11 Legal Compliance jobs in Bahrain

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.

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

This position will be responsible to implement and operationalize with the policies and procedure including on financial crime compliance, and assist with building and ensuring Group framework to track, analyze, digest and implement applicable regulations across ABC head office and units. As a Compliance Officer, the incumbent will be responsible for oversight of the Bank’s compliance with the requirements of the CBB and other applicable laws and regulations. Ensure that the Bank complies with the CBB Rules, AML Law and any other applicable AML/CFT legislations at all times.

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

Responsibilities of the role:

The job holder will be responsible for:

• Oversight of the Bank's overall compliance with the requirements of the CBB and other applicable laws and regulations; and adherence to the relevant Group-wide Policies, Standards and Procedures
• Raising awareness, and providing training for the Bank’s staff on compliance issues. This includes circulation of CBB new or updated rules
• Performing the necessary quality assurance tests to ensure that the Bank is not in breach of any of the CBB Rulebook requirements
• Ensuring that the Bank complies with the requirements of Financial Crime Module of the CBB Rulebook, AML Law and any other applicable AML/CFT legislation and regulations
• Establishing and maintaining the Bank's AML/CFT policies and procedures
• Ensuring day-to-day compliance with the Bank's own internal AML/CFT policies and procedures or those issued by the Group
• Ensure that the Bank has the necessary resources / systems to facilitate compliance with CBB AML rules and requirements
• Ensuring that the Bank maintains all necessary CDD, transactions, STR and staff training records for the required periods
• Acting as the Bank's main point of contact in respect of handling internal suspicious transactions reports from the Bank's staff, and as the main contact for the Financial Intelligence Unit, the CBB and other concerned bodies regarding AML/CFT
• Making external suspicious transactions reports to the Anti-Money Laundering Unit and Compliance Directorate
• Taking reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters
• Provide the necessary guidance to stakeholders on AML-related issues
• Monitor's Bank's adherence to relevant national and international sanction programs
• Report to Managing Director any critical money laundering issues requiring the attention of Senior Management such as control weaknesses, potential or actual breaches of AML regulations/laws
• Producing annual reports on the effectiveness of the Bank's AML/CFT controls, for consideration by senior management
• Assume other MLRO responsibilities as updated or modified from time to time by the CBB or Group

• Minimum of 7 years’ experience in the banking industry of which at least 3 year experience in an anti-money laundering or anti- money laundering related role
• Minimum of Bachelors Degree in Banking/Financial related major
• Holder of a professional compliance certification such as Certified Anti-Money Laundering Specialists (ACAMS), ICA Diploma in Governance, Risk and Compliance (GRC) or Credited Certificate in Compliance and AML (i.e. ICA Diploma in AML/ ICA Diploma in Financial Crime Prevention/ ICA Diploma in Compliance and Financial Crime)
• Adequate knowledge of AML & CFT, Islamic products, bank's operations and procedures, general knowledge of Sharia guidelines, communication and interpersonal skills, presentation skills, PC literacy.
• Spoken and written Arabic & English languages.
• The Compliance Officer and MLRO functions are categorized by the CBB as "Controlled Functions", they have to be occupied by an "Approved Persons", and require certain qualifications and core competencies, which are listed in Appendix TC-1 of Training & Competency Module of the Rulebook (Volume 2).
• Exemplary integrity, ethics, independence and resilience.
• Strong analytical skills
• Clear written and spoken communications
• Strong background and understanding of key and applicable FC laws and regulations as well as risks and controls
• Strong time management skills
• Able to work in a dynamic environment while managing change
• Self-motivated and able to be accountable for completing tasks