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Compliance & AML Assistant Director, Milan Wealth Management

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Rothschild & Co

1mo ago

  • Job
    Full-time
    Expert Level
  • Legal
  • Milan

AI generated summary

  • You must have a degree, senior compliance experience in Wealth Management, regulator relations in Italy, strong influencing skills, and excellent communication abilities.
  • You will liaise with regulators, maintain compliance policies, assess control systems, ensure training, and report to senior management while fostering a client-centric compliance culture.

Requirements

  • Educated to degree level
  • Further professional qualifications desirable
  • Previous experience working in a senior level compliance capacity within Wealth Management is essential
  • Previous experience of managing an organisation's relationship with Italian regulators
  • Well-developed influencing and persuasion skills; able to promote both conceptual ideas as well as a change agenda
  • Ability to present clear and concise information to a broad audience
  • Significant problem solving and analytical skills
  • Demonstrate a hands-on approach with the willingness to be adaptable and flexible when needed
  • Excellent written and verbal communication skills, capable of working with people at all levels

Responsibilities

  • Act as the firm's principal point of contact with regulatory authorities Consob, Bank of Italy, Ufficio Italiano Cambi and others
  • Own and maintain the firm's compliance policy framework
  • Identify relevant proposed regulatory change and work with senior management to prepare for its impact on WM IT
  • Provide regular appraisal for senior management as to the overall effectiveness of the control systems and monitoring framework including all proposed changes, recommending improvements where necessary
  • In conjunction with the Risk department and Group Compliance, ensure the execution of a suitable Compliance Monitoring Plan
  • Proactively engage with a wide range of colleagues to promote and maintain a principled and client centric compliance culture throughout the firm
  • Arrange for all staff to be trained and coached, as necessary, in matters related to compliance with Italian regulatory requirements
  • Ensure that the Compliance function maintains its independence and objectivity
  • Provide timely reporting to the firm's Board of Directors and Management

FAQs

What is the job title for this position?

The job title is Compliance & AML Assistant Director for Milan Wealth Management.

What are the main responsibilities of the Compliance & AML Assistant Director?

The main responsibilities include acting as the principal point of contact with regulatory authorities, maintaining the firm's compliance policy framework, providing regular appraisals of the control systems, and ensuring staff are trained in compliance matters.

Who does the Compliance & AML Assistant Director report to?

The Compliance & AML Assistant Director reports to the Board of Directors and the CEO of WM IT.

What qualifications are required for this position?

A degree-level education is required, and further professional qualifications are desirable.

Is previous experience in a similar role necessary?

Yes, previous experience working in a senior-level compliance capacity within Wealth Management is essential.

What skills are necessary for the role of Compliance & AML Assistant Director?

Significant problem-solving and analytical skills, well-developed influencing and persuasion skills, and excellent written and verbal communication skills are necessary.

How does Rothschild & Co approach diversity and inclusion?

Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued.

Are there opportunities for professional development within this position?

Yes, Rothschild & Co places a huge emphasis on the attraction, development, and retention of high-caliber talent for long-term career opportunities.

Will the Compliance & AML Assistant Director need to engage with other teams?

Yes, the role involves proactive engagement with a wide range of colleagues to promote a principled and client-centric compliance culture.

Is experience with Italian regulators required?

Yes, prior experience managing an organization's relationship with Italian regulators is required for this role.

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Rothschild & Co

We offer a distinct perspective that makes a meaningful difference to our clients'​ business and wealth.

Finance
Industry
1001-5000
Employees
1810
Founded Year

Mission & Purpose

Rothschild & Co is one of the world's largest independent financial advisory groups. We offer a distinct perspective that makes a meaningful difference to our clients’ business and wealth. With a team of 3,800 talented financial services specialists on the ground in more than 40 countries across the world, we provide independent advice on M&A, strategy and financing, as well as investment and wealth management solutions to large institutions, families, individuals and governments. As a family-controlled business that has been at the centre of the world’s financial markets for over 200 years, we can rely on an unrivalled network of specialists and are known for our track record of outstanding execution in financial services.

Benefits

  • Dental Insurance

  • Paid Holidays

  • Maternity & Paternity Leave

  • Flexible Spending Account (FSA)