Internal Auditor Dubai UAE

Position: Internal Auditor

Date posted: 2022-04-10

Industry: money exchange

Employment type: Full Time

Experience: minimum 5 year

Qualification: Bachelor’s Degree holder

Salary: AED 5000 to 10000

Location: Dubai, United Arab Emirates

Company: Mesrkanloo International Exchange

Description:

We are hiring Internal Auditor for our money exchange. Qualified and relevant experienced candidates are welcome to apply for the post.

Looking for candidates who are currently in UAE and can start immediately.

Requirements:

• Good knowledge of Governance, Risk, and compliance
• Strong decision making and problem-solving abilities
• Should have strong knowledge of the AML/CFT
• Excellent communication and customer service skills
• Strong knowledge of all Internal Auditing and Central bank Rules and Regulation
• Time Management
• Confidentiality

Responsibilities:

• Overseeing the day-to-day operation of exchange house policies, procedures, systems, and controls to ensure compliance with applicable regulations.
• Review the On-Boarding Process, Customer Due diligence, and know your customer Documentation.
• Assisting the compliance department in Enhanced Due diligence of High-Risk Customers.
• Development of Risk Assessment Models for risk profiling of the customers.
• Transactional Due diligence for high-value transactions and cumulative transactions.
• Assessment of Anti Money Laundering and Sanctions Compliance Framework mandated by CBUAE for Exchange houses.
• AML/CFT continuous professional development training for compliance officer
• Assisting in preparing a remediation plan against the audit finding by regulators.
• Preparation of all department documentation for review by senior management.
• Preparing and maintaining regulatory files, and exchange house registers.
• Enterprise-wide risk assessment, ML/FT Risk assessment, and maintaining Risk Register.
• Anti-Fraud framework Assessment and conducting fraud scenarios and establishing their controls to reduce inherent risk.
• Compliance meeting minuting.
• Ensure proper documentation of compliance-related reports including suspicious activity reports (SAR) and regulatory reports.
• Remain up to date on federal laws related to the organization and update policies accordingly.
• Establishing systems and controls to obtain/make appropriate use of resolutions/sanctions which require compliance
• Manage the function of transaction monitoring, sanction, PEP screening, and transactional AML & CFT risk management. Ensure proper reporting to the local regulatory bodies wherever required.
• Review Policies, Procedures, Guidelines, and other relevant documentation to identify any non-compliance with them.
• Conduct testing where areas of control have been identified and conclude on the operating effectiveness of controls.
• Conduct a close-out meeting, where findings, recommendations, and action plan were discussed with relevant management.

Education and Experience:

• Bachelor’s Degree
• Minimum 5+ years of Governance Risk and Compliance.