25 Compliance jobs in Bahrain

The Bahrain-based MLRO (Senior Manager ) will report to the Regional MEA Head of Compliance. You will be responsible for supporting 's Bahrain business in their regulatory licensing application(s) with the Central Bank of Bahrain, compliance obligations, including daily management of the Bahrain Compliance Program, management of independent reviews/external audits, preparing and submitting regulatory reports, maintaining program documentation tracking, and providing recommendations in program improvements.

You will also support the Regional MEA Head of Compliance in other Middle East markets.

• Work with internal stakeholders (eg Legal, Compliance, IT Security, Product etc) and external stakeholders (external Counsel) to assure quality and accurate response(s)/submission(s) to regulators with regard to licensing, registration and/or ongoing operational reporting.
• Work with different functions to ensure compliance with the Central Bank of Bahrain's ("CBB") regulatory requirements.
• Assist with the periodic review of policies and training.
• Manage internal compliance operational controls, independent reviews and regulatory enquiry responses as required.
• Identify, highlight and manage regulatory risks, findings and recommendations that are identified internally through independent reviews or examinations.
• Work with Management and staff to ensure that the business implements and maintains suitable systems and controls to meet the regulatory requirements.
• Respond to law enforcement requests and inquiries.
• Manage key compliance projects to ensure that compliance projects are executed on a timely basis and in compliance with local regulatory requirements.

• Minimum of five years of relevant experience in complex retail/consumer financial services/payment services organisations that provide multiple financial products, or a regulatory agency or law firm involving compliance issues relating to anti money laundering, and related payments services laws and regulations.
• Excellent knowledge of anti-money laundering regulations, the Central Bank of Bahrain's Rulebook and associated E-money Regulations within the banking/financial services industry.
• Ability to distil and discern important information from regulatory guidance, statutes and regulations, audit findings, and other documents and determine how it impacts the business.
• Must be able to perform independently and with minimal supervision.
• Strong organisational skills – must be multi-tasked oriented and able to balance pressure and deadlines with constantly changing priorities.
• Strong written and verbal communication skills. Ability to prioritise workload in line with tight deadlines and work effectively under pressure.
• Excellent written communication – business and project reports.
• Experience interacting with local regulators a plus.
• CAMS certification, or willingness to obtain, preferred.
• Knowledge of digital assets and fintech products is preferred.
• Ability to work within a matrixed environment and cross functionally with operations and technology functions from scratch alongside with a talented team.

Full Time

Job Purpose

The IT Compliance & Risk Lead is responsible for the assessment of technology vendor risks and control effectiveness across the IT disciplines. The IT Risk lead will identify, classify, and document control issues in the bank's environment by documenting assessment results, recommending corrective action, tracking remediation, evaluating policy and control standard exceptions, and regularly reporting to IT management.

Key Accountabilities

1. Supports the establishment of the IT risk management process and integration and maturing of the process across the IT disciplines and practices.
2. Supports development of the technology risk framework, policies, standards, and risk taxonomy.
3. Supports the implementation and adherence to the risk framework, in collaboration and conjunction with business-aligned risk partners.
4. Evaluates and identifies technology risk related to divisions and the enterprise, including emerging trends that may impact risk profile.
5. Supports the self and control risk assessment (RCSA) for IT and engages with the IT stakeholders to define the controls in place, residual risk, and treatment plans.
6. Maintains a consolidated list of the technology risks at the enterprise level and ensures continuous monitoring of the risks and corresponding mitigation plans.
7. Implements risk assessments across the enterprise and builds an overall profile of the technology risk.
8. Provides credible challenge based on risk assessment results and ensures risk is being mitigated.
9. Collaborates with division risk officers and subject matter experts to ensure policies and standards are practical, effective, and efficient.

Qualifications
Bachelor’s/master’s degree in computer science or related field.
Professional Certifications: COBIT, ITIL, CRISC, ISACA.

Experience
6 – 8 Years

Skills

1. Minimum 3-5 years of experience in an IT risk and compliance role.
2. Solid understanding of IT governance, information security policies, standards, and industry best practices.
3. Experience in technology and operational risks frameworks.
4. Practical experience in scoping, conducting risk assessments, and documenting results.
5. Detail-oriented and able to meet tight deadlines.
6. Excellent documentation skills and ability to communicate effectively across functional areas.

Responsibility：

1. Handle tax compliance related inquiries on daily basis, and provide tax compliance solutions;
2. Responsible for daily invoice operation and management, follow up on the implementation of invoicing solution, and optimize the processes of invoice issuance and verification;
3. Responsible for tax filing and compliance management of all types of taxes;
4. Responsible for handling simple and basic inquires from tax authorities, maintain a smooth communication channel with the in-charge tax bureau;
5. Assist in handling tax audits cases initiated by in-charge tax bureau;
6. Responsible for daily communication with external advisors;
7. Assist in handling tax issues arised from the company's annual finance audit and other finance reporting works;
8. Participate in the construction of tax system.

Minimum Requirements:

1. Bachelor's degree in Accounting
2. English proficiency to support daily finance and taxation communication, oral communication and written communication with external firms and other institutions;
3. Attributes:

• Strong analytical and problem-solving skills: To analyze financial data, identify discrepancies, and resolve issues.
• Excellent communication skills: To explain complex tax information clearly and concisely to various stakeholders.
• Attention to detail: Accuracy is critical in tax compliance, so meticulousness is essential.
• Knowledge of tax laws and regulations: A thorough understanding of relevant tax codes is fundamental.
• Proficiency in relevant software and tools: This may include accounting software, tax preparation software, and data analysis tools.
• Experience with tax audits: Some roles require experience in handling or preparing for tax audits.

