Compliance MLRO - AML/KYC/CDD Reporting - Bahrain

  • Competitive salary + above market benefits
  • Manama, Capital Governorate, Bahrain
  • Permanent, Full time
  • Michael Page
  • 12 Oct 18

Leading financial institution in Bahrain is growing its lean compliance team. The MLRO will require direct experience with the Central Bank of Bahrain regulations and can assist with the day-to-day compliance adherence across the business and regular compliance reporting.

Responsibilities include, but are not limited to:

  • Managing all activities related to compliance reporting, including advising and assisting the Board and senior management in the design and implementation of compliance policies, procedures, systems and controls
  • Identifying, measuring and assessing compliance risk, and maintaining effective systems, policies and procedures to manage these risks
  • Advising and ensuring that the Board of Directors, senior management and employees are fulfilling their compliance responsibilities in line with the Central Bank of Bahrain and the Central Banks of affiliated countries
  • Providing risk-based oversight; investigating any potential breaches and reporting to the Board of Directors, senior management and the Central Bank following up on the status and implications of such breaches
  • Maintain an up-to-date compliance manual in line with applicable laws, regulations & guidelines
  • Responsible for client onboarding and KYC obligations, including maintaining the appropriate records and updates in line with regulatory requirements 
  • Maintaining the appropriate compliance related training programs
  • Stay up to date with industry and regulatory changes

About our client:

  • Our client is a well-established, leading financial institution in the region and is well-known for its high retention, excellent training program, and consistent high performance across the business
  • New internal development strategy is driving growth across all departments 

What's on offer:

  • Strong, competitive fixed salary
  • Additional housing + transportation allowance
  • Education allowance
  • Airfare