BRAC Saajan Exchange Limited is an authorised Payment Institution in Money remittances, its headquarter is located in Lozells, Birmingham, UK. BSEL operates in UK & EU countries through retail agency network, own branch and aggregator model as well as own digital app.
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
1. Regulatory Compliance Audits
2. Systems and Operational Controls Audit
3. Three Lines Framework Evaluation
4. Financial and Management Audit
5. Governance Assurance
6. Prepare independent reports with objective findings for RAC
7. Monthly management Report to Managing Director
8. Communicate directly with external auditors and regulators when appropriate
9. Coordinate (not subordinate to) with 2nd line to understand their work
10. 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, 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)