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:
∎ FCA/FCMA/CA having minimum 10 years of post qualification experience for CA and 07 years for FCA/FCMA
∎ Diploma/ Certification course in Internal Auditing, Risk Management or similar field will be an added advantage;

Experience Requirements:
∎ At least 10 year(s)

Job Context:
∎ Uttara Finance and Investments Limited (UFIL), a leading joint venture non-bank financial institution (NBFI) licensed from Central bank, seeking applications from seasoned professionals to lead its Internal Audit and Compliance Division. Over three decades UFIL has been upholding its image and commitments by offering a standard portfolio of products and services to the financial market stakeholders.
∎ The Head of Internal Audit will be reporting to the Audit and Risk Management Committee.

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 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 pre audit is applicable to minimize regulatory risks, operating risks and credit risks.
∎ Conducting efficiency audit of all functional departments based on the annual budget and KPIs;
∎ Preparation of preset regulatory compliances with 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, ommissions, frauds, nonperformances and noncompliances 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 international standards;
∎ 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, 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
∎ Sound knowledge on IT environment audit;
∎ Sound knowledge of Bangladesh Bank Rules and Circulars
∎ Extensive Knowledge of Audit Compliance
∎ Must have minimum 10 years of post qualification experience for CA or 07 years of post qualification experience for the FCA/ FCMA in the Banks or NBFI or regulatory or multinational organizations preferably in a similar role.
∎ Excellent skills and track record in presentation, report writing and control system designing.

Salary: Negotiable

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 21 Mar 2022

Company Information:
∎ 7 Mar 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