STAGE | Compliance & AML Specialist Jr

Volkswagen Financial Services | Italy; Milano; On-site; EUR 90,000 - 120,000; Full time

Job summary

Volkswagen Financial Services Italy is seeking a Compliance & AML Manager to support the department and collaborate with the Senior Compliance Specialist. The role focuses on providing regulatory guidance across departments, monitoring regulatory changes, and leading testing programs to ensure adherence to laws on AML, anti-corruption, consumer protection, and related areas.

You will also oversee complaints analysis, maintain security measures, and participate in cross-functional compliance

Qualifications

• Strong knowledge of AML and compliance regulations.
• Experience with internal control systems and risk management.
• Familiarity with consumer protection laws and anti-corruption practices.
• Ability to assess regulatory impact on processes.

Responsibilities

• Provide regulatory advice to all Departments on AML, anti-corruption, and related matters.
• Monitor regulatory evolutions and perform Compliance Risk Assessments.
• Establish and conduct testing programs to assess compliance with regulations.
• Monitor complaints handling to identify recurring issues and mitigation actions.
• Train staff on compliance matters and update internal regulations and policies.
• Collaborate with Headquarters on outsourcing, internal control system, and risk management.
• Participate in compliance projects as needed.

Skills

Compliance

AML

Regulatory knowledge

Risk assessment

Internal controls

Job description

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

Personal flairs

• Open to feedback, and able to adjust to new situations