Lead Regulatory Compliance - Milan

Overview

We're looking for an experienced Lead Regulatory Compliance professional to join our growing team. You'll be at the forefront of ensuring Alma's operations meet the highest regulatory standards while supporting our ambitious expansion plans across Europe. This role is based in Milan.

Mission

As a key member of the Compliance & Internal Control team, you'll translate complex regulatory requirements into practical scalable solutions that enable Alma to operate with confidence, and will be a main contact for local regulators. You'll be the trusted advisor for our operational teams, the strategic partner for new product launches, and the bridge between Alma and our regulatory supervisors (ACPR, BoI...).

Responsibilities

• Regulatory Advisory & Guidance
  • Advise and translate regulatory requirements to Alma's operational teams (Sales, Financial Security, Operations, Product).
  • Act as main point of contact for regulatory matters, providing clear guidance on compliance obligations.
  • Serve as a trusted compliance advisor ensuring alignment between commercial goals and regulatory adherence.
• Compliance Framework & Risk Management
  • Centralize and maintain Alma's regulatory compliance procedures, ensuring they remain current and fit-for-purpose.
  • Proactively identify compliance risks through cross-functional projects including new product and feature reviews, partnership assessments and due diligence, outsourcing approvals, intermediary relationships in banking and payment services.
  • Develop and implement risk mitigation strategies in collaboration with stakeholders.
• Regulatory Intelligence & Reporting
  • Own the regulatory watch function, staying ahead of emerging regulations across European markets.
  • Monitor regulatory developments (PSD2, PSD3, AMLD, DORA, etc.) and assess their impact.
  • Submit and develop scalable regulatory reporting processes in collaboration with Finance and Financing teams.
  • Participate in preparing and submitting regulatory reports to ACPR and other authorities.
• European Compliance
  • Support expansion by ensuring compliance with regulatory requirements in neighboring jurisdictions (Italy, Netherlands, Belgium, Germany, Spain).
  • Collaborate with local teams and external advisors to navigate multi-jurisdictional challenges.
• Collaboration & Reporting
  • Collaborate closely with Financial Security, Product, Sales and Legal teams.
  • Report to Head of Compliance & Internal Control in charge of regulatory, financial security, internal control teams.

Qualifications

• 6-10 years experience in regulatory compliance within banking, payments or fintech.
• Deep technical expertise in EU (especially French and Italian) banking regulatory frameworks: PSD2/PSD3, AMLD5/AML6, DCC2.
• Direct interaction with regulatory authorities (ACPR, Bank of Italy, ECB, etc.).
• Hands-on experience with regulatory reporting, compliance programs and policy development.
• International and multicultural working environment experience.
• Fluency in Italian and English, French is a plus.

Skills & Qualities

• Analytical thinker - break down complex texts, assess implications, identify action points.
• Clear communicator - translate regulatory language into actionable guidance.
• Solution-oriented - design pragmatic, scalable compliance solutions.
• Rigorous & detail-oriented - methodical and precise.
• Collaborative - build strong cross-functional relationships while working autonomously.
• Business-minded - balance regulatory requirements with business objectives in a payment institution context.