CCO_Deputy Local Compliance Officer & MLRO

Scope and Purpose

The Deputy LCO & MLRO is responsible for supporting the LCO & MLRO in managing and developing the relevant activities, assuring that all the support and administrative functions and activities are properly, timely and effectively managed, in fulfilling this he/she is expected to:

• Act as the branch’s LCO and MLRO in the absence of the LCO & MLRO;
• Attend and respond to any regulatory/internal reports and inquiries;
• Identify and thoroughly understand all the rules and regulations applicable to the Branch on an ongoing basis, measure and evaluate the impacts of such rules on internal processes and procedures;
• Verify, independently and autonomously, that the Branch has all necessary internal processes and procedures that meet the objectives or prevent violation of the rules and regulations applicable to the Branch, monitoring that all internal policies and procedures are compliant with both the local Regulators’ requirements and Intesa Sanpaolo internal rules and regulations;
• Update the Branch Policies & Procedures, on a yearly basis, or/and when needed (new regulatory requirements, Head Office update, etc.);
• Assist the LCO & MLRO in assessing the compliance of all innovative projects/products, anticipate and manage conflicts of interest;
• Monitor the compliance of the Branch with local laws and regulations in force concerning anti-money laundering, countering the financing of terrorism (CFT) and sanctions management;
• Manage periodic assessment of Compliance/AML/CFT/Sanctions Risks and its management techniques, assist in identifying and planning the compliance and AML activities;
• Perform ex-post verification of the adequacy and actual application of internal processes and procedures by monitoring the compliance with external and internal regulations by the business and corporate units.

Required Experience

• Minimum eight years of experience in Compliance & AML in banks/financial institutions/local regulators;
• Strong knowledge and experience in managing local regulatory requirements;
• Extensive experience in conducting risk assessments;
• Experience in KYC framework definition and KYC/CRA processes, AML Transaction Monitoring and Sanctions screening within a banking environment.

Required Qualifications, Skills and Knowledge

• Fulfill the requirements stated in article 17 of Regulation on Program of Compliance with Obligations of Anti-money Laundering and Combating the Financing of Terrorism
• Bachelor’s degree in law, finance, business administration, economics and/or related experience
• Fluent in speaking and writing in Turkish and in English, Italian is an advantage;
• Good command of Microsoft Office
• Good knowledge of local and international Economic Sanctions laws and regulations;
• Good knowledge of AML/CTF local and EU international, regulations and requirements;
• Knowledge of Anti-Bribery and corruption regulations;
• Knowledge of international Compliance regulations and international practices;
• Deep understanding of the local regulatory environment and expectations;
• Familiarity with various corporate structures e.g. Funds, Trusts, SPVs, etc is an advantage;
• Knowledge of financial institutions, correspondent banks and of trade finance products;
• Comprehensive understanding of typical financial institutions’ policies and procedures in place to ensure compliance with applicable regulations;
• Ability to research laws and regulations and provide advice on the applicability within a given environment;
• Deep understanding of the investment management/financial business.