Mujahid Mahaboob

Seasoned finance professional with 10 years of experience in accounts management and regulatory compliance, specializing in financial controls, risk mitigation, and strict adherence to industry standards and statutory requirements, consistently ensuring robust governance and operational excellence.

ACCOUNTS/ COMPLIANCE - ALEHSAN JEWELLERY TRADING LLC - Dubai

(2024-06)

• Reconciled bank statements and tallied account statements with counterparties to ensure accuracy, identify discrepancies, and resolve issues in a timely manner
• Maintained accurate accounting records across two separate software systems, ensuring data consistency, proper classification, and alignment between platforms
• Prepared purchase and sales invoices, along with payment and receipt vouchers, in accordance with company procedures and accounting standards
• Monitored and updated outstanding balances and ledgers, including passing and tracking PDC cheques through to bank clearance and deposit
• Maintained weekly gold and silver stock records in both accounting software and Excel, ensuring accurate tracking of stock movements and valuation
• Processed rental cheques and journal vouchers (JVs) and recorded stock movements in line with internal accounting and control requirements
• Updated and fixed daily gold and silver positions (morning and evening), and reconciled cash with the cashier at the start and end of the day to maintain cash integrity
• Prepared and submitted quarterly VAT returns and coordinated with the external auditing firm for corporate tax submissions
• Followed up on VAT amendments and regulatory updates to ensure ongoing compliance with current tax regulations
• Developed and implemented compliance policies and procedures in line with applicable laws and regulations, supporting effective regulatory compliance and risk management
• Ensured adherence to UAE AML/CFT laws, FIU regulations, and FATF guidelines, updating internal company policies to reflect regulatory changes
• Conducted risk assessments for clients, suppliers, and transactions, strengthening AML and KYC procedures and risk-based controls
• Oversaw Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk clients, maintaining thorough documentation for regulatory audits
• Investigated and reported suspicious transactions to UAE regulatory authorities, promoting transparency and accountability in financial activities
• Designed and delivered compliance training programs to employees, helping to foster a strong culture of compliance within the organization
• Performed internal audits to verify adherence to AML/CFT policies and collaborated with management to remediate identified compliance risks
• Monitored transactions for anomalies, escalating potential risks and preparing Suspicious Transaction Reports (STRs) for submission to regulators
• Completed and managed Import and Export Declarations documentation for clients dealing with precious metals through air passengers, ensuring regulatory compliance
• Provided guidance and advisory support on compliance matters to management, ensuring training and policies remained current and relevant
• Acted as a registered Money Laundering Reporting Officer (MLRO), reporting transactions exceeding 55k in precious metals and stones to the Financial Intelligence Unit of Dubai
• Verified completeness and validity of client documentation and addressed deficiencies identified through group audit findings
• Implemented AML Policy, Funds Declaration Policies, and PEP Declarations for entity clients, and enhanced staff awareness through targeted compliance training
• Attended FIU seminars to stay up to date with industry developments and best practices in AML/CFT compliance
• Prepared Airwaybills, Bills of Entry, and Declarations for import and export customers in line with trade and customs requirements
• Applied knowledge and certification in Dubai Trade to process trade-related documentation effectively
• Submitted surveys and risk assessments to the Ministry of Economy in connection with regulatory compliance requirements
• Participated in and completed online inspections conducted by officials from the Ministry of Economy
• Utilized AML software such as Winguard and Crowe to support transaction monitoring and compliance reviews

ACCOUNTS/ COMPLIANCE - ELEGANT PRIME GOLD LLC - Dubai

(2021-09 - 2024-06)

Experienced in accounts and compliance functions, bringing 3 years of hands-on expertise in financial reporting, reconciliations, KYC/AML procedures, and regulatory documentation.

SALES/ ACCOUNTS - AL HASEENA JEWELLERY TRADING LLC - DUBAI

(2010 - 2019)

Experienced in accounts and sales functions with 9 years of expertise in financial management, client handling, revenue generation, invoicing, and building a strong customer relationship.

Technical Diploma - ELECTRONICS AND COMMUNICATION ENGG (3 YEARS) - SESHASAYEE INSTITUTE OF TECHNOLOGY

Higher Secondary Education - COMPUTER SCIENCE (2 YEARS) - ER HIGHER SECONDARY SCHOOL

Bachelor of Science - BACHELOR OF COMPUTER APPLICATION B.C.A - LORD HALMONDS UNIVERSITY