Compliance & Aml Officer - Assistant Director, Milan

Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the world's financial markets.

Our expertise, intellectual capital, and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients, communities, and planet.

We have 4,200 talented specialists on the ground in over 40 countries around the world, delivering a unique global perspective across four market-leading business divisions - Global Advisory, Wealth Management, Asset Management, and Five Arrows.

As a family-controlled business built on relationships, we emphasize our people and the importance of recruiting the right colleagues to advance our business.

Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued. We focus on attracting, developing, retaining, and promoting high-caliber talent to benefit both our firm and our clients.

Within Wealth Management, we offer an objective long-term perspective on investing, structuring, and safeguarding assets to preserve and grow our clients’ wealth.

We provide a comprehensive range of Wealth Management services to some of the world’s wealthiest and most successful families, entrepreneurs, foundations, and charities. Our long-term, preservation-first approach distinguishes us in an environment often dominated by short-term thinking.

Overview of Role

The role is Compliance & AML Officer for Rothschild & Co Wealth Management Italy SIM (‘WM IT’), part of Rothschild & Co Wealth, reporting to WM IT’s Board of Directors and CEO.

The Compliance & AML Officer will collaborate with senior management to manage and enhance an independent and objective compliance framework designed to add value and improve operations. The focus will be on risk mitigation and value creation, understanding both the positive and negative aspects of risks involved.

We are looking for an individual on a permanent basis.

Responsibilities

• Act as the firm’s principal contact with regulatory authorities such as Consob, Bank of Italy, Ufficio Italiano Cambi, and others.
• Own and maintain the firm’s compliance policy framework.
• Identify relevant proposed regulatory changes and collaborate with senior management to assess their impact on WM IT.
• Provide regular assessments to senior management on the effectiveness of control systems and monitoring frameworks, recommending improvements as needed.
• Work with the Risk department and Group Compliance to execute a suitable Compliance Monitoring Plan.
• Promote a principled, client-centric compliance culture across the firm through engagement with colleagues.
• Arrange training and coaching for staff on Italian regulatory compliance matters.
• Ensure the independence and objectivity of the Compliance function.
• Provide timely reports to the Board of Directors and Management.

Education and Qualifications

• Degree-level education.

Experience, Skills, and Competencies

• Previous senior compliance experience within Wealth Management is essential.
• Experience managing relationships with Italian regulators.
• Strong influencing and persuasion skills, capable of promoting ideas and change.
• Ability to present clear, concise information to diverse audiences.
• Excellent problem-solving and analytical skills.
• Hands-on, adaptable, and flexible approach.
• Exceptional written and verbal communication skills for working with all levels.