Audit & Compliance Manager

Job Title: Audit & Compliance Manager

Location: Dubai, UAE

Industry: Bullion, Gold, and Diamond Retail Jewellery

Reports To: Executive Director

Client overview: With over a decade of expertise, our client is a significant player in the luxury goods sector. a specialist in beautiful jewelry with distinctive European designs. They provide the greatest service available in the domain of cast jewelry,

We are seeking a highly skilled and experienced Audit & Compliance Manager to join our bullion, gold, and diamond retail jewellery business in Dubai. The ideal candidate will be responsible for overseeing internal audits, ensuring compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations, and conducting thorough risk assessments. This role requires a meticulous professional with extensive knowledge of the jewellery industry and regulatory requirements.

Key Responsibilities:

Internal Audit:

• Develop and implement the annual audit plan.
• Conduct internal audits to assess the effectiveness of internal controls, accuracy of financial records, and efficiency of operations.
• Prepare audit reports with findings and recommendations for improvements.
• Monitor the implementation of audit recommendations.

Compliance:

• Ensure compliance with all relevant laws, regulations, and internal policies, particularly AML and CFT regulations.
• Develop and update compliance policies and procedures.
• Conduct regular compliance training sessions for employees. Serve as the primary point of contact for regulatory bodies and external auditors.

Risk Assessment:

• Identify and assess potential risks related to business operations, including financial, operational, and compliance risks.
• Develop risk mitigation strategies and monitor their implementation.
• Maintain a risk register and report on risk management activities to senior management.

AML & CFT:

• Oversee the companys AML and CFT programs.
• Conduct thorough due diligence on customers and transactions to detect suspicious activities.
• Report any suspicious transactions to the relevant authorities in accordance with legal requirements.
• Stay updated on the latest AML and CFT regulations and ensure the companys compliance.

Documentation & Reporting:

• Maintain accurate records of all audit and compliance activities.
• Prepare regular reports on audit findings, compliance status, and risk assessments for senior management and the board of directors.
• Ensure proper documentation of all AML and CFT activities.

Qualifications:

• Bachelors degree in accounting, Finance, Business Administration, or a related field.
• Minimum of 7 years of experience in audit and compliance, with at least 3 years in a managerial role within the bullion, gold, and diamond jewellery industry.

Skills:

• In-depth knowledge of AML and CFT regulations.
• Strong analytical and problem-solving skills. Excellent organizational and time management skills.
• Proficient in audit software and Microsoft Office Suite. Exceptional communication and interpersonal skills.

Personal Attributes:

• High level of integrity and ethical standards.
• Detail-oriented with a strong commitment to accuracy.
• Ability to work independently and as part of a team.
• Proactive and able to manage multiple tasks simultaneously.

Working Conditions:

• Office-based role with regular travel to retail stores.
• Flexibility to work extended hours as needed.