Aml Investigation Italy

Excited to grow your career?

BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.

FPC analyzes and investigates money laundering and fraud cases

About the job:

As a Financial Crime Associate, you will play a key role in detecting, investigating, and mitigating financial crime risks. The role includes managing investigations, cooperating with external authorities, ensuring effective Suspicious Activity Reporting (SOS/SAR), and providing operational support to internal teams. Your work will combine analytical rigor, operational efficiency, and cross-functional collaboration to safeguard the integrity of BBVA’s operations.

Your Role

As a Financial Crime Associate, you will play a key role in detecting, investigating, and mitigating financial crime risks. The role includes managing investigations, cooperating with external authorities, ensuring effective Suspicious Activity Reporting (SOS/SAR), and providing operational support to internal teams. Your work will combine analytical rigor, operational efficiency, and cross-functional collaboration to safeguard the integrity of BBVA’s operations.

Key responsibilities

• Lead and perform investigations related to potential money laundering, terrorist financing, and fraud triggered by transaction monitoring alerts, internal intelligence, or external sources.

• Conduct detailed case analysis using transaction monitoring alerts, internal intelligence, and external data sources to identify suspicious activities.

• Prepare, draft, and oversee the submission of Suspicious Activity Reports (SARs) to the relevant authorities, ensuring accuracy, timeliness, and quality.

• Act as a key contact for law enforcement and regulatory authorities, coordinating responses and providing relevant documentation and insights.

• Support sanctions and PEP screening activities.

• Collaborate closely with operational teams (e.g., Customer Operations, Risk, Product) to gather intelligence and ensure a coordinated investigative approach.

• Share local knowledge and typologies with global AML and Financial Crime units to enhance group-wide awareness of regional threats and trends.

• Contribute to continuous improvement of investigative tools, workflows, and typology detection in coordination with data analytics and AML systems teams.

• Deliver internal briefings and workshops to improve AML awareness among business and operations teams, focusing on investigative best practices.

What are we looking for?

Academic background and previous experience

• Master's Degree in Law, Economics or comparable studies.

• At least 2-4 years of previous experience in a Compliance/AML department, preferably in a bank’s fraud or AML investigations team.

• Strong understanding of Italian and European AML regulations, investigative methodologies, and supervisory expectations.

Skills:

• Strong analytical mindset with excellent attention to detail.

• High-quality written and verbal communication, particularly for drafting SARs and interacting with authorities.

• Proven experience using Infostat for regulatory reporting of Suspicious Activity Reports (SOS) in Italy.

• Ability to interpret complex data and identify suspicious patterns.

• Proactive, collaborative, and able to work under tight deadlines.

Languages

• English: fluent

• Italian: fluent

• Spanish would be a plus

Our offer

Join a multicultural and dynamic team in Milan with a flexible working model, and be part of an established and expanding digital retail business within a global bank. We offer growth, learning and development opportunities, including training through our internal “BBVA Campus” platform.

Skills: