National Bank holds training workshop on risk-based internal audit

A day-long training workshop titled ‘Risk Based Internal Audit (RBIA) and Team Building & Brainstorming’ was successfully organized on Sunday jointly by the National Bank Training Institute (NBTI) and the Internal Control & Compliance Division (ICCD) of National Bank PLC.

According to a press release, senior executives and officials of the Internal Control & Compliance Division from the Head Office of National Bank PLC actively participated in the workshop.

The workshop was inaugurated by Mr. Syed Zubayer Ahmed, Deputy Managing Director and Chief Financial Officer of National Bank PLC, who graced the occasion as the Chief Guest. In his inaugural address, he underscored the significance of Risk Based Internal Audit (RBIA) in today’s dynamic banking environment.

He stated that RBIA plays a pivotal role in identifying, assessing, and prioritizing risks that may affect the achievement of organizational objectives. He further emphasized that the RBIA approach operates in alignment with the Enterprise Risk Management (ERM) framework and provides reasonable assurance to management regarding the effective implementation of ERM. Highlighting the importance of sound governance, he noted that a robust internal control and audit system is essential for strengthening the Bank’s risk management framework while ensuring institutional transparency and accountability.

The sessions of the workshop were conducted by Mr. Mohammad Syadur Rahman, FCMA, Senior Executive Vice President and Divisional Head of the Internal Control & Compliance Division of National Bank PLC. During his sessions, he elaborated on the Bank’s internal control system, the framework and objectives of implementing RBIA, and key aspects of leadership development. He explained how the RBIA approach facilitates effective risk identification and mitigation, thereby enhancing the overall efficiency and sustainability of the Bank’s operations.

In addition, Mr. Shamim Reza, Vice President & Head of Audit (CC), discussed the practical application of RBIA and audit planning processes. Mr. Md. Mazharul Hossain, Senior Assistant Vice President & Head of the Monitoring Unit, highlighted issues related to monitoring and supervision of branch and divisional activities. Furthermore, Mr. Kazi Ashraful Islam, Senior Principal Officer, shed light on important control and supervisory aspects of foreign exchange operations of Authorized Dealer (AD) branches and the concerned divisions.

The workshop also featured interactive knowledge-sharing sessions, group discussions, and brainstorming activities, which significantly contributed to team building, enhanced professional collaboration, and encouraged the exchange of practical experiences among the participants of the Internal Control & Compliance Division.

The program was moderated by Mr. Shah Syed Rafiul Bari, Principal of the National Bank Training Institute. In his concluding remarks, he emphasized the critical role of the Internal Control & Compliance Division (ICCD) in safeguarding the Bank’s financial security and institutional reputation. He expressed his sincere gratitude to the Chief Guest, distinguished speakers, and all participants for their active engagement and valuable contributions, which ensured the success of the workshop.