Urgent Hiring: Compliance Officer & Money Laundering Reporting Officer

Location: Manama, Bahrain
Contact: +97335007867
Email: [email protected]

A well-reputed company in Bahrain is seeking a Compliance Officer and Money Laundering Reporting Officer.

Key Requirements:

• Minimum 5 years of experience, preferably in an insurance company.
• Knowledge of CBB and other regulatory authorities’ compliance requirements.
• Must be Bahraini and currently based in Bahrain.

Job Responsibilities:

• Develop compliance strategies and ensure their effective implementation by liaising with insurers and clients.
• Ensure compliance with all CBB and regulatory authority requirements related to insurance licensing.
• Maintain and regularly update the compliance schedule for CBB and regulatory authorities.
• Provide periodic compliance status reports to the Board and management.
• Educate employees on compliance issues and procedures.
• Communicate with clients and insurers to gather necessary compliance information.
• Research client backgrounds online to ensure compliance.
• Review marketing and advertising materials for accuracy.
• Guide the back-office staff in daily compliance tasks.
• Maintain a premium schedule for management review.
• Assist in implementing internal controls over accounts receivables and collections to ensure adherence to credit policies.

Salary: BD 1000 – BD 1100
Note: Only Bahraini candidates will be considered.

If you meet the qualifications and are interested in this role, please contact +973 35007867 or email [email protected].