COMPLIANCE SPECIALIST

Dubai, UAE

About the Company

A leading multinational General Insurance Company is currently recruiting a Compliance Professional to join their team in Dubai, UAE.

About the Role

  • The provision of advice to senior management and other relevant staff regarding their regulatory obligations and the Company’s internal policies and procedures, and for assisting such persons in the achievement of compliance with those obligations through the effecting of appropriate systems and controls.
  • Monitoring and assessment of the adequacy and effectiveness of the systems and controls effected by management and other relevant staff for the achievement of compliance with regulatory obligations and the Company’s internal policies and procedures.
  • Provide guidance and support to Senior Management and Business to ensure that compliance risk management activities are aligned to Compliance Plan, Framework and Methodology;
  • Provide guidance to the business regarding regulatory requirements and the Company’s Policies and Procedures
  • Assist local management with the development of systems and controls for the achievement of compliance with regulatory requirements and the Company’s Policies and Procedures (including Compliance/AML/CFT/ Sanctions).
  • Evaluate that Business Unit annual monitoring plans are adequate and reflective of the Business Unit compliance risk assessment results;
  • Perform adequacy and effectiveness monitoring reviews in respect of compliance processes within the Business Units;
  • Present findings of compliance reviews to stakeholders through formal engagement to allow for mitigating actions to be included in governance reports.

About the Individual

  • Degree or relevant qualification (Compliance / Risk Management) preferred
  • 4-6+ years’ experience in Compliance or Risk Management,
  • 6+ years’ experience in General Insurance
  • Training on Anti-Money Laundering, Sanctions, Risk Assessment
  • In-depth knowledge of OFAC,US and UN Sanctions, and UAE Regulatory Regime

Salary

Salary commensurate based on Candidates’ experience

Benefits

An excellent bonus scheme and other benefits

Clifford

Clifford Morris

Account Manager

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