Compliance Officer & MLRO

About Fasset:

At Fasset, we believe your money should answer to you. We are a banking and investment platform built around a simple idea: more people should have access to the financial system, regardless of where they live. We are building the global financial system for ownership, one that moves what you earn into what you own, so that what you can own is never decided by where you were born.

We operate across emerging markets, with a particular focus on the Middle East, Asia and Africa. Founded by Mohammad Raafi Hossain and Daniel Ahmed, Fasset has raised more than $80 million and holds regulatory approvals across markets including the UAE, Indonesia, Malaysia, the EU, Türkiye and Pakistan.

We are a fast-moving, global team scaling a regulated platform across multiple markets. Our culture runs on HEART:
Humble Curiosity, Enthusiasm, Act Like Owners, Raise the Bar, and Tenacity. And we hold one simple view about the people who join us: the owners arrive early.

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.

• 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.

• 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.

• Ownership from day one. High-trust, high-ownership culture where you get room to act like an owner and the support to raise the bar.
• Competitive pay, benchmarked across our markets and reviewed as you grow.
• A real path forward through Grow with Fasset (#GwF), our L1-L7 progression framework with both IC and Manager tracks.
• Global exposure working alongside a team spread across seven markets, solving problems that matter for emerging economies.
• Learning and development support to keep growing your craft.