About the opportunity
We are currently looking for an AFC Associate - SAR Delegate to join the Italian MLRO Team from Madrid. In this role, you will provide critical support in the execution of key operational financial crime related tasks for the Italian Branch, working under the guidance of the Italian MLRO and the AFC Senior Associate(s).
The AFC Associate will be assisting the MLRO Italy and the wider team in all their AFC control activities and will be based in Madrid (hybrid working policy).
In particular, the AFC Associate will primarily support the SAR review process, assist in various AFC control activities, and help in the coordination between the branch Compliance/AFC function and (i) the Global AFC function and (ii) the other functions working for the Italian market at the Global level, including AFC Ops, KYC Ops, Complaints Management and Prevention, Regulatory Reporting.
In this role, you will:
Support the Italian MLRO team in the following activities:
- Initial Review and Validation Support of the SARs (segnalazioni di operazioni sospette), ensuring accuracy and completeness of the documentation before submission.
- Assist in the preparation of communications and documentation related to the FIU and other investigative bodies concerning AFC topics.
- Provide support in advisory and guidance to AFC Ops & KYC Ops Italy teams on standard processes and procedures.
- Assist in the coordination efforts with other operational functions working for the Italian market.
- Participate in the review of controls methodology, controls results, and action plans; conduct specific local controls as directed.
- Support the Italian MLRO in various tasks, including the preparation of standard communications and the compilation of data for the annual self-assessment.
- Participate in Global and local specific projects for the Italian branch, focusing on data gathering and execution tasks.
- Assist in drafting and reviewing Policies & Procedures concerning AML / TF, primarily focusing on formatting and cross-referencing.
- Support the preparation and delivery of the training plan material and assist in continuously checking the adequacy of the material used.
What you need to be successful:
- A university degree in economics, law, business, or other relevant areas.
- 1 to 3 years of professional experience gained in an anti-financial crime or compliance or risk management role.
- Exposure to or basic understanding of the SARs filing process (segnalazione di operazioni sospette) with the Italian FIU is a plus.
- A professional Financial Crime qualification (e.g., ICA, ACAMS) is welcome but not mandatory.
- Foundational knowledge of European and Italian regulations on Financial Crime (AML/CTF, fraud, tax evasion).
- You are fluent in English and Italian, both spoken and written.
- Good communication skills, with an aptitude for relating clearly to internal teams.
- Hardworking, team worker and highly attentive to detail (crucial for document review).
- Strong analytical skills and willingness to learn quickly.
- Basic knowledge of the Italian regulatory environment and relevant processes regarding topics such as KYC, financial crime risk assessment, and transaction monitoring.
- You are detail oriented, diligent and reliable.
- You have a hands-on mentality and take on ownership of assigned tasks.
What’s in it for you:
- Accelerate your career growth by joining one of Europe’s most talked about disruptors 🚀.
- Employee benefits that range from a competitive personal development budget, work from home budget, discounts to fitness & wellness memberships, language apps and public transportation.
- As an N26 employee you will have access to a Premium subscription on your personal N26 bank account. As well as subscriptions for friends and family members.
- A high degree of autonomy and access to cutting edge technologies - all while working with a friendly team of peers of diverse nationalities, experiences, and backgrounds.
- A relocation package with visa support for those who need it.
Who we are
N26 has reimagined banking for today’s digital world. Technology and design empower everything we do and it’s how we are building the global banking platform the world loves to use.
We've eliminated physical branches, paperwork, and hidden fees for an elegant digital experience and supreme savings. Giving people the power to live and bank their way is what gets us out of bed in the morning and inspires the work that we do.
We are headquartered in Berlin with offices in multiple cities across Europe, including Madrid and Barcelona, and a 1,700-strong team of more than 80 nationalities.
Do you see yourself thriving in this role? We’d love to see your application even if you don’t meet 100% of the criteria. You may just be the right fit for this or other roles!
Equal opportunities for all
At N26, we believe our strength lies in our people and the varied perspectives they bring. We strive to build diverse teams that drive innovation and business success. We actively seek talent from all backgrounds and welcome applications from all genders, cultures, sexual orientations, abilities, neurodiversities, and ages.
We are committed to providing an excellent and accessible candidate experience. If you require any accommodations to make this process work for you, please let us know. We’re here to support you!
Discover more about Diversity & Inclusion at N26: https://n26.com/en-eu/diversity-and-inclusion