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MLRO Italy
Department:Risk
Location:Milan
About the opportunity
We are currently looking for a Money Laundering Reporting Officer for Italy to lead our Italian MLRO and Compliance Team. You have a strong regulatory, internal controls and AFC risk management background in an international setting and an addiction to a high pace and tech driven environment.
You will be the appointed MLRO for the Italian Branch of N26 Bank and you will form a crucial part of the AFC setup and Compliance team in Europe. You will deal with a well-integrated broad array of governance, AFC risk management and compliance-related topics, in particular covering Anti-Money Laundering, Terrorism Financing, Fraud Prevention and Sanctions to fulfill the regulatory obligations. You will work along the Group MLRO and the Head of Group Compliance and Licensing to ensure that high quality standards in terms of AFC compliance and AFC risk management are being met all times in Italy.
In this role, you will:
- Be the designated Money Laundering Reporting Officer and Compliance Officer for the Italian Branch to interact with Bank of Italy and National Competent Authorities on Regulatory, Money Laundering, Corporate and Markets Compliance topics.
- Serving together with your team as the point of contact for regulators and other major authorities.
- Overseeing complex case investigations, sanctions reviews, and other AFC related processes.
- Monitor the Group Compliance roadmap in the Italian market (Regulatory, Corporate and Markets).
- Lead the Regulatory Compliance tasks in the Italian Branch (e.g. Regulatory Screening, Risk Assessment, Controls).
- Coordinate and contribute to the Corporate Compliance tasks in the Italian Branch (e.g. Conflicts of Interest, Anti-Bribery and Corruption, New Product Process, Conduct, Customer Protection).
- Execute the Markets Compliance tasks in the Italian Branch (e.g. MiFID, MAR requirements).
- Fulfil all regulatory required local Compliance reporting obligation as well as reporting obligations to Group Compliance.
- Evaluation of money laundering and financial terrorism relevance for new products and services based on local regulations and requirements.
- Support in leading core initiatives to improve the overall AFC setup taking into consideration innovative and scalable solutions.
- Implement and tailor group’s standard to local requirements based on the local regulation and market practices.
- Work alongside multiple stakeholders within AFC and in the business to ensure a scalable and efficient platform.
- Analysis of complex data as well as the derivation of necessary control measures.
- Overseeing the reporting of suspicious activity to Italian authorities.
- Prepare and present financial crime management information to senior stakeholders, including the preparation of the Internal Control Body committee.
- Provide guidelines and training to team members and the Technical AML/CTF Unit.
- Ensure the submission of the AML/CTF mandatory regular reporting to authorities.
What you need to be successful:
Background:
- A university degree in law or other relevant areas.
- Professional experience gained in an anti-financial crime or compliance or risk management role, with at least 10+ years.
Skills:
- Relevant hands-on experiences being in a regulated appointed role.
- A professional Financial Crime qualification from an internationally recognised body (e.g. Frankfurt School, ICA, ACAMS) would be beneficial.
- Fluent in Italian & English, any further language is a plus.
- Hardworking, team worker and attentive to detail.
- Strong analytical, advisory, communication and presentation skills, and proactive initiative are among your strengths.
- Knowledge of the Italian regulatory environment and relevant processes with regard to topics such as KYC, financial crime risk assessment, transaction monitoring, fraud / terrorist financing, sanctions / embargoes, and screening is a plus.
Traits:
- Actively help yourself (and others) be successful
- Continuously learn and challenge the status quo
- Think globally, act locally
- Strong bias for action
- Give and receive open, direct and timely feedback
What’s in it for you:
- Accelerate your career growth by joining one of Europe’s most talked about disruptors 🚀.
- Employee benefits that range from a competitive personal development budget, work from home budget, discounts to fitness & wellness memberships, language apps and public transportation.
- As an N26 employee you will have access to a Premium subscription on your personal N26 bank account. As well as subscriptions for friends and family members.
- Vacation days vary depending on your location of work. Additional day of annual leave for each year of service.
- A high degree of autonomy and access to cutting edge technologies - all while working with a friendly team of peers of diverse nationalities, life experiences and family statuses.
- A relocation package with visa support for those who need it.