AFC Associate - SAR Writer
N26 Bank is seeking an AFC Associate - SAR Writer to join their Italian MLRO Team in Madrid. This role serves as a vital link between first-line operational investigations and regulatory reporting, focusing on drafting comprehensive Suspicious Activity Reports (SARs) for the Italian market. The position requires close collaboration with the SAR Delegate and the Italian MLRO to transform escalated cases into precise narratives ready for submission to the Italian Financial Intelligence Unit (UIF).
Key responsibilities include reviewing and challenging initial alert analyses, customer profile assessments, and transaction findings escalated by the first line of defense. The role involves drafting detailed and compliant SAR reports, reconstructing suspicious customer behavior according to UIF guidelines, and identifying any analytical gaps or missing documentation in first-line escalations. Additionally, the position entails preparing finalized draft files with clear, evidence-based recommendations for final review and submission, providing feedback to the first line of defense on escalation quality, and supporting the Italian MLRO team in maintaining organized SAR logs and compiling data for internal audits and annual regulatory self-assessments.
Candidates should possess a university degree in Law, Economics, or a related field, with 1 to 3 years of experience in an Anti-Financial Crime (AFC), Anti-Money Laundering (AML), or Compliance function, preferably within a bank, payment institution, or fintech operating in Italy. Direct experience or strong familiarity with the SAR/SOS drafting process under the Italian FIU (UIF) regulatory framework is essential. Professional certifications such as ICA or ACAMS are advantageous. A solid understanding of Italian AML/CTF regulations (D.Lgs. 231/07) and UIF anomaly indicators/reporting guidelines is required. Fluency in both Italian and English, with exceptional writing skills in Italian, is mandatory. Candidates should demonstrate a meticulous approach to data consistency, document cross-referencing, and factual accuracy.
While specific compensation details are not provided, N26 offers a range of employee benefits, including a competitive personal development budget, work-from-home budget, discounts on fitness and wellness memberships, language apps, and public transportation. Employees also receive a Premium subscription on their personal N26 bank accounts, with subscriptions available for friends and family members.
N26 is a leading European digital bank operating with a German banking license, providing simple, secure, and digital-native banking to millions of customers across 24 markets. The company is headquartered in Berlin and employs a diverse team of over 1,600 people from more than 90 nationalities. N26 is committed to empowering its customers with financial confidence and control, delivering a best-in-class banking experience designed for the modern era. The company values ambition, collaboration, integrity, and simplicity, fostering a culture that encourages innovation and personal growth.