Duties and Responsibilities:
- Support the Head of Compliance in implementing the board-approved compliance program, ensuring that the Company complies with regulatory requirements and internal procedures.
- Maintain an effective AML/CFT communication program for the organization, including an effective compliance training program for all relevant employees and senior management.
- Support the Head of Compliance in conducting internal compliance monitoring.
- Review client due diligence documentation and approve the records as per the company's AML/CFT policy & procedures.
- Responsible for the timely response to inquiries from regulators or other authorities.
- Monitor the performance of the AML/CFT program and related activities continuously, taking appropriate steps to improve its effectiveness.
- Maintain knowledge and updates of industry standards and international regulatory requirements and highlight to management any concerns of non-compliance or improvements that need revision.
- Ensure all relevant staff are effectively trained on AML/CFT and their respective responsibilities and identify any additional training needs– as required.
- Responsible for receiving and addressing all Compliance and AML/CFT-related queries, including STRs, and getting them reviewed by the MLRO for further analysis and reporting to the authorities as required.
- Assist the Head of Compliance and MLRO in preparing annual reports on Compliance-related matters, including AML/CFT presentations and Compliance MIS to the Senior Management and Board of Directors.
- Ensure all staff in the Compliance Department are being developed and trained appropriately.
- Assist the Head of Compliance and MLRO with other compliance-related activities– as required.
- Handle any other ad-hoc assignments delegated by the Head of Compliance from time to time.
Requirements:
Qualifications and Requirements:
- 2 to 3 years of experience in Compliance/AML/ Risk function with a financial institution in Bahrain.
- Well-versed with MS Excel & associated analytical tools
- Ability to focus on details and strong work ethic.
- Professional Certifications- CAMS or ICA Advanced Certification or Diploma or equivalent certifications are a must.
- Knowledge of Digital Assets is preferred.
Skills:
- Thorough understanding of regulatory compliance requirements and AML/CFT policies and procedures.
- Advanced proficiency in MS Excel and analytical tools for data analysis and reporting.
- Exceptional attention to detail and strong work ethic.
- Effective communication skills for conveying compliance-related information to stakeholders.
- Ability to manage multiple tasks and prioritize effectively in a dynamic environment.
- Proactive approach to staying updated on industry standards and regulatory changes.
- Strong leadership and team management skills for guiding and developing staff within the Compliance Department
