INTERNAL AUDIT & COMPLIANCE OFFICER

Fujairah, UAE

About the Company

A leading Insurance Company is looking for a qualified Accounting Professional to join their Internal Audit team in Fujairah.

About the Role

Internal Audit

  • Assist Manager Internal control in conducting internal audit assignments.
  • Analyze data obtained or evidence of deficiencies in controls, duplication of efforts, extravagance, fraud or lack of compliance with managements established policies and procedures.
  • Review records pertaining to company’s assets to ensure that they are safeguarded against all risks and resources are used effectively and economically.
  • Collect and prepare audit paperwork in organized manner.
  • Preparing the draft internal audit report.

Anti-Money Laundering

  • Detect Transactions relating to any Crime
  • Review, scrutinize and study records, receive data concerning Suspicious Transactions, and take decisions to either notify the Financial Intelligence Unit (FIU) or maintain the Transaction with the reasons for maintaining while maintaining complete confidentiality.
  • Review the internal rules and procedures relating to combating the Crime and their consistency with the Decretal-Law and the present Decision, assess the extent to which the institution is committed to the application of these rules and procedures, propose what is needed to update and develop these rules and procedures, prepare and submit semi-annual reports on these points to internal control manager.
  • Prepare, execute and document ongoing training and development programs and plans for the institution’s employees on Money Laundering and the Financing of Terrorism and Financing of Illegal Organizations, and the means to combat them.
  • Collaborate with the Supervisory Authority and FIU, provide them with all requested data, and allow their authorized employees to view the necessary records and documents that will allow them to perform their duties
  • Be updated with any new circulars and regulations

Compliance

  • Ensure that company policies, procedures and operations are in compliance with rules and regulation of UAE
  • Prepare compliance report highlighting the non-compliance areas
  • Be updated with any new circulars and regulations

About the Individual

  • Bachelor’s degree in Accounting along with CA Inter
  • Two years’ experience in any Major External Audit firm
  • Computer expertise including proficiency in Microsoft Office, SAP and Oracle
  • Strong analytical ability
  • Good Report writing skills
  • Excellent communication and interpersonal skills.
  • Willingness to travel.
  • Ability to work with deadlines and without close supervision.

Salary

Salary commensurate based on Candidates’ experience

Benefits

An excellent bonus scheme and other benefits

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Karan Seernani

Recruitment Associate

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