Compliance Officer (Regulatory Position)
Full time
na AIG
no
UAE
Publicado em January 8, 2025
Detalhes do emprego
Compliance Officer (Regulatory Position)
Who we are American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. Get to know the business General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world's most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. About The Role How you will create an impact To support the business to ensure compliance with UAE Central Bank (CBUAE) and Dubai Financial Services Authority (DFSA) rules and regulations in addition to internal AIG policies and procedures. Advise Senior Management and Business Functions on the applicability of rules, regulations, policies and procedures related to Compliance Risks. Evaluate Compliance risks on an ongoing basis, advice risk mitigation actions and measures to deter external exposure. What you need to know:- Provide timely and accurate advice and guidance to the Business regarding entity specific regulatory requirements including any other relevant local regulatory bodies and AIG Corporate Compliance Policies;
- Assist local management with development of systems and controls for the achievement of compliance with regulatory requirements (including Compliance/AML/CFT/ Sanctions) and AIG Corporate Compliance Policies;
- Assist the RCO/ Head of Compliance with the preparation of the annual Compliance Monitoring Schedule and Conduct monthly/ quarterly/ annual Compliance monitoring/ testing in accordance with the Compliance Monitoring Plan;
- Provide advice and guidance to local management and other relevant staff regarding necessary remediation of regulatory issues identified either while carrying out compliance monitoring and testing activities or in day to interaction and monitor the progress of remedial actions undertaken. Provide timely reports as required;
- Monitor the appropriateness and effectiveness of the firm's AML/CFT and Sanctions training program; provide reports to the firm's senior management as required; Exercise any other functions given to the MLRO, whether under the AML/CFT Law, these rules or otherwise;
- Receive, investigate and assess internal suspicious transaction reports for the firm; Make suspicious transaction reports to the FIU; Act as a central point of contact between the firm, and the FIU, the Regulator and other State authorities, in relation to AML and CFT issues; Promptly respond to any request for information by the FIU, the Regulator and other State authorities in relation to AML and CFT issues;
- Receive, review and act on internal/ external/ regulatory information requests. Coordinate with relevant function to obtain the required information;
- Assist the RCO/ Head of Compliance in the carrying out of Compliance Functions COMP001 to COMP013;
- Escalate compliance issues and potential violations of compliance policies and procedures, laws, regulations and standards of good business to Group Compliance as appropriate;
- Conduct the annual Compliance Risk Assessment Review for the AHAC and AIG MEA Limited.
- Act as the company's key person in implementing the policies and procedures falling within the Compliance department remit both internal as well as external i.e., rules/ regulations received from CBUAE and DFSA;
- Maintain oversight of the Compliance Function by ensuring the company's policies, procedures, systems and controls are in line with local and global requirements while considering risk-based approach is maintained;
- Support Senior Management and coordinate their focus on managing the firm's operations in line with local regulatory requirements; and
- Assist and advice in ensuring that the firm's wider responsibility for identifying, preventing and reporting money laundering, terrorist financing and sanctions risks are addressed effectively.
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