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 Compliance Officer will play a key part in the Lockton Insurance Brokers office in Dubai Hills. The primary objective of this role is to take a proactive stance in devising solutions for business challenges, offering strategic advice, training, and guidance in the formulation of Lockton policies and procedures. This position demands maintaining exemplary professional standards that comply with legal and regulatory mandates, as well as upholding our ethical obligations and responsibilities towards our clientele, ensuring equitable treatment and effective management of conflicts of interest.
The role encompasses the provision, oversight, and assurance of the organization's ability to equip itself with the necessary procedures, competencies, and tools essential for the delivery of its services and the achievement of its strategic goals. Furthermore, it involves extending comprehensive support across all operational facets within the Legal & Compliance Unit, fostering an environment of compliance excellence and strategic alignment.
This is a fantastic opportunity for a seasoned Compliance Officer to join the world’s largest privately owned insurance brokerage firm in the world, working as part of the UAE Operations function.
Your responsibilities:
- Engaging in communication with the CBUAE and various governmental entities concerning regulatory compliance issues.
- Facilitating coordination for ADHICS Audits and quarterly reports to HAAD
- Crafting and executing sophisticated internal compliance training initiatives.
- Contributing to the compliance team's efforts in fulfilling departmental goals and upholding standards.
- Establishing connections with peers across different locations on compliance and AML topics.
- Instituting robust procedures to minimize the risks associated with financial crimes, money laundering, bribery, and corruption within our operations.
- Overseeing the onboarding of new clients and the continuous scrutiny of existing accounts.
- Conducting ongoing assessments of client status changes, including the establishment of controls for account openings and transactions.
- Guaranteeing the comprehensive documentation of case notes, especially for exceptional approvals and risk evaluations.
- Elevating irregularities and sanctioning decisions to the upper management.
- Managing complaints that escalate to the compliance level, ensuring accurate record-keeping and the derivation of lesson
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 to be true to yourself in all that 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 and Benefits Package
- Professional experience in a truly global company that is reshaping the industry
- Excellent growth opportunities
- Benefit from a collaborative approach with in-country specialists to assist you in driving growth
- Support, coaching and development to help you to be the best you can be
- Hybrid working model, offering you flexibility and a great working environment