Local Compliance Officer

• Monitor and oversee Solvency II compliance
• Manage relationship with and reporting to the Regional Management Team (which acts also as Italian Board)
• Lead locally the global topic responsibilities: conflict of interest, communication & training
• Liaise with and support the Regional & Italian management to ensure promotion of a culture of integrity and compliance throughout the business
• Provide input for risk analysis
• Interface with Regional and Local functions, peers, trade associations and compliance forums
• Manage relationship with Group and Regional Compliance
• Overall Reporting: compliance related reports
• Tasks expected from the compliance functions relating to the Solvency 2
• Implement relevant local compliance policies and procedures to mitigate risk of DFSA rule breaches
• Foster good relationships with the DFSA and any other relevant regulator and/or stakeholder in the MENA region
• Provide independently of local senior management, a reporting mechanism for all local employees of the Firm
• Responsibility for drafting an Annual Compliance Plan that should address the key objectives to mitigating compliance risk
• Responsibility for compliance matters in relation to the Firm s services per applicable DFSA GEN rules
• Responsibility for the implementation of the Firm s anti money laundering policies, procedures, systems and controls and day-to-day oversight of its compliance with the rules in AML and any relevant anti money laundering legislation applicable in the DIFC
• Responsibility for the following matters per DFSA AML rule:
• The day-to-day operations for compliance by the Firm with its AML policies,procedures, systems and controls
• Acting as the point of contact to receive notifications from the Firm s employees under DFSA AML rule 13.2.2
• Taking appropriate action under DFSA AML rule 13.3.1 following the receipt of a notification from an employee of the Firm
• Making, in accordance with Federal Law No. 4 of 2002, suspicious activity reports Acting as the point of contact within the Firm for competent UAE authorities and the DFSA regarding money laundering issues
• Responding promptly to any request for information made by competent UAE authorities for the DFSA
• Receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices, or other conclusions described in DFSA AML Chapter 10
• Establishing and maintaining an appropriate money laundering training programme and adequate awareness arrangements under DFSA AML Chapter

Responsibilities

Market knowledge

• Know own market basics and regulatory environment
• Work experience in DIFC based organisation

Business expertise

• Strong arbitration skills

Ability to implement Group standard at local level

• Strong skills in follow-up of multiple related projects
• Ability to build a professional network

Internal leadership behaviour

• Ability to implement Legal and Compliance Solvency II Policies and guidelines
• Conflict management: arbitrage, independence

Minimum Group compliance know-how

• Ability to anticipate compliance risk
• Compliance advisory, risk identification and assessment, monitoring, and early warning

Interpersonal skills

• Business partner having acquired business knowledge
• Clear sense of the priorities and key deliverable
• Capacity to work in a team across the Regio
• Basic understanding of commonly used Generative AI / GenAI / Generative Artificial Intelligence platforms, as well as an awareness of best practices and the potential risks associated with AI in the workplace to apply.
• Fluent in English