Internal Auditor- Managerial Position

RMG Sustainability Council (RSC)

Dhaka
Permanent
Full-time

15 days ago

Responsibilities & Context:Introduction:The Ready-Made-Garments (RMG) Sustainability Council (RSC) is an unprecedented initiative to ensure that garments exported from Bangladesh are produced in safe factories. The RSC carries forward the significant accomplishments made on workplace safety in Bangladesh following the Tazreen fire and Rana Plaza collapse incidents. The RSC conducts structural, electrical, fire, and boiler safety inspections of factories, supports and monitors remediation, conducts safety training and operates an independent safety & health complaints mechanism available to workers in RMG factories.Overall Job Purpose:The position of the Head Internal is part of the RSC's senior management team and reports independently to the Board via the Executive Committee (with dotted line reporting to the Managing Director). It is based in the RSC office in Dhaka. Working closely with MD, he will develop the strategy and priorities for internal audit.The role is responsible for driving internal compliance with standard operating procedures related to operational, compliance, and financial matters. Objectively evaluating risks and developing recommendations to improve risk management, investigating fraud, analyzing and assessing processes and systems for efficiencies, doing checks regarding integrity in decision making, and keeping control of compliance with applicable laws and regulations. It is expected to drive this independently in an unbiased review of a company's internal systems, processes, and procedures. The role would be responsible for not only highlighting process gaps/ non-compliances but also working closely with respective teams to watch over transitional process, workflow, and improvement required areas, working collaboratively and improving existing processes.Duties and Responsibilities:Development of internal audit strategy and calendarIdentify key processes within the RSC to be covered as part of the scope of the internal audit. These would typically cover operational, financial processes, and other areas to identify risks to the business.Define how the internal audit would take place and get approval from the Executive Committee. Create necessary best practices, systems, and resources required to undertake the sameCreate an internal audit calendar to ensure adequate coverage of the internal audit processConduct of internal auditConduct the internal audit process as per the calendar approved (this may also, at times, involve engaging a third-party internal auditor)Ensure timely completion of the internal audit and obtain all necessary information or data related to the checks and compliance requiredWork closely with HOD's to ensure that they comply with the requirements of the internal auditCreation of an internal audit report and action planPost completion of internal audit, create a comprehensive internal audit report to be shared with the BoardHighlight specific deviations and non-compliances to the Board that are of a significant natureAgree on an action plan to ensure the deviations/ non-compliances are minimized going forwardSupport in corrective actionSocialize and communicate the findings of the internal audit report and action plans arising thereof with MD, CSO, and HOD'sAlign on specific corrective actions to be taken and create a charter of ownership for those actionsMonitor the progress closely and report back to the Board on a periodic basis regarding the progress madeTake the support of MD, CSO where required, to expedite the action plansClear CommunicationCommunicate and interview strongly, effectively, and targeted in the information-gathering phasePutting gained information together structurally and effectively messaging results to relevant management teams in a clear and concise mannerCommunicate clearly and straightforwardly to the executive committee to support the Board of Directors in their control functionEducation Requirements:

Master of Business Studies (MBS) in Accounting
Master of Business Studies (MBS) in Finance
Master of Business Studies (MBS) in Management

Master's degree in accounting, Finance or ManagementACA / ACCA / FCA / FCCACIA would be an added advantage.Experience:

At least 6 years
The applicants should have experience in the following business area(s): Garments

Additional Job Requirements:At least 6+ years of professional work experience in the internal audit functionKey Skills:Proven experience as an internal auditorIn-depth knowledge of internal audit principles and best practices,Proficient in the use of MS OfficeAn analytical mind with a strategic abilityExcellent organisational and leadership skillsOutstanding communication and interpersonal abilitiesProficiency in English languageProfessionalism, discretion, and the ability to cope with stressful situations and tight timelinesSkills & Expertise:Compliance Monitoring,Having CACC from reputed CA Firm,Internal Audit,Report Writing,Strategic Planning

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