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Location:
Dubai
Salary - AED :
30000 / Month
Experience :
10 Years
COMPLIANCE AND LEGAL MANAGER   (29810)

 

A multinational insurance provider is looking for a Compliance and Legal Manager.

 

Job Summary:

 

Overseeing all the compliance & Legal functions and responsible for providing compliance support to monitor the implementation and effectiveness of the company. Liaise and strengthen the working relationship with UAE Insurance Authority, Emirates Insurance Association, DHA, HAAD, MoH, UAE Courts and other competent authorities.

 

Essential Job Functions:  

 

Compliance:

o Ensure company policies and procedures are up to date and include any legal changes from new IA, DHA, MoH etc. legislation or industry regulations.

o Review and monitor the AML/CFT function, as well as manage the regulatory and audit inquiries for the company.

o Provide advice and oversight on Regulatory Compliance, Compliance monitoring, Financial Crime and Data Protection.

o Lead the resolution of all regulatory claims issues arising out of examinations, audits, and inquiries.

o Ensure remediation and appropriate preventive action in response to violations of rules, regulations and policies;

o Partners with internal colleagues for compliance-related matters, including workflows, policies and procedures, quality review, action plans and training.

 

Legal:

o Support the organization in managing legal risk by proactively researching & responding to various issues affecting the business.

o Provide weekly updates on any new IA or Ministry regulations, rules or case law that will affect the organization’s operations in any way (directly or indirectly).

o Legal oversight on all claims management matters including processes, systems, investigations, negotiations and court matters.

o Manage litigation issues to ensure that all matters are handled efficiently and cost effectively.

o Review and advise management on legal implications of internal policies, procedures and other documents and ensure that they are compliant with all statutory or legal requirements.