Compliance & AML Specialist Jr

Volkswagen Financial Services

Milano

On-site

EUR 60,000 - 90,000

Full time

2 days ago

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Job summary

Volkswagen Financial Services in Milan seeks a Compliance & AML professional to support the Compliance & AML Manager, collaborate with senior specialists, and ensure ongoing monitoring and assessment of regulatory changes affecting the organization.

You will contribute to monitoring, testing programs, training, and the development of internal regulations, while coordinating with Headquarters and branch management to mitigate regulatory risk.

Qualifications

Knowledge of regulatory frameworks applicable to financial services and AML/compliance risk.
Experience in AML tasks and topics is beneficial.
Ability to assess impact of regulations on processes and departments.

Responsibilities

Provide regulatory advice on AML, anti-corruption, consumer protection and related laws.
Monitor regulatory evolutions and conduct Compliance Risk Assessments.
Establish and conduct testing programs to assess compliance.
Monitor complaint handling and identify recurring issues and mitigations.
Collaborate with HQ and departments on controls and risk management.
Deliver compliance trainings to departments and review internal regulations.

Skills

Regulatory knowledge

AML

Compliance risk management

Internal controls

Testing programs

Training

Job description

Description

He/She assists the Compliance & AML Manager and collaborate with the Compliance Specialist Sr. in ensuring ongoing monitoring, assessment and follows up about any modifications to imperative regulations and quantify business impact in order to give advice to all Departments and Branch Management

Role and duty – core business

To provide regulatory advice to all Departments (with assessment of the impact on the organization and processes) on Compliance issues related to Anti-Money Laundering, Criminal Acts and Anti - corruption, Anti – Trust, Consumer Protection Law, Usury etc…;
To ensure steady monitoring on regulations’ evolutions in order to conduct the Compliance Risk Assessment activities aimed at assessing compliance risk and the related mitigation actions;
To establish and conduct testing programmes (and related methodologies) to assess the degree of compliance with external / internal regulations;
To ensure the monitoring of the complaints’ handling by carrying out an ongoing analysis of the complaints data in order to identify recurring critical issues and detect adequate mitigation action;
To ensure steady monitoring of security measures in place in order to prevent the risk of verification of criminal acts (conflicts of interest; anti – corruption; invitations and gifts);
To ensure trainings on compliance matters to all Departments;
To draw up and review the internal regulations and policies;
To collaborate with Headquarter Departments in outsourcing process;
To collaborate with Headquarter Departments in Internal Control System process;
To collaborate with Headquarter Departments in Compliance Risk Management;
To actively participate in compliance projects from time to time.

Competences

Basic Knowledge of VOLKSWAGEN FINANCIAL SERVICES products and services and internal procedures
Basic Knowledge of main laws and regulations applicable to VOLKSWAGEN FINANCIAL SERVICES
Basic Knowledge of compliance risk models
Basic Knowledge of VWB back office activities
Basic experience/knowledge in AML tasks/topics

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