Compliance Officer - Doo ME Insurance Broker (UAE)

Job Purpose

Regulatory Compliance

• Monitor compliance with CBUAE Insurance Broker Regulations, DHA and other applicable laws and regulations.
• Ensure implementation and maintenance of regulatory policies and procedures.
• Review business activities and processes to identify and mitigate compliance risks.
• Act as the primary point of contact with regulators on compliance-related matters.

AML/CFT & Sanctions Compliance

• Support implementation of Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), and Sanctions compliance requirements.
• Monitor suspicious activities and escalate concerns as required.
• Assist in regulatory reporting and compliance monitoring activities.

Compliance Monitoring

• Conduct periodic compliance reviews and testing.
• Monitor adherence to internal policies, procedures, and regulatory requirements.
• Maintain compliance registers, breaches, and corrective action logs.
• Follow up on remediation plans and regulatory observations.

Policies & Governance

• Develop, review, and update compliance policies and procedures.
• Ensure effective implementation of governance and control frameworks.
• Support the management team in regulatory compliance initiatives.

Training & Awareness

• Conduct compliance awareness sessions for employees.
• Provide guidance to staff on regulatory requirements and compliance obligations.
• Promote a culture of ethical conduct and regulatory compliance.

Regulatory Reporting

• Prepare compliance reports for senior management and the Board.
• Assist in responding to regulatory inspections, audits, and examinations.
• Coordinate with internal and external auditors on compliance-related matters.
• Ensure timely submission of regulatory reports.

Minimum Education

• Bachelor's degree in law, Finance, Business Administration, Accounting, Risk Management, Insurance, or related field.

Preferred Professional Certifications

• At least one of the following certifications is preferred:
• ICA International Diploma in Governance, Risk and Compliance
• ICA Certificate in AML/CFT
• ACAMS (Association of Certified Anti-Money Laundering Specialists)

• Certified Compliance & Ethics Professional (CCEP)

• UAE Compliance and AML-related certifications recognized by the CBUAE

Requirements

• Minimum 2 years of experience in Compliance, Risk, AML/CFT, Internal Control, Audit, or Regulatory Compliance.
• Experience within the insurance, financial services, banking, brokerage, or regulated financial sector is preferred.
• Familiarity with CBUAE regulations and UAE AML/CFT requirements will be an advantage.

& Competencies

• Strong knowledge of UAE regulatory requirements.
• Understanding of Insurance Broker Regulations.
• Knowledge of AML/CFT and sanctions compliance.
• Strong analytical and problem-solving skills.
• Excellent communication and report-writing abilities.
• High level of integrity, professionalism, and confidentiality.
• Ability to work independently and manage regulatory deadlines.

Authority

• Access to all records and information required for compliance reviews.
• Authority to escalate compliance breaches directly to senior management.
• Authority to recommend corrective actions and process improvements.

Key Performance Indicators (KPIs)

• Regulatory compliance adherence.
• Timely closure of compliance observations.
• Successful completion of compliance monitoring activities.
• Timely submission of regulatory reports.
• Employee compliance training completion rate.
• Reduction in compliance breaches and audit findings.