Al-Futtaim Group

Compliance Manager| Financial Services| Orient Insurance PJSC

Location
Arab Emirate
Salary
Competitive salary + benefits
Posted
27 Nov 2023
Closes
18 Dec 2023
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Manager

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job Description

A compliance manager is responsible for ensuring that the company's policies and procedures comply with regulatory and ethical standards. The compliance manager also oversees the implementation and enforcement of the compliance program, as well as the training and education of staff on compliance issues.

What you will do:

  • Develop, review, and update the company's compliance policies and procedures in accordance with applicable local and international laws and regulations.
  • Monitor and audit the company's operations and activities to identify and assess compliance risks and gaps.
  • Implement corrective and preventive actions to address compliance issues
  • Provide guidance and advice to management and staff on compliance matters and best practices.
  • Coordinate and collaborate with internal and external stakeholders, such as legal, audit, risk, and regulatory authorities.
  • Manage and supervise the compliance team and ensure their performance and development.
  • Liaise with regulators on compliance related matters.
  • Maintain compliance calendar for the company.
  • Design and deliver compliance training and education programs for staff and management.
  • Prepare and maintain compliance reports and documentation for internal and external purposes.
  • Stay updated on the latest developments and trends in compliance regulations and standards.

Required skills to be successful:

  • Knowledge and understanding of compliance laws and regulations applicable to insurance industry.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent communication, presentation, and interpersonal skills.
  • High ethical standards and integrity.
  • Ability to work independently and collaboratively in a fast-paced environment.
  • Proficiency in Microsoft Office and compliance software and tools.

What equips you for the role:

  • Bachelor's degree in law or related field.
  • Bilingual – Arabic and English proficiency
  • Minimum of five years of experience in compliance or legal roles within insurance industry
  • Certification in compliance would be an added advantage

About Orient Insurance PJSC:

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman and Bahrain.

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