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Money Laundering Reporting Officer

Candidate LLC

Posted on July 21, 2019

5 - 10 years Bahrain - Bahrain

Any Graduation. Any Arabic National, Any European National, Indian, Filipino

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Job Description

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Role Overview

▪ The jobholder is responsible for ensuring an adequate and effective AML and sanctions framework is established and kept up to date as well as highlighting/managing corrective action where applicable

Key Responsibilities

▪ Develops, initiates, maintains, and revises policies and procedures of the Company and its related activities to assure compliance with legal and regulatory obligations
▪ Manages day-to-day operation of the compliance and MLRO function, including oversight of implementation and adherence to the Compliance Manual of the Company /Group
▪ Provision of advice and assistance to the Company on compliance and anti-money laundering matters
▪ Develops a regular monitoring procedures and practices to assess the adequacy and effectiveness of internal systems of control and measures implemented by the Company
▪ Develops and updates a regulatory and statutory reporting program and liaises with departments within the Company and/or Group and third party service providers to ensure timely and accurate regulatory reporting
▪ Maintains compliance registers as required by statutory and regulatory requirements
▪ Keep abreast of changes in applicable laws and regulations and provide guidance to the Company and to the Group on proposed regulatory changes
Acts as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated, investigated and resolved;
▪ Collaborates and liaises with internal departments, regulators, authorities and external service providers to resolve legal and compliance issues
▪ Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future
▪ Prepare reports on a regular basis, to the Directors and the Head of Compliance, on the compliance and anti-money laundering matters
▪ Develop an effective training programs, including appropriate introductions to new employees as well as ongoing training for all employees and managers

Banking / Financial Services / Broking

Finance / Treasury

Desired Candidate Profile

Knowledge, skills and experience

▪ Holder of a bachelor’s degree
▪ At least four to five years of related experience in bank/ money exchange field
▪ Knowledge of the AML laws and regulations
▪ In depth knowledge of KYC requirements
▪ Understanding of client and payment screening activities
▪ Working knowledge of applying a risk based approach Key Competencies
▪ Understanding of the relevant industries
▪ Persuasive communicator.
▪ Reliable, precise, well organized.
▪ Dynamic, committed and a team player.
▪ Can work under pressure and in a fast-paced environment.
▪ Works with minimal supervision


Money Laundering Reporting Officer Laundering officer Reporting Money Laundering Finance Banking AML laws Money exchange

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Candidate LLC

At Candidate we pride ourselves in not only being a team of recruiters but possessing extensive industry experience across our key verticals, which allows us to search and select the right calibre of resource for our clients. With our offices in the UK and Dubai, UAE we have the exposure to the rig ht network which helps us focus on building a portfolio of clients and candidates across our key sectors:

Financial Services

We like to see ourselves as more than a typical recruitment consultancy. For instance we offer the core services of placing the right candidate for our clients and retained recruitment, in addition to consultancy to advise and build out a client’s needs. Supplying contract resource is an area we are building out to provide further options to our client base. Lastly training is a key focus, as a result of our partnership with Forte Markets we have access to a depth of content and expertise, across our key verticals, rarely seen with a recruiter.

Please feel free to contact us to discuss your requirements and we can send out one of our team to provide the support you need.
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