Details of the Division and Team:
Deutsche Bank benefits from having a highly experienced and dedicated Anti Financial Crime (AFC) function, which performs a crucial role in keeping DBs business operations and global financial services clean from financial crime while serving the interests of the bank and society.
Our regional/global matrix structure allows for flexible responses to challenges in the core areas of: Anti-Money Laundering, Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption, Investigations & Intelligence, Monitoring & Screening, and Risk Assessment.
Our AFC Team will provide you with opportunities to learn, grow and define your career. We foster an open, diverse, and inclusive team culture, that is engaged and well-supported for prosperity and enjoyment of a life/work balance.
Anti-Financial Crime (AFC)
Our AFC team is responsible for protecting Deutsche Bank from financial and reputational losses incurred by financial crimes by assessing, controlling and mitigating risks.
Risk types related to Anti-Financial Crime are consolidated in a comprehensive and effective risk management framework that covers Anti-Money-Laundering, Sanctions & Embargoes, Anti-Bribery & Corruption as well as Anti-Fraud & Investigations.
The Emerging Markets BLAFC lead is accountable for overseeing the advisory functions for the Emerging Markets Region within Private Bank International (APAC, Middle East and Africa) and is responsible for the shaping and delivery of the AFC risk-based programme in relation to the business and for setting the direction for AFC staff in supporting the business. He/ she supports the deliver the BLAFC strategy for IPB, while ensuring that the BLAFC strategy is aligned to DB Group strategy, in accordance with relevant regulations and laws. Furthermore, the position holder has the responsibility for building, fostering and maintaining a close relationship with the Emerging Markets senior business leads across the PB division as a trusted AFC representative who actively is sought out and respected as a subject matter expert for AFC.
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:
The Anti-Financial Crime (AFC) Department focuses on the adherence and policy management for Anti-Money Laundering (AML), Sanctions & Embargoes (S&E), Anti-Fraud, Bribery and Corruption (AFBC), and wider Financial Crime risks (collectively referred to as FC). For purposes of this document, the term "money laundering" shall also include "financing of terrorism" (CTF).
The BLAFC function for Private Bank International is a sub-function of Private Bank (the “Unit”) of the AFC function and focuses on the policy and process adherence and advisory for FC risks owned by/within the business lines (of the corporate division).
The Emerging Markets Lead for Private Bank International assumes the corresponding tasks, accountabilities and responsibilities delegated by the Global Head of Private Bank International and is therefore accountable for overseeing the coverage of advisory functions for AFC related matters of PBI as well as for matters regarding the organization and sufficient resourcing of the Unit. This includes in particular the following accountabilities and responsibilities:
Strategy:
- Provides input to the PB/PBI AFC strategy of DB Group; participates in the setting of the strategic direction for the AFC Department and together with the Department Leadership Team defines priorities and deliverables to meet DB’s regulatory AFC-related requirements across regions.
- Defines priorities and objectives of the Unit; oversees and drives the development and implementation of corresponding tactical and strategic execution plans, policies and procedures, and is accountable for continuous improvement efforts and the delivery of remediation actions (including controlled budget planning, internal and external stakeholder management, alignment to DB risk management and compliance/regulatory requirements).
- Supports in defining and ensures effective implementation of relevant tactical and strategic plans, tools and key operating procedures for the Emerging Markets region, as well as inputting into the global approach.
- Work closely and proactively with the (global) AFC Functional Heads, (other) Regional teams and Infrastructure Functions to assist with regulatory compliance across all relevant product types and to achieve appropriate advisory coverage.
Operations Management, Governance & Control:
- Supports the Bank (and the divisional leadership team) in making informed decisions and judgments about any legal, financial, regulatory or reputational risks presented by ‘sensitive clients’ and with respect to products.
- Advises the business on high risk cross-regional and/or cross-divisional client relationships, and setting the protocols for business engagement.
- Acts senior point of escalation for global client risk issues and advisory matters with regard to KYC matters, S&E escalations, New Product Approval escalations and any other areas of dispute before further escalation to the Global Head of PBI and involves Global Functional Heads as appropriate.
- Provides AFC SME support and advice to business on strategy, initiatives, projects, products, cases, transactions and policy application / interpretation and assists the business in development of best practices from a regulatory perspective in areas such as KYC.
- Is accountable for global policy interpretation, guidance and implementation with the business in consultation with policy owners.
- Supports AFC policy changes and ensures socialization with business lines while assisting to operationalize.
- Approves and manages AFC engagement with the global New Product Approval/New Transaction Approval framework for relevant PB products.
- Drives divisional harmonization on AFC strategy implementation, identifies cross-regional trends and supports cross-regional AFC initiatives
- Acts externally as liaison with regulatory agencies on significant relevant divisional AFC matters on an “as needed” basis in conjunction with Regulatory Management, Regional Management and Chief Country Officers and AFC Officers, and internally represents AFC matters at senior management level in their respective business lines.
