Assistant Manager - Compliance - Manama, Kingdom of Bahrain | Financial Services | Orient InsuranceAl Futtaim Private Company LLC – Belo Horizonte, MGWe are currently seeking an Assistant Manager to join our Compliance department. The Assistant Manager Compliance will be responsible for ensuring Orient's strict adherence to all relevant laws, regulations, and internal policies. This role involves developing and implementing comprehensive compliance programs and frameworks, as well as proactively identifying and mitigating potential risks of non-compliance.Job Responsibilities:Provide comprehensive compliance oversight for the entire organizationDevelop and maintain comprehensive policies, guidelines, procedures, and internal controls aligned with all applicable laws and regulationsCreate and implement a robust compliance frameworkStay informed about all current internal and external compliance regulations and identify any potential risks to the institution, taking proactive measures to mitigate non-complianceResponsible for seeking compliance advice from the compliance committee, organize and participate in the compliance committee meetingConduct due diligence activities in accordance with established processes and regulatory guidelinesConduct comprehensive enterprise-wide AML/CFT risk assessments and client risk assessmentTrack and manage all relevant documents in accordance with the record retention policyEvaluate and deploy effective screening and transaction monitoring systems to mitigate risksProactively detect potential red flags and control deficiencies in KYC and client onboarding proceduresInvestigate and prepare suspicious activity reports (SARs) and suspicious transaction reports (STRs) as requiredCollaborate closely with Internal Audit, Operations, Finance, Business Development, and other stakeholders to ensure effective implementation of the compliance programWork closely with department heads to address compliance-related challenges in a timely and efficient mannerEvaluate high-risk relationships, especially those requiring Senior Management attention, and ensure that all potential risks are clearly communicated and approvedEnsure the timely submission of all regulatory reports to the relevant authoritiesDevelop and deliver comprehensive training programs to raise awareness and understanding of AML/CFT and other relevant legal and regulatory obligationsCollaborate diligently with the Supervisory Authority and external auditors to ensure the timely provision of necessary requirements for the examinationRequired skills to be successful:Excellent communication skills, both verbal and writtenExcellent organizational skills, having the ability to prioritize workload whilst being resilient and being able to cope well under pressureStrong interpersonal skills and an ability to converse confidently with various levels of managementWorking knowledge of transaction monitoring software and screening toolsA strong understanding of applicable laws and regulationsWhat equips you for the role:Bachelor's degree in law, Finance, Commerce, Business Administration, or a similar fieldA minimum of 4 years of relevant compliance experience in the banking or insurance industryIn-depth knowledge of industry best practices, internal controls, and regulatory requirements, combined with strong analytical skills in compliance
#J-18808-Ljbffr