AML Associate Digital Banks Italy

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 121000 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 BBVAs Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) framework and supplying advice and guidance to the businesses onAnti Money Laundering matters.
In this role you will be part of the Italian Compliance & AML Function and act asa key contact for internal stakeholders (local MLRO local AML function andGlobal and local FinCrime units and Global AML Function). Your work will combine analytical rigor operational efficiency and cross-functionalcollaboration to protect BBVAs reputation contributing to the stability of the financial system.

Key responsibilities

Develop enhance and refine best-in-class AML Compliance proceduresand practices.
Implement AML Compliance quality and testing evaluate processdeficiencies analyze control measures enhance reporting capabilities andrecommend 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 respondappropriately to escalated matters. Further escalate as needed; advisesenior management on initial findings.
Create develop and deliver relevant training to business and functionalpartners.
Develop and maintain an awareness of all applicable AML laws regulationsand corporate policies with a focus on regulatory changes.
Help to disseminate any new group and local AML requirements and assistthe business and operational functions to implement these throughtraining and advisory.
Assist the Head of the local AML Function to ensure that the stepsnecessary for an effective Anti-Money Laundering program are in place.
Help as required with the interaction and/or the preparation ofinformation for interactions with applicable Regulators.
Assist with any AML Investigations where applicable.
Update and maintain policies procedures internal systems and databasesessential 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. Helpundertake thematic review work and composition of reports to seniorcompliance / senior management as requested.
Help with the review of applicable audit findings and the evaluation of thebusinesss corrective action plans to deal with such.

What are we looking for

Masters Degree in Law Economics or comparable studies.
Extensive experience within AML/CFT function (minimum from 3 to 5 years). Preferable to have hadsome prior experience working in a Financial Institution with knowledge ofbanking 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 customeractivity with the ability to draw inferences from noted behavior includingtransactional 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 riskand/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 improveperformance.
Prior experience with enhancing and/or implementing AML policiesprocedures processes and internal controls.
Collaborative working style with colleagues and broader stakeholders.
Strong communication skills including both written and verbal and theability to communicate confidently and clearly with seniors andmanagement.

Languages

Italian: fluent
English: fluent
Spanish would be a plus

Skills: