Job Purpose:

The Compliance Officer is responsible for monitoring, reviewing, and implementing regulatory compliance across the insurance company's operations. This includes developing policies and procedures, conducting audits, training employees on compliance matters, and ensuring the company’s adherence to the Insurance Authority (IA) regulations and other relevant insurance laws. The Compliance Officer will collaborate with internal departments to address compliance issues, maintain regulatory filings, and safeguard the organization from legal and reputational risks

.
Responsibilitie

• s:
  Policy Development & Monitor

1. ing
   Develop and maintain compliance policies, procedures, and guidelines in line with regulatory requireme
2. nts.Conduct regular reviews to ensure policies are updated and adhered to across all departme

• nts.
  Regulatory Compli

1. ance:
   Monitor and ensure compliance with IA regulations, insurance laws, and industry stan
2. dards.Handle regulatory filings and coordinate with regulatory bodies to address compliance related inqu

• iries.
  Risk Mana

1. gement:
   Identify compliance risks and implement appropriate mitigation m
2. easures.Conduct internal audits to assess compliance with laws, regulations, and company p
3. olicies.Combating the financial insurance crimes (ML/TF/Fraud/Corr

• uption).
  Training & A

1. wareness:
   Develop and deliver compliance training programs to employees to enhance understanding of regulatory req
2. uirements.Promote a culture of compliance and ethical behavior within the org

• anization.
  Investigation &

1. Reporting:
   Investigate potential compliance violations, prepare reports, and recommend correct
2. ive actions.Prepare periodic compliance reports for senior management and regula

• tory bodies.
  Collaboration & C

1. ommunication:
   Liaise with internal departments to ensure compliance measures are effectively integrated into busin
2. ess processes.Serve as the primary point of contact for regulatory authorities and exte

rnal auditors.
Qualificati

• ons and Skills:
  Bachelor’s degree in law, Business Administration, or
• a related field.Relevant certifications such as Certified Compliance Officer (CCO) or equiva
• lent are a plus.Minimum of 2-3 years of experience in compliance or a related field, preferably in the insurance or financial
• services sector.Strong understanding of IA regulations and Saudi insuranc
• e industry laws.Experience in developing compliance policies, conducting audits, and managing reg
• ulatory filings.Experience in Compliance related functions (Anti-fraud, Anti-Corruption
• , AML & CTF)Excellent knowledge of regulatory frameworks and complianc
• e methodologies.Strong analytical and problem
• -solving skills.Effective communication and inter
• personal skills.High ethical standards and ability to handle sensitive information with
• confidentiality.Proficiency in Microsoft Office (Excel, Wo
• rd, PowerPoint).Proficiency in Both English and Ar