Internal Control & Quality Assurance Manager

BRAC Saajan, a subsidiary of BRAC Bank PLC, is looking for a dynamic and driven Internal Control & Quality Assurance Manager to join our growing team.

Position: Manager, Internal Control & Quality Assurance

POSITION IN GOVERNANCE FRAMEWORK 

Third Line of Defence: Independent assurance function that evaluates the effectiveness of governance, risk management, and internal controls.

CRITICAL INDEPENDENCE 

This role maintains complete functional independence from operational management and reports directly to the Risk & Audit Committee of the Board.

Position Summary 

Establish and lead the independent Internal Control function to provide objective assurance to the Board and senior management on the effectiveness of governance, risk management, and internal control systems of our authorised payment institution.

Reporting Structure 

Functional Reporting: Risk & Audit Committee (RAC) 

Administrative Reporting: MD & CEO (administrative matters only) 

Direct Access: RAC Chairman 

Independence: No operational or management responsibilities

Key Responsibilities 

1. Independent Audit Planning and Strategy 

2. Regulatory Compliance Audits 

3. Systems and Operational Controls Audit 

4. Three Lines Framework Evaluation 

5. Financial and Management Audit 

6. Governance Assurance 

7. Prepare independent reports with objective findings for RAC 

8. Monthly management Report to Managing Director 

9. Communicate directly with external auditors and regulators when appropriate 

10. Coordinate (not subordinate to) with 2nd line to understand their work 

11. Maintain professional but independent communication with management 

Required Qualifications 

Essential Education and Certifications 

Bachelor's Degree: Accounting/Finance/Audit or related field 

Professional Certification Required: 

CIA (Certified Internal Auditor) - PREFERRED 

CISA (Certified Information Systems Auditor), or 

Equivalent professional audit qualification 

Additional Certification Desirable: ICA Anti-Financial Crime, CAMS

Critical Experience 

Minimum 7 years internal audit experience, with at least 3 years in financial services 

Specific experience required in payment institutions, money transfer or fintech 

Demonstrable knowledge of FCA regulations and UK regulatory framework

Essential Technical Competencies 

AML/CTF expertise in regulations and suspicious transaction monitoring

Compensation Structure 

Professional Development: Annual budget for certifications and training 

Benefits: Comprehensive package including pension, healthcare, and annual leave

Working Conditions 

Location: Birmingham, United Kingdom with flexibility for hybrid working 

Travel: Occasional to satellite offices as per audit plan 

Hours: Full-time with flexibility during peak audit periods

Salary: £40,000- £45,000 gross per annum (DOE) 

Email your updated resume with a proper subject line to 

hr@bracsaajan.com