Compliance Officer

Overview

• 𝐉𝐎𝐁 𝐒𝐔𝐌𝐌𝐀𝐑𝐘
• The Compliance Officer oversees regulatory adherence, risk management, and policy compliance, ensuring ethical operations and alignment with insurance regulations.
• 𝐐𝐔𝐀𝐋𝐈𝐅𝐈𝐂𝐀𝐓𝐈𝐎𝐍𝐒, 𝐒𝐊𝐈𝐋𝐋𝐒 & 𝐄𝐗𝐏𝐄𝐑𝐈𝐄𝐍𝐂𝐄:
• Bachelor’s degree in Law, Business Administration, Finance, or a related field
• Professional certification in Compliance (e.g., CAMS, ACAMS, or equivalent) preferred
• UAE Insurance Authority certification required
• Minimum 3–5 years of experience in compliance, risk management, or regulatory affairs, preferably within the insurance or financial services industry
• At least 2 years of hands-on experience in the local regulatory environment
• Strong knowledge of Insurance Authority regulations, compliance frameworks, and reporting requirements.
• 𝐉𝐎𝐁 𝐑𝐄𝐒𝐏𝐎𝐍𝐒𝐈𝐁𝐈𝐋𝐈𝐓𝐈𝐄𝐒:
• Monitor evolving insurance regulations and Insurance Authority directives, ensuring timely implementation across all departments.
• Develop, review, and update compliance policies and procedures to reflect current regulations and operational needs.
• Conduct compliance risk assessments, identify vulnerabilities, and recommend proactive mitigation strategies.
• Create and deliver engaging training sessions to enhance staff awareness of compliance responsibilities.
• Perform regular internal compliance audits, monitor adherence to policies, and provide detailed reports with improvement recommendations.
• Prepare and submit accurate, timely reports to the local Insurance Authority and other relevant entities.
• Investigate potential breaches, implement corrective measures, and maintain comprehensive documentation.
• Act as the main liaison with regulatory bodies, auditors, and consultants, fostering transparent and professional relationships.
• Partner with Legal, Risk, and Operations teams to integrate compliance requirements into core business activities.
• Continuously enhance compliance systems, adopting best practices and supporting the organization’s governance framework.