ahmed Sharani, Tejgaon, Dhaka-1208

Category: Bank/Non-Bank Fin. Institution