Assistant Manager
Al Rostamani International Exchange
Total des années d'expérience :21 years, 2 Mois
Reporting directly to the General Manager.
* Develop Risk and Compliance plan for the year and effectively implement.
* Managing a team of people and guided them to ensure risks are mitigated.
* Conducting AML committee meeting with the Senior Management.
* Assist various auditors to complete the audits pertaining to risk and compliance related areas
(Statutory, Group audits, AML audits, etc.)
* Identification of risk in each process and products including residual risk if any and eliminate by
developing controls.
* Review of various agreements entered by the company and to ensure the interest is protected for
both the parties.
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* Involve in new projects and implement controls wherever required.
* Developed Risk based audit programs
* Conduct Risk Rating for the branches based on the audit findings
* Conduct customer enhanced due diligence and submit report to the Management
* AML Compliance audit
* Responsible for updating the quality manual, procedures and processes relating to Risk and
Compliance.
* Ensure all operations are complying with procedures and regulations with the help of the team.
* Support all quality initiatives and assist in their implementation and maintenance.
* Ensure compliance to all statutory and legal requirements pertaining to anti-money laundering.
* Prepare reports to UAE Central Bank, federal authorities and other compliance bodies as and when
required.
* Report any non-conformance and follow up to ensure corrective actions are taken by the concerned
department to close any non-conformances raised by AML auditors, Group Internal Audit and ISO
Auditors.
* Creation / Modification / Amendment of Internal and External forms of the company.
* Conduct regular visit to branches to inspect premise and evaluate their compliance to security and
business processes.
* Assist in risk assessment to identify potential risk of the branch operations and assess whether
adequate controls are in place.
* Suggest business process improvements based on the present system.
one of the oldest and largest business
Conglomerate in UAE employs over 3500 people and a turnover of over AED
growing to Head
Risk and Compliance for a business Unit
* Reporting directly to Head of Internal Audit and leadership Team member for the group.
* Conducting & finalizing internal and management audit of Al Rostamani Group companies.
* Facilitating and finalization of Internal Audit Plan for the group
* Preparing Internal Audit Program’s for various companies in the group
* Review of monthly Management Accounts of group companies and variance analysis
* Review of Business Plans of group companies
* Assessment of business and other operational related risks
* Review of internal control system and procedure
* Verification & review of incentive schemes to staff
* Review of critical areas of operations using Computer Aided Audit Techniques (BRIO)
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* Industry segments covered during audit assignments in the group.
o Automobile (Vehicles, spare parts and workshop)
o Money exchange
o Travel
o Trading (tyres and oils
Reporting directly to Head of Group Internal audit.
o Conducting & finalizing internal and management audit of group companies.
o Development of Audit Programme for the special areas assigned
o Finalization of Internal Audit reports with the Management team.
o Assessment of business and other operational related risks.
o Review of internal control system and procedure
manufacturers of edible oil,
Consumer products in South India. Main focus on MIS and audit.
Significant Achievements along the career path
1. Part of the leadership team for over 10 years
2. Suggested ‘Business Process Improvements’ for automated bank reconciliation process in the money
exchange company
3. Identified areas of leakage of revenue at operational level using Computer Aided Audit Techniques (BRIO)
in one of the AL Rostamani group companies.
4. Recommended an effective Internal Control System for inventory, sundry debtors and cash transactions
for one of the group companies
5. Hiring Management - Effectively led the recruitment team for campus hiring and lateral hiring.
6. Implemented RCSA, R2P and RACI concepts in the company.
7. Identified various exposed risks and fixed controls to mitigate the risk.
8. Identified gaps in the internal controls relating to business, operations & process and took corrective
actions.
9. Identified system based risk (IT) and suggested process improvement.
10. Actively involved in the implementation of IT project (core solution and AML solution). Responsible for
fixing the risk and AML controls in the system.
11. No major gaps identified by PWC one of the leading BIG 4 audit firm on the AML gap assessment project
done during December 2015.
Accounting and Auditing Cleared Group 1 in Final
Cost Accounting and Auditing