Anti-Money Laundering Officer

1 week ago

Manama, Manama, Bahrain Wello Full time 40,000 - 60,000 per year

Job Title
: Money Laundering Reporting Officer (MLRO)

Location
: Manama, Bahrain

Employment Type
: Full-time

About Wello:

Wello is a Web3-enabled fintech company on a mission to redefine global payments and

remittances. By combining self-custody wallets, compliant fiat ramps, and stablecoin-based

infrastructure, we're building a faster, cheaper, and more inclusive way to move money

across borders. As we expand into the Middle East, our Bahrain entity will serve as a

strategic hub for regional operations and regulatory licensing.

Position Overview:

We are seeking a highly skilled and motivated Money Laundering Reporting Officer (MLRO)

for Wello Bahrain. The MLRO will be instrumental in ensuring the company's adherence to

Bahrain's anti-money laundering (AML) and counter-terrorism financing (CTF) regulatory

obligations as prescribed by the Central Bank of Bahrain (CBB). The successful candidate

must possess strong knowledge of local AML/CTF frameworks and have a proven track

record of implementing and managing compliance programs within the financial services

sector.

Key Responsibilities:

● Develop, implement, and maintain a robust AML/CTF compliance framework in line with Bahrain's CBB Rulebook, including regular risk assessments and control enhancements.

● Serve as the designated reporting officer for suspicious transaction reports (STRs) and ensure timely and accurate filing with the Financial Intelligence Directorate (FID)of Bahrain.

● Lead internal AML/CTF investigations and oversee the resolution and documentation of any identified compliance issues.

● Provide AML/CTF training to relevant staff and ensure ongoing education in line with the latest regulatory updates and typologies.

● Monitor transactions, customer activity, and account behavior to identify potential risks and ensure effective application of the risk-based approach.

● Conduct internal audits and compliance reviews to assess the effectiveness of AML controls and identify improvement opportunities.

● Maintain professional relationships and communications with the Central Bank of Bahrain and other competent authorities regarding AML/CTF compliance.

● Assist with customer due diligence (CDD), enhanced due diligence (EDD), and onboarding reviews to ensure regulatory alignment.
Qualifications and Skills:

● Bachelor's degree in Law, Finance, Business Administration, or a related discipline. CAMS or equivalent certification preferred.

● Minimum 2 years of experience in an AML/CTF compliance role, ideally in Bahrain or within the GCC region.

● Strong understanding of Bahrain's AML/CTF laws, CBB Rulebook Volume 6 (Capital Markets) and Volume 5 (Specialized Licensees), and FATF recommendations.

● Demonstrated ability to lead risk assessments and investigations with a high degree of diligence and confidentiality.

● Knowledge and experiences of cross-border payments and remittance business is a big plus.

● Exceptional communication, training, and stakeholder engagement skills.

● Fluency in English is required; proficiency in Arabic is highly desirable.

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