The Head of Internal Control & Compliance Department (ICCD)

Job Description

Title: The Head of Internal Control & Compliance Department (ICCD)

Company Name: Uttara Finance and Investments Limited

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

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

• Masters

• Masters in Finance/Accounting/Management or BBA & MBA in Accounting/Finance or any other business-related subjects having no third division/class from recognized public or private university.

• Professional Qualification (CA/CMA) will be added advantage.

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

• Minimum 10 years’ experience in Banks/ Financial Institutions service having 3 years as the Head of ICCD.

• Knowledge: corporate governance, project management and relationship with Management & Audit Committee.

• Internal Audit Standards and Professional Practices Framework.

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

• 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 Board Audit Committee and Senior Management apprised of any changes needed to the internal audit plan.

• Ensure compliance of all regulatory requirements of Bangladesh Bank and BSEC.

• 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 and information technology where appropriate.

• Analyzing financial statements to ensure accuracy of financial recording and compliance with established accounting standards, procedures and internal controls.

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

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