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.