49 Al Baraka Banking Group jobs in Manama

Our client, a leading financial institution, is seeking a highly experienced Senior Auditor to join their internal audit department. This role is based in our offices in Manama, Capital, BH and is critical for ensuring the integrity and compliance of our financial operations. You will be responsible for planning, executing, and reporting on audits of financial processes, internal controls, and regulatory compliance across various departments. The ideal candidate will possess a strong understanding of financial auditing principles, risk assessment methodologies, and regulatory requirements within the financial services industry. Responsibilities include:

• Planning and executing financial, operational, and compliance audits in accordance with auditing standards.
• Assessing internal control systems to identify weaknesses and recommending improvements to mitigate risks.
• Evaluating the adequacy and effectiveness of financial reporting processes and controls.
• Testing compliance with relevant laws, regulations, and internal policies.
• Preparing clear, concise, and comprehensive audit reports, including findings, recommendations, and management action plans.
• Communicating audit results to management and stakeholders, facilitating discussions on identified issues and proposed solutions.
• Following up on audit recommendations to ensure timely and effective implementation by management.
• Conducting special investigations and audits as requested by senior management or the audit committee.
• Staying abreast of current accounting standards, auditing practices, and regulatory changes impacting the financial services industry.
• Developing and maintaining strong relationships with auditees to foster cooperation and a constructive audit environment.
• Supervising and mentoring junior audit staff, providing guidance and feedback on their work.
• Contributing to the development and refinement of the internal audit plan and methodology.
• Assisting with external audit engagements as required.

The successful candidate will hold a Bachelor's degree in Accounting, Finance, or a related field, along with a recognized professional certification such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or equivalent. A minimum of 5 years of experience in internal or external auditing, with a significant focus on the financial services sector, is required. Strong analytical, critical thinking, and problem-solving skills are essential. Excellent written and verbal communication skills, with the ability to effectively present findings to management, are crucial. Experience with audit management software and data analytics tools is a plus. Join our team in Manama, Capital, BH and play a key role in safeguarding our organization's financial health and integrity.

Our client, a prominent financial institution, is seeking a Senior Auditor to join their internal audit department. This role is critical in ensuring the integrity of financial operations and compliance with regulatory requirements. The successful candidate will be responsible for planning and executing financial audits, assessing internal controls, and identifying areas of risk. You will work closely with various departments to evaluate financial processes, recommend improvements, and ensure adherence to company policies and industry standards. A strong understanding of accounting principles, auditing standards, and risk management is essential.

Key Responsibilities:

• Plan and execute financial, operational, and compliance audits according to the annual audit plan.
• Assess the adequacy and effectiveness of internal controls over financial reporting.
• Identify control weaknesses and operational inefficiencies, and recommend practical solutions.
• Prepare detailed audit reports, including findings, recommendations, and management responses.
• Communicate audit results to management and relevant stakeholders.
• Follow up on the implementation of audit recommendations.
• Stay current with accounting standards (e.g., IFRS, GAAP), auditing principles, and regulatory requirements affecting the financial services industry.
• Conduct risk assessments to identify key audit areas.
• Collaborate with external auditors as needed.
• Assist in the development and training of junior audit staff.
• Ensure audit work is performed in accordance with professional standards and methodologies.
• Contribute to the continuous improvement of the internal audit function.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or equivalent designation.
• Minimum of 5 years of experience in internal or external auditing, preferably within the financial services sector.
• Strong knowledge of auditing standards (e.g., IIA Standards), internal control frameworks (e.g., COSO), and risk management principles.
• Proficiency in audit management software and data analysis tools.
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to clearly present audit findings and recommendations.
• High level of integrity, professionalism, and attention to detail.
• Ability to work independently and manage multiple audit engagements simultaneously.
• Experience with regulatory compliance in the financial services industry is a plus.

This is an on-site position located in Manama, Capital, Bahrain . Join our team and contribute to maintaining the highest standards of financial governance.

