Experience
- 10 to 15 years
- The applicants should have experience in the following business area(s): Banks, Financial Technology (Fintech) Startup, Group of Companies, Insurance, Multinational Companies, Telecommunication
Education
- Masters
Professional qualifications such as CA, ACCA, CMA, CIA, or CISA will be an advantage; the final mandatory criteria should reflect the approved recruitment requirements.
Requirements
- 10 to 15 years
- The applicants should have experience in the following business area(s): Banks, Financial Technology (Fintech) Startup, Group of Companies, Insurance, Multinational Companies, Telecommunication
Skills Required
Additional Requirements
- Age 35 to 50 years
Internal audit planning, execution, reporting, and follow-up.
Knowledge of Bangladesh insurance regulations and regulatory compliance requirements.
Financial auditing, internal controls, risk assessment, and fraud investigation.
Understanding of life insurance operations, including underwriting, claims, premium collection, and policy servicing.
IT audit, data analysis, and information security controls.
Proficiency in Microsoft Excel, PowerPoint, and relevant audit or insurance systems.
Proven experience in risk-based auditing, internal control assessment, regulatory compliance, audit reporting, and investigation management.
Experience in presenting findings to senior management or Board committees and coordinating with regulators or external auditors is desirable.
Responsibilities & Context
Job Purpose: To lead the company's internal audit and compliance functions by ensuring effective internal controls, regulatory compliance, risk mitigation, and sound corporate governance. The role provides independent assurance to the Board and Management, identifies operational and financial irregularities, and recommends improvements to safeguard company assets, protect policyholder interests, and promote transparency and accountability.
Key Job Responsibilities:
A. Internal Audit & Assurance
Develop and implement a risk-based annual audit plan covering all significant business functions, branches, and operational processes.
Evaluate internal controls, financial transactions, operational efficiency, and compliance with approved policies, procedures, and delegated authorities.
Prepare audit reports highlighting findings, risk implications, root causes, and corrective action plans.
B. Regulatory Compliance & Corporate Governance
Ensure monitoring of compliance with applicable insurance laws, IDRA regulations, circulars, directives, and other relevant statutory requirements.
Review adherence to internal policies, SOPs, governance requirements, and Board-approved decisions within the scope of the role.
C. Life Insurance Operations Audit
Review controls over policy issuance, underwriting, premium collection, claims settlement, policy servicing, surrender, maturity, and reinsurance-related processes.
Identify operational irregularities, potential mis-selling, unauthorized transactions, and weaknesses affecting customer protection.
D. Financial Audit & Internal Controls
Review financial reporting, accounting records, bank reconciliations, expenditure, procurement, payroll, and payment processes.
Assess the adequacy of authorization controls, segregation of duties, asset management, and financial transaction monitoring.
Identify financial irregularities, potential revenue leakage, unauthorized expenditure, and misuse of company resources.
E. Risk Management & Fraud Investigation
Identify key operational, financial, regulatory, technology, fraud, and reputational risks and assess the adequacy of related controls.
Conduct or coordinate authorized investigations into suspected fraud, financial irregularities, misconduct, and policy violations.
Maintain appropriate documentation and confidentiality and ensure material findings are escalated through established governance channels.
F. IT Audit & Information Security
Review IT general controls, user access, system authorization, change management, backup, and disaster recovery arrangements.
Assess the integrity, confidentiality, and accuracy of data maintained in core insurance systems and other critical applications.
G. Audit Planning, Reporting & Committee Support
Prepare the annual audit plan, audit calendar, resource requirements, and periodic compliance review schedule.
Present audit findings, significant risks, compliance exceptions, and remediation status to the Board Audit Committee and authorized stakeholders.
Job Other Benifits
- Mobile bill,Weekly 2 holidays,Performance bonus,Insurance,Gratuity,T/A
- Lunch Facilities: Partially Subsidize
- Salary Review: Yearly
- Festival Bonus: 2