Avp
Bahrain, Bahrain
Job Description
Compliance Officer:
MLRO:
- Developing written policies and procedures to facilitate compliance with all applicable CBB Rules and Regulations.
- Advising senior management and the Board regarding applicable CBB Rules and Regulations.
- Monitoring compliance by the company with all applicable CBB Rules and Regulations.
- Taking appropriate remedial action if breaches of any applicable CBB Rules and Regulations are identified.
- Providing regular compliance reports to the Board which at least annually include an assessment of the main compliance risk issues faced by the company to assist in the assessment by the Board of the extent to which the company is effectively managing compliance risk.
- Ensuring that the appropriate member of senior management of the company makes all necessary regulatory submissions on a timely basis including FATCA/CRS reporting.
- Acting as the contact point for (i) compliance questions from staff members and (ii) in interactions between the company and the CBB.
- Assessing on an on-going basis the appropriateness of compliance procedures, identifying deficiencies and, if necessary, revising and/or supplementing such policies and procedures to address any identified deficiencies.
- Ensuring that adequate compliance records are maintained and stored securely in accordance with all applicable rules and regulations.
- Maintaining a central register of complaints and ensuring that customer complaints arc thoroughly investigated and reported internally and that an appropriate response is provided to the complainant.
- Promptly reviewing each personal securities transaction report that is submitted by a member of the staff to verify that no transaction has been effected in any security listed on the company Trading Restrictions.
- Preparing, circulating to all staff members, and reviewing completed and signed copies of annual compliance certifications certifying compliance with all the company Policies and Procedures Manuals and other documents.
MLRO:
- Overseeing the company's implementation of its AML/CFT policies, procedures, systems and controls, including the operation of a risk-based approach.
- Ensuring that appropriate policies, procedures, systems and controls are developed, established and implemented across the company to monitor its day-to-day operations for compliance with the AML/CFT Law, the CBB AML/CFT Rules and the company's AML/CFT policies, procedures, systems and controls
- Reporting on an annual basis to the other members of the company's senior Management and the Board Committee regarding the adequacy and effectiveness of the company's AML/CFT policies, procedures, systems and controls in preventing money laundering and terrorist financing
- Ensuring that the company's Manual is updated on a regular basis, but not less frequently than annually, and submit the proposed updated Manual to the Board for approval;
- Receiving and dealing with Internal STR, preparing, and submitting External STR.
- Ensuring that the company makes and maintains records sufficient to demonstrate that it is in compliance with the AML/CFT Law, the CBB AML/CFT Rules and the company's AML/CFT Manual and that such records arc maintained for the period required by the CBB AML/CFT Rules and the company's AML/CFT Manual.
The Successful Applicant
The successful candidate will have:
- Experience in most if not all the responsibilities mentioned above
- Preferred experience at a category 1 firm (current/past) in Bahrain
- Must be an Arabic Speaker and CBB approved
What's on Offer
- Excellent exposure
- Excellent career progression
- Competitive salary & benefits
Contact
Asma Siddiqui
Quote job ref
JN-082022-5727350
Job summary
Sector
Banking & Financial Services
Subsector
Compliance & Legal
Industry
Financial Services
Location
Bahrain
Contract type
Permanent
Consultant name
Asma Siddiqui
Job reference
JN-082022-5727350
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Job Detail
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Job IdJD1441785
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationBahrain, Bahrain
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EducationNot mentioned