Compliance officer Italian Branch
Moneyfarm, Italy
Job Description
CV must be sent in English
Who we are:
We’re a pan-European digital wealth manager with 128,000 active investors (growing fast!) and over 3.5 billion on our platform. With 210+ people across 3 offices in Italy and the UK, we’re supported and funded by Poste Italiane, Cabot Square Capital, Allianz and Mamp;G.
We started in 2011 in Milan with a simple vision - to help more people improve their financial well-being by making personal investing straightforward and accessible through technology. Fast forward a few years, and we’re known as one of the most innovative fintechs headquartered in the heart of London.
Mission
To provide investment solutions and advice to protect and grow client wealth through time.
Our Core Values:
We’ve built our business on three Principles:
- Relationships are our first asset: We’re one team, built on trust, honesty and transparency. We value our relationships above all else.
- Trust drives success: We give each other the space to grow. We empower our employees to succeed, so they can make a real impact.
- Our customers dream big, just like us: We see the bigger picture and we make sure our customers see it, too. We’re always focused on the best outcomes for our clients and for each other, no matter what the goal, or how big the dream
What this means in practice:
At Moneyfarm, diversity is the foundation of our competitive advantage. We value our employees for who they are their backgrounds, experiences, talents, knowledge and individual differences. This is what makes us better at what we do. To accommodate our different needs and commitments, we offer flexible working to all. Our individual impact and output is what counts most.
About the role:
To assume responsibility for the compliance achievement of the Italian branch of Moneyfarm including being the primary compliance liaison with the Italian Regulators (CONSOB and Bank of Italy). Being part of the Group team that sets compliance standards for Moneyfarm and monitors adherence to those standards as well as providing ongoing advice to the business.
Main Responsibilities:
- Ensure all reporting to CONSOB amp; Bank of Italy is completed:
- Annual Report on Investment Services, Annual Compliance Report, Annual Risk Report
- Attend Risk Committee and Branch Committee and support with the content preparation
- Work on the execution of the Compliance monitoring plan
- Address Italian complaints
- Advice and help the MD for the Italian branch and the wide business when and as required.
- Support the documentation and implementation of the Risk framework Provide training and support the annual training plan
Requirements
- Experience in wealth management compliance is essential
- Proven expertise on regulatory aspects for Italian SIMs and SGRs, including but not limited to:
- reporting to CONSOB
- reporting to the Bank of Italy
- reporting to AdE
- reporting to clients (statements, ex-post cost disclosure, ongoing suitability report, etc.) Including the recent changes introduced with regards to ESG investments
Good to have
Competence in Italian taxation (discretionary and administered regimes)
Experience working for/alongside a UK regulated entity