Head of Internal Control & Compliance

Job Description

Title: Head of Internal Control & Compliance

Company Name: Uttara Finance and Investments Limited

Vacancy: --

Age: At most 45 years

Job Location: Dhaka (Tejgaon)

Salary: Negotiable

Experience:

• At least 5 years
• The applicants should have experience in the following business area(s): Leasing

Qualified Chartered Accountant with Masters in Accounting / Finance will get preference.

• At least 5 years
• The applicants should have experience in the following business area(s): Leasing

• Age At most 45 years

• At least 5 years of working experience as Head of Internal Audit / ICC in a reputed NBFI/Bank.

• Knowledge: Corporate Governance; project management and relationship with Management & audit

• Internal Audit Standards and Professional Practices Framework

• Best Practices in Internal auditing; audit tools, methodologies, techniques

• Enterprise Risk Management & compliance.

• Ability to process market survey report and review right process of purchase

• IAS, BAS, IFRS/ BFRS, Laws & Regulations such as Tax, VAT, Company Law etc.

• Experience in internal audits, external audits & Finance operation knowledge/ exposure

• Functional Area: Finance & Account

Uttara Finance and Investments Limited, a joint venture leasing and financing company, registered as a nonbanking financial institution in the year 1995 with license from Bangladesh Bank to operate and transact all kinds of business as provided under the relevant laws. UFIL upholds its commitment towards the development of financial service sector by offering high quality services to the local entrepreneurs. With its continuous drive to improve, UFIL is well on track to be considered as one of the leading Financial Institutions of the country.

Job Responsibility:

• Develop annually a risk-based internal audit plan for Audit Committee review and approval. Oversee the implementation of the approved plan, and adjust the plan as needed in response to changes in FI’s business risks, operations, programs, systems and controls. Keep MD & CEO and Audit Committee apprised of any changes needed to the internal audit plan.

• Comply with the guidelines of Bangladesh Bank in performing the entire activities of the Internal Control and Compliance Department (ICCD).

• Ensure compliance of all regulatory requirements of Bangladesh Bank and BSEC. Ensure follow up on findings and corrective actions.

• Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.

• Remain updated on audit and compliance matters of Bangladesh Bank regulatory oversight trends and develop a risk-based approach incorporated into the annual audit plan.

• Perform organization-wide risk assessments to identify significant risks or exposure related to internal controls & compliance with FI’s policies and procedures, laws & regulations and Bangladesh Bank regulatory requirements, efficiency of operations, and accuracy of programmatic and financial reporting.

• Provide feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.

• Direct the work of external auditors on select audits, as directed by the Audit Committee and MD & CEO to ensure the audit work remains within the prescribed guidelines.

• Coordinate and assist the Audit Committee in delivering their responsibilities and participate in quarterly or more frequent Audit Committee meetings.

• Stay abreast of emerging trends and successful practices in ICC.

• Establish and assign departmental goals to team members and evaluate their performance.

• Responsible for coaching, mentoring, and developing career paths for direct reports.

Salary: As per Company Policy