Senior Compliance & FinCrime Manager (MLRO)
Manama, Bahrain
Full time
Hybrid
Compensation is not specified
Role
Finance/Accounting
Description
Overview
The position of MLRO (Senior Manager) based in Bahrain will involve reporting to the Regional MEA Head of Compliance. The primary responsibility is to support the Bahrain branch of the company in their regulatory licensing applications with the Central Bank of Bahrain. This includes overseeing the Bahrain Compliance Program on a daily basis, managing independent reviews and external audits, preparing and submitting regulatory reports, maintaining program documentation, and providing recommendations for program enhancements.
Additionally, this role will provide support for compliance activities in other Middle East markets.
Key Responsibilities
- Collaborate with internal stakeholders like Legal, Compliance, IT Security, and Product teams, as well as external counsels, to ensure accurate and high-quality responses/submissions to regulators for licensing, registration, and ongoing operational reporting.
- Ensure compliance with regulatory requirements set by the Central Bank of Bahrain through coordination with various business functions.
- Assist in periodic policy reviews and training activities.
- Oversee internal compliance operations, independent reviews, and responses to regulatory inquiries.
- Identify and manage regulatory risks, findings, and recommendations discovered through internal reviews or exams.
- Work with management and staff to establish and maintain appropriate systems and controls to meet regulatory standards.
- Respond to requests and inquiries from law enforcement agencies.
- Lead key compliance projects to ensure timely execution in line with local regulatory requirements.
Requirements
- At least five years of relevant experience in consumer financial services, payment services, regulatory agencies, or law firms dealing with compliance issues related to anti-money laundering and payments regulations.
- Thorough knowledge of anti-money laundering regulations, the Central Bank of Bahrain's Rulebook, and E-money Regulations in the financial services industry.
- Ability to analyze and interpret critical information from regulatory documents, audit findings, and other sources to assess its impact on the business.
- Demonstrated ability to work independently and efficiently with minimal supervision.
- Strong organizational skills with the ability to manage multiple tasks, deadlines, and changing priorities.
- Excellent written and verbal communication skills, including the preparation of business and project reports.
- Experience in engaging with local regulators would be advantageous.
- CAMS certification or willingness to obtain one is preferred.
- Familiarity with digital assets and fintech products is a plus.
- Capable of working effectively in a collaborative, cross-functional environment with operations and technology teams.
Skills Required
Сrypto.com
Website
Сrypto.comCompany size
Not specified
Location
United States
Description
Not specified