Head of Compliance - Payment Services Company - Bahrain - Ref: 25025

Job Title: Head of Compliance

Salary: Competitive $$

Location: Bahrain

Industry: Payment Services

Job Ref: Ref: 25025

Job Summary

We are seeking a highly experienced and qualified Bahraini professional to join our organisation as the Head of Compliance. The successful candidate will be responsible for overseeing and managing compliance risks, ensuring adherence to regulatory requirements, and maintaining ethical business practices within the company.

About the Company

The company provides numerous ground-breaking end-to-end digital payment products, services and solutions to banks and businesses. These include card processing services, merchant acquiring, fintech solutions and value-added services.

Key Responsibilities

1. Develop, implement, and manage the company’s compliance framework in line with Bahraini regulations and international best practices.
2. Ensure the organisation adheres to all applicable laws, regulations, and industry guidelines related to payment services.
3. Monitor and assess compliance risks, implementing measures to mitigate potential breaches.
4. Liaise with regulatory authorities and represent the company in all compliance-related matters.
5. Conduct regular compliance audits and risk assessments to identify and address potential vulnerabilities.
6. Provide training and guidance to staff on compliance policies, regulatory changes, and best practices.
7. Develop internal policies and procedures to support a strong compliance culture within the organisation.
8. Stay updated on evolving regulatory requirements and proactively advise senior management on compliance-related issues.

Qualifications and Experience:

1. Must be a Bahraini national.
2. Minimum of 10 years of experience in compliance, preferably within the financial services or payment services industry.
3. In-depth knowledge of Bahraini regulatory frameworks, including CBB regulations and AML laws.
4. Strong leadership and management skills with the ability to influence and drive compliance initiatives.
5. Excellent analytical and problem-solving skills with keen attention to detail.
6. Strong communication and interpersonal skills to effectively interact with regulators, stakeholders, and internal teams.
7. Professional certifications in compliance or risk management (e.g., CAMS, ICA, CRCM) are an advantage.