Compliance Officer
Hawl Al Khaleej Exchange
Total years of experience :14 years, 0 Months
Following are the Core Responsibility in the above role;
Carry out the compliance function of the organization to ensure the day today functions are adhering to the CBUAE/UAE governmental regulations and law.
Administration of compliance monitoring and compliance on-boarding functions including KYC and Customer Due Diligence.
Receive Internal Suspicious Transaction Reports (ISTR) from front officers, investigate and report and filing of Suspicious Transaction Report (STR) to CBUAE, if required.
Advise the business regarding the AML aspects in relation to the development of new products / services in new and existing markets.
Provide support and advice to other departments in relation to the application of rules and regulations to their function.
Monitor the performance of the AML Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
Perform other duties as assigned related to compliance.
Responsible for the following Job Description in the organization and report to General Manager
Finalization of Accounts (Monthly, Yearly)
Sales and Client Receivable Management & Follow-up Supervision of Purchases, Bank payments, and Supplier Status
Ensure staff adherence of AML policies & procedures by Assisting Compliance officer
Researches and resolves accounting issues through analysis of cost and revenue, and provide variance explanations to management.
Responsible to all books of accounts in SYMEX software.
Interact with external auditors in completing audits.
Recording of funding for maintaining balance for exchange operation - International TRF, TT, and Remittances. Role required Branch Accounting - Handling and being responsible for accounting (expenses and adjustment entries). Preparing Finalization and closing of the books of accounts. Monthly Reconciliation of Inter-Branches and Head Office.
Accounts Receivables - Handling Products -Ding/Air Arabia made by customers, accounting the same and verifying SOA. Computation of Commission of all products and settling the accounts.
Perform the processing of functional and expense allocation, monthly accruals amortization of prepaid expenses, fixed assets depreciation and recording of adjusting and reclassification journal entry.
Finalization of Accounts (Monthly, Yearly)
Cash flow Management / Cash Management
Bank Reconciliation, Letter of Credit and Coordination with
Banks
Sales and Client Receivable Management & Follow-up
Supervision of Purchases, Bank payments and Supplier Status
Inventory Control and stock Taking (Stock Closing Reports)
Cash Management
Preliminary planning and development of detailed audit plan for financial
audits of various manufacturing and financial sector entities.
Time budgeting, mobilization of engagement team, preliminary risk
assessment and review of accounting and internal control systems.
Development of an independent expectation of company's financial
performance and comparison with the company's actual results with
investigation and explanation of variances.
Review, analysis and conclusion on work performed.
Ensuring compliance with applicable statutory legislatures and
International Financial Reporting Standards (IFRS).
Gained experience in designing and implementing accounting and related
internal control systems and conducting a detailed review of internal control
systems to highlight areas needing improvement.
Analytical analysis of financial statements, comparison of actual financial
performance with industry, budgets and prior years and investigation and
explanation of variances
. Finalization of accounts receivable and payable ledgers
Inventory Control
Reconciliation of Bank Accounts, Interest on deposit
Monthly Management reporting ( Recovery, Bad debts and Loan
Disbursement)
Monthly Progress report of the area office.
Maintain books of accounts, rectification of errors (Computerized
books of accounts)
Payment of Invoices and maintain petty cash register
• Associate Certified Charted Accountant(ACCA) SKANS Schools of Accountancy 2016 Area of expertise: Audit, Taxation & Financial reporting
Bachelor of Arts Major Area of Study: Journalism Persian Punjabi
Certified Accountant Technician Major Area of Study: Financial Accounting Cost Accounting Taxation Business Management