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Head of Internal Control & Compliance

BRAC EPL Stock Brokerage Limited, a subsidiary of BRAC Bank Limited; is one of the largest stock brokerage in Bangladesh with strong foothold in domestic institutions, retail clients and foreign institutional investment segment.

We are looking for confident, career focused and highly energetic Head of Internal Control & Compliance to serve the internal stake holders and management.

Job Duties and Responsibilities

  • Oversee the organization-wide compliance and regulatory activity with strict monitoring
  • Maintain regulatory affairs and correspondence with Regulators and other govt. bodies like BSEC, DSE, CSE, CDBL and RJSC etc.
  • Reporting, observation, inspection, and corrective action as per compliance and regulatory guidance
  • Secure Internal Control across the branches and the organization
  • Strictly execute the security related rules and regulations across the organization
  • Preparation of compliance report: Daily activity report, Net Capital-Monthly for DSE & CSE within 3rd day of the next month, Financial Netting- reporting every 5th day of the next month, Branch Report –Monthly-DSE within 5th day of the next month, Yearly and half Yearly Financial report for DSE CSE and SEC, Institutional reporting, Branch Compliance Review-Weekly/Monthly
  • Follow-up all daily trade activities of authorized representative and staffs
  • Ensure regularization the laps and irregularities
  • Keeping Investors records, Books, and documents
  • Rules & Regulations: SEC Rules and regulations-1987, Stock dealer, Stockbroker & Authorized Representatives-2000, Settlement of Stock Exchange Transactions Regularations-1998, Depository user Regulations-2003
  • Responsible for Yearly, Monthly & Quarterly Financial reporting
  • Regularly monitor Branch Compliance activities
  • Branch office visit for proper execution of Internal Control & Compliance
  • Clients’ complaints, communication handled timely and properly
  • Maintain Awareness of regulatory changes recurrently among the employees
  • Maintenance of Customer Register-Rule-12(1)(Ka) SEC, copies (hard and soft) of ledger, register/books of records-Rule13(2) of SEC, register for Securities Transactions
  • Training and monitoring the employee’s compliance performance of their duties.
  • Supervision all regular and urgent works with consultation of Departmental Head.
  • Monitoring and Assessment: Quarterly assurance function, Internal & external audit functions and regulatory reviews.
  • Any other functions assigned by the management and BoD.

Job Requirements

  • Minimum 8 years of Total experience (minimum 5 years working experience as HoICC)
  • Masters/MBA from any discipline (Professional LL.B/LL.M will be an added advantage)
  • Good knowledge on regulatory issues, laws, market dynamics and economic trend
  • Strong communication and inter-personal skills
  • Natural ability to lead a high skilled dynamic team.
  • Must be enthusiast toward the capital market
  • Strong interpersonal and communication skills (oral and writing) to deal with stake holders
  • Well versed in MS Office suits, advanced computer skills, Internet, and email correspondence
  • Good team player, well-organized, initiative and detail-oriented
  • Professional knowledge and skill levels are kept up-to-date in order to meet the needs of the position

Compensation and Benefits

  • Attractive Compensation for deserving candidate with fringe benefits (e.g., PF, Gratuity, Insurance, and others)

Apply Instructions

  • Any kind of persuasion will directly disqualify the candidature.
  • BRAC EPL Stock Brokerage Limited is an Equal Opportunity Employer, but “Job affected from pandemic” will get priority.

Please send your updated Resume (MS Word/PDF only) at jobs@bracepl.com mentioning the position applied in the email subject line on or before May 31, 2022.