Compliance Officer - DIFC

Engagement details:
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Job Title:
Branch Compliance Officer & MLRO
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Client:
Leading Reinsurance firm
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Employment type:
Permanent role
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Location:
Onsite in Dubai, UAE
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Experience level:
3-5 years
Role Overview:
Our client, a leading reinsurance firm and DFSA-regulated entity, is seeking to appoint a Compliance Officer/MLRO to join its Dubai-based team. This role will play a critical part in the effective implementation and day-to-day management of the compliance framework, including AML policies, procedures, and controls, ensuring full adherence to the DFSA Rulebook and applicable DIFC regulations.
Key Responsibilities:
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Counsell and support the branch and its business activities complying with the provisions of applicable laws and regulations as well as related regulatory directions and internal policies.
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Implement recommendations, guidance, and directives as set out in the DFSA Rulebook.
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Develop and maintain monitoring and reporting procedures to identify, report, and address compliance breaches promptly.
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Prepare and submit Suspicious Activity Reports as required by Federal AML legislation.
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Contribute to the creation, implementation, and review of compliance policies and procedures in line with local and international standards.
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Conduct thorough due diligence and identify any potential compliance risks.
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Prepare and execute the annual branch compliance plan.
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Manage compliance inspections and audits.
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Inform and train local employees on compliance matters material to the branch
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Assist in responding to regulatory, auditor, and external authority queries and information requests from UAE authorities and the DFSA concerning relevant regulatory and money laundering matters.
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Participate in the design and testing of internal compliance frameworks and conduct routine monitoring activities, including preparing quarterly compliance reports.
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Collaborate with internal teams to ensure business operations adhere to compliance requirements.
Requirements:
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Understanding of DFSA or FSRA regulation (or equivalent e.g. FCA)
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3+ years of experience in Compliance within the reinsurance/insurance sector.
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Proficiency in written and spoken English
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Excellent communication and interpersonal skills
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Comfortable working independently and equally effective as part of a collaborative team.