Compliance Officer

3 months ago

Manama, Bahrain Armour Insurance Full time

A Compliance Officer (CO) responsible for the oversight, management, and administration of the development, implementation, and daily operational tasks for maintaining an effective Compliance Program (Program). A Head of Compliance is to be responsible for all areas of regulation and compliance in the Bahrain operation.
- The CO has unrestricted authority to review documents and information relative to compliance audit activities; access to employees, contracted professionals, agents, and other third parties retained by the organization.
- The CO oversees Department projects, supervises Department staff, and administers compliance activities.

**Responsibilities**:
The CO is responsible for performing the following duties:

- Developing, modifying, and implementing compliance policies and procedures;
- Administering compliance activities and supervising compliance staff;
- 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 Risk Management Officer and Senior Management as appropriate;
- To develop and implement all aspects of Anti-Money Laundering policies and procedures.
- 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 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)

**Requirement**:

- A minimum of 5 years of relevant experience in compliance in the insurance industry, financial institution or financial regulator;
- An academic degree from a university at bachelor level or higher in addition to professional qualification(s) related to accounting or finance and other relevant certification(s) specific to this role. Such professional qualifications may include but are not limited to:

- Certified Insurance Supervisor (CIS) qualification, Bahrain Institute of Banking and Finance (BIBF); and/or
- International Diploma in Governance, Risk and Compliance, International Compliance Association (ICA).
- An MLRO/ DMLRO should have a minimum experience of 5 years in the financial services industry of which at least 3 years of experience in anti-money laundering or anti-money laundering related role.
- A degree from a university at bachelor level or higher or a relevant professional qualification; and
- Relevant certification(s) specific to this role. Such certifications may include but are not limited to:

- Certified Anti-Money Laundering Specialist Examination, Association of Certified Anti-Money Laundering (ACAMS);
- Diploma in Anti-Money Laundering, International Compliance Association (ICA);
- International Diploma in Financial Crime Prevention, International Compliance Association (ICA); and/or
- International Advanced Certificate in Compliance and Financial Crime, International Compliance Association (ICA).

Application Question(s):

- are you approved by CBB

License/Certification:

- Associate of Certified Money Laundering specialist mandatory (preferred)

  • Compliance Officer

    6 months ago

    Manama, Bahrain Bitoasis Full time

    Company Description Headquartered in the UAE, BitOasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, BitOasis is a pioneer of the region’s cryptocurrency ecosystem,serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. BitOasis aims to offer the most secure and...

  • Compliance Officer

    7 months ago

    Manama, Bahrain Dairy Queen Full time

    A Compliance Officer (CO) responsible for the oversight, management, and administration of the development, implementation, and daily operational tasks for maintaining an effective Compliance Program (Program). A Head of Compliance is to be responsible for all areas of regulation and compliance in the Bahrain operation. - The CO has unrestricted authority to...

  • Mlro and Compliance Officer

    5 months ago

    Manama, Bahrain Fakhro Insurance Services Full time

    Job Responsibilities: - To assist as a subordinate to the Executive Director and Board of Directors on compliance matters; - Design, manage and administer the policy and procedures related to Anti - Money Laundering Reporting and Compliance program of the Company; - To monitor compliance efforts of the company. Manage, coordinate and conduct periodic...

  • Compliance Officer/mlro

    2 months ago

    Manama, Bahrain Bitoasis Full time

    **Company Description** Headquartered in the UAE, BitOasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, BitOasis is a pioneer of the region’s cryptocurrency ecosystem,serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. BitOasis aims to offer the most secure...

  • Compliance Officer

    5 months ago

    Manama, Bahrain Arab Banking Corporation Full time

    ABC seeks to recruit a Compliance Officer - Governance and Risk Management in the Group Compliance Department. The Compliance Officer - Governance and Risk Management will be responsible for supporting the operationalization group-wide of the Bank ABC Compliance Framework and Compliance Methodology, including amongst others the Compliance Universe,...

  • Compliance Monitoring and Testing Officer

    6 months ago

    Manama, Bahrain Binance Full time

    Compliance Monitoring and Testing Officer Binance is the leading global blockchain ecosystem and cryptocurrency infrastructure provider whose suite of financial products includes the world's largest digital-asset exchange. Our mission is to accelerate cryptocurrency adoption and increase the freedom of money. If you're looking for a fast-paced,...

  • Compliance Manager

    5 months ago

    Manama, Bahrain iFAST Global Bank Limited Full time

    iFAST Global Bank (iGB) is a licensed bank in the United Kingdom that aspires to provide global banking connectivity to customers, corporates, and financial institutions around the world. We are currently looking for a **Compliance Manager **for our Rep office located in the Kingdom of Bahrain pursuing the following credentials: - A Bachelor's degree is a...

