Compliance Specialist

About Utmost International

Utmost International is a leading provider of insurance-based wealth solutions operating across the UK, Europe, Latin America, Asia, and the Middle East. Its solutions are largely based on unit-linked insurance policies, serving the needs of affluent, high net worth (HNW), and ultra-high net worth (UHNW) individuals.

About Utmost Luxembourg S.A.

Sitting at the crossroads of private banking, asset management, and insurance, we operate in a well-established and fast-growing division of the financial services industry. Our dynamic international team of 450+ experienced wealth structuring specialists, subject-matter and technical experts consists of 50 different nationalities, speaking over 30 languages.

We are a diverse and inclusive organisation driven by a values-based culture that promotes excellence, ambition, and innovation. We invest in talented teams who develop their expertise, curated through support and training, and fostered through a people centred culture. Our people truly are our greatest asset!

Your role – Are you ready for a challenge?

Operating as a critical component of our second line of defense, you will provide independent oversight and objective challenge. You will lead the management of regulatory compliance and AML/CTF risks, ensuring all operations align with the letter and spirit of relevant laws, regulations, and market standards.

Your responsibilities will be as follows:

• Customer Due Diligence (CDD) on clients during onboarding stage and throughout the contract lifecycle;
• SARs/STRs duties and responsibilities: investigate anomalous behaviours, gather supporting documentation, and file Suspicious Activity/Transaction Reports directly with the Italian FIU;
• Production of required regulatory reports (including risk self-assessment for IVASS/SARA, etc.) and draft ad hoc internal compliance reports for senior management;
• Management of the relationships with the Regulator, including handling on-site inspections and routine correspondence;
• Research and interpretation of new Italian and EU AML/CTF legislation, including keeping track of IVASS/Banca d’Italia communications and guidance to the industry. Provision of guidance and recommendations to the business. Liaise with senior management on regulatory matters;
• Development, implementation, on-going update and review of internal regulatory compliance policies and procedures in accordance with domestic and EU regulations, in cooperation with the Head Office Compliance function;
• Compliance Monitoring Programme (CMP) checks on the business activities; periodic review of the programme in light of the most recent legal/regulatory changes and implementation of necessary developments in internal control mechanisms and processes;
• Ongoing engagement and cooperation with the Head Office to deliver daily activities and tasks, as well as to share any relevant regulatory changes impacting the business.

Your profile – Have you got what it takes to become our Compliance Specialist?

• Master’s degree in Economics, Law or a related discipline, ideally with a focus on Compliance, Internal Controls, Risk Management or similar fields;
• Minimum 5 years’ experience in an Anti-Money Laundering (AML) and Compliance related function, preferably in the insurance/banking sector;
• Strong knowledge of Italian and EU AML laws and regulations;
• Good command of MS Office applications;
• Well- organised and flexible approach, proactive, detail-oriented, and able to manage daily tasks independently;
• High attention to detail and a rigorous approach to work, ensuring accuracy, consistency and compliance with high-quality standards;
• Able to work under pressure, manage multiple tasks and priorities and meeting tight deadlines;
• Strong analytical mindset and problem-solving capabilities, with the ability to assess complex situations and identify effective, data-driven solutions;
• Collaborative and proactive team player;
• Native Italian speaker, with fluency in English is mandatory.

Preferred Qualifications

• Professional certifications (CAMS, AMLCERT etc)
• Experience in regulatory reporting and/or familiarity with Luxembourg AML regulations;
• Good experience with Bank of Italy's Infostat platform.

As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to gender, colour, religion, sexual orientation, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Given the sensitive nature of our business, industry sector and the role as described, the selected candidate is required to provide a criminal record (Bulletin n°3 for Luxembourgish residents). This excerpt will be kept by Utmost Luxembourg S.A. in compliance with article 8-5 (2) of the law of 23 July 2016 and for no longer than one month from the conclusion of the employment contract; otherwise, it will be destroyed without any undue delay should the candidate not be hired.

Utmost Luxembourg S.A. is aware of its obligations under the General Data Protection Regulation (GDPR) and is committed to processing your data securely and transparently.

Our Recruitment Privacy Notice is in line with GDPR and provides more information with regards to the types of data that we collect and hold on you as a job applicant, including for the performance of Background Checks. It also sets out how we use that information, how long we keep it for and other relevant information about your data. For full details please click here Recruitment Privacy Statement

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