Compliance Oversight Testing Officer

Maseera; Manama; On-site; BHD 14,000 - 20,000; Full time

Job summary

Bank ABC in Bahrain seeks a Compliance Oversight Testing Officer to lead and manage oversight test reviews, acting as a subject matter expert for Group testing. You will validate AML and regulatory compliance controls and report results to senior management.

The role requires 3-4 years in financial services with testing focus, plus a solid understanding of Bahrain AML laws and international standards. Strong Excel skills and collaboration with MLROs are essential.

Qualifications

• Bachelor’s degree required; ACAMS/ICA/CIA certifications are a plus.
• 3-4 years in financial services with monitoring/testing background.
• Knowledge of AML/CFT Bahrain laws and international standards.
• Experience in risk management and compliance practices.
• Familiarity with AML investigation practices and reporting.

Responsibilities

• Execute oversight testing of key AML and regulatory compliance functions.
• Maintain schedule of testing activities and stakeholder communication.
• Liaise with stakeholders to validate test results and report findings.
• Ensure testing aligns with Group standards and best practices.
• Prepare compliance testing reports and present to senior management.
• Collaborate with Risk, Internal Audit and MLROs to reduce overlap.
• Stay current on local and international AML regulations and trends.

Skills

Monitoring and testing

Risk management

Internal audit experience

Stakeholder communication

Education

Bachelor's degree

ACAMS

ICA

CIA

Tools

Excel

Job description

Bank ABC seeks to recruit a Compliance Oversight Testing Officer in the Group Compliance Department based in our Head Office, in Bahrain. The job holder will be responsible for executing Group Compliance Oversight Testing Plan by leading and managing oversight test reviews as well as acting as a subject matter expert for Group testing. The reviews are to assess the effectiveness of existing process controls and validate compliance with AML and regulatory requirements. Responsibilities of the role The job holder will be responsible to: Conduct oversight testing of key AML and Regulatory Compliance functions Maintain schedule of testing activities and communication plan with stakeholders Liaise with key stakeholders to validate test results Ensure formal reporting on all oversight testing is conducted Review results and provide guidance to stakeholders on Group standards and best practices Follow up on issues in a timely manner and ensure they are tracked and reported at the appropriate level of seniority Conduct /maintain trend analysis on results of compliance testing for internal reports Provide subject matter expertise to Group MLROs on oversight testing Validate business unit test results to ensure testing is conducted in line with Group oversight testing methodology Prepare compliance testing reports where applicable and present findings to senior management Enhance relationship with stakeholders (both internal and external) Keep abreast with local AML and regulatory legislation and with international trends and regulations Keep abreast with AML regulatory activities and industry developments to identify trends and emerging issues. Assist in the development and revision of the annual compliance testing plan as appropriate Review and follow up of business unit testing schedules Assist the Risk Assessment Team in validating the Unit risk ratings, where applicable Work collaboratively with Operational Risk and Internal Audit to reduce any overlap in testing, where applicable Maintain an understanding of business operations Assist with ad-hoc compliance projects Lead or assist in investigating compliance issues such as regulatory or policy breaches, as needed Perform other duties as assigned by management Areas of Knowledge, Qualification and Experience 3-4 years of experience in the financial services industry with a focus on monitoring and testing, preferably with a background in operational risk and/or internal audit. Experience in overseeing projects across multiple jurisdictions Minimum bachelor's degree (ACAMS, ICA and CIA is a plus) AML and Regulatory Compliance work experience Knowledge of AML/CFT Bahrain laws and regulations Knowledge of AML/CFT international laws, regulations and international best practices Demonstrated knowledge of AML investigation practices, risk management and compliance Excellent knowledge of Excel #