Junior AML & Compliance Specialist
Italy
Location: Milan
Department: Legal & Compliance
Contract: Full-Time | Permanent | CBA: banking, 3rd Professional Area | Base Salary Range: 36k-40k
We're looking for a Junior AML & Compliance Specialist with at least 3 years of previous working experience in banks and/or financial institutions.
The selected candidate will be responsible for designing and building policies, procedures, and contractual infrastructures of our company, as well as executing the 2nd level of internal controls and assessments.
The role is primarily focused on supporting the local Head of Compliance in executing second-line controls and delivering day-to-day compliance activities (from MiFID to Banking and AML), collaborating closely with cross-functional colleagues. This is a hands-on opportunity for those who want to apply technical and analytical skills in a regulated and international environment.
§ Money Laundering and Counter-Terrorist Financing (AML/CFT)
- Oversee the client onboarding process: preparation and review of client files, conduct of due diligence investigations, and participation in client acceptance committees
- Perform second-level controls on KYC and AML/CFT frameworks and monitor remediation action plans
- Contribute to the drafting, updating, and continuous improvement of AML/CFT procedures
- Participate in cross-functional departmental projects (tool enhancements, process improvements, remediation initiatives)
- Monitor regulatory developments in AML/CFT and participate in industry working groups, with dissemination of key updates internally
- Organize and oversee AML/CFT training initiatives for staff
§ MiFID and ESG Compliance
- Review and validate marketing materials and client-facing documentation
- Support the launch of new investment products and services (e.g. sustainable finance, private equity offerings)
- Perform second-level compliance controls on MiFID and ESG activities and monitor implementation of recommendations
- Advise on ESG and private equity-related topics
- Monitor regulatory developments (MiFID, ESG, etc.) and coordinate with Group Compliance teams
- Oversee regulatory training frameworks (ESG, life insurance, etc.) and their deployment across business lines
§ Banking regulation
- Review and validate pre-contractual and contractual materials and client-facing documentation (Bank of Italy transparency regulation)
- Support the launch of new banking products and services
- Perform second-level compliance controls on banking activities and monitor implementation of recommendations
- Monitor regulatory developments (Banking regulation, usury, dormant accounts, etc.)
- Oversee regulatory training frameworks and their deployment across business lines
§ Studies & experience:
- Master-degree in Law, or Economics with a specific focus on Compliance, Internal Controls, or Risk Management.
§ Language skills:
- Italian (mother tongue) - English (fluent) - French (preferable)