Compliance Officer & MLRO

About Fasset:

Fasset is a global digital asset gateway that brings unparalleled accessibility to the digital asset space.

Through our simple, safe and innovative digital assets, we provide people in emerging markets the opportunity to build a better future. We are pioneering web3 technologies and driving adoption of digital assets for the next billion.

We are creating a team of champions and are looking for World Class talent to join our team. If you’re looking for a place that values your hustle, courage, and desire to do things differently, then we want to get to know you!

About the role

We are now looking for a Compliance Officer & MLRO in Bahrain to join our team! You will help define and continuously improve KYC, Onboarding, Sanctions, and AML/CFT policies and processes. You will be a crucial part of the AML risk assessment and control functions, working closely with the Global Compliance team based in Dubai, Indonesia, and Turkey.

What you’ll do

• Develop and maintain AML/CTF policies, procedures, and internal controls in accordance with relevant laws and regulations.
• Assist the Head of Compliance for providing training and guidance to employees on AML/CTF risks, policies, and procedures.
• Conduct regular risk assessments of the company's AML/CTF and ABC compliance program, including customer due diligence (CDD) and enhanced due diligence (EDD) processes.
• Carry out periodical risk assessments and advise the company on necessary actions;
• Monitor and investigate suspicious transactions or activities and ensure that appropriate reporting to relevant authorities is conducted.
• Acting as a liaison with regulatory bodies, responding to inquiries, and managing regulatory examinations or audits in Bahrain.
• Work with internal stakeholders to identify and mitigate potential money laundering & terrorist financing & fraud & conflict of interest & anti-bribery & corruption risks across the company's business units and products.
• Review and enhance the company's transaction monitoring program to identify unusual patterns of activity.
• Provide advice on compliance-related issues in Bahrain to Management and the Group.
• Stay up-to-date with changes in AML/CTF & ABC regulations and industry trends and ensure that the company's AML/CTF & ABC program is in compliance with applicable laws and regulations.
• Manage relationships with external service providers and vendors who support the company's AML/CTF & ABC  compliance program
• Develop and implement a comprehensive fraud detection and prevention strategy.
  
• Monitor and analyze transactions to identify potential fraudulent activities.
• Investigate and report suspected fraud cases to senior management and relevant authorities.
• Implement fraud detection tools and technologies to enhance monitoring capabilities.
• Collaborate with other departments to develop and enforce anti-fraud policies and procedures.
• Conduct regular fraud risk assessments and recommend improvements to mitigate identified risks.
• Stay updated on the latest fraud trends and techniques to ensure Fasset’s defenses remain effective.
  

Who will excel?

• Must have and ICA and CAMS qualification
• Experience working in data protection compliance or a related field
• Experience in a crypto company
• Exceptional communication and interpersonal skills to inspire and motivate cross-culture teams.
• In-depth knowledge of software development methodologies, tools, and best practices.
• Manage workloads and teams across multiple countries and timezones.
• The ideal candidate will be comfortable in a fast-paced, multi-tasked, high-energy environment like Fasset.
  
  

Why Fasset?

• A brilliant opportunity to grow your career & work with a fun, fast-paced & growing company, prepared to let you shine 👌
• An entrepreneurial environment where you learn every day🚀
• Join an organization that is scaling fast 🌳
• Personal responsibility and autonomy ⭐️
• Professional development and ongoing learning 📚
• An international team with over 20+ nationalities 🌎