Senior Manager Legal, Compliance & Anti Money Laundering - 3435756

Arab Insurance Group
  • Senior Manager Legal, Compliance & Anti Money Laundering Jobs in Manama - 3435756

    Arab Insurance Group
  • 10 - 11 Years
  • Manama - Bahrain
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3435756

Job Description

To oversee the development of the Legal and Compliance strategy and liaise with regulatory bodies to ensure that Arig applies highest level of compliance at all levels
Responsible for the provision of timely adviceguidance to the management together with the management of Legal and Compliance processes and procedures applicable to Arig


Responsibilities
Legal

To provide strategic direction for the Legal Services
Coordinate and operate relevant procedures to ensure that all legal agreements are reviewed and maintained
To provide legal advice to all business units and support functions
To support the business units in the development, application and review of various regulations, policies and procedures which involve legal considerations
To draft, update and review contracts and other legal documentation
To ensure that changes in the law and in regulations that affect Arig are identified, and to advise on appropriate action
To coordinate with external legal firms, and ensure that Arig benefits for cost-effective legal advice and work
To raise the awareness of legal issues within Arig through the provision of internal training sessions
Provide translation services of Compliance and Legal documents when required
To undertake other duties which are broadly in line with the key responsibilities


Compliance

Identify, develop and coordinate the establishment and maintenance of company policies, procedures and systems to ensure compliance with the Central Bank of Bahrain Rulebook & other applicable regulatory requirements
Coordinate for the production and submission of the required regulatory reports, notifications and approval requests in an accurate and timely manner
Maintain and update the required regulatory reports, records and registers as mandated by the regulatory provisions
Manage and supervise implementation of companys compliance framework in co-ordination with all functional areas within the company
Monitor and control disclosure of company information prior to publication and ensure appropriate regulatory approvals are sought in an accurate and timely manner
Monitor compliance requirements of subsidiaries and branches as may be required from time to time
Provide report at regular interval to the Audit Committee Board of Directors about the Compliance implementation status
Carry out such other assignments as instructed by Audit Committee


Anti Money Laundering

Coordinate for and operate relevant procedures to ensure compliance with the Anti money laundering rules and regulations issued by the Central Bank of Bahrain or as appropriate
Ensure compliance of relevant corporate policies and procedures on Anti-money Laundering, including monitoring of transactions and filing of necessary reports to relevant authorities
Provide and manage Anti-money laundering training to employees within the company
Maintain appropriate records for Anti-money Laundering programmes and all related activities in line with the statutory and regulatory requirements


Corporate Governance

Maintaining and updating the Governance framework, monitoring compliance with requirements in the framework
Provide active assistance to Corporate Secretary in coordinating matters relating to governance matters
Establish and maintaining records of all operational policies, procedures, manuals, and analyzing appropriate reports ensure effective corporate governance


Requirements

Minimum of 10 years of experience involving a broad range of disciplines (Legal, Audit, Finance, Compliance and Risk Assessment) at a financial institution operating in a well extensively regulated environment
University Degree in Law
Professionally qualified lawyer or associate member of a professional legal body

Profile Summary

Type:Company Job

Eligibility:Bachelor of Laws (LLB)(Law).

Industry:Insurance

Function:Lawyers / Legal Advisors

Deadline:22nd Feb 2025

Desired Candidate Profile

Legal Compliance

Company Profile

Not Mentioned



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