Job Description:

Propel Consult is seeking a Deputy Money Laundering Reporting Officer (Deputy MLRO) to join a financial institution in Bahrain. This role serves as a key compliance position, ensuring adherence to AML/CFT regulations and supporting the Head of Compliance in maintaining a robust compliance framework. The selected candidate will act as a compliance lead in the absence of the MLRO and must obtain CBB approval prior to appointment.

Key Responsibilities:

• Compliance Program Management: Assist in implementing the board-approved AML/CFT compliance program, ensuring adherence to regulatory standards and internal policies.
• AML/CFT Training & Communication: Develop and maintain an effective AML/CFT training program for employees and senior management.
• Client Due Diligence (CDD) Review: Assess and approve customer due diligence records in line with company AML/CFT policies and procedures.
• Regulatory & Risk Monitoring: Respond to inquiries from regulators and authorities, ensuring compliance monitoring is effectively conducted.
• Program Performance & Reporting: Continuously monitor the AML/CFT framework, propose improvements, and assist in preparing compliance reports for senior management and the board.
• Suspicious Transaction Reporting (STRs): Handle AML/CFT-related queries, review suspicious transactions, and coordinate with the MLRO for regulatory reporting.
• Industry Standards & Compliance Updates: Stay updated on global regulatory requirements and highlight potential non-compliance risks or areas for improvement.
• Staff Development & Leadership: Support training initiatives for compliance staff and contribute to the overall development of the Compliance Department.

Requirements:

• 2–3 years of experience in Compliance, AML, or Risk Management within a financial institution in Bahrain.
• Professional certifications such as CAMS, ICA Advanced Certification/Diploma, or equivalent are required.
• Strong knowledge of AML/CFT policies, regulatory compliance, and risk management.
• Proficiency in MS Excel and analytical tools for data analysis and reporting.
• Strong attention to detail, problem-solving skills, and ability to handle multiple tasks in a dynamic environment.
• Knowledge of digital assets is preferred.

About the Company:

Propel Consult is a leading recruitment firm specializing in Banking & Finance, Human Resources, Oil & Gas, Construction, and Architecture & Engineering. With a strong presence in the Middle East and internationally, we deliver professional recruitment services tailored to meet both client and candidate needs.