Compliance Officer Italy (m,f,d)

At Julius Baer, we celebrate and value the individual qualities you bring, enabling you to be impactful, to be entrepreneurial, to be empowered, and to create value beyond wealth. Let’s shape the future of wealth management together.

The role acts as a compliance advisor within the entity in connection with Italian and European financial regulations, and in particular to regulations related to insurance brokerage activities. This includes the performance of thematic regulatory reviews and the provision of expert support in relation to regulatory changes.

In addition to this, the Compliance Officer Italy (COI) collaborates with the Consolidated Supervision Team in the monitoring of the business and contribute to the performance of second-line-of-defense controls..

The role reports directly to the Head of Products & Services Compliance of Bank Julius Baer Europe S.A. Additionally, the COI reports to the CMLRO, supporting him for compliance/AML topics related to the Italian branch.

YOUR CHALLENGE

General/ Compliance Culture

Ensure the compliance of BJBE with applicable banking and securities laws, regulations and internal guidelines regarding financial regulation, and in particular to insurance-related rules (i.e. IDD). Ensure excellent and evolving knowledge of all regulations, industry best practice and in-house policies and procedures

Relationship with Regulators and Authorities

Support the CMLRO and Head of Products & Services Compliance in maintaining a sound and regular relationship with the Italian authorities and other relevant regulators and ensure the respect of the reporting to the local regulators

Compliance Advisory Service

Provide advice to and liaise with BJBE Management on compliance related matters

Provide advice on regulatory compliance matters to the business and the senior management

Draft and review compliance guidance and internal policies/procedures

Participate in projects addressing new regulatory initiatives and contribute to the enhancement of regulatory processes

Update BJBE Management in the location on any regulatory changes with relevance to their respective area of responsibility

Participate in the new business activities process as a regulatory advisor

Ensure excellent and evolving knowledge of all regulations, industry best practice and in-house policies and procedures

Compliance Programme

Implement and maintain all relevant global standards as defined in the Global Julius Baer Compliance Program in BJBE under consideration of the relevant local regulations and laws

Analyse periodically the business activities in the local entity in order to assess the existing compliance risks

Conduct appropriate controls following the “Three-Lines-of-Defence-Model” and ensure that the number and design of controls is commensurate with the level of risks (risk based approach)

Provide Management assurance by periodically testing the adherence to compliance rules

Prepare regular and ad-hoc reports for BJBE Management and Compliance Head Office with regard to the execution of compliance activities and respective outcomes

YOUR PROFILE

Master s degree in Economics, Finance or Legal

At least 3 years of relevant experience in the European financial industry (audit, banking..)

Good understanding of European financial laws and regulations and in particular of insurance-related rules (i.e. IDD)

Excellent analytical qualities and problem-solving mind-set to define efficient compliance solutions to regulatory needs

Excellent verbal and writing skills in English and Italian to prepare clear, concise reports with minimal supervision. Additional languages are considered as an asset.

Detail oriented and demonstrate a high readiness of mind

Ability to work under pressure, autonomously and within a team

Ability to go along with different cultural backgrounds

Personal and social

Passionate with appetite for driving and implementing change with both a control and a service mind-set

Ability to deep dive and tackle topics “hands on” when required

Able to communicate with impact as well as build and maintain sound relationships with stakeholders locally and globally

Strong negotiator

Strong ability to define and lead the implementation of pragmatic and effective solutions

Professional and Technical

Experienced Compliance officer with significant experience in terms of EU regulations and Italian regulation more specifically

Significant experience in the international wealth management industry (HNWI, UHNWI)

Detailed knowledge of investment services regulations with a particular focus on the insurance products

Experience in dealing with regulators and respective requests

Project management experience as leader and project member

We are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our Career site.

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