Head of Internal Control & Compliance Division

Job Description

Title: Head of Internal Control & Compliance Division

Company Name: Trust Bank Ltd.

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: --

Experience:

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

• Bachelor/Honors

Additional certifications like CAMS, CFCS, ACCA, CFA, CA, CIMA, CMA, or CISA are preferred.

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

• Minimum 20 years of banking experience in any commercial bank out of which 5 years in Compliance functions including AML/CFT functions.

• Build and manage a skilled IC&C team, promoting professional growth, and establishing a culture of accountability and continuous improvement.

• Set clear goals and performance metrics for the IC&C team, fostering a collaborative environment that encourages proactive risk management.

• Maintain thorough documentation of all IC&C activities, including regulatory correspondence, risk assessments, and audit responses.

• Overseeing the entire ICC division, ensuring compliance with core risk and comprehensive risk management guidelines set by the Bangladesh Bank.

• Maintaining knowledge of laws and regulatory guidelines, ensuring the bank complies with all relevant regulations, including anti-money laundering (AML) and Know Your Customer (KYC) policies.

• Implementing measures to prevent fraud and reduce risks, evaluating change requests in banking applications according to local regulatory guidelines.

• Should be responsible for total administration of Internal Control and Compliance (ICC) Division of the bank.

• Prepare and submit regular compliance and risk management reports for the Audit.

• Maintains knowledge of the laws and regulatory guidelines by which the bank is required to comply.

• Implementation of the bank`s anti-money laundering / KYC policy.

• Follow-up on the resolutions of audit findings.

• Issues relating to the Risk, Legal & Compliance and other control related activities to be addressed.

• Ensure adequate and effective internal control system and assist the Management in formulating pertinent policies and operational procedure of the company.

• Recommend security measures to prevent fraudulence and risk-reduction solution.

• Evaluating Change request in Banking Applications as per local regulatory Guidelines.

• As per directives, to prepare the report and give presentation before the EC and Board.

• To oversee whether bank is following regulatory guidelines internal policies & procedures set by BOD