What Jobs are available for Financial Crimes in Bahrain?

About Tap

Tap Payments is revolutionizing online payments across the Kingdom of Bahrain by connecting businesses with simple, unified payment experiences. We need exceptional talent to help us on this journey. Are you ready to shape the future of payments?

The Compliance Team

Our Compliance team believes merchant payments should be ultra-safe and secure. That's why they work hand-in-hand with regulators throughout the region. With the key purpose of creating a safe transaction environment for our global merchants and if you share similar beliefs, this might be the team for you.

The Financial Crimes (FC) Manager and MLRO will be responsible for overseeing the comprehensive anti-money-laundering (AML), anti-fraud (AF), Sanction, & reporting unit by ensuring the implementation of the day-to-day tasks, along with the full integration of any regulatory requirements. You will also be tasked with the responsibility of creating, implementing & monitoring an effective FC program.

A MLRO must be approved by the Central Bank of Bahrain ("CBB") prior to his/her appointment. The position of MLRO is a controlled function as per the CBB's Rulebook Financial Crime ("FC") Module and the MLRO is an approved person.

As a Tapster you will:

• Establish and maintain Tap's AML/CFT policies and procedures
• Ensure that Tap complies with the AML Law and any other applicable AML/CFT legislation and the Rulebook's FC Module
• Ensure day-to-day compliance with the Company's own internal AML/CFT policies and procedures
• Act as Tap's main point of contact in respect of handling internal suspicious transactions reports from the Company's and as the main contact for the Financial Intelligence Directorate ("FID"), the CBB and other concerned bodies regarding AML/CFT
• Make external suspicious transactions reports to the FID and the CBB's Compliance Directorate
• Take reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters (whether internal or external)
• Produce annual reports on the effectiveness of the AML/CFT controls, for consideration by senior management
• Monitor on an on-going basis, what may constitute high- risk customer accounts
• Maintain all necessary CDD, transactions, STR and staff training records for the required periods
• Act as the MLRO responsible for ensuring that all transactions are compliant with the requirements of AML/CFT (including AFC) laws and regulations issued by the CBB
• Ensure compliance with the requirements of FC Module
• Monitor both domestic and international changes in applicable regulation and ensure that all relevant developments/changes are communicated to concerned staff
• Establish and maintain adequate systems, controls and policies to meet the requirements of the CBB and other applicable regulators
• Oversee and maintain logs, records, keeping all investigation results, reports, and documents.
• Responsible for the development & delivery of all CBB related reports.
• Create and amend scenarios and their thresholds, and parameters according to the customers' behaviour and risk-based approach.
• Responsible for the annual review of the efficiency and effectiveness of the transaction monitoring process.
• Responsible for the full delivery of the AML (and AFC) department projects such as acquiring or developing systems and controls.
• Creating and maintaining the AML/AFC risk registers.

What you will bring to the party:

• 4-6 years of role specific experience and a master of your craft
• An in depth knowledge of the Fintech landscape
• A teamwork mentality and a willingness to share your expertise and knowledge with others, whilst always being solution driven
• The people skills to lead tasks and objectives without extensive supervision, hands on in your approach, with team leader qualities
• Innovation at the forefront of everything you do and be able to handle the pressure of problems, constantly looking for future problems to solve.
• The ability to hold high level discussions and be able to communicate at all levels within the business
• Excellent communication skills in English & Arabic, is preferred
• A degree is preferred, but sometimes the University of Life works just fine
• Understanding of GCC regulations or other international financial regulatory bodies
• Understanding of regulatory framework
• Resident in the Kingdom of Bahrain
• Bahrain nationality holder

Are you ready to shape the future of payments in MENA?

• Conduct thorough investigations into potential financial crimes, including money laundering, fraud, terrorist financing, and sanctions violations.
• Analyze complex financial transactions and customer data to identify patterns, anomalies, and red flags indicative of illicit activities.
• Prepare detailed investigation reports, documenting findings, evidence, and recommendations for further action.
• Collaborate with internal compliance teams, law enforcement agencies, and regulatory bodies during investigations.
• Develop and maintain strong knowledge of relevant anti-money laundering (AML), know your customer (KYC), and sanctions regulations.
• Assist in the development and implementation of investigation procedures and training materials.
• Provide expert testimony or support in legal proceedings as required.
• Manage a caseload of investigations, ensuring timely and accurate completion.
• Stay abreast of emerging financial crime typologies and evolving regulatory requirements.
• Contribute to risk assessments and control enhancements related to financial crime prevention.

