Every employee at Al Rostamani Group plays a role in making a real difference to the business and our customers. We care for our employees by offering them meaningful and purposeful work and an opportunity to grow, learn, contribute and succeed. Today, the Al Rostamani Group has come a long way since its birth in 1957. Our group has grown steadfastly with the guiding principles of Commitment, Care & Vision, alongside a strong sense of active involvement in the community. We are a well-diversified group, with a key presence in industries such as General Trading, Automobiles and Heavy Equipment, Travel, Foreign Exchange, Financial Services, Property Management, Construction, Infrastructure Development and Information Technology Services. Our Group employs approximately 2000 people from 41 different nationalities, which contributes to our multicultural and multi-national environment.Al Rostamani International Exchange is a leader in providing currency exchange and international remittance services in the UAE. It is an ISO 9001:2000 certified company having a wide range of products and services catering to all income groups for both nationals and expatriates.Job PurposeJob Responsibilities

• To prepare an Internal Audit Charter that clearly states the purpose, scope, responsibility of internal audit department. Such audit charter should be reviewed annually
• The Internal Auditor must obtain the information, and update on a timely basis, of any changes in the applicable Regulations, the Standards and the organization\'s policies or procedures
• The Internal Auditor must prepare the Annual Internal Audit Plan after discussing with the Audit Committee and obtain the approval of the Board of Directors (or of the Owner/Partners where there is no Board of Directors) at the beginning of each financial year
• Pan all business activities of the Licensed Person, core functions, non-core functions, branches, Head Office, Management Office (if applicable), reconciliation process, unreconciled items, unclaimed funds, liquidity, capital adequacy, etc.
• To perform Internal audits in accordance with the Annual Internal Audit Plan and as per the directives of the Board of Directors (or the Owner/Partners where there is no Board of Directors)
• To ensure that internal audit findings are addressed in a timely manner
• To maintain and retain copies of all internal audit reports and corrective actions taken by the Company and it must be made available for any internal/external audit/examinations
• To ensure the branches and head office operations are in compliance to the new regulation issued by the CB of UAE, in case of any deviation, it should be immediately notified to the concerned department for corrective action and further escalation to the BOD on time
• To be part of and review all the fraud investigation
• To conduct Fraud Risk Assessments jointly with the Fraud Prevention Officer and submit the report to the Board of Directors (or to the Owner/Partners where there is no Board of Directors)
• To review the adequacy of policies and procedures for fraud prevention
• To confirm the availability of insurance cover to protect the interest of the Licensed Person
• To confirm the recruitment process is in line with regulations
• To confirm that appropriate anti-fraud trainings are given to employees
• To confirm that fraud incidents are appropriately reported in accordance with regulations
• To conduct checking for on the effectiveness of counterfeit detection at tills
• To formulate procedures and trainings
• Branch limits for Instant Money Transfers
• To verify and confirm that the set daily limits are appropriate to the size of the business of each branch.
• To perform the audit of the Compliance officer\'s function
• To report the findings to the Board of Directors (or to the Owner/Partners where there is no Board of Directors)
• To perform the audit of the Compliance officer\'s function
• To report the findings to the Board of Directors (or to the Owner/Partners where there is no Board of Directors)
• To conduct review of resolution of customer complaints; and
• To assess that time taken for resolving each complaint from the customer is reasonable and investigate the reasons, if there are overdue complaints
• To conduct review the procedures and the management of unclaimed funds as stated in the regulations
• To report the findings to the Board of Directors (or to the Owner/Partners where there is no Board of Directors)

Job RequirementsQualifications

• Chartered Accountant / ACCA
• MBA (Finance)
• CIA is highly preferable

Experience

• Minimum 10 years of audit experience with at least 5 years in the same industry

Knowledge & Skills

• Excellent attention to detail
• Analytical skills
• Prioritizing skills
• Team management and supervision skill
• Proficiency in MS Excel

At Al Rostamani Group, we seek talented people who work hard to achieve great things. We consider not only your skills and experience, but also your passion for the role, your desire to learn and how well you align with our core values of care, commitment and vision. If this position represents an opportunity you wish to pursue, we invite you to apply.

Al Rostamani Group