Money Laundering Reporting Officer SSBI Italy, Vice President

Money Laundering Reporting Officer MLRO SSBI Italy, Vice President. Be part of the Financial Crimes Compliance team of State Street Bank International GmbH (SSBI) in Milan, Italy. You will drive and shape the future of the firm\'s policies, procedures, systems and controls to prevent and detect financial crime. The role sits within SSBI\'s Financial Crimes Compliance (FCC) function and the role holder will also have regulatory responsibility in Italy as the Money Laundering Reporting Officer ("MLRO").

This role can be performed in a hybrid model from the Milan office.

• Develop, implement and maintain the AML/CTF and sanctions program in accordance with Italian and EU regulations, EBA and Bank of Italy guidelines as well as group policies, ensuring that new, or amended regulatory obligations, industry guidance and best practice applicable to SSBI Italy are reflected in operating procedures and controls.
• Provide advice and challenge to first line of defense in their creation, maintenance and development of effective systems, controls, policies, procedures and training to ensure SSBI Italy complies with Financial Crimes related regulatory and legal requirements.
• Act as the designated point of contact for the Unit\u2019\u00a0di Informazione Finanziaria (UIF) and other regulatory authorities regarding AML, KYC, sanctions, fraud and ABC risks and issues.
• Be the accountable person for the receipt and evaluation of internal unusual activity referrals that might indicate financial crimes, and report suspicious transactions to local competent authority in a timely and accurate manner.
• Advise on customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring procedures, as well as new products/services.
• Ensure that the AML/CTF training and awareness programs are provided to staff across SSBI Italy.
• Review and upload the monthly AML report ("Segnalazione Antiriciclaggio Aggregate") to the INFOSTAT-UIF portal and provide confirmation of any identified statistical findings.
• Perform annual AML/CFT risk assessments for SSBI Italy, implement mitigation strategies, incorporate results into the annual report and submit it to the Bank of Italy.
• Complete the annual AML questionnaire and send to Bank of Italy.
• Provide periodic updates to senior management/Branch Head on AML/CTF compliance status.
• Coordinate internal and external audits and regulatory inspections related to AML/CTF.
• Take a leadership role in industry forums and collaborate with AML professionals outside State Street to address common challenges or changes in regulation.

• Proven ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines.
• Demonstrable problem solving and decision-making skills when advising SSBI Italy\'s senior management on financial crime risk and issues impacting SSBI\'s business operations.
• Deep understanding of core financial crime risks, particularly money laundering, KYC and economic sanctions, as well as fraud and ABC.
• Recent experience providing advice or guidance on the application of FCC related laws and controls.
• Self-motivation and the ability to work independently with different internal and external stakeholders.
• High ethical standards and integrity.

• 10+ years of relevant industry experience in banking or financial services.
• University degree or equivalent, preferably with a legal or accounting background, or significant prior experience as an MLRO or Financial Crimes Compliance leader.
• Expertise in core financial crime compliance risks (AML, KYC, Sanctions).
• In-depth knowledge of European and Italian AML/CTF regulations and best practices.
• Excellent communication skills in Italian and English, both written and verbal.
• Strong analytical, investigative, and decision-making skills.

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location; you may expect medical care, insurance and savings plans, along with flexible Work Programs and development programs.

Inclusion, Diversity and Social Responsibility. We believe in an inclusive environment where everyone can thrive and add value. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We also support communities through volunteer days, matching gifts, and employee networks.

State Street is an equal opportunity and affirmative action employer.

Job ID R-778078