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Job Description
· Responsible for the development and maintenance of the fair lending policy and program, and any other regulatory compliance responsibilities that may arise.
· Preserves orderly And detailed work papers, assist management with the determination of the Cause of violations or exceptions, recommends corrective action, and drafts reports of compliance findings to senior management.
· Conducts investigations with the business line and other staff stemming from system generated and/or external requests; analyze and investigate significant case escalations.
· Identify causes of unreal overdue.
· Trace receivable Report and verify it.
· Investigate Reconciling items and make sure entries should be fully documented.
· Test invoices listed in receivable report
· Assess the Allowance for doubtful accounts and a determination of whether the method is appropriate for business environment.
· Assess bad debt write-offs.
· Review credit memos.
· Confirm recorded Receivable balances are inaccurate.
· Determine reasons of not be possible to collect accounts receivable
· Confirm the allowance for doubtful accounts which may not reflect bad debt experience.
· Confirm That Sales transactions are processed & settled in the correct periods, against correct accounts
· Work cooperatively with other Dept or BU’s
· Delivers support and monitoring to various regulations
- Liaise with other departmental heads to ensure That all business operations are in line with business policies.
- Monitoring and evaluating various lines of business and cross functional activities performed across similar areas.
- Ensure compliance risk requirements and processes Comply with the regulatory requirements, policies and program requirements and the business activities.
· Determines potential risk areas and conducts periodic file reviews in accordance with Internal Departments
· Evaluates and analyzes information uncovered during investigations and creates a Suspicious Activity.
· Assist in the process of providing customer and coworker support to collect delinquent accounts and to provide support to collection team.
· Determining appropriate customer support and collection activities by contacting customers and negotiating payment plans and settlement actions.
· Create, modify, update, and implement the company’s policies for all contract terms with the customer
Requirements
- Minimum 2 years of experience with financial institutions regulatory compliance matters and/or fraud
- knowledge of Collection, banking, billing & auditing.
- Capacity to Prioritize effectively and multitask as necessary.
- Goal oriented for improvement and development.
- A successful candidate must have outstanding communication skills, anticipate, and deliver on the needs of a fast-paced and innovative business.
- Must be proficient with computers and software applications.
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Keywords: Compliance Officer jobs in Dubai, UAE | Compliance jobs in Dubai salary
