AML Analyst

Job Title: Compliance Analyst Department: Compliance

Position in Organization:

• Reports to: Compliance Manager & DMLRO
• Jobs on the same reporting level: Senior Compliance Analyst

Main Objectives: The Compliance Analyst is responsible for providing support to the Compliance Manager & DMLRO in a variety of compliance related areas including monitoring the execution and implementation of the AML regulations issued by the Central Bank of Bahrain and the Companys internal policies and procedures.

Main Duties:

• Investigate sanctions hits.
• Assist in the compilation and maintenance of internal watch lists.
• Assist with enquiries from the Central Bank of Bahrain and Ministries.
• Coordinate the gathering of customer due diligence requirements for new and existing wholesale clients.
• Monitor and assess quality of retail customer KYC documentation, raise any concerns to the Compliance Manager & DMLRO.
• Provide advice and guidance to staff on customer due diligence requirements.
• Receive internal STRs and undertake reviews to determine if such suspicions have substance and require disclosure to the relevant authorities.
• Monitor transaction reports to identify and investigate any suspicious transactions.
• Alerts investigation and clearing.
• Prepare regular reports and statistics for the Head of Compliance and MLRO.
• Assist with compliance related projects.
• Other ad hoc tasks as required.

1. Education & Training:
   • Diploma or bachelors degree holder.
2. Experience:
   • Minimum 1-year experience within a money remittance business preferably in an AML-related role. High standard of accuracy and attention to detail.
   • Good analytical skills.
   • Strong bilingual (English and Arabic) written and verbal communication skills.
3. Independent Action & Decision Making:
   • The job holder is responsible for monitoring transactions and making an independent decision as to whether they should be investigated further. However, the work is also checked by the Compliance Manager & DMLRO or Head of Compliance and MLRO.
4. Accountability for Actions/Results:
   • Wrong decisions and actions could result in non-compliance of regulatory requirements leading to reputational damage and/or fines.
5. Key Relationships: Internal:
   • Compliance Manager & DMLRO. The Compliance Manager & DMLRO will set and monitor your performance against the job description.
   • Branches, Customer Services, Treasury, Wholesale assisting with the resolution of KYC queries.

External:

• Central Bank of Bahrain: Assist with enquiries and prepare the required information and responses including follow-up with relevant departments/staff.
• Government Ministries/Other Regulators: Assist with enquiries and prepare the required information and responses including follow-up with relevant departments/staff.

1. Confidential Information:
   • Suspicious transaction monitoring information
   • Customer personal data and transactional data
2. Working Conditions:
   • Normal office working conditions apply. Employee might be required to work during weekends and public holidays as and when deemed necessary.
3. Mental Demands & Job Complexity:
   • The job holder is required to plan and organize related activities, reports and ad hoc requests, and accomplish the assigned task in a timely efficient manner.