Compliance Officer; Insurance

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 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.

• 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.