What Jobs are available for Trainee Compliance in Bahrain?

• Developing, implementing, and maintaining robust compliance policies and procedures across all financial operations.
• Conducting regular internal audits and risk assessments to identify potential areas of non-compliance.
• Monitoring regulatory changes and ensuring the organization's practices remain up-to-date and compliant with local and international financial laws.
• Investigating potential compliance breaches, conducting thorough investigations, and recommending corrective actions.
• Providing training and guidance to staff on compliance matters and best practices.
• Liaising with regulatory bodies and external auditors.
• Managing the reporting of suspicious activities and other required regulatory filings.
• Staying informed about industry trends and emerging compliance challenges.
• Assisting in the development and implementation of anti-money laundering (AML) and know your customer (KYC) procedures.
• Preparing comprehensive compliance reports for senior management and the board of directors.

• Bachelor's degree in Finance, Law, Accounting, or a related field. Advanced degree or relevant certifications (e.g., CAMS, CRCM, CIA) are highly desirable.
• Minimum of 7 years of progressive experience in financial compliance, regulatory affairs, or internal audit within the banking or financial services sector.
• In-depth knowledge of banking regulations, AML/KYC requirements, and other relevant financial laws and statutes.
• Proven experience in conducting risk assessments and internal audits.
• Excellent analytical, problem-solving, and investigative skills.
• Strong communication and interpersonal skills, with the ability to explain complex regulations clearly.
• Demonstrated ability to manage multiple projects and deadlines effectively.
• Experience with compliance management software and tools.
• High level of integrity and professional ethics.
• Ability to work independently and as part of a collaborative team in a hybrid environment.

• Plan, execute, and supervise financial statement audits for a variety of clients in accordance with Generally Accepted Auditing Standards (GAAS).
• Assess the adequacy and effectiveness of clients' internal control systems and identify areas for improvement.
• Perform detailed testing of financial transactions, account balances, and disclosures.
• Evaluate financial risks and develop audit strategies to address identified risks.
• Review and test compliance with relevant laws, regulations, and industry-specific requirements.
• Prepare clear, concise, and well-organized audit documentation, including work papers and management letters.
• Communicate audit findings, recommendations, and potential risks to clients' management and audit committees.
• Build and maintain strong client relationships, serving as a trusted advisor.
• Mentor and train junior audit staff, providing guidance and feedback.
• Stay current with changes in accounting standards, auditing regulations, and industry trends.

• Bachelor's degree in Accounting, Finance, or a related field. A Master's degree is a plus.
• Certified Public Accountant (CPA) or equivalent professional certification is required.
• Minimum of 5 years of progressive experience in public accounting, with a focus on financial statement audits.
• Comprehensive knowledge of auditing principles, procedures, and standards (e.g., ISA, GAAS).
• Proficiency in accounting software and audit management tools.
• Strong analytical, problem-solving, and critical thinking skills.
• Excellent written and verbal communication skills, with the ability to articulate complex issues clearly.
• Proven leadership and project management abilities.
• Ability to work independently and manage multiple engagements simultaneously.
• High ethical standards and a commitment to professional integrity.

• Develop, implement, and maintain effective compliance programs and policies.
• Conduct regular risk assessments to identify potential compliance vulnerabilities and areas of concern.
• Monitor regulatory changes and updates across relevant jurisdictions and ensure timely implementation of necessary adjustments.
• Oversee internal control systems and conduct compliance audits to ensure adherence to standards.
• Investigate potential compliance breaches and recommend corrective actions.
• Provide guidance and training to employees on compliance matters and ethical conduct.
• Prepare and submit regulatory reports to relevant authorities.
• Liaise with external auditors, regulators, and legal counsel on compliance-related matters.
• Develop and manage compliance-related documentation and record-keeping.
• Promote a culture of compliance and ethical behavior throughout the organization.
• Stay abreast of emerging trends and best practices in financial crime prevention and regulatory compliance.
• Effectively manage compliance processes and documentation in a purely remote, digital environment.

• Bachelor's degree in Finance, Law, Accounting, or a related field; Master's degree or professional certification (e.g., CAMS, CRCM) is highly desirable.
• Minimum of 7 years of experience in financial compliance, regulatory affairs, or risk management within the banking or financial services industry.
• In-depth knowledge of relevant financial regulations (e.g., AML, KYC, GDPR, FATF guidelines).
• Proven experience in developing and implementing compliance programs.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent written and verbal communication skills, with the ability to articulate complex regulatory requirements clearly.
• Demonstrated ability to work independently, manage multiple priorities, and meet deadlines in a remote work setting.
• Proficiency in compliance management software and tools.
• High ethical standards and integrity.
• Experience in cross-border compliance matters is a significant advantage.

Description

We are seeking a dedicated and experienced Compliance Officer & MLRO to join our Back Office team in Manama, Bahrain.

ICAP Middleast is a world-leading intermediary in the wholesale financial, energy, and commodities markets. We facilitate and execute trades on behalf of the world's preeminent financial institutions, ensuring efficient and liquid markets.

