The Risk and Compliance Officer is responsible for designing and implementing processes that minimize the potential organizational risk in order to achieve sustainable benefits across all the Company's activities, identify and analyze risks to minimize the negative impacts caused by them, in addition to monitoring the Company's compliance with the laws, regulations and policies of the Central Bank of Bahrain at all times.

Duties and Responsibilities:

• Develop Risk Management and Compliance policies and strategies.
• Supervise and update internal procedures.
• Develop the internal compliance framework.
• Prepare compliance assessment questionnaires.
• Promote risk awareness throughout the Company.
• Prepare risk reports for the Chief Executive Officer and Board of Directors.
• Maintain effective relationships with department managers.
• Oversee contract and product reviews.
• Ensure compliance of policies and procedures.
• Develop the annual Compliance Assessment Program.
• Review compliance monitoring systems.
• Ensure compliance with Central Bank of Bahrain regulations.
• Review internal and external audit reports.
• Monitor and document regulatory requirements.
• Identify business risks.
• Analyze identified risks.
• Assess risk severity and impact.
• Select appropriate risk management methods.
• Ensure legal compliance with the Enterprise Risk Management Framework.
• Review and update the Credit Policy.
• Monitor new products and services.
• Implement approved risk assessment models.
• Review contracts with external parties.
• Recommend system and process improvements.
• Promote risk awareness.
• Coordinate risk management communications.
• Supervise customer complaint handling.
• Perform any other assigned duties.

Desired Candidate Profile

Bachelor's Degree in Banking and Finance, Business Administration, Accounting, or equivalent. Master's Degree preferred. Professional certification in Risk Management and Compliance. Minimum Three years Ability to communicate with senior officials. Sound judgment. Consultation skills. Ability and Flexibility in resolving issues. Ability to distinguish between rights and responsibilities. Delegation and motivational skills. Proficiency in Arabic and English. Computer proficiency. Strong leadership. Analytical and problem-solving skills.