Daman Investments hiring Quality Assurance & Controls Analyst in Dubai, United Arab Emirates | LinkedIn (2024)

The Quality Assurance & Controls Analyst is responsible for ensuring the effectiveness of

risk controls and processes within the Wealth and Asset management business. This job

is accountable for ensuring compliance with regulatory standards, implementing the

approved risk management frameworks, and collaborating with stakeholders to mitigate

operational, financial, and reputational risks.

KEY DUTIES AND RESPONSIBILITIES

Conduct comprehensive reviews and assessments of risk management processes, controls, and

procedures to ensure compliance with regulatory requirements and internal policies.

Design and execute testing procedures to evaluate the adequacy and effectiveness of risk controls,

identifying weaknesses or gaps and recommending remedial actions as necessary.

Plan and conduct internal audits of key risk areas and control mechanisms, following established

audit methodologies and standards to assess the effectiveness of controls and identify areas for

improvement.

Analyse control mechanisms, including policies, procedures, and systems, to identify opportunities

for enhancing control effectiveness, efficiency, and automation.

Collaborate with stakeholders to identify opportunities for enhancing risk management processes,

streamlining workflows, and optimizing control frameworks to mitigate risks effectively.

Maintain accurate documentation of control testing activities, audit findings, and remediation plans,

ensuring thorough documentation in line with regulatory standards and internal guidelines.

Prepare detailed reports summarising the results of control testing, audit findings, and quality

assurance reviews for management and regulatory authorities, highlighting key insights, trends, and areas for improvement.

Ensure compliance with regulatory requirements and reporting obligations by preparing and

submitting timely and accurate reports to regulatory authorities, addressing inquiries, and

participating in regulatory examinations as needed.

Monitor key risk indicators and metrics, proactively identifying emerging risks or control

deficiencies and recommending appropriate risk mitigation measures.

Provide training and support to business units on risk management best practices, control

procedures, and compliance requirements to enhance risk awareness and promote a strong risk

culture across the organisation.

Uphold company values throughout business practices and utilise sound judgment in decision

making.

Any other additional duties as may be required by management based on needs of the business.

WORK EXPERIENCE

A minimum of 3-5 years of experience

Prior experience in risk management, internal audit, or quality assurance within the financial

services industry, preferably in wealth and asset management

EDUCATIONAL QUALIFICATION

Bachelor's degree in Finance, Accounting, Business Administration, or related field.

Advanced degree or professional certification (e.g., CFA, FRM, CIA) is preferred.

This job falls under the regulatory oversight of the United Arab Emirates (UAE) Securities &

Commodities Authority (SCA) and the attainment of the requisite accreditation is required.

SKILLS/BEHAVIOUR ATTRIBUTES

Strong understanding of risk management principles, methodologies, and regulatory requirements,

with knowledge of investment products, financial markets, and industry best practices.

Demonstrated experience in conducting controls testing, risk assessments, and process

improvement initiatives.

Excellent analytical skills with the ability to interpret complex data, identify trends, and draw

meaningful insights.

Effective communication and interpersonal skills, with the ability to collaborate cross-functionally

and present findings to senior management and stakeholders.

Proven ability to manage multiple priorities in a fast-paced environment with a strong attention to

detail and accuracy.