Risk, Compliance, and AML Officer

Company: Ebdaa Microfinance Company

About Ebdaa Microfinance Company is one of the pioneering institutions in the Kingdom of Bahrain providing inclusive financial services to micro and small entrepreneurs. Since its establishment, Ebdaa has empowered thousands of clients by supporting their entrepreneurial ambitions with responsible lending, innovative financial products, and a strong commitment to social impact.

Role Overview

We are seeking a Risk, Compliance & AML Officer to strengthen Ebdaa's governance and control environment. The role is essential in ensuring the Company's compliance with the Central Bank of Bahrain's (CBB) regulations, international microfinance standards, and best practices in risk management, compliance, and financial crime prevention.

Responsibilities

The successful candidate will:

Risk Management

• Maintain and implement a Risk Management Framework covering credit, operational, liquidity, and strategic risks.
• Conduct risk identification, assessment, monitoring, and reporting to management and the Board.
• Develop and oversee policies on credit risk (loan assessment, provisioning, collateral), operational risk (business continuity, outsourcing, security), and liquidity risk.
• Ensure effective early-warning systems and internal controls are in place.

Compliance

• Ensure adherence to all applicable CBB Rulebook Volume 5 requirements for specialized licensees (microfinance).
• Monitor compliance with laws, regulations, and consumer protection standards (fair treatment, transparent pricing, complaint handling).
• Review and approve internal policies, procedures, and marketing materials for regulatory compliance.
• Prepare and submit periodic compliance reports to the CBB and senior management.

AML / CFT

• Act as the designated AML/CFT Officer (MLRO/DMLRO), overseeing all anti-money laundering and counter-terrorism financing activities.
• Implement a risk-based approach to customer due diligence (CDD/EDD) and ongoing monitoring.
• Manage the screening process for sanctions and PEPs.
• Ensure timely filing of Suspicious Transaction Reports (STRs) and coordinate with the Financial Intelligence Directorate (FID).
• Maintain AML/CFT training programs for staff and ensure company-wide awareness.
• Oversee recordkeeping and reporting obligations as per CBB requirements.

Governance & Reporting

• Support the Board and management in fulfilling their risk oversight responsibilities.
• Liaise effectively with regulators, auditors, and stakeholders.
• Promote a culture of compliance, transparency, and client protection within the organization.

Qualifications & Education

• Bachelor's degree in Finance, Accounting, Business Administration, Law, or related fields (Master's preferred).
• 3–6 years of experience in risk management, compliance, and/or AML within financial services; microfinance or NBFI experience is highly desirable.
• Professional certifications in compliance or AML (e.g., CAMS, ICA, or equivalent) strongly preferred.
• In-depth knowledge of the CBB Rulebook (Volume 5), international AML/CFT standards (FATF), and microfinance client protection principles.
• Strong analytical, reporting, and policy drafting skills.
• Fluency in Arabic and English (spoken and written).

Why Join Us?

• Be part of a mission-driven institution dedicated to financial inclusion and social impact.
• Opportunity to contribute to strengthening governance and risk culture in one of Bahrain's leading microfinance companies.
• Competitive compensation and opportunities for professional growth.

How to Apply

If you are ready to take on this exciting challenge, please submit your CV and cover letter via LinkedIn or email us at: ceo@ebdaabank.com, mentioning Risk, Compliance & AML Officer in the subject line.

Additional

Money Laundering Reporting Officer (MLRO); Finance & Investment, Finance Senior Analyst (KSA, Onsite)

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