Al Ahalia Money Exchange Bureau CAREERS : APPLY NOW FOR THE LATEST VACANCIES

Al Ahalia Money Exchange Bureau (AEB), widely recognized among expatriate communities as Ahalia Exchange, stands among the established financial service providers in the United Arab Emirates. Since its formation in 1996 under the umbrella of the respected Ahalia Group, the institution has steadily expanded its footprint within the remittance and foreign exchange sector. Official authorization from the Central Bank of the UAE affirms adherence to national regulatory frameworks and financial governance standards.

Operations commenced with a modest branch in Mussafah, Abu Dhabi. Over the course of more than twenty-five years, steady development, disciplined management, and consistent customer trust transformed the organization into a widely recognized remittance brand across the Emirates. Growth was not limited to physical expansion; service quality, compliance systems, and technological capabilities advanced in parallel. Today, headquarters remain in Abu Dhabi, supported by a regional office in Dubai and an extensive branch network of more than thirty locations throughout the country.

A workforce exceeding 500 employees represents diverse nationalities and linguistic backgrounds, enabling personalized service for customers from various regions. Global partnerships with prominent banking institutions and financial intermediaries facilitate secure and efficient transfers to destinations spanning the Indian subcontinent, South Asia, the Middle East, Africa, Europe, Australia, and North America. This broad connectivity forms a significant competitive advantage, allowing transactions to reach beneficiaries quickly and reliably regardless of geographic boundaries.

Core Service Portfolio

Retail Remittance Services
Individual customers benefit from streamlined money transfer solutions designed for speed, transparency, and competitive exchange rates. Transactions are processed through advanced systems that support both cash and account-based transfers. Currency exchange services are delivered with real-time market tracking to ensure fair pricing and minimal delays.

Corporate Financial Solutions
Business clients receive structured remittance and payroll solutions tailored to operational requirements. Bulk salary disbursement services, vendor payments, and international settlements are managed through secure platforms that prioritize compliance and efficiency. Dedicated relationship support enhances service reliability for corporate partners.

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Ancillary Financial Services
Supplementary offerings include bill payments, demand drafts, and other value-added financial solutions that complement core remittance activities. Service diversification strengthens customer convenience and broadens the institution’s financial ecosystem.

Career Opportunity: Internal Auditor – United Arab Emirates

An opening is currently available for the position of Internal Auditor within the UAE operations. This role demands a professional with strong analytical capability, regulatory awareness, and hands-on audit experience in financial institutions or exchange houses.

Position Summary

The Internal Auditor will design and execute risk-based audit programs covering operational workflows, financial controls, and Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) frameworks. Evaluation of internal systems must align with directives issued by the Central Bank of the UAE and other regulatory authorities.

Primary Responsibilities

• Develop structured audit plans addressing operational, financial, and compliance risks
• Review remittance processes, foreign exchange transactions, KYC/CDD procedures, and transaction monitoring systems
• Assess internal controls to confirm effectiveness and regulatory alignment
• Draft comprehensive audit reports for executive management and board-level review
• Track corrective action plans and ensure timely resolution of findings
• Support regulatory inspections and coordinate with external auditors

Eligibility Criteria

• Bachelor’s degree in Accounting, Finance, Audit, or related discipline
• Three to seven years of internal audit experience within a UAE-based exchange house or financial institution
• Thorough knowledge of AML/CFT regulations and CBUAE compliance standards
• Professional certifications such as CA, CIA, or ACCA considered advantageous

Career Opportunity: Risk and Fraud Prevention Officer – United Arab Emirates

A separate vacancy exists for a Risk and Fraud Prevention Officer to reinforce fraud detection controls and regulatory compliance measures.

Position Summary

This role focuses on identifying transactional anomalies, mitigating financial crime exposure, and strengthening internal monitoring systems. The position requires familiarity with fraud investigation procedures and regulatory reporting obligations.

Key Responsibilities

• Monitor remittance and foreign exchange activities for irregular patterns or suspicious behavior
• Investigate fraud alerts, operational discrepancies, and customer complaints
• Maintain well-documented case files prepared for audit or regulatory review
• Assist in KYC verification, customer risk profiling, sanctions screening, and AML controls
• Update fraud risk registers and prepare management information system (MIS) reports
• Recommend process improvements to reduce operational vulnerabilities

Minimum Qualifications

• Bachelor’s degree in Finance, Banking, Risk Management, or similar field
• Four to six years of relevant experience within a UAE exchange house environment
• Strong understanding of CBUAE compliance frameworks and transaction monitoring tools
• Excellent analytical, investigative, and documentation skills

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