Regulatory Relationship Manager

As part of our commitment to Emiratisation, this role is prioritised for Emirati talent - supporting the development of future leaders in the insurance industry.

Working at Lockton

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented, and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here .

The Regulatory Affairs Manager/ Regulatory Relationship Manager will play a key role in managing Lockton relationship with regulators across the UAE and other jurisdictions where Lockton operates. The primary objective of this role is to ensure compliance with relevant laws and regulations that are applicable to our business. This role requires strategic oversight and proactive management of regulatory compliance, reporting, and risk mitigation, along with an ongoing liaison with regulators to promote effective communication and alignment with regulatory requirements.

Your Responsibilities

• Establish and maintain strong, collaborative relationships with local and international regulatory bodies.
• Serve as the primary point of contact for regulatory inquiries, inspections, and audits.
• Represent the organization in meetings with regulatory authorities, providing accurate and timely responses to inquiries and requests.
• Ensure the company’s operations comply with applicable laws, regulations, and industry standards.
• Reviewing and updating the compliance manuals and ensuring they are aligned with the latest regulatory developments and legislations.
• Monitor regulatory changes and updates, analyzing their impact on the business operations and advising management on the necessary adjustments and changes to business processes and internal policies and procedures.
• Prepare and present regulatory updates to senior management and relevant stakeholders, highlighting potential compliance issues and proposed mitigation strategies.
• Maintaining UpToDate internal risk assessments in relation to AML/CFT/PF/TFS and incorporating newly identified typologies and trends highlighted in the country’s Risk Assessment and regulatory guidance.
• Collaborate with other departments to develop training programs that enhance regulatory awareness and compliance across the organization and provide guidance and mentorship to associates on regulatory issues and compliance practices.
• Oversee regulatory reporting requirements, ensuring timely and accurate submission of reports, filings, and disclosures.
• Overseeing regulatory licensing requirements

Qualifications and Experience

o knowledge and Experience:

• Strong knowledge of relevant laws, regulations, and industry standards, with specific familiarity in AML/CFT regulations.
• Relevant operating experience of working in a risk and compliance environment.
• An understanding of the insurance broking business, and general knowledge of insurance products and services.
• Willingness and ability to continue to develop knowledge of the insurance industry and enroll through formal and informal learning.

o Qualifications

• Bachelor’s degree in law, Business, Finance, or related field (Master’s or professional certifications, such as CII, ACAMS, or GSSC, are preferred).
• 3+ years of experience in regulatory affairs, compliance, or a related field within financial services, insurance, or a regulated industry.

o Personal Skills

• Excellent interpersonal and communication skills, with a proven ability to manage complex regulatory relationships.
• Proven experience in analytical and problem-solving skills, including research andinvestigation.
• Proven ability in problem solving skills, including the ability to resolve unusual and complex issues and devise actionable solutions.
• Conscientious with a keen attention to detail.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over

100 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you tobe true to yourself in allthat you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

• Competitive Salary andBenefits Package

• Professional experience in a truly global company that is reshaping the industry

• Excellent growth opportunities

• Benefit froma collaborative approach with in-country specialists to assist you in driving growth

• Support, coaching and development tohelp you to be the best you canbe

• Hybrid working model, offering you flexibility and a great working environment