Join to apply for the IT COMPLIANCE & RISK role at Minds United

The IT Compliance & Risk Lead is responsible for assessing technology vendor risks and control effectiveness across IT disciplines. The role involves identifying, classifying, and documenting control issues within the bank's environment, documenting assessment results, recommending corrective actions, tracking remediation, evaluating policy and control standard exceptions, and regularly reporting to IT management.

Key Accountabilities:

1. Support the establishment and maturation of the IT risk management process across IT disciplines.
2. Develop technology risk frameworks, policies, standards, and risk taxonomy.
3. Implement and ensure adherence to the risk framework in collaboration with risk partners.
4. Evaluate technology risks related to divisions and enterprise, including emerging trends.
5. Support risk assessments (RCSA) for IT, engaging with stakeholders to define controls and residual risks.
6. Maintain a consolidated list of technology risks and monitor mitigations.
7. Conduct risk assessments and build an overall technology risk profile.
8. Provide credible challenge based on risk assessments to ensure mitigation.
9. Collaborate with risk officers and subject matter experts to ensure policies and standards are practical and effective.

Qualifications: Bachelor’s or master’s degree in computer science or related field. Professional certifications such as COBIT, ITIL, CRISC, ISACA are preferred.

Experience: 6 – 8 years in IT risk and compliance roles.

Skills:

• Minimum 3-5 years of experience specifically in IT risk and compliance.
• Strong understanding of IT governance, security policies, standards, and industry best practices.
• Experience with technology and operational risk frameworks.
• Practical skills in risk scoping, assessment, and documentation.
• Detail-oriented with the ability to meet deadlines.
• Excellent documentation and communication skills across functions.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Information Technology

Industries: Outsourcing and Offshoring Consulting

Bank of Jordan is expanding its operations and is looking for a dedicated and knowledgeable Compliance Officer to join our Bahrain branch. As a Compliance Officer, you will be responsible for ensuring that our banking operations in Bahrain are compliant with local regulatory requirements, internal policies, and industry best practices.

Your expertise in compliance, risk management, and regulatory matters will play a critical role in maintaining our commitment to integrity and accountability while fostering a culture of compliance within the branch. You will monitor compliance processes, conduct risk assessments, provide guidance to employees, and assist in implementing compliance programs tailored to the Bahrain regulatory landscape.

Responsibilities

• Monitor and ensure compliance with regulatory requirements applicable to the Bank of Jordan's operations in Bahrain
• Develop and implement compliance policies and procedures in line with local regulations and the bank's risk appetite
• Conduct compliance risk assessments and audits, and prepare reports on findings
• Provide training and guidance to staff on compliance policies, regulatory requirements, and ethical standards
• Assist in the investigation and resolution of compliance issues and regulatory violations
• Stay informed on changes to local regulations and industry best practices that may impact banking operations
• Prepare regular compliance reporting for senior management and regulatory authorities as required
• Collaborate with internal departments, such as Risk Management and Legal, to ensure a holistic approach to compliance
  
  
  

• Bachelor's degree in finance, law, business administration, or a related field. A master's degree or relevant certification (e.g., CAMS, CRCM) is a plus
• Minimum 3-5 years of experience in a compliance role within the banking or financial services industry, preferably in Bahrain
• Strong knowledge of Bahrain's regulatory environment and banking regulations
• Excellent analytical skills and attention to detail
• Strong communication and interpersonal skills, with the ability to work effectively with diverse teams
• Demonstrated ability to handle sensitive information with confidentiality and integrity
• Ability to work independently and manage multiple priorities in a fast-paced environment
• Proficient in using compliance management software and Microsoft Office applications
• Fluency in both Arabic and English is required

Bank of Jordan is expanding its operations and is looking for a dedicated and knowledgeable Compliance Officer to join our Bahrain branch. As a Compliance Officer, you will be responsible for ensuring that our banking operations in Bahrain are compliant with local regulatory requirements, internal policies, and industry best practices.

Your expertise in compliance, risk management, and regulatory matters will play a critical role in maintaining our commitment to integrity and accountability while fostering a culture of compliance within the branch. You will monitor compliance processes, conduct risk assessments, provide guidance to employees, and assist in implementing compliance programs tailored to the Bahrain regulatory landscape.

• Monitor and ensure compliance with regulatory requirements applicable to the Bank of Jordan's operations in Bahrain.
• Develop and implement compliance policies and procedures in line with local regulations and the bank's risk appetite.
• Conduct compliance risk assessments and audits, and prepare reports on findings.
• Provide training and guidance to staff on compliance policies, regulatory requirements, and ethical standards.
• Assist in the investigation and resolution of compliance issues and regulatory violations.
• Stay informed on changes to local regulations and industry best practices that may impact banking operations.
• Prepare regular compliance reporting for senior management and regulatory authorities as required.
• Collaborate with internal departments, such as Risk Management and Legal, to ensure a holistic approach to compliance.

• Bachelor's degree in finance, law, business administration, or a related field. A master's degree or relevant certification (e.g., CAMS, CRCM) is a plus.
• Minimum 3-5 years of experience in a compliance role within the banking or financial services industry, preferably in Bahrain.
• Strong knowledge of Bahrain's regulatory environment and banking regulations.
• Excellent analytical skills and attention to detail.
• Strong communication and interpersonal skills, with the ability to work effectively with diverse teams.
• Demonstrated ability to handle sensitive information with confidentiality and integrity.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Proficient in using compliance management software and Microsoft Office applications.
• Fluency in both Arabic and English is required.