stc pay Bahrain Hiring for Compliance Specialist at محافظة العاصمة المنامة البحرين Full Time

Job Objective

· Primarily responsible for supporting the implementation of the compliance program, ensuring that the Company is in compliance with regulatory requirements and internal procedures.

Key Responsibilities

•  Monitors the performance of the AML/CFT program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.
• Maintain knowledge and updates of industry standards and international regulatory requirements and highlight to management any concerns of non-compliance or improvements that can be made to existing controls and procedures.
• Monitor and interpret applicable laws and regulations to ensure organizational compliance.
• Assist in the development and implementation of policies and procedures.
• Identify and assess compliance risks, recommending measures to mitigate identified vulnerabilities.
• Support in conducting internal compliance testing and assessment and prepare comprehensive reports on compliance activities, findings, and recommendations.
• Identify potentially fraudulent activities, investigate incidents, and report findings to management.
•  Analyze compliance-related data, including system alerts, disputes, and fraud reports, to identify trends.
• Work with various departments to ensure compliance initiatives are effectively integrated into business processes.
• Manage compliance incidents, document findings, and coordinate corrective actions as needed.
• Propose enhancements to compliance processes and systems to improve overall effectiveness and efficiency.
• Update and maintain the Company’s risk register by logging updates on stc pay KRI. Follow up on closing mitigation plans. Ensure all risk information is current and correctly documented.
• Monitor risks that have been categorized. Keep track of their status and update the risk register as necessary.

Academic Qualification

·       A Bachelor’s degree is preferably in Banking/Finance/Business or a related field.

·       Compliance and AML certifications; CAMS preferred.

·       Other relevant qualifications.

Professional Experience

·       2-3 years’ experience in compliance, financial crime, audit and/or other related areas in the financial services industry

·       In-depth knowledge of the functioning of an Ancillary Service Provider – in particular, Payment Service Provider and Card Processing Activities

·       In-depth knowledge of regulatory compliance requirements and risk management principles