Financial Crime Compliance Research & Risk Analyst BH

Bank ABC
BH - Manama
January 5, 2025

Financial Crime Compliance Research & Risk Analyst
Bank ABC seeks to recruit a Financial Crime Compliance (FCC) Research & Risk Analyst in the Group Compliance Department based in our Head Office, in Bahrain.
The FCC Research and Risk Analyst will be responsible for supporting effective Financial Crime Risk Management through in-depth research, analysis, and structuring of Financial Crime-related data (including data mining) in close cooperation with the VP Group Financial Intelligence, Risk & Analytics. Furthermore, the FCC Research & Risk Analyst supports the Group Financial Crime Compliance Advisory team with the provision of in-depth research and is expected to contribute to the overall Group FCC Framework, PSPs, and related documentation as well as internal guidance.
Responsibilities of the role:
Reporting to the Group Head Financial Crime Compliance, the job holder will:
Research & Risk Analysis

Support the Group Head of Financial Crime Compliance and the VP GFIU, Risk and Analytics in the analysis and management of Financial Crime risk.
Support the Sanctions, AML/CTF, and/or FCC Governance Subject Matter Expert(s) through research and risk analysis results.
Contribute to the management of Financial Crime risks by recommending sound risk-based mitigation measures and providing guidance on business relationships and transactions.
Monitor and execute research on regulatory and industry developments to ensure that the Group Financial Crime Compliance framework is up to date.
Support the evaluation and advice on the effectiveness of existing controls and recommend enhancements to mitigate financial crime risk.
Support the maintenance and ongoing development of the EWRA (Enterprise-wide Risk Assessment on ML/TF and Sanctions).
Support the development and maintenance of a state-of-the-art Financial Crime risk assessment and reporting.
Work closely with Group FIU on business relationships being investigated and escalate where required.

Documentation and Reporting

Support the development of Financial Crime KRIs, KPIs, and MIs and administer and maintain the relevant register.
Support the preparation of and administer the Financial Crime Compliance periodic reporting packs and MIs.
Support the development and maintenance of the Group Financial Crime Compliance PSPs at Group level.
Assist in the reporting and development of Key Risk Indicators for the Financial Crime Compliance Advisory function.

Other

Support the provision of and leverage data and trend analysis developed by the GFIU to identify potential gaps in the group's compliance control environment.
Assist in special investigations, where and when assigned.
Assist in the evaluation and optimization of existing processes and controls related to AML and CTF to streamline operational efficiencies while ensuring compliance standards remain intact.

Areas of Knowledge, Qualification and Experience

3-5 years with a financial institution, with specialty in a similar role.
Bachelor's degree in business management, economics, risk management, or a related field, and/or equivalent experience.
First experience in AML/TF/Sanctions regulations and topics.
Analytical, research, and investigative skills.
Understanding of FCC risk.
Awareness of relevant Compliance guidance and standards.
Demonstrate sound risk-based understanding.
Self-motivated.
Good analytical and research skills.
Strong ethics and characteristic integrity.
Flexible and solution-oriented.
Strong team player and collaborative mindset.
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Read the full job description and apply online on the recuiter's web-site

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