Senior Governance and Compliance Specialist I Dubai | Financial Services| Orient Insurance PJSC

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

 By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job Description: 

We are seeking a highly experienced and motivated professional to join our team as a Senior Governance, Compliance (GC) Specialist. This position plays a pivotal role in ensuring the company’s adherence to regulatory standards, mitigating risks, and maintaining a robust governance framework within the dynamic insurance industry of the UAE. The role also involves engaging effectively with a variety of regulatory bodies, including CBUAE, SCA, DoH, and DHA. Additionally, the Senior GC Specialist will oversee the governance and compliance functions of the company’s branches and subsidiaries located outside of the UAE.

What you will do

Governance

• Develop, implement, and maintain the corporate governance framework and policies across the organization.
• Ensure compliance with legal and regulatory requirements set by authorities, including CBUAE, SCA and other regulatory bodies.
• Collaborate with stakeholders to align the governance structure with the company’s strategic objectives.
• Evaluate and report on the effectiveness of governance systems to senior management and the Board of Directors.
• Maintain a strong understanding of local and international governance practices to ensure the company’s policies remain forward-thinking and effective.
• Oversee and ensure alignment of governance policies across branches and subsidiaries outside of the UAE, adhering to the respective local regulations and standards.

Compliance

• Ensure the company complies with UAE insurance laws, healthcare regulations, anti-money laundering (AML) requirements, and standards set by CBUAE, SCA, DoH, and DHA.
• Establish and oversee compliance monitoring and corrective action plans.
• Provide training and awareness programs to employees on compliance-related topics, regulatory changes, and industry updates.
• Act as the primary point of contact for regulatory audits, inspections, and inquiries from the regulators.
• Develop strong relationships with regulators and industry bodies to stay informed on evolving compliance expectations and foster collaboration.
• Oversee compliance frameworks for branches and subsidiaries outside of the UAE, ensuring adherence to their respective local laws and regulations.

Required Skills to be successful

• Minimum of 8-10 years of experience in Governance and Compliance, within the UAE insurance industry.
• In-depth knowledge of UAE insurance and healthcare regulations, governance frameworks, and risk management best practices.
• Bachelor’ s degree in Law, Finance, Risk or a related field. Master’s degree and/or professional certifications in compliance, AML, Risk, Governance.
• Strong analytical and problem-solving skills with the ability to make strategic decisions under pressure.
• Excellent communication and interpersonal skills, capable of engaging effectively with senior management, regulators, and cross-functional teams.
• Proven experience in liaising with multiple UAE regulators, including CBUAE, SCA, DoH, and DHA.
• Experience in managing GRC functions for international branches and subsidiaries, with knowledge of respective local regulatory landscapes.

What equips you for the role

• Proactive and detail-oriented, with a commitment to integrity and ethical conduct.
• Ability to work independently and lead teams in a fast-paced environment.
• Demonstrated leadership qualities and a collaborative mindset.

About Orient Insurance PJSC

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.