Compliance & MLRO Officer

Job description / Role

Responsibilities:
• Managing all activities related to compliance reporting, including advising and assisting the Board and senior management in the design and implementation of compliance policies, procedures, systems and controls
• Identifying, measuring and assessing compliance risk, and maintaining effective systems, policies and procedures to manage these risks
• Advising and ensuring that the Board of Directors, senior management and employees are fulfilling their compliance responsibilities in line with the Central Bank of Bahrain and the Central Banks of affiliated countries
• Providing risk-based oversight; investigating any potential breaches and reporting to the Board of Directors, senior management and the Central Bank following up on the status and implications of such breaches
• Maintain an up-to-date compliance manual in line with applicable laws, regulations & guidelines
• Responsible for client onboarding and KYC obligations, including maintaining the appropriate records and updates in line with regulatory requirements
• Maintaining the appropriate compliance related training programs
• Stay up to date with industry and regulatory changes.

Requirements

Qualifications:
• Bachelor’s degree required; Master’s desired.
• 5 years of experience in audit, legal, compliance and/or financial sector.

Skills, Knowledge & Abilities
• Ability to develop and implement – not just maintain – a compliance program
• Ability to apply knowledge of multidisciplinary business principles and practices to achieve successful outcomes in cross-functional projects and activities
• Ability to conduct independent research and analysis
• Ability to manage a diverse and demanding workload, and work effectively and congenially with diverse levels
• Ability to understand legal material and recognize critical issues
• Ability to be discrete and confidential
• Possess strong Word Processing PC skills including PowerPoint
• Responsible for the hiring, performance and management of employees within the compliance department, as needed.
• Strong interpersonal and communication skills

About the Company

IPS is a Third-Party Payment Processing Company, regulated and licesned by Central Bank of Bahrain, incorporated under the laws of the Kingdom of Bahrain. IPS is catering to different sectors of industry like financial institutions, banks, ...etc. Our suite services include:

Small Business

• Mobile business on the go
• eCommerce Solutions

Large Merchants

• Security and Fraud solutions
• Prepaid solutions
• Merchant Mobile Commerce solutions
• Marketing solutions
• Analytics & Digital Wallet solutions
• CC Terminals & POS solutions

Financial Institution

• Payment Gateway
• DIgital and mobile banking solutions
• Debit and Credit Card Processing solutions
• Loyalty & Rewards solutions
• ATM & network solutions
• Analytics & Reporting solutions
• PSP

Government & Others

• Government payment solutions for fees, taxes, etc.
• Utility & other Corporate biller solutions
• Healthcare providers & pater solutions
• Financial Analyst SOlutions
• Education solutions