Our client, a prominent Big Four accounting firm, is looking for a highly motivated and experienced Audit Manager to lead audit engagements for a diverse portfolio of financial services clients. This role offers a challenging and rewarding career path, with opportunities for professional growth and development. You will be responsible for managing audit teams, overseeing the planning and execution of audits, ensuring compliance with regulatory requirements, and building strong client relationships. This is a hybrid position, allowing for a combination of office-based work in Hidd, Muharraq, BH and remote work flexibility.

Key Responsibilities:

• Manage and supervise audit engagements for clients in the banking, insurance, and investment management sectors.
• Develop and execute audit plans, including risk assessments, control testing, and substantive procedures.
• Lead and mentor audit staff, providing guidance and feedback to ensure high-quality deliverables.
• Review work papers and financial statements to ensure accuracy, completeness, and compliance with IFRS and local regulations.
• Communicate effectively with clients, addressing their concerns and providing valuable insights and recommendations.
• Identify and assess complex accounting and auditing issues, recommending appropriate solutions.
• Ensure adherence to firm policies, professional standards, and regulatory requirements.
• Manage engagement economics, including budgeting and resource allocation.
• Contribute to business development efforts by identifying opportunities for additional services.
• Stay updated on industry trends, emerging risks, and changes in accounting and auditing standards.

Qualifications:

• Bachelor's degree in Accounting or Finance.
• Certified Public Accountant (CPA) or equivalent qualification is essential.
• Minimum of 7 years of progressive experience in auditing, preferably within a public accounting firm.
• Proven experience auditing financial services clients (banks, insurance companies, investment funds).
• Strong knowledge of IFRS, financial reporting, and regulatory requirements in the financial services industry.
• Excellent leadership, team management, and client relationship skills.
• Strong analytical and problem-solving abilities with meticulous attention to detail.
• Proficiency in audit software and Microsoft Office Suite.
• Ability to manage multiple projects simultaneously and meet tight deadlines.

This is an excellent opportunity for a dedicated audit professional to advance their career and take on significant responsibilities within a leading global firm. The role requires a strategic mindset, strong technical expertise, and a commitment to delivering exceptional audit services to clients in the financial sector. Join our esteemed team and contribute to the assurance of financial integrity. The role requires presence in our offices in Hidd, Muharraq, BH for key meetings and collaborative sessions, complemented by remote work flexibility.

Our client, a prominent financial institution with a significant presence in Saar, Northern, BH , is seeking a highly accomplished Senior Auditor to strengthen their internal audit function. This role is critical for assessing financial risks, ensuring compliance with regulatory standards, and evaluating the effectiveness of internal controls across the organization. The ideal candidate will possess extensive experience in auditing within the financial services sector, a sharp analytical mind, and a commitment to upholding the highest standards of integrity and professionalism. You will be responsible for planning and executing audit engagements, identifying areas for improvement, and providing strategic recommendations to senior management.

Key Responsibilities:

• Plan, execute, and supervise financial, operational, and compliance audits for the organization.
• Assess risks associated with financial reporting and business processes, and evaluate the adequacy of internal controls.
• Develop audit programs and procedures tailored to the specific risks and objectives of each engagement.
• Perform detailed testing of financial records, transactions, and systems to ensure accuracy and compliance.
• Identify control weaknesses, inefficiencies, and areas of non-compliance, and document findings thoroughly.
• Prepare comprehensive audit reports, clearly communicating findings, risks, and actionable recommendations to management.
• Follow up on the implementation of audit recommendations to ensure corrective actions are taken effectively.
• Stay current with accounting standards, regulatory requirements (e.g., CBB regulations), and industry best practices.
• Build and maintain strong working relationships with auditees and stakeholders across different departments.
• Mentor and provide guidance to junior members of the audit team.
• Contribute to the continuous improvement of the internal audit function's methodologies and processes.
• Conduct special investigations as required, such as fraud detection or compliance reviews.
• Present audit findings and recommendations to senior management and audit committees.
• Ensure audit workpapers are well-organized, accurate, and adhere to professional standards.
• Evaluate the efficiency and effectiveness of business operations and recommend process improvements.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field. A Master's degree is a plus.
• Professional certification such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or equivalent is required.
• Minimum of 5-7 years of progressive experience in internal or external auditing, with a significant focus on financial services.
• Deep understanding of financial regulations, risk management frameworks, and internal control principles (e.g., COSO).
• Proven experience in planning and leading audit engagements.
• Strong analytical, critical thinking, and problem-solving skills.
• Excellent written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Proficiency in audit software and data analytics tools.
• Ability to work independently and collaboratively within a team.
• High degree of professionalism, integrity, and objectivity.
• Experience with regulatory compliance specific to the banking and financial services industry in Bahrain is highly desirable.

