Compliance & AML Officer
***Due to regulatory requirements, ONLY UAE nationals will be considered for this role***
Who we are
GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with presence in 13 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$ 3.83 billion and $69 million net profit for the year 2023. The majority shareholder of GIG Group is Toronto based Fairfax Financia Holding, a global leader in insurance and reinsurance with a presence in 40 markets.
GIG Gulf is an ‘A’ rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.
GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region’s digital insurer of reference, committed to running our operations in a responsible, sustainable way.
Job purpose:
The Compliance Officer will be responsible to assist the Compliance Manager on the day-to-day tasks related to Compliance.
Key Responsibilities
- Manage Compliance related systems internally for UAE
- Monitor Compliance mailbox and maintain logs.
- Organize and maintain all compliance related records and files
- Support Compliance Manager/MLRO in regulatory communication, and preparing regulatory reports.
- Prepare Monthly Compliance Dashboard for UAE management
- Support Compliance Manager/MLRO in compliance assurance reviews.
- Support Compliance Manager in Compliance/AML training to relevant employees
- Assist Compliance Manager in Compliance Risk Assessment
- Assist in reviewing day to day tasks related to customer screening and queries from the business.
- Assist Compliance Manager/MLRO in preparing PEP profiles and PEP approvals
- Manage UAE Regulations in the internal systems
- Administrative support for UAE Governing Body meetings
- Establish and review internal policies and procedures relating to compliance policies and procedures.
Operational & technical responsibilities
- Proficient word and excel processing and computer skills
- Provide support to Compliance Manager/MLRO for coordinating with respective stakeholders for compliance matters
Minimum requirements of role
Essential:
- UAE nationals with “Family book” (Due to regulatory requirements, ONLY UAE nationals will be considered for this role).
- University Graduate in any discipline, preferably business, commerce, financial studies graduates.
- 1-2 years experience in Compliance and AML
- Highly adaptable to learning internal systems
Desirable:
- Any Compliance or AML related certification will be an advantage
How To Apply!
You may drop us an email with your updated resume, mentioning in the subject line of your email the “role title” you wish to apply for.