FIND_THE_RIGHTJOB.
Manama, Bahrain
Job Title : Money Laundering Reporting Officer (MLRO)
Location : Manama, Bahrain
Employment Type : Full-time
About Wello:
Wello is a Web3-enabled fintech company on a mission to redefine global payments and
remittances. By combining self-custody wallets, compliant fiat ramps, and stablecoin-based
infrastructure, we’re building a faster, cheaper, and more inclusive way to move money
across borders. As we expand into the Middle East, our Bahrain entity will serve as a
strategic hub for regional operations and regulatory licensing.
Position Overview:
We are seeking a highly skilled and motivated Money Laundering Reporting Officer (MLRO)
for Wello Bahrain. The MLRO will be instrumental in ensuring the company’s adherence to
Bahrain’s anti-money laundering (AML) and counter-terrorism financing (CTF) regulatory
obligations as prescribed by the Central Bank of Bahrain (CBB). The successful candidate
must possess strong knowledge of local AML/CTF frameworks and have a proven track
record of implementing and managing compliance programs within the financial services
sector.
Key Responsibilities:
● Develop, implement, and maintain a robust AML/CTF compliance framework in line with Bahrain’s CBB Rulebook, including regular risk assessments and control enhancements.
● Serve as the designated reporting officer for suspicious transaction reports (STRs) and ensure timely and accurate filing with the Financial Intelligence Directorate (FID)of Bahrain.
● Lead internal AML/CTF investigations and oversee the resolution and documentation of any identified compliance issues.
● Provide AML/CTF training to relevant staff and ensure ongoing education in line with the latest regulatory updates and typologies.
● Monitor transactions, customer activity, and account behavior to identify potential risks and ensure effective application of the risk-based approach.
● Conduct internal audits and compliance reviews to assess the effectiveness of AML controls and identify improvement opportunities.
● Maintain professional relationships and communications with the Central Bank of Bahrain and other competent authorities regarding AML/CTF compliance.
● Assist with customer due diligence (CDD), enhanced due diligence (EDD), and onboarding reviews to ensure regulatory alignment. Qualifications and Skills:
● Bachelor's degree in Law, Finance, Business Administration, or a related discipline. CAMS or equivalent certification preferred.
● Minimum 2 years of experience in an AML/CTF compliance role, ideally in Bahrain or within the GCC region.
● Strong understanding of Bahrain’s AML/CTF laws, CBB Rulebook Volume 6 (Capital Markets) and Volume 5 (Specialized Licensees), and FATF recommendations.
● Demonstrated ability to lead risk assessments and investigations with a high degree of diligence and confidentiality.
● Knowledge and experiences of cross-border payments and remittance business is a big plus.
● Exceptional communication, training, and stakeholder engagement skills.
● Fluency in English is required; proficiency in Arabic is highly desirable.
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