• The job holder will be directly responsible for developing and reviewing policies and procedures for the general operation of the Compliance function.

Major Accountabilities:

• Act as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated, investigated and resolved
• Conduct quarterly Compliance Audit and allocating compliance score based on regulatory and operational risk of various assessment units
• Review of Regulator’s Circulars & Notifications and conceptualizing and facilitating their implementation within the organization
• Ensure guidelines laid down in UAE Directives on Procedures for AML and Combating Terrorism Financing through Insurance Activities -Board of Directors Resolutions is followed
• Fraud reporting to Senior Management and Auditors
• Monitors the performance of the Compliance Program and relates activities
• on a continuing basis, taking appropriate steps to improve its effectiveness

Selection Criteria:

• University degree in Business Management, Finance, Law, Insurance, Statistics, Economics, Commerce or a similar academic qualification
• 5 years of relevant work experience in the fields of Compliance and Transparency
• UAE Nationals will be preferred
• Good knowledge of UAE law/regulations and culture
• Fluency in both Arabic and English languages is required
• Knowledge on Computer Applications
• Have a strong personality to be a trusted advisor
• Should be able to communicate and present ideas and training to audience

Interested candidates who fulfill the above requirements are requested to send their CV to: career@noortakaful.com

The deadline for receipt of all applications is 31 March 2010
Due to a high level of interest, only short listed candidates will be notified.