Compliance & AML Specialist Jr

Volkswagen Group

Milano

On-site

EUR 60,000 - 85,000

Full time

5 days ago

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Job summary

VOLKSWAGEN BANK GMBH in Milan, IT is seeking a Compliance & AML professional focused on ongoing monitoring, regulatory assessment, and advisory support for departments and branch management. The role emphasizes risk management, testing programmes, and training across compliance topics.

The position reports to the Compliance & AML Manager and involves collaboration with the Compliance Specialist Sr. to ensure adherence to laws and internal controls.

Qualifications

Regulatory knowledge across AML, anti-corruption and consumer protection laws.
Experience with compliance risk models and remediation actions.
Familiarity with Volkswagen Financial Services products and procedures.

Responsibilities

To provide regulatory advice to all Departments on Compliance issues related to AML, criminal acts and anti-corruption, anti-trust, consumer protection law, usury, etc.
To monitor regulation evolutions and conduct Compliance Risk Assessment activities to assess risks and mitigation actions.
To establish and conduct testing programmes to assess compliance with external/internal regulations.
To monitor handling of complaints and analyze data to identify recurring issues and mitigation actions.
To monitor security measures to prevent verification of criminal acts (conflicts of interest; anti-corruption; gifts)
To ensure trainings on compliance matters to all Departments.
To draw up and review internal regulations and policies.
To collaborate with Headquarter Departments in outsourcing processes.
To collaborate with Headquarter Departments in Internal Control System processes.
To collaborate with Headquarter Departments in Compliance Risk Management.
To actively participate in compliance projects from time to time.

Skills

Regulatory compliance knowledge

AML expertise

Risk assessment

Internal controls

Job description

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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

Assist the Compliance & AML Manager and collaborate with the Compliance Specialist Sr.

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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