Assistant Manager Compliance

Job description / Role

About Al-Futtaim Group

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 currently seeking an Assistant Manager - FATCA & CRS Compliance who will ensure strict adherence to FATCA and CRS regulatory obligations. This role involves developing and implementing effective FATCA CRS compliance programs, conducting due diligence reviews, managing reporting obligations, and proactively mitigating risks of non-compliance in line with UAE regulatory requirements.

What you will do:

• Provide compliance oversight and governance for FATCA and CRS across the organization
• Develop, implement, and maintain FATCA CRS policies, guidelines, procedures, and internal controls in line with regulatory requirements
• Ensure timely and accurate submission of FATCA and CRS reports to the regulatory authorities
• Monitor internal processes to ensure correct collection, validation, and retention of self-certifications and KYC documentation
• Conduct due diligence on new and existing clients to determine FATCA CRS classification and reporting obligations
• Identify and resolve gaps or inconsistencies in client documentation related to tax residency
• Monitor FATCA and CRS regulatory changes, assess their impact, and update management and internal procedures promptly to ensure continued compliance
• Collaborate with all stakeholders to ensure proper implementation of FATCA CRS controls and reporting systems
• Liaise with regulators, auditors, and supervisory authorities in connection with FATCA CRS compliance reviews and examinations
• Provide training and guidance to relevant teams to ensure awareness and compliance with FATCA CRS obligations
• Escalate complex or high-risk cases to Senior Management and ensure all risks are clearly highlighted and approved

Required skills to be successful:

• Excellent organizational and time management skills, with the ability to prioritize tasks under pressure
• Strong analytical skills and attention to detail
• Exceptional communication skills, both verbal and written, with the ability to engage confidently with internal stakeholders and clients
• Working knowledge of reporting systems, data validation tools, and compliance monitoring solutions
• Strong interpersonal skills and proven ability to collaborate across departments

What equips you for the role:

• Minimum 4 to 5 years of FATCA CRS compliance experience in insurance, banking, or financial services in the UAE
• Bachelor's degree in law, finance, commerce, business administration, or a related field
• CAMS, ICA, or equivalent certifications are preferred
• Strong knowledge of FATCA CRS and KYC regulations and understanding of industry best practices and internal controls

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.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.