BRAC Bank Limited, a pioneer in SME Banking, delivers a full array of banking services to individuals as well as business entities. Our financial results along with the best credit rating and multiple best financial report awards speak of our aspiration, transparency, and teamwork towards the objectives of becoming the best bank in the country. While we thrive in present, we invest simultaneously for the future – upgraded core banking system in Finacle 10, first local bank to roll out Oracle ERP, process alignment with best practices, and many more. However, this feat of providing a comprehensive range of solutions to its millions of customers would not be possible without our diversified business model and an unmatched network of 187 Branches, 373 ATMs, 456 SME Unit Offices, 11 Regional Operations Office, 500+ Agent Banking outlets and 224 remittance delivery points.

To support its continuous business growth, BRAC Bank is currently looking for ambitious, smart, goal-oriented, enthusiastic individuals for the following position in the Risk Management Division.

Senior Manager, Regulatory Compliance Risk Management:  Risk Management Division

Employment Type: Full Time Employment (Permanent Position)
Job Location: Dhaka


  • Assist Supervisor in preparing Annual Country Compliance Plan: Assist line manager in preparing, obtaining approval, and completing an annual compliance risk management plan, following regulatory and board requirements. Identification of the jurisdictional requirements, accountabilities, and the process ownership and monitoring and testing ownership, as well as the determination of suitable staffing, hours required, and secured budget to achieve the state of compliance within risk appetite will be set out in the plan, which will be reviewed quarterly with the jurisdictional bank's risk framework, any applicable legal entity, as well as where required by applicable regulatory agencies. The annual country compliance plan must take into consideration the applicable compliance risk assessments and MCAs appropriate to the jurisdiction and its activities.
  • Compliance Reporting: Preparing compliance reporting (frequency is subject to agreement) following the approved format and in adherence to all established requirements for the bank’s requirement (for the board, SMT). The compliance report will be presented to the appropriate risk committee ERMC, BRMC and Board or Board Audit Committee, or other such Board committee required within the jurisdiction.
  • Enhancing Governance: Providing a valued interactive program of support and compliance risk management services covering the assessment and reporting of Key Compliance Risks across products, services, functions, legal entities, service centers, and the jurisdiction as a whole. Providing stakeholders with insight and practical solutions as well as credible challenges to improve the ethical control culture, and conduct risk environment. Timely reporting of significant local regulatory issues to SMT and appropriate Risk Committees.
  • Stakeholder Support and Relationships: Maintaining relationship with, Board, SMT, and other key stakeholders like Head of Audit, Head of Governance, Head of Monitoring, Head of Regulatory Reporting, Head of Account Services, Credit Card Ops, Trade Ops, Payments, BMs, BOMs, Business Unit Compliance Officer. 
  • Business Compliance Partnership: Proactively anticipate and help the business and functions plan for changes in the compliance and regulatory environment in the country. Provide support to compliance programs and country/business management on policy interpretation and “gray area” exposures. Build and maintain strong relationships with other functional leads, including Legal, CRM, including Operational Risk Management, and Internal Audit to create a supportive and seamless compliance and ethical control culture and an appropriate conduct risk environment. 
  • Regulatory Management and Coordination: Supporting the Head of Regulatory Compliance Risk Management in the management and development of regulatory relationships. Coordinating as the key interface with regulators on compliance risk management issues and supervisory exam management matters. Providing leadership, coordination, and regular interaction with the regulatory authorities on behalf of the bank. Record regulator correspondence and minutes of regulator meetings on bank register/system in line with Process Standards. Ensuring prompt recording of, responses to, and escalation of regulatory queries, notices of violations and breaches, any forbearance, and concerns identified. Deliver to regulators and supervisors a valued interactive program of support and assurance per requirements and appropriate expectations on compliance issues, trends, themes, root causes, and impacts relating to governance, regulatory risk management, and internal control issues. The overall objective is to earn the regulator’s trust and to establish a strong, independent, and professional regulatory relationship across the franchise. 
  • Regulatory Inventory: Ensuring prompt identification, logging in, evaluation, and formulation of a plan to address requirements arising from new and amended laws, regulations, rules, and other requirements and expectations from regulatory and enforcement authorities. 
  • Regulatory Change Management and Controls: Ensuring that the regulatory change management requirements and processes, along with the regulatory control framework for existing requirements, are effectively operating within the country for the identification, impact assessment, and implementation of all applicable laws, regulations, rules, and related processes, controls and reporting that impact in the jurisdiction. 
  • Independent Compliance Risk Management (Program and Product/Service/Function focused*): Providing direction and oversight in supporting the CRM teams in the country related to local requirements and the applicable extraterritorial laws, regulations, relevant bank’s policies, standards. Deliver consistent application of program procedures and be accountable to program owners consistent with CRM methodology and Framework. *Programs include but are not limited to: Sanctions; Anti- Bribery; Privacy and Information Compliance; Third-Party Management and Outsourcing; Employee Activities; Conduct Risk; Ethics; Surveillance, Compliance Assurance; Compliance Monitoring; Prudential Regulatory Compliance. Products and services are offered to client segments like RB, SME, FI & CB. 
  • CRM (Compliance Risk Management) Training: Ensuring that country elements of the CRM training plan are current and reflect regulations while providing a fresh perspective on trends and emerging regulation; ensuring that the training delivery method is tailored to the requirements of the subject matter and audience. 
  • Risk Mitigation and Issue Remediation: Working with management to ensure continued improvement in self-identification of issues, and appropriate escalation and monitoring processes to ensure timely and effective remediation to mitigate the Compliance Risk per CRM Methodology and applicable policy. 
  • CRM (Compliance Risk Management Operational Activity: Proactively leading the CRM team to provide value-added and timely compliance risk management direction, providing oversight of in-country delivery of CRM programs (e.g., surveillance, monitoring, assurance, etc.) to meet local regulatory requirements and expectations, as well country key performance indicators. Developing team operational efficiency with the timely implementation of enhancements. Conducting and meeting required standards in the relevant Management Control Assessments. Key Activities Resources and Capabilities:
  • Compliance Technology and Automation; Data, Metrics, and Analytics: Supporting CRM efforts to enhance technology and automation across the function. Provide relevant information and materials related to data to enhance the development of enhanced metrics and analytics for compliance risk. 
  • Compliance Transformation: Being the transformation leader in the country and being accountable ultimately to the Transformation Managing Director (CEO) supporting the bank’s strategy to strengthen CRM’s and bank’s compliance risk management. 
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding BRAC bank, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct, and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.


