Insurance Compliance Officer – Regulatory Compliance & Internal Controls

at  Projects

Seeking an experienced Compliance Officer to manage regulatory compliance and internal controls. This role ensures adherence to standards set by the Central Bank of the UAE (CBUAE) and other regulators.

QUALIFICATIONS:

• Minimum of a Bachelor’s degree in Finance, Accounting, Risk Management, or a related field.
• In-depth understanding of UAE laws and regulations governing insurance brokers, including the CBUAE compliance guidelines, and any relevant AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) requirements.
• At least 5 years of relevant experience in internal control, compliance, or auditing within the insurance or financial services industry.
  Job Type: Full-tim

• Regulatory Compliance: Stay updated on relevant laws and ensure company-wide compliance.
• Management Reporting: Regularly inform senior management on compliance matters.
• Policy Communication: Update employees on compliance policies and changes.
• Internal Controls: Develop and maintain audit procedures and controls.
• Policy Updates: Periodically align policies with regulatory changes.
• Compliance Reviews: Conduct regular and emergency reviews for adherence.
• Documentation & Reporting: Prepare policies and submit required reports to regulators.
• Corrective Actions: Support management in implementing corrective actions.
• Performance Evaluation: Assess the efficiency and reliability of compliance reporting.