Compliance Officer

A career at the Lombard Odier Group is something to be proud of. Our mission is to protect and grow our clients’ wealth - but not by any means necessary. Sustainability is at the heart of everything we do and we treat our clients’ wealth as if it were our own. We protect our clients’ assets for the long-term using expertise and innovation, all underpinned by our Rethink Everything philosophy. Our colleagues are the foundation of our success. We employ people at different life stages, from graduates to executive level leaders. The one thing they all have in common is that they seek to challenge the status quo, are imaginative and have the ability to offer a fresh perspective.
Reporting to the Chief Compliance Officer Europe, you will be responsible for the operational effectiveness of the Compliance Function of our branch in Italy as regards AML/CFT, Investor Protection and Conduct matters (MiFID2) ensuring adequate functioning of the local compliance function, proactive management of compliance risks and their timely escalation, as well as complete and accurate reporting to the relevant Italian authorities.
In your role, you will also work closely with the Compliance Function based at our European headquarters in Luxembourg as well as our Group headquarters in Switzerland, participating in Group and/or Luxembourg-led initiatives (regulatory or strategic projects, group-all training initiatives, deployment of tools and best practices), sharing expertise and providing local know-how.

**In particular, the role entails**:
**YOUR MISSION**:
Acting as MLRO of the Italian Branch
Manage AML/CFT compliance and financial crime risk consistently to ensure that risks and vulnerabilities are identified, controlled and reported in an effective, timely and uniform manner.
Advise and provide support to the business on the appropriate standards for compliance with the applicable AML/CFT laws, rules, and regulations, including providing training to the local Staff as well as supporting the overall LOESA Compliance organization in the development of the bank’s AML/CFT training program.
Be responsible for the local Due Diligence Committee (DDC) to accept the onboarding of clients, escalating to the European DDC the clients classified as PEP or High Risk.
Implement and update internal AML/CFT policies and procedures in accordance with local requirements and with LOESA and Lombard Odier Group policies.
Ensure the identification and adequate management of conflicts of interest relevant to the Italian Branch’s activities and its Staff, logging any issues in the conflicts’ register and promptly escalating any risk events to the Chief Compliance Officer. Within this context, you will also support the Luxembourg headquarters in evolving and improving the existing conflicts of interest and personal account dealing framework.
Keep regularly updated on Italian and European regulatory developments as well as on the respective regulator’s and industry practices so as to better assess potential compliance risks and needs, and adequately advise senior management. In this context, work closely with the Luxembourg headquarters and escalate potential regulatory developments in Italy that may impact LOESA’s current AML/CTF and/or investment services frameworks (e.g., client on-boarding, risk scoring, and monitoring; suitability & appropriateness, product distribution, product governance, client information ). Where relevant, you may actively participate in such initiatives to embed your expertise and ensure Italian regulatory requirements are taken into consideration.
Ensure adherence to and strong monitoring of all compliance related regulatory requirements and developments applicable to the Italian Branch, and including regulations in the EU
Ensure timely, complete and accurate reporting of significant control and compliance issues to top management, as well as to the relevant regulatory authorities in Italy
Provide the necessary support to Audit and Risk control functions, ensuring effective and timely implementation of audit issues, keeping orderly audit trail
Promote the highest ethical standards required of staff and to ensure staff meet the requirements of the Compliance Manual and the relevant regulatory rules.

**DESIRED PROFILE**:
Minimum of 10 years of relevant compliance experience on AML/CFT/MiFID2 compliance activities with a thorough understanding of the EU and local regulatory environment and regulator’s expectations
Strong skills in the financial services industry, with a good understanding of Private Banking business
Good knowledge and experience using AML/CFT screening tools such as Pythagoras, WorldCheck and LexisNexis and of the Microsoft office package
Strong interpersonal, communication, and presentation skills.
Analytical and organized mindset, results oriented, and problem-solving skills. Possess excellent attention to detail
Bachelor’s degree (or equivalent) required or evidence of comparable acade