AML Associate Digital Banks Italy

Descripción del puesto:

Excited to grow your career?

BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.

At BBVA S.A. - Italian Branch we are seeking an AML Associate to join our AML Function within the Digital Banking Business Line. This position plays a key role in protecting the bank from money laundering, sanctions and embargoes and terrorism financing.

About the job:

As AML Associate, you will play a key role in designing, implementing and overseeing BBVA's Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) framework and supplying advice and guidance to the businesses on Anti Money Laundering matters.
In this role, you will be part of the Italian Compliance & AML Function and act as a key contact for internal stakeholders (local MLRO, local AML function and Global and local FinCrime units and Global AML Function). Your work will combine analytical rigor, operational efficiency and cross-functional collaboration to protect BBVA's reputation, contributing to the stability of the financial system.

Key responsibilities

● Develop, enhance and refine best-in-class AML Compliance procedures and practices.
● Implement AML Compliance quality and testing, evaluate process deficiencies, analyze control measures, enhance reporting capabilities and recommend corrective actions while satisfying regulatory and audit commitments. Further, assess and identify emerging risks and recommend / drive program enhancements.
● Review and collaborate with internal stakeholders to respond appropriately to escalated matters. Further, escalate as needed; advise senior management on initial findings.
● Create, develop and deliver relevant training to business and functional partners.
● Develop and maintain an awareness of all applicable AML laws, regulations and corporate policies, with a focus on regulatory changes.
● Help to disseminate any new group and local AML requirements and assist the business and operational functions to implement these through training and advisory.
● Assist the Head of the local AML Function to ensure that the steps necessary for an effective Anti-Money Laundering program are in place.
● Help as required with the interaction and/or the preparation of information for interactions with applicable Regulators.
● Assist with any AML Investigations, where applicable.
● Update and maintain policies, procedures, internal systems and databases, essential for compliance with applicable AML laws, rules and regulations.
● Lead the implementation of new or enhance existing AML processes and controls within AML as applicable.
● Participate/Lead AML Governance forums and Committee meetings. Help undertake thematic review work and composition of reports to senior compliance / senior management as requested.
● Help with the review of applicable audit findings and the evaluation of the business's corrective action plans to deal with such.

What are we looking for?

● Master's Degree in Law, Economics or comparable studies.
● Extensive experience within AML/CFT function (minimum from 3 to 5 years). Preferable to have had some prior experience working in a Financial Institution with knowledge of banking products and services.
● Familiarity with relevant AML case management systems.
● Significant experience in identifying activity suggesting AML or CTF risk.
● Extensive experience in undertaking investigations/analysis into customer activity with the ability to draw inferences from noted behavior, including transactional profile, against expectation established from CDD data.
● Strong understanding of the regulatory landscape surrounding AML/CTF.
● Significant experience in assessing reports to identify AML/CTF risk and/or SAR reporting.
● AML certification would be a plus.
● Strong Knowledge of Italian and European AML laws and regulations.

Skills

● Strong analytical mindset with excellent attention to detail.
● Consistently achieve set objectives and take action to improve performance.
● Prior experience with enhancing and/or implementing AML policies, procedures, processes and internal controls.
● Collaborative working style with colleagues and broader stakeholders.
● Strong communication skills, including both written and verbal, and the ability to communicate confidently and clearly with seniors and management.

Languages

● Italian: fluent
● English: fluent
● Spanish would be a plus

Skills:
Client Orientation, Critical Thinking, Empathy, Ethics, Innovation