Head - Internal Control and Compliance at Mecer Consulting Limited

Job Code: HICC/01/IFT

Responsibilities

• Design, implement, and monitor a comprehensive internal control system.
• Establish policies and procedures to ensure compliance with regulatory requirements and internal policies.
• Ensure the bank adheres to all applicable laws, regulations, and standards.
• Monitor changes in regulatory requirements and update compliance programs accordingly.
• Coordinate with regulatory bodies and manage inspections and audit
• Identify and assess financial, operational, and compliance risks.
• Develop strategies to mitigate identified risks.
• Ensure the effectiveness of risk management procedures and frameworks.
• Oversee internal audits and ensure findings are addressed and corrective actions are implemented.
• Report to senior management and the board of directors on the effectiveness of the internal control system and compliance status.
• Ensure timely and accurate reporting of compliance-related issues.
• Conduct training programs for employees to enhance their understanding of compliance and internal control issues.
• Foster a culture of compliance within the organization.
• Implement and manage systems to detect and prevent fraud.
• Investigate any suspected fraudulent activities and take appropriate action.
• Coordinate with other departments to ensure integrated and cohesive compliance efforts.
• Serve as the primary point of contact for all compliance-related matters.

Professional Qualifications and Experience

• Bachelor's Degree in Finance, Accounting, Business Administration, Law, or a related field.
• At least 10 years experience in internal audit, compliance, risk management, or related fields within the banking or financial services industry.
• Master’s degree or MBA is added advantage.
• Professional Certifications is a must
• In-depth knowledge of banking regulations and compliance standards.
• Strong understanding of risk management principles and practices.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and interpersonal skills.
• Proven track record of implementing and managing internal control systems and compliance programs.
• Experience with regulatory inspections and interfacing with regulatory bodies.
• Thorough understanding of local and international banking regulations