This hybrid role offers a competitive salary, excellent benefits, and the opportunity to make a significant impact on the financial integrity and operational efficiency of a leading institution in Saar, Northern, BH .

Our client, a prestigious management consulting firm, is seeking a seasoned Management Consultant to focus on the Financial Services sector. This role involves providing strategic advice and implementing solutions for banks, investment firms, insurance companies, and other financial institutions. The consultant will work on a variety of projects, including digital transformation, regulatory compliance, operational efficiency, risk management, and market entry strategies. The ideal candidate possesses deep industry knowledge, strong analytical skills, and the ability to develop and communicate complex recommendations effectively. You will collaborate with senior client stakeholders to drive significant business improvements.

Key Responsibilities:

• Analyze client business operations, financial performance, and market position within the financial services industry.
• Develop strategic recommendations to address client challenges and opportunities.
• Design and implement solutions related to digital banking, FinTech integration, regulatory adherence (e.g., Basel III, AML), and operational process optimization.
• Conduct market research and competitive analysis for financial institutions.
• Manage project teams and deliverables, ensuring high-quality outcomes and client satisfaction.
• Facilitate workshops and interviews with client personnel at all levels.
• Prepare comprehensive reports, presentations, and strategic roadmaps.
• Build and maintain strong relationships with key client stakeholders and decision-makers.
• Contribute to the firm's knowledge base and thought leadership in financial services.
• Mentor junior consultants and contribute to team development.

Candidates must have a Master's degree in Business Administration, Finance, Economics, or a related field, with a minimum of 5 years of consulting experience focused on the financial services sector. Demonstrable expertise in areas such as financial risk management, digital transformation in banking, or regulatory consulting is essential. Exceptional analytical, problem-solving, and communication skills are required. Proven ability to manage complex projects and work effectively within client organizations is a must. Familiarity with industry-specific technologies and trends is highly valued. This role offers a hybrid work model and is based in Isa Town, Southern, BH .

Our client, a highly respected financial institution, is seeking a diligent and experienced Senior Auditor to join their internal audit department in Seef, Capital, BH . This role is essential for evaluating the effectiveness of internal controls, assessing risks, and ensuring compliance with regulatory requirements and company policies within the financial services sector. You will be responsible for planning and executing financial, operational, and compliance audits, documenting audit procedures, and analyzing audit findings. The ideal candidate will possess a strong understanding of banking and financial services operations, regulatory frameworks (e.g., CBB regulations), and internal control best practices. Key responsibilities include identifying control weaknesses, recommending corrective actions, and following up on the implementation of audit recommendations. You will collaborate closely with business unit management to understand their operations, risks, and control environments. Experience with audit software, data analytics tools, and risk assessment methodologies is highly advantageous. The successful candidate will demonstrate exceptional analytical, critical thinking, and problem-solving skills, coupled with strong written and verbal communication abilities. You will be expected to maintain independence and objectivity throughout all audit engagements and contribute to the continuous improvement of the audit function. This position offers a challenging and rewarding career path within a dynamic financial environment, providing exposure to various aspects of the organization's operations and risk management frameworks. Be prepared to discuss your experience in auditing financial institutions and your approach to identifying and mitigating key risks.

Responsibilities:

• Plan and execute financial, operational, and compliance audits.
• Assess risks and evaluate the effectiveness of internal controls.
• Identify control deficiencies and recommend remediation actions.
• Document audit procedures, findings, and conclusions.
• Prepare comprehensive audit reports for management and relevant committees.
• Follow up on the implementation of audit recommendations.
• Liaise with business unit management and external regulators.
• Stay abreast of changes in regulations and industry best practices.
• Contribute to the development and enhancement of the audit methodology.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Certified Internal Auditor (CIA) or equivalent professional certification is preferred.
• Minimum 5 years of experience in internal audit, preferably within the financial services industry.
• Solid understanding of accounting principles, auditing standards, and risk management.
• Knowledge of banking regulations and compliance requirements.
• Proficiency with audit management software and data analysis tools.
• Strong analytical, problem-solving, and reporting skills.
• Excellent communication and interpersonal abilities.

