Internal Auditor

3 days ago


Dubai, United Arab Emirates Mesrkanloo International Exchange 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.

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)


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