Compliance (MLRO)

FOMO Pay; Manama; On-site; BHD 18,000 - 34,000; Full time

Benefits offered by this job

Competitive compensation

Group hospitalisation and medical

Learning and growth opportunities

Career advancement

Professional development workshops

Team building sessions

Job summary

FOMO Pay invites a highly capable Compliance Lead to safeguard the company’s regulatory license as a CBB-mandated function. You will head AML/CFT initiatives, liaise with the CBB and FID, and guide governance, policy, and data protection efforts across the business.

With 3–5 years in fintech compliance or related fields, you will drive risk management, partner coordination, and regulatory reporting while collaborating with product and technology teams on API integrations in Bahrain.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, or related field.
• 3–5 years in partnerships, business development, or key account management within fintech, financial services, Web3, digital assets, or the wider payments industry.
• Deep understanding of the global fintech and digital payments ecosystem, including familiarity with banks, payment service providers, financial institutions, and digital asset service providers.
• Demonstrated success in independently managing complex commercial discussions, partner onboarding, and cross-functional project delivery.
• Highly comfortable coordinating with Product and Technology teams on API or system integrations from a strategic business perspective.
• Exceptional relationship-building skills, with a proven ability to influence and collaborate effectively with both external executives and internal teams.
• Strong analytical, problem-solving, and written/verbal communication skills, coupled with meticulous attention to detail.
• Proactive, commercially driven, and highly adaptable, with the ability to thrive and concurrently manage multiple workstreams in FOMO Pay's fast-paced, rapidly evolving environment.

Responsibilities

• Regulatory Oversight & Reporting: Ensure the firm’s daily operations, product launches, and tech infrastructure comply strictly with the CBB Rulebook (Volume 5 - Ancillary Service Providers), Group Policies and other relevant regulations.
• CBB & Audit Liaison: Serve as the primary point of contact for the CBB, managing all regulatory correspondence, reporting, and scheduled/ad-hoc inspections/audits.
• Data Privacy: Act as the internal champion for the Personal Data Protection Law (PDPL), ensuring all merchant and consumer data is handled, stored, and processed legally.
• Policy & Procedures: Draft, implement, and update the firm’s Compliance Manual, Code of Conduct, and internal governance frameworks, in accordance with with local regulations.
• Advisory: Advise the CEO, HR, and Sales teams on the regulatory implications of new business initiatives and partnerships in the GCC.
• AML/CFT Framework: Design and oversee the firm’s Anti-Money Laundering and Combating the Financing of Terrorism policies, ensuring they meet CBB, Group and FATF standards.
• Transaction Monitoring: Implement and manage automated transaction monitoring systems for high-volume digital payments and cross-border settlements.
• KYC & Onboarding: Oversee the digital onboarding and periodic review process (eKYC, CDD, and EDD) for new merchants and corporate clients.
• Suspicious Activity Reporting: Investigate internal alerts and independently file Suspicious Transaction Reports (STRs) to the FID and the CBB when necessary.
• Team Building: Train staff annually on AML/CFT awareness.

Skills

Regulatory compliance

Partnership management

Fintech knowledge

Stakeholder collaboration

Data privacy awareness

Education

Bachelor’s degree in Business/Finance/Economics

Job description

About FOMO Pay!

Founded in 2015, FOMO Pay is a payment institution licensed in Singapore, Hong Kong and the Middle East. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:

• FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
• FOMO iBiz – Facilitate businesses' everyday requirements for transactional banking needs
• FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

For more information, please visit www.fomopay.com.

For recruitment inquiries, contact [e-mail].

Join and Grow with us!

At FOMO Group, we are dedicated to redefining what is possible in digital payments, global banking, investment solutions, and tokenized assets. We seek forward-thinking individuals who share our passion for innovation and are eager to lead industry disruption. As part of our transformation journey, you will work alongside visionary leaders with a proven track record of shaping the future of finance.

We believe in unlocking the potential of every individual. We offer an inclusive, supportive, and continuous learning culture where everyone can grow to their full potential and achieve their personal and professional goals. Join our team and be part of an exciting evolution in the industry.

Visit www.fomogroup.com for more information.

About the Role!

As a CBB-mandated "Controlled Function," you will serve as the primary guardian of our operating license. You will lead all regulatory compliance efforts (ensuring adherence to CBB Volume 5) while simultaneously acting as the Money Laundering Reporting Officer (MLRO) to safeguard our payment gateways against financial crime.

You will act as the primary liaison between FOMO Pay, the CBB, and Bahrain’s Financial Intelligence Directorate (FID).

Key Responsibilities:

• Regulatory Oversight & Reporting: Ensure the firm’s daily operations, product launches, and tech infrastructure comply strictly with the CBB Rulebook (Volume 5 - Ancillary Service Providers), Group Policies and other relevant regulations.
• CBB & Audit Liaison: Serve as the primary point of contact for the CBB, managing all regulatory correspondence, reporting, and scheduled/ad-hoc inspections/audits.
• Data Privacy: Act as the internal champion for the Personal Data Protection Law (PDPL), ensuring all merchant and consumer data is handled, stored, and processed legally.
• Policy & Procedures: Draft, implement, and update the firm’s Compliance Manual, Code of Conduct, and internal governance frameworks, in accordance with with local regulations.
• Advisory: Advise the CEO, HR, and Sales teams on the regulatory implications of new business initiatives and partnerships in the GCC.
• AML/CFT Framework: Design and oversee the firm’s Anti-Money Laundering and Combating the Financing of Terrorism policies, ensuring they meet CBB, Group and FATF standards.
• Transaction Monitoring: Implement and manage automated transaction monitoring systems for high-volume digital payments and cross-border settlements.
• KYC & Onboarding: Oversee the digital onboarding and periodic review process (eKYC, CDD, and EDD) for new merchants and corporate clients.
• Suspicious Activity Reporting: Investigate internal alerts and independently file Suspicious Transaction Reports (STRs) to the FID and the CBB when necessary.
• Team Building: Train staff annually on AML/CFT awareness.

Requirements:

• Bachelor’s degree in Business, Finance, Economics, or a related discipline.
• 3–5 years of proven experience in partnerships, business development, or key account management within fintech, financial services, Web3, digital assets, or the wider payments industry.
• Deep understanding of the global fintech and digital payments ecosystem, including familiarity with banks, payment service providers, financial institutions, and digital asset service providers.
• Demonstrated success in independently managing complex commercial discussions, partner onboarding, and cross-functional project delivery.
• Highly comfortable coordinating with Product and Technology teams on API or system integrations from a strategic business perspective.
• Exceptional relationship-building skills, with a proven ability to influence and collaborate effectively with both external executives and internal teams.
• Strong analytical, problem-solving, and written/verbal communication skills, coupled with meticulous attention to detail.
• Proactive, commercially driven, and highly adaptable, with the ability to thrive and concurrently manage multiple workstreams in FOMO Pay's fast-paced, rapidly evolving environment.

Our Perks and Benefits:

• Competitive Compensation and Benefit Package
• Group Hospitalisation and Medical Insurance
• Fun and Dynamic Environment with plenty of learning and growth opportunities
• Career Advancement
• Professional Development Training Workshops
• Team Building Sessions