• Bachelor's degree in Finance, Economics, Criminal Justice, or a related field; advanced degree or relevant certifications (e.g., CFE, CAMS) are highly desirable.
• Minimum of 5 years of direct experience in financial crime investigation, AML, fraud detection, or a related compliance role within a financial institution.
• In-depth understanding of financial transaction monitoring systems, SAR/STR filing requirements, and investigative techniques.
• Proven ability to analyze large volumes of data and draw sound conclusions.
• Excellent analytical, critical thinking, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to articulate complex findings clearly and concisely.
• Proficiency in using investigative tools and databases.
• Ability to work independently and manage priorities effectively in a hybrid work environment.
• Discretion and a high level of integrity are paramount.

• Developing and implementing comprehensive risk management frameworks and policies.
• Conducting thorough risk assessments for new products, services, and business initiatives.
• Monitoring and analyzing key risk indicators (KRIs) and implementing corrective actions as needed.
• Collaborating with various departments, including operations, compliance, and IT, to integrate risk management principles into daily activities.
• Preparing detailed risk reports and presentations for senior management and regulatory bodies.
• Staying up-to-date with evolving regulatory landscapes and industry best practices in risk management.
• Designing and delivering risk management training programs to employees.
• Managing the company's business continuity and disaster recovery planning.
• Investigating and reporting on risk incidents, and recommending preventative measures.
• Contributing to the continuous improvement of the risk management function.

• Identify, analyze, and monitor financial, operational, strategic, and compliance risks across the organization.
• Develop and implement robust risk management frameworks, policies, and procedures.
• Conduct comprehensive risk assessments and stress tests, evaluating potential impacts and likelihoods.
• Design and implement key risk indicators (KRIs) and control monitoring activities.
• Prepare detailed risk reports and presentations for senior management, the board of directors, and regulatory bodies.
• Ensure adherence to all relevant regulatory requirements and industry best practices.
• Collaborate with various departments to embed a strong risk culture throughout the organization.
• Develop and deliver risk management training programs to employees at all levels.
• Investigate and report on risk incidents, recommending and implementing corrective actions.
• Stay abreast of evolving regulatory landscapes and industry risk trends.
• Utilize risk management software and tools to support analysis and reporting.

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field. A Master's degree or relevant professional certification (e.g., FRM, PRM, CFA) is highly desirable.
• Minimum of 5 years of progressive experience in risk management, internal audit, or a related field within the banking and finance sector.
• In-depth knowledge of financial markets, banking operations, and regulatory frameworks (e.g., Basel Accords).
• Strong analytical, quantitative, and problem-solving skills, with a keen attention to detail.
• Proficiency in risk modeling techniques and statistical analysis.
• Excellent written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Experience with risk management software and data analysis tools.
• Ability to work effectively both independently and as part of a team.
• Strong understanding of corporate governance and internal controls.

• Develop and implement tailored risk management strategies and frameworks for clients.
• Conduct in-depth risk assessments, including qualitative and quantitative analyses, to identify potential threats and vulnerabilities.
• Evaluate the effectiveness of existing internal controls and recommend enhancements.
• Develop and deliver risk management training programs to client personnel.
• Advise clients on regulatory compliance related to risk management.
• Prepare detailed risk reports, presentations, and recommendations for senior management.
• Collaborate with client teams to implement risk mitigation plans and monitor their progress.
• Stay abreast of emerging risks, industry best practices, and regulatory changes.
• Utilize various risk management tools and software to support analysis and reporting.
• Foster strong client relationships, acting as a trusted advisor on risk-related matters.
• Contribute to the development of the firm's risk management service offerings.
• Lead project teams and manage multiple client engagements concurrently.
• Perform post-implementation reviews to ensure the sustained effectiveness of risk controls.