This dual-responsibility role is critical for upholding our firm's integrity and ensuring adherence to all regulatory requirements. The successful candidate will be responsible for developing, implementing, and maintaining a robust compliance and AML/CFT framework in line with the Central Bank of Bahrain (CBB) rulebook. You will act as the primary liaison with regulatory bodies, manage all CBB reporting, and provide expert guidance to senior management and the Board. This position requires a professional with proven independence, a thorough understanding of the financial industry, and the ability to manage all compliance, AML, and customer complaint functions effectively. Your expertise will be key in identifying potential risks, conducting investigations, and fostering a strong culture of compliance throughout the organization.

Requirements

1. Must have current or prior approval from the Central Bank of Bahrain (CBB).

2. A minimum of 5 years of dedicated Anti-Money Laundering (AML) experience.

3. A minimum of 5 years of dedicated compliance experience within a financial institution.

4. Demonstrable experience in developing, implementing, and maintaining compliance policies and procedures.

5. Thorough understanding of the Bahraini regulatory framework, particularly the CBB rulebook.

6. In-depth knowledge of investment structures, financial instruments, and firm operations.

7. Proven ability to demonstrate independence from other business-line functions.

8. Experience acting as a primary point of contact with regulators and managing regulatory reporting.

Desirable

1. ACAMS certification or equivalent MLRO qualification.

2. Diploma in International Compliance from the International Compliance Association (ICA).

3. Completion of a recognized AML training course of 35 hours or more.

4. Experience with cross-jurisdictional service requirements.

• 5. Experience serving as a designated Customer Complaints Officer.

Company Description

At Oryxa, we empower businesses of all sizes to 
send and receive cross-border payments

with market-leading speed, transparency and cost-efficiency. Whether you're importing, exporting or scaling internationally, Oryxa provides a secure, regulated payments infrastructure designed for the real world of global trade.

Compliance Officer — Full-Time
• On-Site
• Bahrain

This is a full-time on-site role at Oryxa, a cross-border payments fintech based in Bahrain. The Compliance Officer will play a critical role in preparing, managing, and submitting regulatory license applications with central banks and financial regulators. This includes compiling documentation, coordinating with external counsel and regulators, and ensuring all submissions meet required regulatory standards.

Key Responsibilities

• Lead and manage regulatory licensing applications (CBB and other jurisdictions)
• Ensure the company's operations and procedures comply with legal and regulatory requirements
• Design and implement compliance frameworks and policies
• Monitor, assess, and report on compliance risks and issues within the company
• Prepare and submit regulatory filings, reports, and responses
• Advise management on regulatory expectations and compliance gaps
• Conduct regular internal audits to identify vulnerabilities
• Develop and execute corrective action plans when needed

Qualifications

• Experience in Compliance Management and Regulatory Compliance
• Strong Analytical Skills
• Excellent Communication skills
• Knowledge of Finance and related regulatory issues
• Detail-oriented with strong organizational skills
• Ability to work independently and within a team
• Bachelor's degree in Law, Finance, Business Administration, or a related field
• Professional certifications such as Certified Compliance & Ethics Professional (CCEP) are a plus

We are looking for a Compliance & MLRO Officer (CO) responsible for the oversight, management, and administration of the development, implementation, and daily operational tasks for maintaining an effective Compliance Program.

You will also be responsible for all areas of regulation and compliance in the Bahrain operation.

Responsibilities

• Developing, modifying, and implementing compliance policies and procedures;
• Administering compliance activities
• Monitoring compliance with the Code of Conduct;
• Maintaining compliance reporting systems;
• Evaluating, investigating, and documenting reports of non-compliant activity;
• Coordinating internal compliance investigations and routine audits;
• Developing and reviewing compliance education programs;
• Serving as coordinator for external investigations and inquiries related to the Program;
• Reporting compliance issues and activities on a regular basis to the Finance & Audit Committee of the Board;
• Preparing formal and informal responses to governmental investigations, inquiries, and requests with guidance from the Senior Management as appropriate;
• Promoting compliance awareness throughout the organization
• Recording activities requiring CO time and resources to document hours spent on compliance emails, phone calls, requested conflict of interest reviews, administrative responsibilities, and continuing education.
• To develop and implement all aspects of Anti-Money Laundering policies and procedures relative to the region.
• To ensure the group has the necessary systems to facilitate compliance with the Central Bank of Bahrain (CBB) / local Anti-Money Laundering (AML) regulations.
• Report to the Board and Senior Management on critical AML issues requiring their attention.
• Carry responsibility for overseeing and monitoring all daily AML tasks and functions
• Monitor adherence to the requirements of the AML Manual, Compliance Manual and the status of any necessary corrective action.
• Act as a coordinator between Operations and Operational Risk Management on the development and production of Key Risk Indicators (KRIs)
• Assist in the selection, creation, testing and implementation of new reports & Compliance related systems
• Liaise with HR to ensure that all 'relevant' staff receive AML and CBB regulatory training with the required frequency
• Development and production of Key Risk Indicators (KRIs)

Required Skills & Qualification
The candidate we are looking for will be driven and want to grow with the company. They will also be excellent and confident communicator with a positive attitude along with the ability to work on own

initiative.

