AML & Compliance Specialist

Vedi l’offerta su Go Lavoro: golavoro.it/annuncio-lavoro/785o2r

Job Title: AML & Compliance Specialist

Location: Milan, Italy (On-site)

Department: Compliance and Risk Management Company Description

Bank of China is one of the most globalized banks, with operations spanning over 60 countries worldwide. Leveraging a vast global network, it provides comprehensive and tailored financial services to its clients. Ranked 42nd in the Fortune Global 500 list of 2022 and 4th in the Global Banking rankings by asset value, Bank of China is committed to serving as China's flagship global lender. About the Role

We are seeking a dedicated and detail-oriented AML & Compliance Specialist to join our team at the Bank of China Milan Branch. In this role, you will play a critical part in maintaining the integrity of our operations by leading anti-money laundering (AML) initiatives, managing connected transactions, and ensuring adherence to international regulatory standards. The ideal candidate will possess a strong background in banking compliance, a proactive approach to risk management, and the ability to collaborate effectively with various internal and external stakeholders.

Key Responsibilities

- AML and Sanctions Compliance Leadership
- Lead the establishment, implementation, and continuous improvement of the branch's AML framework and policies.
- Conduct comprehensive institutional Money Laundering (ML) risk assessments and oversee AML supervision and inspection activities.
- Maintain and optimize the AML IT system to ensure efficient monitoring and reporting.
- Organize and deliver regular AML and sanctions compliance training to staff across all departments.
- Provide expert compliance advice to business units regarding AML and sanctions regulations.
- Monitor and manage the progress of AML cases, taking the lead in investigating and resolving major AML incidents.
- Handle suspicious transaction reporting and cooperate with external agencies for joint AML inspections.




- Serve as the primary liaison with regulatory authorities on AML and sanctions matters.
- Act as the Secretary for the Branch Compliance and AML Committee, organizing meetings and maintaining records. 2.

Connected Transactions

Management

- Manage connected and internal transactions, ensuring full compliance with relevant regulations.
- Guide business departments on compliance requirements for related-party transactions.
- Lead the monitoring of connected parties and maintain the connected transactions monitoring system. 3.

Regulatory

Reporting and Due Diligence

- Oversee Foreign Account Information Reporting (FATCA/CRS) and track evolving regulatory developments.
- Guide Customer Due Diligence (CDD) processes and ensure accurate reporting of foreign account information to local regulators.
- Assist in the development and implementation of information reporting systems.

Qualifications and Requirements

- Experience: Minimum of 3 years of experience in the banking, financial services, or Big 4 accounting firms, specifically within Compliance and AML functions.
- Age: Candidates must be 35 years of age or younger.
- Education: Degree in Law, Finance, Economics, or a related field. Professional certifications in AML/CFT (e.g., CAMS) are a strong plus.
- Language Skills: Fluent in English and Italian is required. Proficiency in Chinese is a significant advantage.
- Technical Skills: Strong proficiency in MS Office (Word, Excel, PowerPoint) and experience with AML/compliance software systems.
- Soft Skills: High integrity, attention to detail, strong analytical skills, and the ability to work independently in an on-site environment. How to Apply

Interested candidates should submit their resume and cover letter detailing their relevant experience in AML and compliance.

We offer a competitive compensation package and the opportunity to work with one of the world’s leading global banks.

Vedi l’offerta su Go Lavoro: golavoro.it/annuncio-lavoro/785o2r