Mesrkanloo International Exchange Hiring for Internal Auditor (With Exchange House Experience) Job at Dubai Full Time

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.

Job Type: Full-time

Ability to commute/relocate:

• Dubai: Reliably commute or planning to relocate before starting work (Preferred)

Education:

• Bachelor’s (Preferred)

Experience:

• Internal Auditor in Exchange House: 5 years (Preferred)

Application Deadline: 12/05/2022