Compliance Officer (Insurance Experience)

General OverviewWe 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 ResponsibilitiesMonitor 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.Key RequirementsBachelor’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.#J-18808-Ljbffr