Head of Internal Control & Compliance Division (EVP – SEVP)

Job Description

Title: Head of Internal Control & Compliance Division (EVP – SEVP)

Company Name: Al-Arafah Islami Bank PLC

Vacancy: 01

Age: At most 55 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 20 years
• The applicants should have experience in the following business area(s): Banks

• Masters

• At least 20 years
• The applicants should have experience in the following business area(s): Banks

• Age At most 55 years

• Post Graduation in Accounting, Finance, Banking, Business Administration, or a related field from a reputed university from any UGC approved local or reputable foreign universities with no third class or equivalent in any certification.

• Professional certifications such as CA, CIA, CISA, ACCA, CFA, CMA or CAMS will be preferred.

• Minimum 20 years banking experience out of which 12 years in conducting audit and inspection in any reputed commercial bank. However, the length of service may be relaxed in case of highly qualified candidates. Candidates having Shariah Based Banking experience will be given preference.

• Sound knowledge and compliance regarding different types of Circulars of Bangladesh Bank and other Regulatory bodies, AML/CFT regulations and compliance of the circulars/instructions accordingly.

• Strong leadership, analytical, and communication skills.

• ⁠Age should not be more than 55 years as at the time of application.

• Lead the Internal Control & Compliance Division in aligning with Bangladesh Bank’s Core Risk Management Guidelines and other regulatory instructions.

• Develop and implement comprehensive security strategies, policies and procedures aligned with industry best practices and regulatory requirements.

• Develop and implement a robust internal control framework to mitigate operational, compliance, and reputational risks.

• Ensure timely and accurate reporting to Bangladesh Bank and other regulatory bodies.

• Oversee the design and execution of risk-based internal control reviews across all branches, divisions and departments and conduct risk-based audits and prepare reports for the Board Audit Committee and the Board of Directors.

• Monitor compliance with Shariah principles, internal policies, and applicable laws and regulations.

• Coordinate with internal and external auditors and ensure prompt resolution of audit findings.

• Lead the development and implementation of compliance training programs for bank employees.

• Serve as the focal point for regulatory inspections and ensure proactive compliance management.