Junior AML & Compliance Specialist

About Us

Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the worlds financial markets.

Our expertise intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients communities and planet.

We have 4600 talented specialists on the ground in over 40 countries around the world enabling us to deliver a unique global perspective across four market-leading business divisions Global Advisory Wealth Management Asset Management and Five Arrows.

As a family-controlled business built on relationships we place a huge emphasis on our people and finding the right colleagues to take our business forward.

Rothschild & Co is committed to an inclusive and supportive environment where different perspectives are valued. We are focused on the attraction and recruitment development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.

Location: Milan
Department: Legal & Compliance
Contract: Full-Time Permanent CBA: banking 3rd Professional Area Base Salary Range: 36k-40k

Were looking for a Junior AML & Compliance Specialist to join our Compliance team that is responsible among the other for designing and building the policies procedures and contractual infrastructure of our company as well as executing the 2nd level of internal controls and assessments.

The role is primarily focused on supporting the local Head of Compliance in executing second line controls and delivering day to day compliance activities collaborating closely with cross-functional colleagues. This is a hands-on opportunity for those who want to apply technical and analytical skills in a regulated and international environment.

• Money Laundering and Counter-Terrorist Financing (AML/CFT)

• Oversee the client onboarding process: preparation and review of client files conduct of due diligence investigations and participation in client acceptance committees

• Lead periodic KYC review campaigns: definition of scope implementation of the review framework analysis and validation of files and support to business teams

• Perform second-level controls on KYC and AML/CFT frameworks and monitor remediation action plans

• Contribute to the drafting updating and continuous improvement of AML/CFT procedures

• Participate in cross-functional departmental projects (tool enhancements process improvements remediation initiatives)

• Contribute to internal and regulatory reporting

• Monitor regulatory developments in AML/CFT and participate in industry working groups with dissemination of key updates internally

• Organize and oversee AML/CFT training initiatives for staff

• MiFID and ESG Compliance

• Review and validate marketing materials and client-facing documentation

• Support the launch of new investment products and services (e.g. sustainable finance private equity offerings)

• Perform second-level compliance controls on MiFID and ESG activities and monitor implementation of recommendations

• Contribute to the preparation of regulatory reports and Compliance Committee materials

• Participate in the compliance risk mapping process

• Conflicts of interest and inducements management

• Monitor regulatory developments (MiFID ESG etc.) and coordinate with Group Compliance teams

• Oversee regulatory training frameworks (ESG life insurance etc.) and their deployment across business lines

• Banking regulation

• Review and validate pre-contractual and contractual materials and client-facing documentation (Bank of Italy transparency regulation)

• Support the launch of new banking products and services

• Perform second-level compliance controls on banking activities and monitor implementation of recommendations

• Contribute to the preparation of regulatory reports and Compliance Committee materials

• Participate in the compliance risk mapping process

• Monitor regulatory developments (Banking regulation usury dormant accounts etc.)

• Oversee regulatory training frameworks and their deployment across business lines

• Advisory and Support to Business Teams

• Provide guidance to staff on operational compliance matters

• Advise on ESG and private equity-related topics

• Support teams on cross-border client-related issues

• Studies & experience:

• Masters degree in Law Economics or a related discipline with a specific focus on Compliance Internal Controls Risk Management or similar fields

• Language skills:

• English: fluent

• French: nice to have

Required Experience:

Junior IC

Employment Type : Full-Time
Experience: years
Vacancy: 1