Compliance Officer (Perm)

JOB DESCRIPTION

1. ROLE DETAILS :

Position title : Compliance Officer (MC / 2)

Reports to : Compliance Manager

Department : Governance & Control

2. ROLE PURPOSE :

The Compliance Officer plays a key role in ensuring the company operates within the regulatory framework.

This position is responsible for developing, implementing, and maintaining compliance programs, policies, and procedures, as well as providing expert guidance to management and staff. The role ensures all business activities align with applicable laws and regulations. Additionally, the Compliance Officer supports the Compliance Manager by overseeing regulatory compliance, ensuring policies are current, managing risk oversight processes, and ensuring full compliance with Qatar Central Bank (QCB) guidelines.

3. KEY ACCOUNTABILITIES :

• Compliance Management : Responsible in the establishment and monitoring of compliance policies and procedures for all departments and assisting the Compliance Manager on Compliance issue for client with QCB and any other regulator as applicable.
• Provide training to the employees on compliance issues as and when necessary.
• Coordinate with Compliance Manager to provide relevant compliance updates to the competent departments.
• Ensure compliance of client's insurance products and policies with the legal and regulatory requirements.
• Assist Compliance Manager to identify the actual and potential conflicts of interest and manage them legally and effectively.
• Responsible for the formulation and implementation of Compliance program & Compliance plan.
• Receive, review and close all circulars / letters received from QCB or any other regulator.
• Coordinate with Compliance champions for Compliance review meetings and QCB requirements.
• Identify and measure regulatory risks and assess its impact on business and ensure compliance with legal aspects and requirements.
• Continuously monitor compliance with statutory obligations and advise management accordingly.
• Formulate compliance checklists to be used for the purpose of ensuring that all information required is provided accordingly.
• Prepare monthly and quarterly reports for executive management meetings.
• Assisting the BOD Secretary : Assist the BOD secretary in preparing presentations; Support the preparation of minutes of meetings (MOM) and ensure their accuracy; Manage and organize the filing and documentation related to the Board of Directors; Ensure documents are organized and easily accessible; Provide logistical support during Board meetings, ensuring all materials are prepared in advance; Follow up on action items from Board meetings and coordinate with relevant departments.
• Regulatory Compliance : Review and monitor changes in the regulatory environment in respect to regulations; Ensure that client is in compliance with regulations and guidelines; The Compliance Officer reports to the Compliance Manager; The jobholder exercises financial authority as per the level established by client's Management; Always review Compliance requirements and be compliant to QCB and other regulations.

5. FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY :

Meet with regulators on an ad-hoc basis to clarify new regulations and make sure client meets the requirements and deadlines for implementation.

Policies, Systems, Processes & Procedures : Develop and oversee the implementation of department policies, procedures and controls covering all areas of Compliance department activity so that all relevant procedural / legislative requirements are fulfilled while delivering a quality, cost-effective service.

Leadership : Assist Compliance Manager to manage the effective achievement of client's objectives through the leadership Compliance department setting individual objectives, recruiting qualified staff, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to maximise subordinate and departmental performance.

4. KEY PERFORMANCE INDICATORS :

6. COMMUNICATIONS & WORKING RELATIONSHIPS :

Internal :

External :

7. KNOWLEDGE & EXPERIENCE :

8. SKILLS & COMPETENCIES :

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