Compliance Specialist — Wealth & Investment Products– Compliance (OPENBANK)

Compliance Specialist — Wealth & Investment Products– Compliance (OPENBANK)

Country: Spain

Compliance Specialist — Wealth & Investment Products– Compliance (OPENBANK)

Join Openbank, the 100% digital bank of the Santander Group, where innovation meets opportunity! With over 2 million customers across Spain, Germany, the Netherlands, Portugal, we're leading the way in digital banking. From loans and mortgages to a cutting-edge, fully automated investment platform, our products are transforming the industry.

At Openbank, we pride ourselves on simplicity, agility, and security, earning us the title of the most recommended Spanish bank among our customers. Technology is in our DNA and we are constantly developing new digital solutions and products. And we're not stopping there! At Openbank we are proud to be a bank that is gaining more and more international presence, we have just landed in the United States and Mexico.

If you're passionate about digital innovation, eager to make an impact, and ready to be part of a dynamic and forward-thinking company, then we want to hear from you! Join us and be part of our journey to redefine banking for the digital age!

Mission and responsibilities: 

Our Compliance department is looking for a Compliance & Investment expert based in Madrid with experience in providing regulatory support and advisory services within the investment and banking sector.

As a Compliance Officer (Investment Products), you’ll play a key role in ensuring our compliance with all applicable regulations, particularly within the investment products landscape. Here’s what your day-to-day will include:

• Compliance Framework: Support the implementation and maintenance of a robust Compliance Monitoring Programme for investment services and products (MiFID II, MiCA, SFDR). Perform second-line defense controls, identify weaknesses, and issue recommendations.
• Risk Management: Identify, assess, and mitigate compliance risks associated with existing and new investment products, including risks related to crypto-assets. Support the management of compliance incidents.
• Regulatory Advisory: Monitor regulatory changes and advise Wealth and Product teams on potential impacts to investment activities.
• Compliance Reporting: Support in timely and accurate regulatory reporting, including the Compliance Committee. Draft regular compliance reports for senior management to support informed decision-making.
• Regulatory Strategy & Licensing: Contribute to regulatory strategy and support future license extension processes.
• Policies & Procedures: Draft, update, and maintain compliance policies and control documentation to reflect regulatory changes and improve operational effectiveness.
• Supervisor & Auditor Interaction: Support interactions with supervisors (mainly the CNMV/ESMA) regarding investment services, inspections, and updates. Assist in coordinating and preparing audit responses
• Training: Help develop and deliver compliance training programs for employees.
• Cross-functional Collaboration: Work closely with Legal, Risk, Technology & Operations, and Business Investment teams to promote a strong compliance culture.

To be successful in the role you must have:

• +5 years of experience in compliance or regulatory advisory within the investment sector.
• University or Master’s degree in Law, Business Administration, Economics, or related field.
• Strong regulatory knowledge, with experience working within compliance frameworks; direct exposure to audits and inspections is a plus.
• Solid understanding of European regulations, especially MiFID II; knowledge of MiCA is highly desirable.
• High level of English (C1), both written and spoken.
• Excellent communication and writing skills, with the ability to convey complex information clearly.
• Strong organizational skills and ability to work independently.
• Curiosity, proactivity, and a drive to learn and take initiative.

Nice-to-have qualifications:

• Experience with SFDR and crypto-asset regulations.
• Background in regulatory reporting and direct interaction with supervisors.
• Experience in digital banking, fintech, or agile environments.
• Compliance or risk-related certifications.

What do we offer?

- Joining a dynamic and agile company undergoing international expansion.

- Working in start-up mode with the support of the Santander Group.

- Competitive remuneration and attractive benefits package.

- Possibility of growth within the company and the Group.

- Collaborating on international projects in different countries.

- Excellent work environment, social clubs, and frequent events.

Would you like to grow with us? Join our team!

Openbank / ODS  is an equal opportunity employer. All applicants will be considered as equal without paying attention to gender identity, sexual orientation, ethnicity, religion, age, political orientation, union membership nor disability status.

We make recruiting decisions based on your experience and skills. We value your passion to discover, invent, simplify, and build.

The personal data you provide as well as any data generated during the selection process are confidential and will be processed by Open Bank, S.A./ Open Digital Services, S.L. with registered office at Plaza de Santa Bárbara 2, 28004 (Madrid), for the sole purpose of managing your participation in the selection processes and, where appropriate, to formalise your recruitment.  

For further information about your rights and data protection, please read the ODS/Openbank Privacy Policy applicable to this type of data processing here.