Head of Internal Audit (HolA)

Mercantile Bank PLC., is a leading private commercial bank in Bangladesh, committed to sustainable growth, financial excellence, strong corporate governance and customer-centric banking services.We invite applications from the experienced and ethical banking professionals for the position of Head of Internal Audit (HolA). The successful candidate will lead the Bank's independent Internal Audit Function under Bangladesh Bank's Guidelines on Internal Control Management System in Banks and related policies of the Bank.The role gives independent assurance to the Board of Directors on the Bank's governance, risk management and internal control process.Job Grade: Depending on qualifications & experiences.Key Responsibilities

• Lead the Internal Audit Function: On-Site Audit (regular, specialized/vigilance, FX, IS (IT) and concurrent audit), Off-Site Surveillance (virtual/ICT-based and document-based audit) and the QAIP unit.
• Prepare a Risk-Based Audit Plan (RBAP) covering the full audit universe (branches, units, business lines, processes, IT systems, Shariah governance, agents, outsourced activities and subsidiaries).
• Shall have knowledge on risk assessment considering inherent risk, control effectiveness, regulatory priorities and emerging risks (e.g. cyber, fraud, third-party, ESG etc.).
• Run the Quality Assurance and Improvement Program (QAIP) including periodic internal assessments and an external assessment/review at least once every five years.
• Submit an annual assurance report to the Board of Directors through the ACB regarding the adequacy and effectiveness of the Bank's governance, risk management and internal control environment.
• Oversee the concurrent audit team and data-analytics as well as technology-enabled continuous auditing, including Shariah audit coverage.
• Confirm closure of critical and high-risk audit findings, and coordinate with Compliance on the settlement of audit and Bangladesh Bank inspection observations.
• Build the audit team's capability in banking, professional and IT skills and maintain liaison with the ACB, external auditors, Bangladesh Bank and other regulators on audit matters.

Experience Requirement

• Minimum 15 years of banking experience, out of which at least 05 years in internal audit, compliance, risk management or inspection with senior-level leadership experience.

Key Competencies:

• Hands-on experience in the use of data analytics and technology for continuous auditing and monitoring.
• Thorough knowledge of the Bank Company Act, 1991, Bangladesh Bank circulars and guidelines including
• RBS and ICMS, AML/CFT regulations, the Global Internal Audit Standards and audit risk assessment.
• Working knowledge of trade finance, credit, treasury, digital banking and IT/cyber audit.

• Master's Degree preferably in Finance/Accounting/Economics or MBM or any related discipline from a recognized university.
• CA, ACCA, CMA, CFA or partly qualified in any of these professional qualifications will be preferred.
• Professional certifications such as CIA, CISA will be an added advantage.

• At least 15 years

Competitive and negotiable compensation package commensurate with experience and qualifications.