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Deputy MLRO
Department:Risk
Location:Madrid
About the opportunity
We are currently seeking a Deputy Money Laundering Reporting Officer (DMLRO) for our Spanish Branch to join our dynamic international Compliance & Anti-Financial Crime (AFC) Management Team.
As part of our highly motivated and diverse global AFC team, you will contribute to a wide range of governance, risk management, and compliance initiatives. Your responsibilities will span key areas such as Anti-Money Laundering (AML), Counter-Terrorism Financing, Fraud Prevention, and Sanctions, ensuring full adherence to regulatory obligations. Additionally, your role will include coverage of Regulatory Compliance topics.
In this role, you will:
- Support to the MLRO on maintaining a solid relationship with Spanish regulatory authorities with a proactive attitude.
- Assist in designing and/or enhancing procedures and policies.
- Prepare reports to external authorities and internal stakeholders.
- Coordination and response to information requests from Internal Audit and the External Expert.
- Support in complying with SEPBLAC's Annual Statistical Requirement.
- Creation of risk assessment reports, both for the Branch's self-assessment and for the launch of new products.
- Implement and improve local procedures based on the local regulatory challenges and the group’s standard.
- Handle information in a structured way to report to management and the Internal Control Body.
- Work alongside multiple stakeholders within AFC and in the business to ensure a scalable and efficient platform, as well as attend regular meetings to follow up on actions planned
- Deputise for the MLRO in their absence or when necessary.
What you need to be successful:
Background:
- A university degree in economics, law, business, or other relevant areas.
- At least 5+ years of professional experience gained in an anti-financial crime or compliance or risk management role.
- Previous experience in senior Anti-Financial Crime (AFC) roles, preferably with prior interaction with the regulator (+5 years).
- Having prior experience in the fintech industry is considered a strong asset.
- A professional Financial Crime qualification from an internationally recognised body (e.g. ICA, ACAMS) would be beneficial.
- Excellent analytical, advisory, communication, and presentation skills.
- Solid knowledge of Sanctions regulations, the Mandatory Monthly Declaration (DMO), and the Financial Ownership File (FTF).
- A commitment to continuous learning and a willingness to challenge the status quo.
- A global mindset with the ability to act effectively in a local context.
- A strong bias for action, taking initiative to drive results.
- An open and constructive approach to giving and receiving feedback.
- Fluent in Spanish and English; German is an advantage.
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.
- 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.