Internal Control & Compliance Specialist Required in Dubai

An Internal Control & Compliance Specialist plays a critical role in ensuring that an organization adheres to regulatory requirements, internal policies, and industry standards. This professional safeguards the organization’s integrity by assessing, designing, and implementing robust internal controls and compliance frameworks. Their work ensures operational efficiency, risk mitigation, and adherence to laws, protecting the organization from financial and reputational harm.

The role requires a strong understanding of legal and regulatory frameworks, attention to detail, and excellent analytical skills to identify potential risks and recommend effective controls.

Salary	Market Competitive
Experience	5 –  7 Years
Location	Dubai
Qualification	Bachelor’s degree in Accounting, Finance, Business Administration, or related field
Posted	26 November 2024
Job Type	Full-Time
Posted by	Habeebi Recruiter
last date to apply	apply within 15 days

Key Responsibilities

1. Development and Implementation of Internal Controls

Internal Control & Compliance Specialists design, document, and implement internal control systems to safeguard the organization’s assets and ensure operational efficiency. They work closely with department heads to tailor controls that address specific business risks while supporting organizational goals.

2. Compliance Monitoring and Reporting

This role involves regular monitoring of compliance with laws, regulations, and internal policies. Specialists conduct audits, prepare compliance reports, and provide recommendations for addressing any gaps or weaknesses identified.

3. Risk Assessment and Mitigation

A significant aspect of the role is identifying potential risks within processes, systems, or operations. Specialists assess these risks, develop mitigation strategies, and ensure that controls are effective in preventing or minimizing them.

4. Policy and Procedure Review

Internal Control & Compliance Specialists periodically review the organization’s policies and procedures to ensure they remain relevant and aligned with current regulatory requirements. They also ensure that employees are aware of and adhere to these guidelines.

5. Training and Awareness Programs

To promote a culture of compliance, specialists conduct training sessions for employees, raising awareness about internal controls, ethical practices, and regulatory requirements. This helps embed compliance as a fundamental aspect of the organization’s operations.

6. Liaising with Regulatory Bodies

Internal Control & Compliance Specialists act as the primary point of contact for external auditors, regulators, or other oversight agencies. They provide necessary documentation, respond to queries, and ensure smooth regulatory inspections.

7. Investigations and Corrective Actions

In cases of suspected non-compliance or irregularities, specialists conduct investigations to determine the root cause and recommend corrective actions. They work closely with management to implement solutions and prevent recurrence.

Qualifications and Skills

• Educational Background: A degree in finance, accounting, law, or a related field. Certifications like CPA, CIA, or CFE are advantageous.
• Experience: Relevant experience in auditing, compliance, or internal controls, preferably in a corporate or regulatory environment.
• Technical Expertise:
  • Proficiency in risk assessment and audit methodologies.
  • Knowledge of industry-specific regulations and standards.
  • Familiarity with compliance management tools and software.
• Soft Skills:
  • Strong analytical and problem-solving abilities.
  • Excellent communication and interpersonal skills.
  • Attention to detail and the ability to manage multiple priorities.

Work Environment

Internal Control & Compliance Specialists typically work in office settings but may also visit operational sites or attend regulatory meetings. The role requires meticulous attention to detail and the ability to handle confidential information with discretion.

This position is ideal for professionals who are passionate about maintaining ethical standards, managing risks, and contributing to the organization’s long-term success. A successful Internal Control & Compliance Specialist combines technical expertise with a proactive approach to foster a culture of accountability and compliance across the organization.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:  marketing@potentiahr.com

Phone:  (021) 501 12136