Description
We are seeking a diligent and experienced Compliance Officer & Money Laundering Reporting Officer (MLRO) to join our Back Office team in Manama, Bahrain. Reporting to the ACC and MD, you will be responsible for developing, maintaining, and overseeing the company's compliance framework and AML/CFT program. This critical role involves ensuring all activities adhere to the CBB rulebook and international standards, identifying and mitigating compliance risks, and acting as the primary contact for regulatory bodies. You will manage all aspects of client due diligence, transaction monitoring, and the investigation of suspicious activities. The ideal candidate will provide expert guidance to management, handle regulatory reporting, manage staff training, and uphold the highest standards of integrity and independence in a dynamic financial environment.
Requirements
1. Minimum of 2 years of relevant experience in a compliance function within a financial institution.
2. Thorough understanding of the CBB Rulebook, particularly the Financial Crime module, and applicable AML/CFT/CPF laws.
3. Demonstrated experience in developing, implementing, and maintaining compliance policies and monitoring programs.
4. Proficiency in conducting client due diligence (CDD), enhanced due diligence (EDD), and sanctions screening.
5. Experience in preparing and submitting regulatory reports to authorities like the Central Bank of Bahrain (CBB).
6. In-depth knowledge of investment structures, firm operations, financial instruments, and cross-jurisdictional service requirements.
7. Proven ability to investigate internal suspicious transaction reports and make external reports to the Financial Intelligence Directorate.
8. Must have completed at least 35 hours of recognized anti-money laundering training.
Desirable
1. ACAMS certification.
2. Diploma in International Compliance from the International Compliance Association (ICA).
3. Other relevant professional qualifications in compliance or anti-money laundering.
4. Experience in a role with direct reporting lines to the Board and senior management.
5. Experience in handling customer complaints and reporting them to the regulator.