Financial Crimes

About Tap

Tap Payments is revolutionizing online payments across the Kingdom of Bahrain by connecting businesses with simple, unified payment experiences. We need exceptional talent to help us on this journey. Are you ready to shape the future of payments?

The Compliance Team

Our Compliance team believes merchant payments should be ultra-safe and secure. That's why they work hand-in-hand with regulators throughout the region. With the key purpose of creating a safe transaction environment for our global merchants and if you share similar beliefs, this might be the team for you.

The Financial Crimes (FC) Manager and MLRO will be responsible for overseeing the comprehensive anti-money-laundering (AML), anti-fraud (AF), Sanction, & reporting unit by ensuring the implementation of the day-to-day tasks, along with the full integration of any regulatory requirements. You will also be tasked with the responsibility of creating, implementing & monitoring an effective FC program.

A MLRO must be approved by the Central Bank of Bahrain ("CBB") prior to his/her appointment. The position of MLRO is a controlled function as per the CBB's Rulebook Financial Crime ("FC") Module and the MLRO is an approved person.

As a Tapster you will:

• Establish and maintain Tap's AML/CFT policies and procedures
• Ensure that Tap complies with the AML Law and any other applicable AML/CFT legislation and the Rulebook's FC Module
• Ensure day-to-day compliance with the Company's own internal AML/CFT policies and procedures
• Act as Tap's main point of contact in respect of handling internal suspicious transactions reports from the Company's and as the main contact for the Financial Intelligence Directorate ("FID"), the CBB and other concerned bodies regarding AML/CFT
• Make external suspicious transactions reports to the FID and the CBB's Compliance Directorate
• Take reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters (whether internal or external)
• Produce annual reports on the effectiveness of the AML/CFT controls, for consideration by senior management
• Monitor on an on-going basis, what may constitute high- risk customer accounts
• Maintain all necessary CDD, transactions, STR and staff training records for the required periods
• Act as the MLRO responsible for ensuring that all transactions are compliant with the requirements of AML/CFT (including AFC) laws and regulations issued by the CBB
• Ensure compliance with the requirements of FC Module
• Monitor both domestic and international changes in applicable regulation and ensure that all relevant developments/changes are communicated to concerned staff
• Establish and maintain adequate systems, controls and policies to meet the requirements of the CBB and other applicable regulators
• Oversee and maintain logs, records, keeping all investigation results, reports, and documents.
• Responsible for the development & delivery of all CBB related reports.
• Create and amend scenarios and their thresholds, and parameters according to the customers' behaviour and risk-based approach.
• Responsible for the annual review of the efficiency and effectiveness of the transaction monitoring process.
• Responsible for the full delivery of the AML (and AFC) department projects such as acquiring or developing systems and controls.
• Creating and maintaining the AML/AFC risk registers.

What you will bring to the party:

• 4-6 years of role specific experience and a master of your craft
• An in depth knowledge of the Fintech landscape
• A teamwork mentality and a willingness to share your expertise and knowledge with others, whilst always being solution driven
• The people skills to lead tasks and objectives without extensive supervision, hands on in your approach, with team leader qualities
• Innovation at the forefront of everything you do and be able to handle the pressure of problems, constantly looking for future problems to solve.
• The ability to hold high level discussions and be able to communicate at all levels within the business
• Excellent communication skills in English & Arabic, is preferred
• A degree is preferred, but sometimes the University of Life works just fine
• Understanding of GCC regulations or other international financial regulatory bodies
• Understanding of regulatory framework
• Resident in the Kingdom of Bahrain
• Bahrain nationality holder

Are you ready to shape the future of payments in MENA?