Details of the Division and Team:
Regulation, Compliance and Anti-Financial Crime (AFC) protects the integrity and reputation of Deutsche Bank. It manages the Bank’s risks and help to avert unintentional rule breaches and conflicts of interest. At the same time, we also advise the bank on ethical conduct and governance issues and keep the bank up to date on regulatory and political challenges. As the Sanctions and Embargoes Officer, you will join the APAC SanctionsTransaction Review Desk. The APAC Sanctions Transaction Review Desk is responsible for the third-level review and decision-taking on escalated transaction messages from Deutsche Bank’s transaction filtering process in alignment with applicable sanctions regulations, and internal sanctions policies and procedures.
What we will offer you:
A healthy, engaged and well-supported workforce are 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:
- Flexible benefits plan including virtual doctor consultation services
- Comprehensive leave benefits
- Gender Neutral Parental Leave
- Flexible working arrangements
- 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement.
Your key responsibilities:
- Supporting the Regional Head of Sanctions & Embargoes in advising business and infrastructure units on sanctions-related queries on clients, transactions, screening alerts and/or deals (including cash management, payments, corporate nance, and trade nance products and services) in alignment with Group sanctions policies
- Conducting and/or reviewing sanctions-related investigations on escalated transactions or cases for further escalation to Group Sanctions & Embargoes
- Assist in the implementation of Sanction Target Operating Model (TOM) within APAC in relation to level 3 escalations for transaction filtering.
- Investigate and report any sanctions breaches concerning transactions in the region to the Regional Sanctions Advisory and Group Sanctions Breach Team
- Drafting of regional sanctions-related processes and procedures, if necessary
- Monitoring, and keeping the relevant business and infrastructure units and APAC locations informed on international and regional sanctions developments that may have regional impact to the Bank’s global or APAC operations
- Conduct of training or briefing sessions to business and infrastructure units within the APAC region
- Participation in global and regional calls to update on regional developments and issues may be required
- Assist countries AFCOs to perform any applicable reporting obligations to the competent authorities in relation to transaction handling, or other sanctions policy issues as required
- Assist the region in formulating consistent responses to sanctions related questions and findings in audits and inspections
- Reviewing of USD transactions as and when required after APAC hours
- Support/participate in working groups for globally driven projects that will have an operational impact for APAC locations in the transaction filtering or name list screening space.
- Identification / providing feedback on any sanctions relevant gaps or efficiency opportunities in existing processes and addressing these with relevant stakeholders.
- Engage Group Sanctions and/or other Regional Sanctions teams on relevant sanctions-related topics which have an operational impact on the transaction filtering process in the APAC region.
Your skills and experience:
- Minimum of 5 years working experience in Financial Crime/AML investigation role within a financial institution or investment bank
- Proven hands-on experience investigating into potential money laundering, terrorist financing, sanctions, fraud and other related financial crimes
- Proven knowledge of Sanctions laws and regulations applicable in APAC as well as international programs of the United States, European Union and United Nations in order to provide overall legal guidance on Sanctions risk issues
- Ability to work both independently and as part of a team within the Sanctions function.
- Bachelor’s degree or equivalent work experience.
- CAMS, CGSS certification
- A strong communicator across all levels in a multi-national environment and able to provide guidance for the various stakeholders within the Bank
- Flexible, able to address compliance and business demands in a constantly changing international legal and regulatory environment
- Prepared to take sound decisions on the basis of facts and in consideration of all internal and external regulatory requirements and expectations
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.
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 click here to see what we do.
Deutsche Bank & Diversity
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.
