Job Description
ABOUT AXA MPS FINANCIAL
AXA MPS Financial is a life insurance company under Irish law, regulated by the Central Bank of Ireland and operating in the Italian market under the Freedom to Provide Services regime, through a widespread network of banks.
It was established in 1999 in Dublin as a company specialized in Unit and Index Linked insurance products, and since 2007 it has been part of the AXA MPS Joint Venture (which owns 100% of the company through AXA MPS Assicurazioni Vita S.p.A), combining the historical expertise and traditional local presence of the Montepaschi Group with AXA's international leadership in financial protection.
Since January 1, 2014, the company has been part of the AXA ITALIA insurance group (registered in the Register of Insurance Groups with no. 041).
https://www.axa-mpsfinancial.ie/
POSITION MISSION & MAIN ACTIVITIES
MAIN PURPOSE OF JOB
This position is designed to conduct customer due diligence for high-risk customers to ensure compliance with AML regulations and to mitigate potential money laundering and terrorist financing risks. It also involves applying the enhanced due diligence measures for the anomalous positions detected by the automated Transaction Monitoring System and supporting testing activities as part of the migration to the updated version of the company AML system.
KEY PERFORMANCE MEASURES:
Analysis of subjects/transactions through the preparation of reports in which the results of the following investigations are reported:
- Conduct customer due diligence (CDD) and enhanced due diligence (EDD) on high-risk customers to verify identities and assess risk levels.
- Review and analyse customer information to identify potential AML risks and ensure compliance with regulatory requirements.
- Apply enhanced due diligence measures for customers flagged through the AML system or other risk indicators.
- Monitor and analyse transactional data to identify anomalous or suspicious activity.
- Investigate and document unusual or suspicious transactions detected by the automated Transaction Monitoring System.
- Support testing activities related to the migration and validation of the updated AML system.
- Collaborate with compliance and risk management teams to implement AML policies and procedures.
- Maintain accurate records of due diligence activities, investigations, and findings.
- Participate in audits and audits preparation related to AML compliance.
- Stay informed about evolving AML regulations, typologies, and best practices.
KEY CUSTOMERS
Internal:
- AMF CEO
- AMF Senior Management
- AMF Governance Structures
- AMF Staff
- AXA Italy Compliance & AML
- AXA Group
- AXA Global Business Services
External:
- External Service Providers
- Banca Monte dei Paschi di Siena (BMPS) and Widiba
- Central Bank of Ireland, IVASS
PROFILE, SKILLS & COMPETENCIES
Qualifications:
- Degree in Law or Economics and/or any other relevant qualification
- Anti-Money Laundering Master's Degree (nice to have)
Knowledge:
- Insurance (products, contract and related events/management phases)
- Anti-money laundering legislation (Legislative Decree 231/2007 and subsequent amendments, IVASS Regulation 44/2019 and subsequent amendments, AMLR)
- Management applications
- Economic and financial indicators and adverse events
Skills:
- English and Italian language
- Previous experience in insurance/legal/compliance services or similar (1+ year).
- An understanding of Italian commercial financial & insurance landscape necessary.
- Ability to forge good working relationships both internally and externally
- Strong time management skills necessary.
- Strong analytical skills, accuracy & attention to detail, well organized with an ability to prioritise workload.
- Comply with the fundamental principles of integrity, objectivity, professional competence, due care and confidentiality.
- Excellent written and oral communication and presentation skills.