In this study, a new polymeric functionalized magnetic nanocatalyst containing a molybdenum Schiff base complex was prepared using a few consecutive steps. Poly (methylacrylate)‐coated magnetic nanoparticles were synthesized via radical polymerization of methyl acrylate onto modified magnetic nanoparticles followed by the amidation of the methyl ester groups with hydrazine. Polymeric functionalization efficiently provides the advantage that more catalytic units can be grafted on the surface of magnetic nanoparticles. The functionalization process was continued with salicylaldehyde which introduced Schiff base groups on to the surface of the polymeric support. In the final step, the desired catalytic system was prepared via complexation of the Schiff base groups with MoO2(acac)2. The resulting nanoparticles were characterized by infrared spectroscopy, powder X‐ray diffraction, scanning and transmission electron microscopy, elemental analysis, inductively coupled plasma optical emission spectrometry, vibrating sample magnetometry and thermogravimetric analysis. This heterogenized catalytic system was also found to be highly active, sustainable and recyclable nanocatalyst in alkene epoxidation. Eventually, the attractive features of the synthesized catalyst such as simple work‐up, good stability, magnetic separation, high TOF and high surface area; make it appropriate for oxidation reactions.