Compliance Officer & MLRO - Bank ABC Islamic

Bank ABC Islamic seeks to recruit a Compliance & MLRO at our Head Office in Bahrain.

This position is responsible for implementing policies and procedures related to financial crime compliance, and supporting the development of a Group framework to monitor and ensure compliance with applicable regulations across ABC's head office and units. The Compliance Officer will oversee the Bank’s adherence to CBB requirements and other relevant laws, including AML / CFT legislations.

The Compliance Officer & MLRO will report functionally to the Board of Directors or relevant Board Committee, and administratively to the CEO, with a matrix reporting line to the Head of Group Compliance.

Responsibilities of the role :

• Oversee the Bank's compliance with CBB and other applicable laws and regulations, ensuring adherence to Group policies.
• Raise awareness and provide training to staff on compliance issues, including updates on CBB rules.
• Perform quality assurance tests to ensure compliance with CBB Rulebook requirements.
• Ensure compliance with AML / CFT laws and regulations, and establish and maintain AML / CFT policies and procedures.
• Maintain resources and systems to facilitate compliance, and ensure proper record-keeping of CDD, transactions, STRs, and staff training.
• Act as the main contact for internal suspicious transaction reports and communication with the FIU, CBB, and other bodies.
• Report suspicious transactions externally to authorities.
• Provide guidance on AML / CFT matters and monitor adherence to sanctions programs.
• Report critical AML issues to senior management and produce annual reports on AML / CFT controls.
• Fulfill other MLRO responsibilities as updated by CBB or Group.

Qualifications and Experience :

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