Compliance Officer - Doo ME Insurance Broker (UAE)
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Key skills for this role
About the Role
Doo Group is hiring a Compliance Officer for its insurance brokerage in Dubai. The role ensures compliance with CBUAE, DHA, and DED regulations, manages AML/CFT risks, and conducts compliance monitoring.
Key Skills for This Role
Responsibilities
- Monitor compliance with CBUAE Insurance Broker Regulations, DHA and other applicable laws and regulations
- Ensure implementation and maintenance of regulatory policies and procedures
- Review business activities and processes to identify and mitigate compliance risks
- Act as the primary point of contact with regulators on compliance related matters
- Support implementation of AML, CFT, and Sanctions compliance requirements
- Monitor suspicious activities and escalate concerns as required
- Conduct periodic compliance reviews and testing
- Develop, review, and update compliance policies and procedures
- Conduct compliance awareness sessions for employees
- Prepare compliance reports for senior management and the Board
Requirements
- Bachelor's degree in Law, Finance, Business Administration, Accounting, Risk Management, Insurance, or related field
- Minimum 2 years of experience in Compliance, Risk, AML/CFT, Internal Control, Audit, or Regulatory Compliance
- Experience within insurance, financial services, banking, brokerage, or regulated financial sector preferred
- Familiarity with CBUAE regulations and UAE AML/CFT requirements
- Professional certification preferred: ICA, ACAMS, CCEP, or UAE compliance certification
Full Job Posting
Job Purpose
- The Compliance Officer is responsible for ensuring that the Company operates in full compliance with applicable laws, regulations, and regulatory requirements issued by the Central Bank of the UAE (CBUAE), DHA, DED and other applicable regulatory Authorities, as well as internal policies and procedu
- The role is responsible for establishing and maintaining an effective compliance framework, monitoring regulatory adherence, managing compliance risks, and promoting a strong culture of compliance across the organization.
Key Responsibilities
- Monitor compliance with CBUAE Insurance Broker Regulations, DHA and other applicable laws and regulations.
- Ensure implementation and maintenance of regulatory policies and procedures.
- Review business activities and processes to identify and mitigate compliance risks.
- Act as the primary point of contact with regulators on compliance related matters.
- Support implementation of Anti Money Laundering (AML), Counter Terrorist Financing (CFT), and Sanctions compliance requirements.
- Monitor suspicious activities and escalate concerns as required.
- Assist in regulatory reporting and compliance monitoring activities.
- Conduct periodic compliance reviews and testing.
- Monitor adherence to internal policies, procedures, and regulatory requirements.
- Maintain compliance registers, breaches, and corrective action logs.
- Follow up on remediation plans and regulatory observations.
- Develop, review, and update compliance policies and procedures.
Qualifications
- Bachelor's degree in law, Finance, Business Administration, Accounting, Risk Management, Insurance, or related field.
- At least one of the following certifications is preferred: ICA International Diploma in Governance, Risk and Compliance; ICA Certificate in AML/CFT; ACAMS; Certified Compliance & Ethics Professional (CCEP); UAE Compliance and AML related certifications recognized by the CBUAE.
- Minimum 2 years of experience in Compliance, Risk, AML/CFT, Internal Control, Audit, or Regulatory Compliance.
- Experience within the insurance, financial services, banking, brokerage, or regulated financial sector is preferred.
- Familiarity with CBUAE regulations and UAE AML/CFT requirements will be an advantage.
Skills & Competencies
- Strong knowledge of UAE regulatory requirements.
- Understanding of Insurance Broker Regulations.
- Knowledge of AML/CFT and sanctions compliance.
- Strong analytical and problem solving skills.
- Excellent communication and report writing abilities.
- High level of integrity, professionalism, and confidentiality.
- Ability to work independently and manage regulatory deadlines.
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