Compliance Office Milan

Job Description

Business: Neuberger Berman Asset Management Ireland Limited (NBAMIL)

Department: Legal & Compliance

Position: Compliance Officer

Location: Milan Italy

Reporting to: NBAMIL Head of Compliance Dublin

Position Overview:

The role is responsible for the day-to-day Compliance Function of the NBAMIL Milan Branch and its Italian operations. The role also forms an integral part of the European Compliance Team with responsibilities to support the compliance oversight of other NBAMIL European Branch offices and to support the firms broader European compliance agenda.

Close co-ordination and interaction with the Milan Head of Branch is required to ensure effective oversight of Italian market activities within the Milan Branch to:

Primary Responsibilities:

• Ensure adherence to procedures designed to ensure compliance with all applicable legal and regulatory requirements of the branch itself and all the funds distributed in the Italian market by distributors into the retail markets.
• Providing compliance support including advice and support for the branch portfolio managers analysts marketing sales and product development teams.
• Conducting monitoring of all activities to identify departures from regulation and to help senior management to identify opportunities to enhance business processes and controls. Monitoring the follow up of compliance issues errors and breaches that have been reported
• Act as regulatory liaison with both the CONSOB and the Banca dItalia; including
• ensuring the timely filing of all regulatory reporting obligations. This will include co-ordination within the NB Group of the production of required data liaison and submission
• Drafting maintaining and updating certain firm policies and procedures to align with Italian and/or EU rules and regulations
• Formalising and documenting the framework of compliance procedures and the Compliance Monitoring Plan
• Produce monitoring reporting and management information including quarterly reporting for the NBAMIL Board of Directors
• Assisting with Italian regulatory examinations inquiries investigations and projects as necessary
• Monitoring of retail and institutional marketing materials and distribution activities in the Milan branch
• Training: oversight and management of compliance training such as:

online e-learning modules / face-to-face training with Milan branch staff / induction training of all new NBAMIL Milan employees and ongoing employee training designed to foster a culture of compliance

• Maintaining of training calendars and logs and leading in Compliance training to frontline Italian businesses

Key Requirements / Qualifications:

• 5 years experience in an asset management firm Compliance Function environment including knowledge and understanding of MiFID UCITS and AIFMD;
• Experience in a retail / intermediary fund environment is a pre-requisite;
• Fluent Italian and English essential;
• Appropriate Italian Compliance accreditations preferable;
• Proficiency in another European language(s) is preferable
• Ability to work in both a local Italian and a wider European Team environment; across different countries / environments / cultures;
• Experience designing executing and managing compliance testing and monitoring is desirable;
• Literate in Microsoft Excel Word PowerPoint and Outlook and happy to negotiate new systems when needed;

• Working familiarity with funds equity and fixed-income securities preferable;
• Effective verbal and written communication skills (crucial);
• Methodical person with a strong attention to detail together with good administrative skills and an analytical approach to problem solving. Needs to be able to see projects through to completion;
• Ability to identify material issues and know when to escalate;
• Ability to prioritise effectively work to tight deadlines and make quick reasoned decisions;
• Ability to interact with all levels of staff including senior management and report to Committees and Boards of Directors;
• Excellent inter-personal skills with a strong personality enthusiastic confident highly motivated and organised team player but able to operate under their own initiative with minimal supervision.

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