Compliance Associate

Date: 27 Oct 2025

Location:
KW

Company:
Alghanim Industries

Long Description Job Summary
To ensure the company’s operations fully comply with applicable laws, regulations, and internal policies issued by the Insurance Regulatory Unit, the Central Bank of Kuwait (if applicable), the Capital Markets Authority (CMA), and other relevant regulatory bodies. The Senior Compliance Officer supports the development, implementation, and monitoring of the company’s compliance framework, promoting a culture of integrity and sound governance across all departments.
Job Responsibilities
Regulatory Compliance

• Monitor and ensure adherence to Law No. 125 of 2019 on Insurance

Regulation and its Executive Regulations.

• Review and interpret new circulars, guidelines, and instructions issued by the Insurance Regulatory Unit and advise management accordingly.
• Prepare and submit all periodic and ad-hoc regulatory reports accurately and on time.
• Liaise with regulators during inspections, audits, and inquiries.

Internal Policies & Procedures

• Assist in developing, updating, and implementing compliance-related policies and procedures.
• Ensure company activities, products, and marketing materials comply with applicable legal and ethical standards.
• Conduct periodic reviews and compliance testing to identify gaps or non-compliance.

Advisory & Training

• Provide guidance to management and staff on compliance matters and regulatory changes.
• Conduct training sessions and awareness programs on compliance, anti-money laundering (AML), and ethics.

Anti-Money Laundering / Counter-Terrorist Financing

• Support the implementation of AML/CFT controls in line with Law No. 106 of 2013 , its Executive Regulations and Resolution No. (57) of 2023 regarding the issuance of rules for anti-money laundering and terrorist financing in insurance.
• Review suspicious transactions and ensure timely reporting to the Financial Intelligence Unit (FIU) when required.
• Ensure customer due diligence (CDD) and Know Your Customer (KYC) procedures are properly applied.

Monitoring & Reporting

• Perform regular compliance risk assessments across departments.
• Maintain records of compliance breaches, follow-up actions, and rectification plans.
• Prepare compliance reports for management, the Audit & Risk Committee, and the Board of Directors.

Candidate Requirements

Bachelor's degree

Min. 5 years of experience

Strong analytical and regulatory interpretation skills.

High ethical standards and integrity.

Excellent communication and report-writing abilities.

Strong attention to detail and organizational skills.

Ability to work independently and collaboratively with cross-functional teams.

Education Bachelor’s Degree