Compliance Officer & Money Laundering Reporting Officer – Manama, Bahrain

A well-reputed insurance company in Bahrain is seeking a qualified Compliance Officer & Money Laundering Reporting Officer (MLRO). This position is open only to Bahraini candidates currently based in Bahrain.

Salary: BD 1,000 – 1,100

Experience Required: Minimum 5 years, preferably in an insurance company.

Key Responsibilities:

• Develop and implement compliance strategies in coordination with insurers and clients.
• Ensure compliance with all CBB (Central Bank of Bahrain) regulations and other relevant regulatory authorities.
• Maintain and update a compliance schedule for timely reporting.
• Provide periodic compliance reports to the Board and management.
• Educate employees on compliance procedures and regulatory requirements.
• Communicate with clients and insurers to collect necessary compliance information.
• Conduct research to verify client backgrounds and follow up on compliance documentation promptly.
• Review marketing and advertising materials for regulatory accuracy.
• Guide back-office staff in performing day-to-day compliance tasks.
• Maintain premium schedules for management review.
• Assist in implementing internal control procedures for accounts receivables and collections, ensuring insurer credit policies are strictly followed.

Requirements:

• Minimum 5 years of compliance or regulatory experience, preferably in insurance.
• Strong knowledge of Bahrain labor laws, CBB regulations, and insurance compliance standards.
• Excellent communication, analytical, and organizational skills.
• Ability to handle sensitive information confidentially.
• Based in Bahrain and eligible to work locally.

How to Apply:
Interested candidates can submit their CV and relevant documents to [email protected] or contact via WhatsApp at +97335007867.