About the Role

This role will be part of Zain Bahrain's Subsidiary Fintech Company - "Bede"

Bede, the fintech arm of Zain Bahrain, is a dynamic startup revolutionizing personal finance through Bahrain’s first Shariah-compliant Islamic financing app. Licensed and regulated by the Central Bank of Bahrain, Bede is committed to creating an inclusive platform that offers practical solutions tailored to real customer needs.

With a focus on customer centricity, strategic partnerships, and digital innovation, Bede aims to guide individuals toward growth and success by leveling the playing field for all.

The DMLRO (Deputy Money Laundering Reporting Officer) acts as an alternate in the MLRO’s absence, subject to CBB requirements, and is responsible for assisting in overseeing the implementation and management of the organization’s anti-money laundering (AML) program. The DMLRO develops and implements AML policies and procedures, monitors transactions for suspicious activity, provides training to staff, conducts internal audits, and maintains relationships with law enforcement agencies and regulatory bodies.

What We Need From You

• Act as the designated alternate to the MLRO during absence or unavailability.

• Support the MLRO in suspicious transaction analysis and escalation.

• Ensure continuity of AML/CTF oversight at all times.

• Assist in preparation and submission of Suspicious Transaction Reports (STRs) to the Financial Intelligence Directorate (FID), where delegated.

• Ensure compliance with AML regulations and industry best practices.

• Minimize the risk of money laundering and terrorist financing within the organization.

• Provide support to other departments in their efforts to integrate AML controls into their processes.

• Develop and implement AML policies and procedures.

• Oversee the organization's AML risk assessment process and update it regularly.

• Clarify name screening alerts and conduct transaction for suspicious activity and escalate any potential money laundering cases to the relevant authorities.

• Assist the MLRO in reviewing and preparing STRs/SARs for submission to the Bahrain Financial Intelligence Directorate (FID).

• Maintain confidentiality and independence in all STR-related matters.

• Support regulatory examinations, inspections, and information requests from the CBB and other competent authorities.

• Support the MLRO in designing and delivering mandatory AML/CTF training programs, including onboarding and annual refresher training.

• Track completion and effectiveness of training in line with CBB expectations.

• Conduct internal audits to ensure compliance with AML regulations.

• Keep abreast of changes in AML laws and regulations and update the organization's policies and procedures accordingly.

• Build and maintain relationships with law enforcement agencies and regulatory bodies.

• Collaborate with other departments to integrate AML controls into their processes.

• Support AML aspects of Shariah audits and reviews, where required.

• Perform other required tasks as per department needs.

Qualification and Experience

• Minimum 3–5 years of relevant AML/CTF experience within a regulated financial institution, fintech, or Islamic financial services firm. With demonstrated familiarity with CBB regulations, including the Financial Crime (FC) Module.

• Bachelors degree in law, business, or a relevant field.

• AML certifications (CAMS, ICA, or equivalent) is required.

• Minimum 3+ years of relevant AML/CTF experience within a regulated financial institution, fintech, or Islamic financial services firm. With demonstrated familiarity with CBB regulations, including the Financial Crime (FC) Module.

Skills and Knowledge

• Staying up to date with all CBB laws, rules & regulations

• Understanding of issues and risks associated with financial services and ability to define mitigation plan

• Self-starter with the ability to define clear objectives relating to compliance and regulatory challenges

• Ability to resolve interpersonal conflict and miscommunications

• Excellent written and verbal communication skills with ability to simplify complex issues and influence their audience

• Excellent analytical abilities with good business judgment

Equal Employment Opportunity Statement

We are an equal opportunity employer and welcome applications from individuals of all backgrounds, including persons with disabilities and those who may require reasonable accommodations to perform their duties. We are committed to maintaining an inclusive workplace and to ensuring that all employees are supported to succeed.