Regulatory & Compliance Counsel - Italy (m/f/x) at Scalable GmbH

Milan, Lombardy, Italy -

Full Time

Start Date

Immediate

Expiry Date

18 Oct, 26

Salary

99000.0

Posted On

20 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Italian Banking Law, Investment Services Regulation, Consumer Protection Law, AML Compliance, MiFID II, TUF, TUB, Financial Crime Prevention, Regulatory Research, Legal Analysis, Operational Implementation, CDD/EDD, Compliance Monitoring, English Fluency, Italian Fluency, Regulatory Reporting

Industry

Banking

Description

Company Description Scalable Capital is a leading digital investment platform in Europe. The company empowers everyone to shape their financial future. Scalable Broker makes it easy and affordable for clients to invest professionally in stocks, ETFs and other exchange-traded products and set up savings plans. Scalable Wealth, the digital wealth management service, offers clients professional investment in ETF portfolios and is also adopted as a white-label solution by renowned B2B partners. With the European Investor Exchange (EIX) Scalable Capital offers a stock exchange for retail investors in Europe. Over 27 billion euro is held on the platform by more than one million clients. Scalable Capital was founded in 2014 and employs more than 500 people at its offices in Munich, Berlin, Vienna, and London. Together with the founding and management team around Erik Podzuweit and Florian Prucker, they are working on a new generation of financial services. Visit our finance blog or check out our Social Media channels to find out what our Expert Teams have to say. Our Company Values guide us every day in how we work and collaborate. To learn more about them, you can find our values here (English). Job Description Scalable Capital is one of Europe’s leading digital banks, with more than one million clients and over €50 billion on the platform. We are hiring a Legal & Compliance Counsel to help scale the legal and compliance function of our Italian branch in Milan. You will advise the business on Italian banking, investment services, payment services and consumer protection law, while supporting the localisation of group policies, procedures and operational processes for the Italian branch. Advise the business on Italian banking, investment services and consumer protection law Support the localisation of group policies, procedures and operational processes for the Italian branch, identifying Italian legal and regulatory deviations and helping implement them with the relevant teams. Support the Italian AML Officer on AML and financial crime matters, including control documentation, CDD / EDD topics, AML risk assessments, policy localisation and regulatory change Review new products, features and marketing campaigns for compliance with Italian transparency and consumer protection rules before launch Monitor regulatory developments, assess their impact on the branch and drive implementation together with the relevant teams Support the handling, localisation and documentation of customer-facing and authority-driven processes, including complaints, legal care, authority requests and similar legal-operational matters. Conduct legal and regulatory research on banking transparency, investment, credit and payment services and consumer protection topics. Qualifications Holds a law degree Offers proven experience within legal or compliance functions at a bank, fintech, or law firm. Deeply understands Italian banking transparency rules (TUB), investment services regulations (TUF / MiFID II), and consumer protection frameworks (Consumer Code, AGCM practices). Familiar with the three lines of defense model and the Italian AML framework under D.Lgs. 231/2007, with hands-on experience in AML, CDD / EDD, transaction monitoring, or financial crime being a strong plus. Proven track record of translating complex legal and regulatory requirements into practical procedures, controls, implementation plans, or operational guidance. Experienced with regulatory authority requests, formal communications, audits, remediation tracking, or legal-operational processes (highly advantageous). Prior experience working within a branch network, fintech, digital bank, investment firm, or cross-border financial services environment is strongly preferred. Demonstrates the unique ability to combine rigorous legal analysis with pragmatic, business-oriented operational implementation. Thrives and collaborates effectively in a fast-paced, multicultural environment. Full professional fluency in both Italian and English. Typically, we offer individuals with limited experience an annual salary between 50,000 EUR and 70,000 EUR. For a candidate that we assess as possessing considerable relevant experience, the salary on offer tends to be between 77,000 EUR and 99,000 EUR. The final salary will be determined within this range based on your individual training, qualifications, and relevant professional experience. Additional Information Be part of one of the fastest-growing and most visible Fintech startups in Europe, creating innovative services that have a substantial impact on the lives of our customers Work with an international, diverse, inclusive, and ever-growing team that loves creating the best products for our clients Be productive with the latest hardware and tools Learn and grow by joining our in-house knowledge sharing or career development sessions and spending your individual Education Budget Ppportunity to work from abroad Benefit from an attractive compensation package Say goodbye to order commissions and say hello to your complimentary subscription of Scalable Capital's PRIME+ Broker Compensation: EUR 50000 - EUR 99000 - yearly

Responsibilities

Advise the business on Italian banking, investment, and consumer protection laws while localizing group policies for the Milan branch. Support the AML Officer on financial crime matters and review new products and marketing campaigns for regulatory compliance.