Enterprise Risk & Fraud Senior Officer

Dar Exchange LLC

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.

• 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.