Head of Audit

Job Description

Title: Head of Audit

Company Name: RDRS Bangladesh

Vacancy: 1

Age: at most 50 years

Location: Dhaka

Minimum Salary: Negotiable

Experience:
∎ At least 7 years
∎ The applicants should have experience in the following business area(s):NGO, Development Agency, Micro-Credit

Published: 22 Apr 2025

Education:
∎ CA Course complete with Master’s in Accounting/ Finance/ Business Administration
∎ Qualified CA/ FCA will be preferred.

Requirements:

Additional Requirements:
∎ Age at most 50 years
∎ Minimum 7 years of related experience with at least 5 years’ experience of leading the Internal Audit department of any national/ international NGO.
∎ At least 2 years of hands-on experience with any reputed audit firm.
∎ Experience in the auditing of the Microfinance Program
∎ Minimum 7 years of related experience with at least 5 years’ experience of leading the Internal Audit department of any national/ international NGO.
∎ At least 2 years of hands-on experience with any reputed audit firm.
∎ Experience in the auditing of the Microfinance Program

Responsibilities & Context:
∎ Develop annually a risk-based internal audit plan for Audit Committee review and approval. Oversee the implementation of the approved plan, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in RDRS' business risks, operations, programs, systems, and controls.
∎ Ensure methodical documentation of work plans, testing results, conclusions, and recommendations. Ensure follow-up on findings and corrective actions.
∎ Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
∎ Remain current on audit 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 or compliance with RDRS' policies and procedures, laws, and regulations, the efficiency of operations, and the accuracy of programmatic and financial reporting. Provide feedback and recommendations on organizational risks and improving operational efficiencies and processes where appropriate.
∎ Review the work of external auditors on select audits, as directed by the Audit Committee, to ensure the audit work remains within the prescribed guidelines.
∎ Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings.
∎ Update and Develop the Whistleblowing Policy and ensure implementation and adequately follow the policy.
∎ Recommend organization-wide training based on gaps identified to ensure adherence to RDRS' practices and policies. Stay abreast of emerging trends and successful practices in internal audits related to organizational funding and the non-profit sector more generally.
∎ Establish and assign departmental goals to team members and evaluate their performance.
∎ The Head of Audit is responsible for leading the Internal Audit Unit of RDRS Bangladesh and conducts risk-based audits and looks after the compliance and internal control issues following RDRS' internal audit manual and the professional standards for internal auditing promulgated by the Institute of Internal Auditors. This is a senior position with direct reporting link to the Finance & Audit Committee of the RDRS Board of Trustees with administrative oversight from the Executive Director.
∎ The Responsibilities include providing reasonable assurance on the effectiveness of the organization's risk management and the strength of internal controls. The position assesses organization-wide compliance with RDRS' internal policies and procedures, rules and regulations, contractual terms and conditions, Government of Bangladesh (GOB) assistance and acquisition regulations/requirements, the efficiency of operations, and accuracy of programmatic and financial reporting. The incumbent will be responsible for compliance management of Government roles related to income tax and VAT.
∎ Job Responsibilities
∎ Develop annually a risk-based internal audit plan for Audit Committee review and approval. Oversee the implementation of the approved plan, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in RDRS' business risks, operations, programs, systems, and controls.
∎ Ensure methodical documentation of work plans, testing results, conclusions, and recommendations. Ensure follow-up on findings and corrective actions.
∎ Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
∎ Remain current on audit 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 or compliance with RDRS' policies and procedures, laws, and regulations, the efficiency of operations, and the accuracy of programmatic and financial reporting. Provide feedback and recommendations on organizational risks and improving operational efficiencies and processes where appropriate.
∎ Review the work of external auditors on select audits, as directed by the Audit Committee, to ensure the audit work remains within the prescribed guidelines.
∎ Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings.
∎ Update and Develop the Whistleblowing Policy and ensure implementation and adequately follow the policy.
∎ Recommend organization-wide training based on gaps identified to ensure adherence to RDRS' practices and policies. Stay abreast of emerging trends and successful practices in internal audits related to organizational funding and the non-profit sector more generally.
∎ Establish and assign departmental goals to team members and evaluate their performance.

Skills & Expertise:

Compensation & Other Benefits:
∎ T/A, Mobile bill, Provident fund, Weekly 2 holidays, Gratuity
∎ Festival Bonus: 2
∎ Each Festival Bonus is equivalent to one-month basic salary.
∎ Each Festival Bonus is equivalent to one-month basic salary.

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka

Company Information:
∎ RDRS Bangladesh
∎ RDRS Bangladesh, House no.43, Road no. 10, Sector 6, Uttara, Dhaka
∎ RDRS Bangladesh is a national humanitarian and development organization works for rural development by empowering the rural poor in northwest Bangladesh. RDRS was formally established as the Bangladesh field program of the Geneva-based Lutheran World Federation/Department for World Service (LWF/DWS) on 8 February 1972. Its development aim is to achieve sustainable increases in their living standards. With this aim, RDRS enables those who participate in its program to gain the necessary skills, understanding, confidence, institutions and services; and ensure that the rural communities have the necessary economic, social and environmental resources. RDRS employees approximate 3,700 staff and works with a further approximately 1,000 volunteers and daily paid workers. The vast majority of staff are in field positions, with specialist sectoral and support units in Rangpur and Dhaka.

Address::
∎ RDRS Bangladesh, House no.43, Road no. 10, Sector 6, Uttara, Dhaka
∎ RDRS Bangladesh is a national humanitarian and development organization works for rural development by empowering the rural poor in northwest Bangladesh. RDRS was formally established as the Bangladesh field program of the Geneva-based Lutheran World Federation/Department for World Service (LWF/DWS) on 8 February 1972. Its development aim is to achieve sustainable increases in their living standards. With this aim, RDRS enables those who participate in its program to gain the necessary skills, understanding, confidence, institutions and services; and ensure that the rural communities have the necessary economic, social and environmental resources. RDRS employees approximate 3,700 staff and works with a further approximately 1,000 volunteers and daily paid workers. The vast majority of staff are in field positions, with specialist sectoral and support units in Rangpur and Dhaka.

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 5 May 2025

Category: Accounting/Finance