Regulatory Compliance Officer

Overview

• Engagement details:
• Job Title:

Regulatory Compliance Officer

• Client:
• Leading Reinsurance firm
• Employment type:
• Permanent role
• Location:

Onsite in Dubai, UAE

• Experience level:
• 5+ years

Role Overview

Key Responsibilities

• Counsell and support the branch and its business activities complying with the provisions of applicable laws and regulations as well as related regulatory directions and internal policies.
• Implement recommendations, guidance, and directives as set out in the DFSA Rulebook.
• Develop and maintain monitoring and reporting procedures to identify, report, and address compliance breaches promptly.
• Prepare and submit Suspicious Activity Reports as required by Federal AML legislation.
• Contribute to the creation, implementation, and review of compliance policies and procedures in line with local and international standards.
• Conduct thorough due diligence and identify any potential compliance risks.
• Prepare and execute the annual branch compliance plan.
• Manage compliance inspections and audits.
• Inform and train local employees on compliance matters material to the branch
• Assist in responding to regulatory, auditor, and external authority queries and information requests from UAE authorities and the DFSA concerning relevant regulatory and money laundering matters.
• Participate in the design and testing of internal compliance frameworks and conduct routine monitoring activities, including preparing quarterly compliance reports.
• Collaborate with internal teams to ensure business operations adhere to compliance requirements.

Requirements

• 5+ years of experience in Regulatory Compliance within the financial services industry
• Understanding of DFSA or FSRA regulation (or equivalent e.g. FCA) is preferred
• Prior experience of working with global firms
• Proficiency in written and spoken English
• Excellent communication and interpersonal skills
• Comfortable working independently and equally effective as part of a collaborative team.