Compliance AML Specialist

Itaú BBA in Europe

  • Full Time

We have a great opportunity for a Compliance AML Specialist to join our Compliance team

in London or Lisbon (depending on which country you live in).

We offer a dynamic, challenging, international working environment, and provide development and growth opportunities to support you in your career with us.

This position will have the following geographical coverage: Itau BBA International plc (UK); Itaú BBA Europe, S.A. (Portugal), its branch in Luxembourg and Representative Offices (Paris and Madrid)

If you are authorised to work in the UK or in Portugal, we look forward to hearing from you.

Your key responsibilities would include:

Support the Head of Compliance and MLRO of Itaú BBA Europe, S.A. (IBBAE) and the Head of Compliance and MLRO of Itau BBA International plc (IBBAI) with a particular focus on the prevention of financial crimes, through the performance of the following tasks:

  • Advise the business and support areas on Financial Crime aspects, especially on the implementation of new products, to ensure compliance with relevant regulations.
  • Monitor the activities related to the AML and Compliance functions (e.g. trade surveillance, transactions monitoring, sanctions monitoring, related party transaction monitoring).
  • Perform tests related to regulatory risks (Compliance Monitoring Programme).
  • Ensure that any identified regulatory breaches are properly reported and recorded.
  • Ensure key Financial Crime regulatory changes impacting IBBAE and/or IBBAI are analysed, and the necessary changes are implemented.
  • Assist the Head of Compliance in the development and review of AML policies and procedures.
  • Assist internal and external auditors on their requests.
  • Ensure that AML regulatory requests are tracked and addressed.
  • Assist the Head of Compliance in the preparation of AML reports.
  • Implement the training framework, as defined by the Head of Compliance.
  • Prepare management information for Senior Management Committees.
  • Assist in the organization of meetings and minutes of the various committees.
  • Advise on any Financial Crime related aspects of projects being implemented as directed by the Head of Compliance.
  • Develop and oversee Business Wide Financial Crime Risk assessments.
  • Assist the Head of Compliance in the KYC and trade finance transactions approvals
  • Prepare AML risk opinion for products discussed in POC.
  • Development of Compliance operating manual procedures including processes for dormant clients, account closure.
  • Review of client classification for MiFID, EMIR and CFTC regulations
  • Review and ensure account opening process is documented accordingly from KYC. documentation, classifications, regulatory legal clauses.
  • Review and update Sanctions processes and policies.
  • Periodic review of AML relevant Business Operational Support procedures.
  • Guidance (where applicable) to the Business Operational Support area on aspects of the KYC as it relates to Financial Crime.
  • Identify and address all relevant areas of Financial Crime: Fraud, Bribery, Sanctions, AML.
  • Other Compliance activities, as directed by the Head of Compliance area

Skills and Qualifications:

  • Proven experience (+5 years) as a compliance officer
  • Strong written and verbal communication skills in English and Portuguese
  • Detail-oriented with strong organizational skills
  • IT skills are appreciated
  • Collaborative mindset with the ability to build relationships and work effectively with multiple counterparts

We are committed to fostering a diverse and inclusive workplace.

We are a Bank driven by diverse people with different backgrounds and experiences who are committed to generating value for our customers and our society.

We strive to create a welcoming and inclusive environment for everyone so that our employees can bring as much of their true selves to work as they like.

At Itaú, we recognize the importance of mirroring the diversity of our clientele within our workforce. This commitment is so fundamental to our ethos that “We treasure diversity” stands as one of our cornerstone values.

We believe that talent and innovation flourish in a diverse and inclusive environment.

Therefore, we encourage all candidates to apply regardless of gender, race, disability, sexual orientation, and any other characteristic that could be subject to discrimination.

Our Values

Our team of employees (Itubers) are passionate about what they do and are guided by the following core values:

  • We don’t have all the answers
  • We have each other’s back
  • We treasure diversity
  • We are driven by results
  • We put the client first
  • Ethics are non-negotiable

We want to provide an accessible experience for all candidates, so if you need any adjustments to any stage of our recruitment process, please let us know.

Join us in shaping a more inclusive and equitable future.

Only applications through LinkedIn will be considered, please do not send to us by email.

Please note: Due to the high volumes of applications that we receive, we will only contact those candidates that we would like to invite to interview for this position. We cannot provide feedback to applicants who are unsuccessful in gaining an interview.

We are responsible for ensuring that we use your personal data in compliance with data protection laws In Europe. As such, before you send your CV, please click on the link below which will take to our website and click on the relevant privacy notice which explains what personal data we will collect and how we will use it. Please take the time to read and understand all of the information it contains.

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