Compliance Officer & MLRO (Bahraini)

Role Purpose

The Compliance Officer & MLRO ensures the Company’s full adherence to CBB regulations and AML/CFT requirements. The role protects the business from regulatory, financial crime, and reputational risks through effective compliance frameworks and serves as the primary liaison with CBB on all compliance and AML matters.

KEY RESPONSIBILITIES, ACCOUNTABILITIES AND ACTIVITIES

· Maintain an effective compliance framework aligned with CBB rulebook.

· Monitor regulatory updates and ensure timely policy and process revisions.

· Submit all CBB regulatory reports and notifications accurately and on time.

· Advise the CEO and Board on compliance risks and regulatory expectations.

· Conduct compliance reviews and oversee internal governance and ethical standards.

· Lead regulatory inspections and audits, providing clear reports to senior management.

· Act as the Company’s approved MLRO and primary contact for AML matters.

· Oversee KYC, CDD/EDD, sanctions screening, and ongoing customer monitoring.

· Investigate suspicious activity and submit STRs when necessary.

· Ensure effective transaction monitoring and AML/CFT controls.

· Develop and maintain compliance, AML/CFT, sanctions, and governance policies.

· Ensure policies are communicated, understood, and consistently followed.

· Provide regulatory advice for new products, business initiatives, and high-risk cases.

· Deliver compliance and AML/CFT training to all staff and promote a strong compliance culture.

QUALIFICATIONS & EXPERIENCE

· Minimum 4 - 10 years of experience in AML, compliance, or regulatory roles within financial services.

· Strong understanding of the CBB Rulebook, AML/CFT regulations, and governance frameworks.

· Experience interfacing with regulators, auditors, and senior decision-makers.

· Excellent analytical, investigative, and report-writing skills.

· High level of integrity, confidentiality, and professionalism.

· Bachelor’s degree in Law, Business, Finance, or a related field.

· Professional certifications preferred (CAMS, ICA, or equivalent).

· Must meet CBB Fit & Proper requirements and be approved to act as MLRO & Compliance Officer.

Job Type: Full-time

Pay: BD1,800.000 - BD2,000.000 per month