Financial Crime Compliance Specialist - Milan Bardi

Financial Crime Compliance Specialist - Milan
Bardi
Emilia Romagna, Bardi

Start: ASAP Duration: 4-6 months For one of our clients, we are looking for a Financial Crime Compliance Specialist in Milan.

To effectively assist, support and advise the business unit, the Financial Crime Compliance Specialist must develop a clear understanding of the local business practices and strategy, acting within the scope of the Italian AML Framework and the FEC Policy and must review and continually assess, improve, and monitor the effectiveness of the local level AML risk management framework.

The Financial Crime Compliance Specialist is the individual within the second-line controls organization who is responsible for maintaining an effective and responsive anti-money laundering governance framework on an independent basis from business and operational areas (and without hierarchical subordination to the head or manager of such areas).

Key Responsibilities: Maintain a current understanding of the local business practices and strategy, acting within the scope of the Italian AML Framework and the FEC Policy and review and continually assess, improve, and monitor the effectiveness of the local level AML risk management framework.

Identify systemic procedural weaknesses and additional training requirements for the Bank and perform gap analysis for regulatory requirements changes/updates.

Give support to Bank Financial Crime projects in order to provide requirements and to review the adequacy of control framework in place for Financial Crime risks' prevention.

Give support to the set-up of annual risk assessment requested by Bank of Italy and Group.

Support and review new product approval documents for the Financial Crime part.

Give advice in relation to Financial Crime topics (e. g.

Screening, Customer Due diligence, AML advice etc. ).

Support and provide guidelines to the First Line of Defence in the execution of the Customer Due Diligence and KYC.

Build, monitor and execute annual AML mandatory training to all bank employees, providing contents, reviewing training material and acting as trainer in face-to-face training classrooms.

Perform risk assessments and gap analysis on new laws/regulations issued by local and global Regulators.

Involvement in global projects in the Financial Crime area with constant interaction with the Group Head Office.

Educational Qualifications: University degree in Economics/Law.

Technical, Language and other Specialized Skills: Solid knowledge of AML regulatory framework.

Solid knowledge of Italian Law regarding anti-money laundering.

Strong written and oral communication skills, and ability to work independently as well as part of various teams.

Ability to deliver high-quality work under deadlines.

Fluent knowledge of English Language.

Work Experience: 5+ years' experience in AML/KYC roles in banks or Advisory Firms.

Allocation: Fulltime Location: Milan Onsite/Remote: Must be onsite 4 days per week from the company office in Milan.

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