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Enterprise Risk & Fraud Senior Officer

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  • December 27, 2023
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Job Description

We are seeking a skilled ENTERPRISE Risk & Fraud expert of notable caliber who possesses a track record of success, to become a valuable member of our team. If you are driven by ambition, possess keen attention to detail, and are responsible by nature, we would like to hear from you.

Job Requirements

  • Proven record of ENTERPRISE Risk Management and ENTERPRISE Policy Making at Money Exchange house.
  • Develop a risk assessment to understand the vulnerability to ML FT and determine the nature and extent of AML CFT resources necessary to manage and mitigate the risk
  • Establish risk assessment methodology procedures and processes.
  • Establish risk appetite statement that clearly identifies the acceptable level of risk.
  • Maintaining an appropriate mechanism to provide information on risk assessment to the CBUAE when required.
  • Maintain and develop Risk register and Risk and Control Assessment RCSA framework.
  • Risk Register must be reviewed at least quarterly to ensure that it is updated with upcoming, relevant risks and appropriate mitigating measures.
  • Form and implement Risk Management policy through identification of range of Risks associated with the business and effective mitigation plan.
  • Participate in the AML investigation and related enquiries.
  • Building risk awareness and establish a strong risk culture.
  • Periodically participate in the compliance and audit committee and communicate the risk as per the CB standards Fraud Management Function.
  • Periodical reports on actions initiated to mitigate various risks must be submitted to the Owner.
  • Risk Policy must be reviewed annually and updated.
  • Design and implement an appropriate anti-fraud framework.
  • Conducting fraud risk assessment.
  • Participate in fraud investigation.
  • Maintain a proper fraud incident register.
  • Analyze and investigate the fraud alerts generated in the system.
  • Fraud and Counterfeit currency incident reporting to CBUAE.
  • Review of Fraud Incident Register must be carried out at the end of every financial year to identify the anti-fraud training needs of employees for the following year.


AED3,000.00 – AED5,000.00 per month


  • Enterprise Risk Management: 3 years (Mandatory)
  • Enterprise Risk Policy making: 2 years (Mandatory)


  • Fluent English is a must


  • Risk & Fraud relevant Certificate? (Mandatory)
Job Category: Risk and Fraud Officer
Job Type: Full Time
Job Location: United Emirates-Dubai

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