Job Description

Overseeing the day-to-day operation of client's 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. - Identifying compliance and money laundering risks and advising on improvements to the client's control framework. - Keeping compliance department up to date on changes in relevant regulations and the implications of these changes on their business. - Setting Ref flag indicators to identify Suspicious Transactions and subsequently reporting to management. - AML/CFT continuous professional development training for compliance officer - Assisting in preparing remediation plan against the audit finding by regulators. - Preparation of all department documentation for review by senior management. - Preparing and maintain regulatory files, 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. - Responsible for implementing AML/CFT program within the gold sector compromising of five pillars of AML. - Ensure proper documentation of compliance related reports including suspicious activity report (SAR) and regulatory report. - Remain up to date on federal and 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 it. - Conduct testing where areas of control have been identified and conclude on operating effectiveness of controls. - Conduct a close out meeting, where findings, recommendations and action plan were discussed with relevant management. - Communicate findings to management and draft a comprehensive report of the audited area. - Perform ongoing follow-up on action plan implementation and timeliness for remedial actions. Ability to commute/relocate: - Dubai: Reliably commute or planning to relocate before starting work (preferred) Education: - Bachelor's (preferred) Experience: - Exchange House as Internal Auditor: 5 years (preferred)

Job Type: Full-time

Pay: AED6,000.00 - AED8,000.00 per month