ABC seeks to recruit a VP, Portfolio Management in the Group Wholesale Banking Department.

The job holder will be responsible for Instilling Portfolio Management Process leveraging RAROC, contribute to culture change recognizing the importance of capital efficiency promoting the benefits of the use of RAROC metric for portfolio management purposes, actively contribute in the annual budgeting process to embed RAROC targets and ongoing monitoring of budget delivery against this metric, maintain and develop MIS reporting / dashboards to ensure availability of up-to-date data pertinent to the portfolio management function in collaboration with Group Balance Sheet Management, engage with Wholesale Banking business leaders in Wholesale Banking portfolio-level optimization actions, proposes account and sector level RAROC enhancement plans focusing on value destroyers and high potential marginal contributing accounts and assist Group Wholesale Banking Chief Operating Officer to implement a portfolio management framework at the level of all ABC subsidiaries as directed by Group Head of Wholesale Banking.

**Responsibilities of the role**:
Reporting to the Chief Operating Officer of Wholesale Banking, the job holder will be required to:

- Generate and share portfolio reports at different levels (Leadership/Team Leader/RM) to facilitate effective Wholesale Banking management.
- Share monthly portfolio reports to Group Expanded BAC and Local expanded BACs:

- Ad-hoc reports generated based on specific theme under discussion (country-/ sector
- performance, etc.).
- Proposes portfolio value optimization actions to Wholesale Banking -leadership and RMs, e.g.: gradual reduction of concentrations (single name, sector, geography) through 1) gradual exit of accounts, 2) sell-down of exposure in the secondary market, 3) purchase of credit insurance, 4) syndications or other instruments.
- Increase of exposure to high-RAROC industries/geographies.
- Support RMs in account planning and monitoring.
- Ensures RAROC targets are included in account plans.
- Monitors RAROC target post-deal approval.
- Track account-level optimization actions (v. destroyers).
- Monitor and manage business performance:

- Budget target setting: Ensure BU leaders set RAROC targets as part of the budget definition process.
- Group-wide monitoring: Enable Capital Sub-Committee to monitor risk-adjusted returns across BUs / geographies to better inform capital allocation decisions.
- BU monitoring: Inform decision-making process in BUs showing how different product categories/ markets/ segments contribute to risk-adjusted returns.
- Wholesale Banking monitoring: Create necessary capabilities and institutionalize active portfolio & account-level monitoring in Wholesale Banking
- Pricing & Deal approval: Streamline the use of RAROC in BAC/CAF processes maximizing RAROC accuracy and process efficiency.
- Methodology governance & data: Instill RAROC calculator tool validation, and target RAROC capture in account planning and deal approval processes and deal approval processes.
- Drive a high-performance culture:

- Maintain strong relations with key stakeholders at head office and overseas units with the ability to execute at pace and be seen as a key influencer.
- Develop a deep understanding of market and sector trends, threats and opportunities and needs of prospective and current clients to feed into and define a continuously evolving Group Wholesale Banking Strategy.
- Support the Wholesale Banking Coverage, Product and Geography businesses in developing and embedding their individual business strategies/plans to align to the Group Wholesale Banking Strategy.
- Ensure Wholesale Banking businesses consistently implement and monitor robust strategic/client plans and coordinate periodic deep-dive reviews of the same with the Wholesale Banking Chief Operating Officer.

