Regulatory Compliance Officer

Engagement details:Job Title: Regulatory Compliance OfficerClient: Leading Reinsurance firmEmployment type: Permanent roleLocation: Onsite in Dubai, UAEExperience level: 5+ yearsRole Overview:Our client, a leading reinsurance firm and DFSA-regulated entity, is seeking to appoint a Regulatory Compliance Officer to join its Dubai-based team. This role will play a critical part in the effective implementation and day-to-day management of the compliance framework, including AML policies, procedures, and controls, ensuring full adherence to the DFSA Rulebook and applicable DIFC regulations.Key Responsibilities:Counsell and support the branch and its business activities complying with the provisions of applicable laws and regulations as well as related regulatory directions and internal policies.Implement recommendations, guidance, and directives as set out in the DFSA Rulebook.Develop and maintain monitoring and reporting procedures to identify, report, and address compliance breaches promptly.Prepare and submit Suspicious Activity Reports as required by Federal AML legislation.Contribute to the creation, implementation, and review of compliance policies and procedures in line with local and international standards.Conduct thorough due diligence and identify any potential compliance risks.Prepare and execute the annual branch compliance plan.Manage compliance inspections and audits.Inform and train local employees on compliance matters material to the branchAssist in responding to regulatory, auditor, and external authority queries and information requests from UAE authorities and the DFSA concerning relevant regulatory and money laundering matters.Participate in the design and testing of internal compliance frameworks and conduct routine monitoring activities, including preparing quarterly compliance reports.Collaborate with internal teams to ensure business operations adhere to compliance requirements.Requirements:5+ years of experience in Regulatory Compliance within the financial services industryUnderstanding of DFSA or FSRA regulation (or equivalent e.g. FCA) is preferredPrior experience of working with global firmsProficiency in written and spoken EnglishExcellent communication and interpersonal skillsComfortable working independently and equally effective as part of a collaborative team.