  • Compliance Manager

    3 weeks ago

    Manama, Bahrain Zurich Insurance Full time

    **Job Summary** - Zurich Middle East is part of Zurich Insurance Group, one of the world’s largest and most experienced insurers. Our mission is to help our local community understand and protect themselves from risk both locally and globally.- Reporting to Chief Compliance Officer, the Compliance Manager is expected to promote an ethics-based culture,...

  • Legal Assistant

    3 months ago

    Manama, Bahrain Almoayyed International Group Full time

    We are looking for a **Legal Assistant & Compliance Officer ** to join our company that responsible to assist in handling all the legal matters including the legal cases, legal representations etc., plus overseeing and ensuring that the company’s operations and business transactions follow all relevant legal and internal policies and regulations. This role...

  • Compliance Monitoring and Testing Officer

    5 months ago

    Manama, Bahrain Binance Full time

    Binance is the leading global blockchain ecosystem and cryptocurrency infrastructure provider whose suite of financial products includes the world’s largest digital-asset exchange. Our mission is to accelerate cryptocurrency adoption and increase the freedom of money. If you’re looking for a fast-paced, mission-driven organization where opportunities...

  • Compliance Supervisor and Regulatory Affairs Specialist

    3 months ago

    Manama, Bahrain eFinancialCareers Full time

    The candidate will be supporting the Head of Compliance & MLRO in developing, managing, executing the compliance, implementation of the compliance program, policies and procedures across the group. Moreover, responsible in conducting robust oversight of regulatory compliance universe consisting of the applicable laws and regulations in the various...

  • HR Officer

    2 weeks ago

    Manama, Bahrain Finclude Full time

    HR Officer **Responsibilities**: - Manage the end-to-end recruitment process, including posting job ads, screening resumes, conducting interviews, and preparing offer letters. - Serve as a point of contact for employees, addressing questions, concerns, and grievances in a confidential and supportive manner. - Support the performance review process,...

  • Quality Officer

    1 month ago

    Manama, Bahrain Tafaseel Full time

    **Job Summary**: We are seeking a detail-oriented and analytical Quality Officer to join our team at Tafaseel BPO. The Quality Officer will be responsible for monitoring, evaluating, and enhancing the quality-of-service delivery in our BPO operations. This role is vital for ensuring compliance with company standards and client expectations, thereby...

  • Collections Officer

    5 months ago

    Manama, Bahrain ila Bank Full time

    Collections Officer **Job Purpose**: The Collection Officer's primary responsibility is to assist in the collection of outstanding loan/credit card payments from customers, working closely with the Retail Credit team to ensure timely and efficient recovery of delinquent credit facilities. Main duties will involve contacting borrowers, negotiating repayment...

  • Recruitment Office

    2 months ago

    Manama, Bahrain NAD TRADING Full time

    We are hiring a Recruitment Officer. Job responsibilities: - Recruiting and onboarding - Employee administration & support - Benefits administration - Employee relations - Performance management - Compliance - Training & development Job requirements: - Must be a Bahraini Nationality female. - Must have a Bachelor Degree in HR or related. - Minimum...

  • Office Admin

    5 months ago

    Manama, Bahrain Haji Hassan Group Full time

    Coordinate office activities and operations to secure efficiency and compliance to company policies - Supervise administrative staff and divide responsibilities to ensure performance - Manage agendas/travel arrangements/appointments etc. for the upper management **Job Types**: Full-time, Permanent **Salary**: BD270.000 - BD300.000 per month Ability to...

  • Office Manager

    7 months ago

    Manama, Bahrain Habara Hotel & Restaurant Management W.L.L. Full time

    **Habara Hotel & Restaurant Management W.L.L. Is hiring Office Manager** We are seeking a highly organized and experienced Office Manager to oversee all operations within our company's office, which includes various departments such as administration, finance, marketing, and more. As the Office Manager, you will be responsible for ensuring that all work...

  • Traceability Officer

    1 month ago

    Manama, Bahrain Al Ghalia WLL Full time

    To effectively and efficiently handle documentation and administration functions. Providing accurate and timely information in a professional manner. **Specific Job Responsibilities are, but not limited to, the following**: - In charge of all stock movement from ordering, receiving, releasing to respective department - Trace documentations, prepare,...

  • Risk Officer

    7 days ago

    Manama, Bahrain Bitoasis Full time

    **Company Description** Founded and headquartered in Dubai, the United Arab Emirates, BitOasis is a leading venture-backed, regulated virtual assets retail trading and custody platform for the GCC and wider Middle East and North Africa region. We are seeking a highly skilled and experienced Risk Officer to join our team in Manama, Bahrain. As a Risk...

  • Financial Crime Compliance Research

    2 months ago

    Manama, Bahrain Bank ABC Full time

    Financial Crime Compliance Research & Risk Analyst Bank ABC seeks to recruit a Financial Crime Compliance (FCC) Research & Risk Analyst in the Group Compliance Department based in our Head Office, in Bahrain. The FCC Research and Risk Analyst will be responsible in supporting the effective Financial Crime Risk Management by means of (in-depth) research,...