**Areas of Knowledge, Qualification and Experience**
- Minimum 10 years of relevant experience in wholesale banking (per above
- Experience in secondary market trading
- Previous experience in a similar role is a definite plus
- BA/ BS Degree in business, economics or similar.
- Frontline experience with Wholesale Banking client relationship management
- Solid experience in credit underwriting / credit analysis
- Understanding the concept and mechanics of RAROC.
- Good communicator
- Ability to work under pressure and tight deadlines.
- Persuading and influencing
- Presenting and communicating information
- Ability to reach consensus despite differing views.
- Proficiency in English. Knowledge of Arabic is a plus

Our client, a leading insurance provider, is seeking a highly analytical and detail-oriented Senior Risk Analyst to join their established team. This role is pivotal in identifying, assessing, and managing financial and operational risks across the organization. You will be instrumental in developing and implementing robust risk management frameworks, policies, and procedures. The ideal candidate will possess a strong understanding of the insurance industry, regulatory requirements, and quantitative risk assessment techniques. You will work closely with various departments to ensure comprehensive risk coverage and compliance.

Key Responsibilities:

• Conduct comprehensive risk assessments and analyses for new and existing products, processes, and business initiatives.
• Develop and maintain risk models and methodologies to quantify potential exposures.
• Monitor and report on key risk indicators (KRIs) and ensure compliance with regulatory requirements.
• Design and implement internal controls to mitigate identified risks.
• Collaborate with business units to foster a strong risk-aware culture throughout the organization.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Stay abreast of industry best practices, emerging risks, and changes in the regulatory landscape.
• Assist in the development and execution of the company's overall risk management strategy.
• Participate in internal and external audits related to risk management.
• Provide training and guidance to staff on risk management principles and practices.

Qualifications:

• Minimum of 5 years of experience in risk management, ideally within the insurance or financial services sector.
• Strong understanding of insurance operations, financial products, and regulatory frameworks (e.g., Solvency II, IFRS 17).
• Proficiency in statistical analysis, data modeling, and risk assessment software.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• FRM, PRM, or equivalent professional certification is a significant advantage.
• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.

This is an excellent opportunity for a motivated professional to make a substantial contribution to our client's risk management capabilities and play a key role in safeguarding the company's financial health.

Our client, a leading financial institution, is seeking a highly experienced Senior Compliance Officer to join their dedicated team in **Hamad Town, Northern, BH**. This vital role ensures the organization adheres to all applicable financial regulations, policies, and procedures, safeguarding its integrity and reputation. You will be responsible for developing, implementing, and monitoring compliance programs, conducting risk assessments, and providing guidance to business units on regulatory requirements. The ideal candidate will possess a comprehensive understanding of financial services regulations, anti-money laundering (AML) laws, and Know Your Customer (KYC) procedures. Your responsibilities will include reviewing and testing compliance controls, investigating potential breaches, and preparing reports for senior management and regulatory bodies. You will also be instrumental in training staff on compliance best practices and staying updated on evolving regulatory landscapes. This position demands exceptional analytical skills, meticulous attention to detail, and strong communication abilities to effectively convey complex regulatory information. You will work closely with various departments to foster a culture of compliance throughout the organization. Success in this role is critical for maintaining operational integrity and mitigating legal and financial risks.

Key Responsibilities:

• Develop, implement, and maintain the organization's compliance program.
• Monitor adherence to financial regulations, AML, and KYC requirements.
• Conduct regular compliance risk assessments and internal audits.
• Investigate potential compliance breaches and recommend corrective actions.
• Prepare and submit regulatory reports to relevant authorities.
• Provide compliance training and guidance to employees across all business units.
• Stay informed about changes in financial regulations and ensure timely updates to policies and procedures.
• Liaise with regulatory bodies and external auditors.
• Advise senior management on compliance matters and emerging risks.

Qualifications:

• Bachelor's degree in Finance, Law, Business Administration, or a related field. Professional certifications (e.g., CAMS, CRCM) are highly advantageous.
• Minimum of 6 years of experience in compliance, risk management, or internal audit within the financial services industry.
• Proven expertise in banking regulations, AML/KYC, and relevant compliance frameworks.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills, with the ability to present complex information clearly.
• Meticulous attention to detail and a commitment to accuracy.
• Ability to work independently and collaboratively in a team environment.
• Integrity and a strong ethical compass.
• Familiarity with financial crime prevention strategies.

This is an excellent opportunity to play a key role in ensuring regulatory adherence for a respected financial institution.