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 to join our Compliance team, that is responsible among the other for designing and building the policies, procedures, and contractual infrastructure 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, 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
Lead periodic KYC review campaigns: definition of scope, implementation of the review framework, analysis and validation of files, and support to business teams
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)
Contribute to internal and regulatory reporting
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
Contribute to the preparation of regulatory reports and Compliance Committee materials
Participate in the compliance risk mapping process
Conflicts of interest and inducements management
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
Contribute to the preparation of regulatory reports and Compliance Committee materials
Participate in the compliance risk mapping process
Monitor regulatory developments (Banking regulation, usury, dormant accounts, etc.)
Oversee regulatory training frameworks and their deployment across business lines
Advisory and Support to Business Teams
Provide guidance to staff on operational compliance matters
Advise on ESG and private equity-related topics
Support teams on cross-border client-related issues
Studies & experience:
Master’s degree in Law, Economics or a related discipline, with a specific focus on Compliance, Internal Controls, Risk Management or similar fields
Language skills:
English: fluent
French: nice to have