Head of Regulatory Monitoring

Job Description

Title: Head of Regulatory Monitoring

Company Name: BRAC Bank PLC

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: --

Experience:

• 12 to 15 years
• The applicants should have experience in the following business area(s): Banks

• Bachelor/Honors

• 12 to 15 years
• The applicants should have experience in the following business area(s): Banks

• Masters/ Bachelor’s degree from a reputed university with a satisfactory academic track record.

• Minimum 12 to 15 years of experience with a minimum of 6 years in regulatory monitoring in the banking or financial services industry.

• Experience in conducting/ managing Audit, Monitoring, Regulatory Inspection, Specialization on Core-risk areas, anti-financial crime intelligence, financial analysis, identification of risk areas, identifying trends of systemic control lapses etc.

• Extensive experience in working in ICC Division including compliance, audit, monitoring in Bangladesh and/or other countries.

• Strong understanding of off-site supervision, investigation, and analysis of processes.

• A clear understanding of relevant laws, regulations and industry best practices.

• Self-propelled, proficient in customer-centricity, team player, and capability to meet deadlines.

BRAC Bank, a leading sustainable bank in Bangladesh, is committed to becoming the best bank in the country. It has pioneered SME Banking in Bangladesh and offers a comprehensive range of banking services to individuals and business entities. BRAC Bank stands out as a beacon of financial inclusion with solid financials, top credit ratings, and numerous accolades.

BRAC Bank is currently looking for an ambitious, intelligent, goal-oriented, and enthusiastic individual for the following position in its Internal Control and Compliance Division:

Head of Regulatory Monitoring

Grade: SVP-EVP

Key Responsibilities:

• Manage regulatory risk, coordinate with internal departments and external regulatory bodies, and ensure timely and accurate filings, certifications, and licensing.

• Design and implement comprehensive monitoring policies and procedures to assess compliance with current laws, regulations, and industry standards.

• Ensure all necessary licenses, permits, returns, filings, and certifications are processed, tracked, and updated according to regulatory timelines.

• Identify potential regulatory risks and non-compliance issues. investigate, address, and report any compliance breaches or concerns, establishing corrective action plans as needed.

• Serve as the principal point of contact for regulatory authorities, facilitating inspections, audits, and regulatory inquiries. Maintain strong relationships with regulators to keep abreast of regulatory changes.

• Oversee continuous monitoring systems to evaluate compliance status and effectiveness of regulatory controls. Provide regular reports and updates to senior management and the board on regulatory matters.

• Manage and develop the regulatory monitoring team, ensuring proper training, performance management, and efficient resource allocation.

• Collaborate with senior management to update and revise regulatory policies reflecting current legislation/regulatory directives, ensuring bank-wide awareness and adherence.

• Work closely with legal, compliance, quality assurance, operations, finance, and other departments to coordinate regulatory monitoring and compliance initiatives.

• Support preparation and response for regulatory inspections, audits, and examinations, ensuring all documentation and processes meet required standards.