Job Description

Job Description

Position: Compliance Officer

Department: Compliance

Location: Amanah Insurance

Reports To: CEO and CFO

Job Summary

The Compliance Officer is responsible for supporting Amanah Insurance in meeting its regulatory, policy, and ethical obligations across its operations. The role helps strengthen internal compliance practices, supports monitoring and reporting activities, and promotes a culture of integrity, accountability, and responsible business conduct. The position works closely with management and relevant departments on assigned compliance, control, and regulatory matters.

Key Duties and Responsibilities 1. Regulatory Compliance

• Support compliance with applicable insurance laws, regulations, and regulatory requirements.
• Assist in preparing and submitting regulatory and statutory reports within required deadlines.
• Maintain proper records of regulatory filings, compliance obligations, and official correspondence.
• Monitor relevant regulatory developments and highlight key changes to management.
• Support communication and follow-up with regulators on compliance-related matters.

2. Policy Implementation and Internal Compliance Support

• Assist in implementing compliance policies, procedures, and internal controls across the business.
• Support the review and update of compliance-related policies, registers, and working documents.
• Help ensure day-to-day business activities are aligned with internal policies and regulatory expectations.
• Promote awareness of compliance responsibilities across departments.
• Support the documentation of compliance processes and control activities.

3. Monitoring, Reviews, and Reporting

• Assist in conducting compliance checks, monitoring reviews, and internal control assessments.
• Track compliance issues, breaches, and corrective actions to support timely closure.
• Prepare compliance reports, summaries, and status updates for management review.
• Maintain accurate and organized compliance records and action trackers.
• Support internal and external audit processes relating to compliance matters.

4. AML, KYC, and Ethical Conduct

• Support implementation of Anti-Money Laundering (AML), Know Your Customer (KYC), and due diligence requirements.
• Assist in reviewing customer and operational documentation for compliance completeness.
• Help identify and escalate unusual transactions, documentation gaps, or control concerns.
• Support compliance with internal ethical standards, codes of conduct, and reporting channels.
• Handle sensitive compliance matters with confidentiality and professionalism.

5. Training and Awareness

• Coordinate compliance awareness and staff training activities.
• Support the preparation of guidance notes, presentations, and internal compliance communications.
• Track completion of mandatory compliance and AML/KYC training requirements.
• Provide basic compliance guidance to staff on routine procedures and obligations.
• Promote a positive culture of compliance, accountability, and good governance.

Experiences and Qualifications

Person Specification Education

• Bachelor’s degree in Law, Finance, Business Administration, Accounting, or a related field.
• Relevant academic or practical exposure to compliance, audit, risk, governance, or legal matters is an advantage.

Professional Certifications

• Professional certifications in compliance, AML, audit, risk, or accounting are desirable but not essential.
• Certifications such as CAMS, CCO, ACCA, or CPA will be considered an added advantage.

Experience

• 1–3 years of relevant experience in compliance, audit, risk, finance, legal support, or internal control.
• Experience in insurance, financial services, or another regulated environment is an advantage.
• Familiarity with AML/KYC processes and regulatory reporting requirements is preferred.

Skills and Competencies

• Sound understanding of compliance principles, internal controls, and professional ethics.
• Strong attention to detail and ability to maintain accurate records.
• Good analytical, organizational, and problem-solving skills.
• Clear written and verbal communication skills.
• Ability to manage confidential information with discretion and professionalism.
• Proficiency in Microsoft Office applications, especially Excel, Word, and PowerPoint.

Personal Attributes

• High level of integrity and ethical conduct.
• Strong sense of responsibility and accountability.
• Willingness to learn and develop in a regulated environment.
• Professional and collaborative approach to working with others.
• Ability to manage assigned tasks in an organized and timely manner.

Success Measures

Success in this role will be measured through:

·         Timely and accurate submission of assigned regulatory and compliance reports.

·         Quality and completeness of compliance records, registers, and documentation.

·         Effective tracking and closure of compliance issues and corrective actions.

·         Support provided during audits, reviews, and regulatory engagements.

·         Staff completion rates for compliance and AML/KYC training.

·         Contribution to strengthening compliance awareness and internal control practices.

Additional Information

• Familiarity with the regulatory environment will be an advantage.
• The role works closely with both the CEO and CFO on assigned compliance, regulatory.
• The position requires professionalism, confidentiality, and a strong commitment to ethical business practice.

Skills Required

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