  • Graduation/ Post-graduation in any discipline from reputed universities with a satisfactory academic record.
  • Credibility as a subject matter expert and 10 years or more experience of dealing with issues that have a high impact at all levels of the organization
  • Experience in working with key country-level regulators and industry associations
  • Knowledge of local regulatory requirements and obligations and the ability to identify emerging compliance issues and themes
  • An ability to influence senior business leaders on all compliance risk-related matters affecting the business. The individual should have the ability to independently challenge when needed, while at the same time being supportive and solution-based and not being perceived as obstructive
  • An ability to be “hands-on” and “in the trenches” with the direct team, while also bringing a sense of strategic vision and a global sensibility to the function
  • Ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders’ needs are met
  • Strong team leadership, communication, interpersonal, and management skills, with a track record of leading through change and the ability to effectively communicate the strategic vision to various stakeholder groups;
  • Effective negotiation skills, a proactive and “no surprises” approach in communicating issues, and strength in sustaining independent views. Strong presentation and relationship management and influencing skills are essential
  • The ability to thrive and execute in a complex, highly matrixes, global environment
  • Excellent attention to detail and strong problem-solving abilities

Female candidates are highly encouraged to apply.

Only short-listed candidates will be called for the interview as per the recruitment process.

BRAC Bank reserves the right to accept or reject any application without assigning any reason whatsoever.

If you are interested to be a part of this diversified BRAC Bank family, then please Apply Online.

BRAC Bank does not charge any fee at any stage of the recruitment process. Please note that BRAC Bank is an equal opportunity employer. Any form of persuasion will disqualify the candidature before or after the final selection.

Application Deadline: April 30, 2021