Head of Monitoring (AVP-FVP), Internal Control & Compliance Division

Job Description

Title: Head of Monitoring (AVP-FVP), Internal Control & Compliance Division

Company Name: Modhumoti Bank PLC

Vacancy: 01

Age: At least 25 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 10 years
• The applicants should have experience in the following business area(s): Banks

• Bachelor/Honors

• At least 10 years
• The applicants should have experience in the following business area(s): Banks

• Age At least 25 years

• Fresh Candidates do not need to apply.

• Candidates having break of service do not need to apply.

• Must have good expertise on Microsoft Office (i.e. MS Word, MS Excel) as well as experience of handling corebanking system and related business intelligence.

• Unquestioned commitment to integrity and ethical decision-making.

• Monitor compliance with Bangladesh Bank regulations, Bank Company Act, internal policies, and other regulatory requirements across all Branches, Sub-Branches, and Divisions.

• Monitor timely resolution of observations raised by Bangladesh Bank, Internal Audit, External Audit, Risk-Based Supervision (RBS), and other regulatory inspections.

• Review daily, weekly, monthly, and quarterly compliance reports to identify irregularities, operational risks, and non-compliance issues, and recommend corrective actions.

• Continuously monitor operational and compliance risks and recommend preventive measures to strengthen the Bank's internal control environment.

• Ensure timely preparation and submission of monitoring reports, compliance status reports, and Management Information System (MIS) reports to Senior Management and regulatory authorities.

• Monitor the operational performance and compliance status of Branches and Sub-Branches and recommend corrective measures to improve compliance and operational efficiency.

• Ensure proper implementation of Bangladesh Bank circulars, internal policies, and compliance instructions throughout the Bank.

• Prepare periodic monitoring reports highlighting key findings, compliance status, overdue observations, and risk areas for Senior Management, ManCom, Audit Committee, and the Board of Directors.

• Coordinate with Branches, Divisions, Internal Audit, Risk Management, and other stakeholders to ensure timely resolution of compliance and monitoring issues.

• Lead and supervise the Monitoring Unit by ensuring effective planning, performance management, staff development, and continuous improvement of monitoring activities.

• Use MIS, data analytics, and software to remotely monitor transactions, identify patterns, and detect red flags.

• Review periodic reports, returns, and statements to check compliance and identify lapses.

• Oversee the development, updating, and validation of key control tools by collaborating with all business units to identify critical processes and risks, ensuring the tools remain risk-based, comprehensive, and aligned with the Bank’s evolving risk profile

As per Bank’s Policy