Compliance Officer (Insurance Experience)
Compliance Officer (Insurance Experience)
- 1 Vacancy
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Job Description
General Overview We are looking for an experienced Compliance Officer cum MLRO for our client, a leading insurance brokerage firm in the UAE. The role is responsible for overseeing regulatory complian...
We are looking for an experienced Compliance Officer cum MLRO for our client, a leading insurance brokerage firm in the UAE. The role is responsible for overseeing regulatory compliance, risk management, and AML / CFT frameworks in line with Central Bank of the UAE (CBUAE) guidelines.
This position requires a detail-oriented compliance professional with proven experience in the insurance industry and in-depth knowledge of UAE financial regulations and AML / CFT practices.
Key Responsibilities- Monitor compliance with CBUAE circulars, guidelines, and regulatory standards.
- Ensure all licenses, approvals, and registrations are valid and up to date.
- Act as the primary liaison with regulatory authorities and manage inspections or audits.
- Implement and track changes to policies based on regulatory updates (AML / CFT, Consumer Protection, etc.).
- Maintain a robust Risk-Based Compliance Framework and identify potential compliance gaps.
- Prepare and present compliance reports for senior management and the Board.
- Act as MLRO, or support the appointed MLRO, in overseeing AML / CFT compliance programs.
- File Suspicious Transaction Reports (STRs) with the FIU as required and oversee CDD, EDD, and sanctions screening processes.
- Develop, update, and enforce internal policies such as Code of Conduct, Ethics, and Conflict of Interest.
- Conduct periodic compliance reviews, audits, and training across all departments.
- Promote a strong culture of compliance and ethical business practices throughout the organization.
- Bachelor's degree in Law, Finance, Business, or a related field (Master's or relevant certifications preferred).
- Minimum 3 years of experience in a compliance role within the insurance or insurance brokerage sector - insurance experience is mandatory.
- Strong understanding of CBUAE regulations, UAE AML / CFT laws, and compliance frameworks.
- Professional certifications such as CAMS, ICA, or CRCMP are preferred.
- Excellent communication, analytical, and stakeholder management skills.
- High ethical standards, integrity, and attention to detail.
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Job Overview
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Location
Dubai, United Arab Emirates
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Offered Salary
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Industry
Banking & Financial Services -
Date Posted
2 days ago