Compliance Officer

About the Role

Gulf Union Al Ahlia is seeking a Compliance Officer to join their team in Dammam, Eastern Region. This full-time role focuses on supporting the implementation of regulatory requirements and ensuring adherence to applicable laws, regulations, and internal policies within the insurance sector.

Key Responsibilities

• Monitor compliance with applicable laws, regulations, and Insurance Authority requirements.
• Review internal policies and procedures to ensure regulatory compliance.
• Identify compliance risks and recommend appropriate corrective actions.
• Support regulatory reporting and maintain accurate compliance records.
• Conduct compliance reviews and follow up on identified observations.
• Raise awareness of compliance requirements across departments.
• Coordinate with internal stakeholders on regulatory matters.
• Support the implementation of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements, where applicable.

Qualifications and Experience

• Bachelor’s degree in Law, Business Administration, Finance, or a related field.
• Relevant experience in compliance, preferably within the insurance or financial services sector.
• Good knowledge of applicable Saudi regulations and Insurance Authority requirements.

Required Skills

• Strong analytical skills.
• Effective communication skills.
• Proficiency in reporting.
• Fluency in Arabic and good command of English.

Work Environment

This is a full-time position based in Dammam, focusing on regulatory compliance within the insurance industry.