Audit Committee Member(1011 Views)
About Bank-e-Millie Afghan
Bank-e- Millie Afghan is the first and foremost bank in Afghanistan, established in 1933. Bank-e- Millie Afghan introduced the banking system in Afghanistan and is enjoying its 77th years of fame, reliance and recognition both inside and outside Afghanistan. The bank initiated its operations on initial assets of AFN 9.6 million (82%) by private entrepreneurs and (28%) by the government. It was fully nationalized by the government in 1976.in order to reach every Afghan, Bank has implemented successfully the CORE BANKING SYSTEM. BMA has currently 15 city branches and 21 Provincial branches. Soon 8 more branches in different provinces will be inaugurated.
Ensuring the integrity of the Bank’s Financial Statements.
Ensuring Bank’s compliance with legal and regulatory requirements, as well as internal guidelines, and established Banking practices.
Ensuring Proper performance of Bank’s Internal Audit Department.
|Date Posted:||28 Sep 2016||Reference:||BMA\2016\0047|
|Closing Date:||20 Oct 2016||Work Type:||Full Time|
|Number of Vacancies:||3||Gender:||Any|
|Functional Area:||Banking||Open Ended:||NO|
|Nationality:||Afghan||Salary Range:||As per company salary scale|
|Contract Type:||Contractor||Years of Experience:||5 Year(s)|
|Contract Duration:||0 Year(s) & 0 Month(s)||Extension Possibility:||No|
|Probation Period:||3 Months|
Duties and Responsibilities
Duties and Responsibilities
Review the annual financial statements of the bank before the statements are approved by the Board of Supervisors.
Review such other financial reports of the bank as the Audit Committee deems necessary.
Review and evaluate the bank’s policies regarding internal controls, and make recommendations to the Board of Supervisors regarding their approval.
Oversee the implementation and maintenance of the bank’s internal controls by the bank’s Board of Management.
Periodically review the effectiveness of the bank’s internal controls with the head of the bank’s internal audit function and Board of Management.
Periodically evaluate the effectiveness of the bank’s internal control systems report, its findings to the Board of Supervisors, and recommend any changes it deems necessary.
Recommend to the Board of Supervisors an audit firm to conduct the bank’s external audit.
Meet with the bank’s external auditors to discuss the annual audit of the bank’s financial statements.
Perform other tasks, related or incidental to the above, as determined by the Board of Supervisors.
Supervise the work of internal auditors and oversee their relationship with external auditors.
Ensure independence, objectivity and qualifications of internal and external auditors.
Review periodically the remuneration and performance of the external auditors and ensure a periodic change of senior audit partner.
Ensure appropriate functionality of internal audit function.
Receive and review internal audit reports and draw attention of the Board of Management and Board of Supervisors to any material matters.
Engage external advice as required.
Review the external auditor’s letter to bank’s management (containing recommendations on internal control issues) and consider the adequacy of the Board of Management’s response.
Ensure compliance with regulatory requirements and internal procedures through reviewing reports from the Board of Management and internal and external auditors. Due attention must be paid to breaches of regulations, related party transactions and litigations.
Any other responsibilities as prescribed in BMA audit Committee charter.
Regularly report to Board of Supervisors about Committee activities, and issues regarding quality or integrity of Bank’s financial statements, Bank’s compliance with legal and regulatory requirements, performance and independence of Bank’s External Auditors, and the performance of Bank’s Internal Audit Department.
Provide an avenue of communication between Internal Audit, the External Auditors and the Board of Supervisors.
Report annually to the shareholders, describing the audit committee’s composition, responsibilities, and how they were discharged, and any other information that may be required by approval of non-audit services, if any.
Review any other reports issued by the Bank that may fall within the scope of the Audit Committee’s responsibilities.
Knowledge of finance, Accounting and auditing;
Experience of knowledge with Banking Operation & Procedure, Audit Methodology, tools & Analysis. Government Regulations, Risk Managment, Compliance, Credit&Marketing, Bank Accounting and Report writing;
Adequate understanding of the detailed responsibilities of the committee membership as well as the bank's business, Operations and risks;
Proficiency in English, both oral and written as well as computer literate;
Excellent communication skills;
Have adequate time to perform his/her duties as Audit Committee Member at the Bank's office
High ethical standards and integrity in both their personal and professional dealings;
The Audit Committee Chairman should have a professional qualification.
Bachelor or Master Degree in Business, Finance, Economics or any other related fields and shall be financially literate/ Having expertise in accounting or related financial management is preferred.At least 5 years’ experience in a financial institution or similar fields
Afghanistan - Kabul: PROVINCIAL CENTER (KABUL)
Masters Degree, Banking
You can apply for this post in such ways:
By Electronic submission:
You should apply electronically by sending your CV and a one-page covering letter explaining your interest and suitability for the position to E-mail given below.
PLEASE SPECIFY ONLY THE VACANCY NUMBER “BMA//2016//047” IN THE SUBJECT LINE OF YOUR E-MAIL.
Ahmad Jawad “Kamgar”
BMA HRMIS OFFICER
Address: JADE IBNE SINA WATT, KABUL AFGHANISTAN. Kabul-Afghanistan
1. APPLICATIONS RECEIVED AFTER THE DEADLINE WILL NOT BE CONSIDERED.
2. ONLY SHORT-LISTED CANDIDATES WILL BE CONTACTED.
firstname.lastname@example.org - Nazifa.email@example.com
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