Job Title: Deputy MLRO (Money Laundering Reporting Officer)

Job Description:
We are seeking a highly skilled and detail-oriented Deputy MLRO to join our Compliance team in Bahrain. The successful candidate will support the Head of Compliance in ensuring the company’s adherence to regulatory requirements, AML/CFT policies, and internal compliance procedures. This role requires CBB (Central Bank of Bahrain) approval before the official appointment and serves as a key compliance function within the organization.

Key Responsibilities:

• Support the Head of Compliance in implementing and maintaining the board-approved compliance program to ensure regulatory compliance.
• Maintain an effective AML/CFT communication and training program for employees and senior management.
• Conduct internal compliance monitoring to identify and mitigate potential risks.
• Review and approve client due diligence (CDD) documentation in line with AML/CFT policies and procedures.
• Respond to regulatory inquiries and ensure timely reporting to authorities.
• Continuously monitor and enhance the AML/CFT program to improve its effectiveness.
• Stay updated on industry standards and international regulatory requirements, providing management with insights on necessary improvements.
• Ensure compliance training for all relevant staff and identify additional training needs.
• Handle compliance-related queries, including Suspicious Transaction Reports (STRs), and coordinate with the MLRO for further analysis and reporting.
• Assist in preparing annual compliance reports, AML/CFT presentations, and compliance MIS for senior management and the board.
• Support the Head of Compliance and MLRO in various compliance-related tasks and projects.
• Oversee the training and development of compliance department staff.
• Handle ad-hoc assignments delegated by the Head of Compliance.

Requirements:

• 2 to 3 years of experience in Compliance, AML, or Risk functions within a financial institution in Bahrain.
• Professional Certifications: CAMS, ICA Advanced Certification, Diploma, or equivalent (mandatory).
• Knowledge of Digital Assets is preferred.
• Strong understanding of regulatory compliance, AML/CFT policies, and procedures.
• Advanced proficiency in MS Excel and analytical tools for data analysis and reporting.
• Exceptional attention to detail and a strong work ethic.
• Strong communication skills for stakeholder engagement.
• Ability to manage multiple tasks and prioritize effectively in a dynamic environment.
• Proactive approach to staying updated on regulatory changes and industry best practices.
• Strong leadership and team management skills to guide and develop compliance staff.

This is a great opportunity for an experienced compliance professional to take on a leadership role in a dynamic financial environment, ensuring regulatory adherence and AML/CFT effectiveness.