C&AFC – Regulatory Advisory Senior Analyst - AVP

Details of the Division and Team:    

Regulation, Compliance and Anti-Financial Crime (AFC) protect the integrity and reputation of Deutsche Bank. They manage the Bank’s risks and help to avoid unintentional rule breaches and conflicts of interest. At the same time, they also advise on ethical conduct, governance issues and keep our organisation up to date on regulatory and political challenges.

Anti-Financial Crime Department 

Anti-Financial Crime at Deutsche Bank is committed to the highest standards of Anti-Money Laundering, Combatting Terrorist Financing, Sanctions and Embargoes, Anti-Bribery and Corruption and Fraud prevention. The Management and all employees are required to adhere to these standards to prevent Deutsche Bank and our reputation from those who may intend to use our products and services for Money Laundering, Corruption and/or terrorist financing purposes.

DB Group will examine its Anti-Financial Crime (AFC) strategies, goals and objectives on an ongoing basis and maintain an effective program for DB’s business that reflects the best practices for a diversified, global financial services provider.

Overview

Prevent financial and economic crime from entering the financial system and compromising the integrity of and trust in the financial system. The AFC Officer will be responsible for reviewing and assessing Financial Crime Risks of existing and potential clients. The AFC Officer investigates periodically if client relationships are still compliant with the rules and regulations by external & internal regulations as well as Deutsche Bank’s KYC/AML policies and procedures. To prevent Deutsche bank from becoming involved in money laundering, terrorist financing and other reputational risks.

What we will offer you:         

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Life Insurance  Accidental Death Insurance
• Permanent Partial Disability Insurance
• Private Medical Insurance for you, your spouse and dependent children
• Flexible working arrangements
• 30 days of annual paid leave, plus public holiday & Flexible Working Arrangement
• DB contributions to DIFC Employee Workplace Savings (DEWS)

Your key responsibilities:

• The AFC Officer has unrestricted access to all information, data, records and systems in the Bank he/she deems necessary to fulfil its function.
• The AFC Officer has decision-making authority over the Business on AFC related matters.
• Managing day-to-day tasks independently and take full responsibility and ownership thereof.
• Keeping abreast of new rules, regulations, policies and procedures.
• Conduct Client reviews escalated under the KYC Policy at either New Client Adoption (NCA), Regular Review (RR) or during an Event Driven Review (EDR).
• Prepare, check and sign off internal documentation supporting the adoption of new cases and existing cases.
• Adhere to internal & external policy and regulation, notably in respect to KYC.
• Provide guidance and make decisions in relation to financial crime matters pertaining to a specific Client.
• Be a point of contact for any AML queries and higher risk Clients.
• Provide AML advice including, but not limited to, KYC/AML issues arising in the KYC process, AFC policy and local regulatory environment, control oversight.
• Provide input into the development and update of KYC/AML related policies, procedures, KOPs and guidance.
• Support the MLRO to implement AFC policies and procedures.
• Support the MLRO to assess the impact of new AFC related internal and external rules and ensuring that local guidelines and procedures are in line and reflect German and local AFC laws / regulations.
• Support the MLRO in assessing the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and DB Group standards.
• Support the MLRO in developing and maintaining the AFC related Internal Control Framework.
• Perform control testing.
• Discharging the responsibilities of AFC as set out under global KYC policies to ensure appropriate reporting, escalation of issues and/or incidents.
• Ensuring appropriate reporting and escalation of issues and/or incidents to the MLRO and/or Regional Head of AFC.
• Conduct screening of international sanctions, embargoes and OFAC entries as and when required.
• Liaise with stakeholders to ensure appropriate implementation, reporting, processing and escalation of KYC matters and/or incidents.
• Support the MLRO with the collection, submission and delivery of AFC/KYC MIS.
• Support the MLRO to implement any country, regional or global AFC projects and programs. 
• Delivery of AFC related training to the 1st LoD and maintenance of training records and general upkeep of training material and its content.

Your skills and experience:

• At least 5 years’ experience within AML/KYC, preferably within a DFSA/CBUAE regulated bank or financial institution.
• Preferrably Private Banking experience.
• Bachelor’s Degree with a background in Business, Accounting or Finance
• Preferably relevant AML qualification from an internationally recognized body (such as ACAMS, Association of Certified Anti-Money Laundering Specialists)
• Fluency in English as prerequisite, Arabic knowledge as an added advantage.
• Strong knowledge of the DFSA relevant AML and CFT rules and regulations (CBUAE rules and regulations as an added advantage).
• Able to build constructive partnerships with diverse stakeholders and challenge where required.
• Strong inter-personal skills, excellent communication skills and ability to work in virtual global teams and a matrix organization.
• Assertive, analytical, organized and flexible. Strong solution-oriented problem solving.
• Strong organization and prioritization skills, profound decision making skills.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

How we’ll support you:         

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

With that, we extend a warm welcome to candidates with disabilities to apply.

Our Bank is committed to ensuring equal opportunities and will facilitate a productive and harmonious work environment for all.

We encourage talented individuals seeking a professional setting that values and accommodates diverse capabilities to submit their applications and be part of our shared commitment to fostering inclusiveness.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.