BRAC Bank, a leading sustainable bank in Bangladesh, is committed to becoming the best bank in the country. It has pioneered SME Banking in Bangladesh and offers a comprehensive range of banking services to individuals and business entities. BRAC Bank stands out as a beacon of financial inclusion with solid financials, top credit ratings, and numerous accolades.

BRAC Bank is currently looking for an ambitious, intelligent, goal-oriented, and enthusiastic individual for the following position in its Internal Control and Compliance Division:

Head of Regulatory Monitoring

Key Responsibilities:

• Manage regulatory risk, coordinate with internal departments and external regulatory bodies, and ensure timely and accurate filings, certifications, and licensing.
  
• Design and implement comprehensive monitoring policies and procedures to assess compliance with current laws, regulations, and industry standards.
  
• Ensure all necessary licenses, permits, returns, filings, and certifications are processed, tracked, and updated according to regulatory timelines.
  
• Identify potential regulatory risks and non-compliance issues. investigate, address, and report any compliance breaches or concerns, establishing corrective action plans as needed.
  
• Serve as the principal point of contact for regulatory authorities, facilitating inspections, audits, and regulatory inquiries. Maintain strong relationships with regulators to keep abreast of regulatory changes.
  
• Oversee continuous monitoring systems to evaluate compliance status and effectiveness of regulatory controls. Provide regular reports and updates to senior management and the board on regulatory matters.
  
• Manage and develop the regulatory monitoring team, ensuring proper training, performance management, and efficient resource allocation.
  
• Collaborate with senior management to update and revise regulatory policies reflecting current legislation/regulatory directives, ensuring bank-wide awareness and adherence.
  
• Work closely with legal, compliance, quality assurance, operations, finance, and other departments to coordinate regulatory monitoring and compliance initiatives.
  
• Support preparation and response for regulatory inspections, audits, and examinations, ensuring all documentation and processes meet required standards.

KEY QUALIFICATIONS:

• Masters/ Bachelor’s degree from a reputed university with a satisfactory academic track record.
  
• Minimum 12 to 15 years of experience with a minimum of 6 years in regulatory monitoring in the banking or financial services industry.
  
• Experience in conducting/ managing Audit, Monitoring, Regulatory Inspection, Specialization on Core-risk areas, anti-financial crime intelligence, financial analysis, identification of risk areas, identifying trends of systemic control lapses etc.
  
• Extensive experience in working in ICC Division including compliance, audit, monitoring in Bangladesh and/or other countries.
  
• Strong understanding of off-site supervision, investigation, and analysis of processes.
  
• A clear understanding of relevant laws, regulations and industry best practices.
  
• Self-propelled, proficient in customer-centricity, team player, and capability to meet deadlines.

BRAC Bank is a values-driven organization that prioritizes the protection of all its stakeholders, including coworkers and the community we work in, from harassment, abuse, neglect, exploitation, and discrimination. As an equal opportunity enabler, BRAC Bank encourages applications from any gender-diverse individuals and persons living with a disability. We consider personal persuasion to be a disqualification of candidature.

If you are interested in taking up the challenge, please send your resume to career@bracbank.com by mentioning “Head of Regulatory Monitoring” in the subject-line.

Only short-listed candidates will be communicated for the next stage as per the recruitment process. BRAC Bank reserves the right to accept or reject any application without assigning any reason, whatsoever.

BRAC Bank does not charge any fee at any stage of the recruitment process.