Compliance Manager

Job description / Role

Job Objective(s)
Development, execution and oversight of enterprise wide Compliance & AML infrastructure and processes, thus ensuring the Bank is in full compliance with all regulatory requirements including but not limited to the laws and regulations of the Central Bank of Bahrain (CBB), Bahrain Bourse, Kuwait Stock Exchange, and any other applicable and relevant laws and regulations.

Key Responsibilities:
• Advice on potential issues identified and provide regulatory guidance and follow up to validate potential issues are resolved in accordance with the applicable regulatory requirements.
• Assists business and support units in interpreting the regulatory requirements and apply them effectively.
• Ensuring that the Bank complies with regulatory authorities’ requirements in respect of Financial Crimes and AML/CFT.
• Ensures the Bank adopts and applies appropriate compliance framework, policies and procedures; and implements effective compliance systems.
• Develops and implements the compliance infrastructure, program and working plan of the Bank under the guidance of the Audit and Governance Committee
• Act as a point of contact to coordinate with regulatory authorities; develops and reviews compliance related policies and procedures; makes recommendations to management, business and support units whenever appropriate;
• Develops the compliance.

Prepares compliance checklists and conduct compliances tests for the following:
• CBB Rulebooks;
• Commercial Companies Law;
• Bahrain Bourse and other listing bodies (if any);
• Other areas as deemed necessary.

• Prepares compliance status reports to the management and Audit and Governance Committee.
• Ensures Bank policies are updated to reflect changes in law or regulations; recommends changes to policies and procedures- to ensure compliance with regulatory requirements.
• Develops and strengthens the compliance culture in the Bank through providing training for the Bank’s relevant staff on compliance issues.
• Ensures that the Bank has comprehensive policy and framework in place for monitoring and detecting money laundering, fraudulent and suspicious transactions as per regulatory requirements.
• Assists in the implementation of all money laundering investigation practices for the Department and enhance the anti-money laundering culture within the Bank environment; mitigate, minimize or eliminate exposure to money laundering risk to protect the company’s reputation, capital and investments by ensuring compliance with all relevant laws, regulations, internal policies.
• Responsible to ensure that business units and support units comply with anti-money laundering requirements and provide assistance as appropriate.

Requirements

• Bachelor degree in a business related filed.
• Master’s Degree is preferable.
• 3-4 years of relevant compliance (and preferable AML) experience in a retail bank.

Professional Certificate(s)
• International Diploma in Compliance offered by the International Compliance Association; and/or
• International Advanced Certificate in Compliance and Financial Crime offered by the International Compliance Association; and/or
• Any other relevant professional qualification deemed suitable by the CBB. These may include qualifications in areas related to the license.

About the Company

Human Capital House was set up in the year 2013 with a vision to be a progressive talent acquisition partner for organizations within the local and regional market in the Middle East.

As international markets get ever demanding, corporations globally are presented with the challenges of attracting the right talent. Human capital retention and recruitment remain a critical factor to the success of any company. Strategic decision to recruit the right talent is a key issue to organization as wrong candidate selection can potentially be disastrous to their efficiency.

The critical aspect of choosing the right individual with the apt experience and knowledge becomes more crucial as he/she would need to share the ambitions of the employer, while fitting in to the new culture. Human Capital House has both the experience and expertise to help its clients make the right choice of selection. From understanding client requirements, through identifying and assessing the candidates, our systematic approach strives to ensure successful executive recruitment.