• 5 or more years' experience in a Senior Compliance function within the financial services sector
• within the GCC.
• CBB Approved individual will be a plus.
• Must have Compliance professional qualification of CISI or ICA.
• Must have AML qualifications through ICA, CISI or ACAMS
• Excellent communicator
• Team player
• Confident & Self-motivated
• Able to act with a minimum of supervision
• Strong investigational, analytical, ethics and problem-solving skills
• Ability to hit the ground running
• Extraordinary attention to detail

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.

Responsibilities

• Facilitates the development and maintenance of an appropriate compliance culture within the Company in Bahrain
• Ensures robust policies and controls are in place and in line with regulatory requirements in Bahrain
• Provides regulatory updates to the Board on the state of the Compliance Program in Bahrain and escalates any significant risks as soon as appropriate
• Acts as the Money Laundering Reporting Officer (MLRO) for the Bahrain operations
• Monitors, reviews, and communicates to all relevant stakeholders any significant regulatory developments within the business environment in Bahrain, actively developing technical knowledge in relation to the regulatory framework governing card issuance activities
• Supports regulatory license applications and acts as our regulatory liaison in Bahrain
• Maintains relationships with regulators such as the Central Bank of Bahrain and other relevant authorities in Bahrain
• Oversees the effective implementation of internal compliance policies and procedures for card issuance in
• Liaises with internal (e.g., Legal, Compliance, Finance, IT, Security, etc.) and external (external counsel, consultants, etc.) stakeholders to ensure accurate reporting to regulatory bodies in Bahrain
• Responds to law enforcement requests and inquiries in Bahrain as appropriate
• Performs regular internal reviews to ensure full compliance with all regulatory requirements in Bahrain
• Prepares and implements action plans to remedy any identified regulatory compliance shortfalls for the Bahrain market and escalates recommendations to senior leadership on the required actions
• Performs other duties and responsibilities as needed from time to time to ensure compliance with regulatory requirements in Bahrain in accordance with the company's global standards

Requirements

• Minimum of eight years of relevant experience working within a regulated financial institution; or a regulatory authority; or a law firm handling compliance matters relating to AML and applicable payments services and other traditional finance laws and regulations
• Locally recognized qualification/s related to the role in Bahrain
• Experience within the digital assets industry (cryptocurrency) is strongly preferred and advantageous
• An understanding of AML regulations and payments services legislation within the banking/financial services industry in Bahrain, particularly concerning card issuance
• Demonstrating an understanding of regulatory requirements vs. "best practices" in compliance is critical, coupled with the ability to distill and discern important information from regulatory guidance, statutes and regulations, audit findings, and determine how it impacts the business in Bahrain
• Excellent written, verbal and interpersonal communication skills and a proven history of working effectively with people at all levels across a decentralized international and matrixed environment
• Motivated and solution-oriented, with the ability to work successfully across multiple cultures and with demonstrated success working closely within a team as well as independently
• Perform and execute to a high standard

A pioneering EdTech company is looking for an experienced Compliance Officer to ensure adherence of its cutting-edge learning system to relevant laws, regulations, and ethical standards, perform risk assessments, develop compliance policies, conduct audits, and investigate non-compliance issues.

The Compliance Officer's role involves staying current on educational, data privacy, and technology laws, collaborating with departments on compliance matters, managing records and documentation, and implementing corrective measures to mitigate risk and uphold integrity.

Key Responsibilities:

· Lead the implementation of all regulatory, legal, ethical, and standards-based compliance protocols, including:

o Bahrain PDPL (Law No. 30 of 2018)

o GDPR, COPPA, FERPA

o IRB

o ISO/IEC 27001, 27701, 29134, 29190, 25010, 12207

o ISO educational institutions)

· Prepare and maintain a live Compliance Matrix

· Conduct DPIAs and risk assessments to identify and evaluate compliance vulnerabilities and gaps within the organization's systems and processes

· Develop, implement, and maintain robust compliance policies and procedures to ensure adherence to legal and ethical standards.

· Oversee child data protection measures and ethical safeguards for biometric/AI use

· Work closely with various departments to integrate compliance requirements into business operations and address compliance-related concerns.

· Support the legal, R&D, and system commercialization teams with regulatory and audit requirements.

· Maintain accurate records, prepare reports for internal management and regulatory bodies, and manage all required documentation and filings.

Job Requirements:

· Degree qualified with 5+ years of practical experience in compliance, IT audits, or as a security analyst.

· Experience in identifying, assessing, and mitigating risks related to non-compliance is a core component of the role

· Certifications such as CISA, CIPP, etc. are a plus.

· The ability to analyze data, interpret complex information, and critically evaluate risks and solutions is essential for identifying compliance gaps.

· A deep understanding of data security, cybersecurity risks, and the technical aspects of ed tech platforms is crucial.

· Strong organizational skills and a meticulous attention to detail to effectively monitor regulations, conduct audits, and manage compliance activities.

· Thorough understanding of education-specific regulations, such as FERPA (Family Educational Rights and Privacy Act) and COPPA (Children's Online Privacy Protection Act), and evolving legal frameworks is vital.

Job Type: Full-time