Job Description:To effectively assist, support and advise the business unit, the Financial Crime Compliance Specialist must develop a clear understanding of the local business practices and strategy, acting within the scope of the Italian AML Framework and the ING Group FEC Policy.
The Specialist must review and continually assess, improve, and monitor the effectiveness of the local level AML risk management framework.The Financial Crime Compliance Specialist is the individual within the second-line controls organization who is responsible for maintaining an effective and responsive anti-money laundering governance framework on an independent basis from business and operational areas (and without hierarchical subordination to the head or manager of such areas).Key Responsibilities:Maintain a current understanding of the local business practices and strategy, acting within the scope of the Italian AML Framework and the ING Group FEC Policy and review and continually assess, improve, and monitor the effectiveness of the local level AML risk management framework.Identify systemic procedural weaknesses and additional training requirements for the Bank and perform gap analysis for regulatory requirements changes/updates.Support Bank Financial Crime projects to provide requirements and review the adequacy of control framework in place for Financial Crime risks' prevention.Support the set-up of annual risk assessment requested by Bank of Italy and Group.Review new product approval documents for the Financial Crime part.Advise on Financial Crime topics (e.g., Screening, Customer Due diligence, AML advice, etc.
).Provide guidelines to the First Line of Defence in executing Customer Due Diligence and KYC.Build, monitor, and execute annual AML mandatory training for all bank employees, providing content, reviewing training material, and acting as trainer in face-to-face training classrooms.Perform risk assessments and gap analysis on new laws/regulations issued by local and global Regulators.Involvement in global projects in the Financial Crime area with constant interaction with the Group Head Office.Educational Qualifications:University degree in Economics/Law.Technical, Language and other Specialized skills:Solid knowledge of AML regulatory framework.Strong written and oral communication skills, and ability to work independently as well as part of various teams.Ability to deliver high-quality work under deadlines.Fluent knowledge of English Language.Work Experience:3+ years' experience in AML/KYC roles in banks or Advisory Firms.Duration:TemporaryLocation:Milan (hybrid)About INGING offers many opportunities to build a diverse and rewarding career.
You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional.The benefits of joining INGSuper flexible smart working.Competitive base salaries and performance-based bonuses.Diverse cultures Innovative mindsets.International Environment.Commitment to sustainability.Lots of training development opportunities to help you grow.Lots of moments dedicated to physical and mental well-being.A special day off when it is your birthday: we call it #doyourbirthday!Free water coffee at the office!Our CommitmentDiversity is a fundamental element of our corporate culture, and we are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.
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