Compliance Officer / Money Laundering Reporting Officer

We are looking for a Compliance & MLRO Officer (CO) responsible for the oversight, management, and administration of the development, implementation, and daily operational tasks for maintaining an effective Compliance Program.

You will also be responsible for all areas of regulation and compliance in the Bahrain operation.

Responsibilities

• Developing, modifying, and implementing compliance policies and procedures;
• Administering compliance activities
• Monitoring compliance with the Code of Conduct;
• Maintaining compliance reporting systems;
• Evaluating, investigating, and documenting reports of non-compliant activity;
• Coordinating internal compliance investigations and routine audits;
• Developing and reviewing compliance education programs;
• Serving as coordinator for external investigations and inquiries related to the Program;
• Reporting compliance issues and activities on a regular basis to the Finance & Audit Committee of the Board;
• Preparing formal and informal responses to governmental investigations, inquiries, and requests with guidance from the Senior Management as appropriate;
• Promoting compliance awareness throughout the organization
• Recording activities requiring CO time and resources to document hours spent on compliance emails, phone calls, requested conflict of interest reviews, administrative responsibilities, and continuing education.
• To develop and implement all aspects of Anti-Money Laundering policies and procedures relative to the region.
• To ensure the group has the necessary systems to facilitate compliance with the Central Bank of Bahrain (CBB) / local Anti-Money Laundering (AML) regulations.
• Report to the Board and Senior Management on critical AML issues requiring their attention.
• Carry responsibility for overseeing and monitoring all daily AML tasks and functions
• Monitor adherence to the requirements of the AML Manual, Compliance Manual and the status of any necessary corrective action.
• Act as a coordinator between Operations and Operational Risk Management on the development and production of Key Risk Indicators (KRIs)
• Assist in the selection, creation, testing and implementation of new reports & Compliance related systems
• Liaise with HR to ensure that all ‘relevant’ staff receive AML and CBB regulatory training with the required frequency
• Development and production of Key Risk Indicators (KRIs)
  
  

Required Skills & Qualification

The candidate we are looking for will be driven and want to grow with the company. They will also be excellent and confident communicator with a positive attitude along with the ability to work on own

initiative.

• 5 or more years' experience in a Senior Compliance function within the financial services sector
• within the GCC.
• CBB Approved individual will be a plus.
• Must have Compliance professional qualification of CISI or ICA.
• Must have AML qualifications through ICA, CISI or ACAMS
• Excellent communicator
• Team player
• Confident & Self-motivated
• Able to act with a minimum of supervision
• Strong investigational, analytical, ethics and problem-solving skills
• Ability to hit the ground running
• Extraordinary attention to detail