- Supports in the management of risks and in the oversight of (2LoD operated) controls of PB BLAFC functions in the Emerging Markets region and globally.
- Oversees that, on a regular basis and as required, (input to) the AFC Risk Assessment is provided by the business and the respective BLAFC Unit to determine the AFC risk profile of the Bank.
- Ensures PBI BLAFC function monitors the 1LoD operated controls with respect to the financial crime risk types owned by the AFC Department and the respective BLAFC sub-functions.
- Supports the (regular) preparation and provision of Management Information and regulatory/legally mandated reports to the respective internal regional, global senior governance bodies and external authorities to ensure compliance with legal disclosure requirements.
- Supports in the proper organization of the PBI BLAFC function globally and ensures adherence to core organizational requirements as laid out in DB’s Governance Fundamentals.
Communication, Collaboration & Support
- Drives collaboration and trust-based relationships within the Unit and with DB’s corporate divisions and other Infrastructure functions for matters relating to the respective areas of responsibility.
- Provides advice and support to DB’s senior management, DB’s corporate divisions and other Infrastructure functions for matters relating to the respective areas of responsibility.
- Maintains open, transparent and constructive communications and interactions with the Bank’s regulatory and supervisory authorities, monitors and external auditors on BLAFC PB related matters.
- Acts as coordination point for other AFC disciplines such as AFBC and S&E to ensure functional experts can support the divisions adequately.
- Remains current on industry-wide as well as bank-specific rules, regulations, best practice standards as well as relevant industry developments to reasonably assure that the programme meets regulatory and internal standards and is fit for purpose according to DB Group’s business strategy.
- Fosters and supports senior management (of the corporate division) in instilling an appropriate compliance and risk management culture at all levels of the organization.
- Coordinates that a consistent firm-wide approach is adopted for the respective area of responsibility.
General Responsibilities
The general responsibilities set forth below apply in respect of the particular area of competence, i.e. are generally limited to the scope of the respective Unit on the one hand, and to the regional coverage of the position on the other hand.
- Complies and procures compliance with applicable laws and regulations, taking particular account of compliance with applicable corporate and banking laws and regulations as well as compliance with anti-money laundering, anti-corruption, anti-fraud and anti-market manipulation rules, embargo requirements and any other rules aiming at preventing any kind of other criminal activities as well as data protection, confidentiality and (non-)disclosure requirements.
- Fulfils all obligations towards supervisory authorities and accredited investigators, including any due notifications and any requirements on submission of information.
- Complies and endorses compliance with DB Group’s internal rules in general.
- Defines and ensures effective implementation of relevant strategies within defined Risk Appetite and Tolerance, ensuring that the Unit’s strategy is in line with DB’s Group risk strategy and monitors deliverables and performance targets.
- Ensures the implementation of Policies and Procedures by and within the Unit.
- Acts as escalation channel, being accountable for dispute resolution and for overseeing disciplinary processes.
- Ensures the Unit’s proper and transparent organization along the core organizational requirements as laid out in DB’s Internal Governance Principles, and in particular also taking account of applicable segregation requirements and avoiding/ addressing conflicts of interest.
- Manages risks and oversees controls in respect of risk types which fall within the remit of the Unit by way of implementing and maintaining an adequate and effective risk management, including identification, assessment and management (incl. control, monitoring and reporting) of risks.
- Represents the Unit towards internal/ external stakeholders; maintains and fosters internal and external key (business) relationships.
- Ensures the remediation of issues and is accountable for delivery of Unit’s remediation actions.
- Drives collaboration and a trust-based relationships both within the Unit as well as across Units.
People Management
- Has management responsibility for AFC management and professionals including near and far shore personnel across the Emerging Markets Region for Private Bank AFC.
- Provides guidance and mentoring to the AFC employees within the Unit across regions; oversees and supports provision of training (including the identification of training requirements) in coordination with AFC training leads.
Responsibilities in the matrix
- Ensures proper information flow to all dimensions of the matrix (Unit, country and entity) and notifies in a timely manner the appropriate representative(s) of these dimensions on (intended) actions or decisions which may have a material impact on their operations.
- Involves Country Management in the decision-making processes, to the extent the respective decisions have a material impact on the respective country and in line with need to know and further confidentiality/ information restriction requirements.
Leadership Responsibilities
- Sets clear direction for the team in line with overall business strategy balancing both global and regional priorities.
- Manages performance systemically by considering delivery, behaviour and conduct in equal measure, setting and communicating clear role expectations and qualitative and quantitative priorities, promoting individual accountability and removing impediments to success.
- Ensures team members have regular and meaningful performance and career development discussions giving and listening to feedback.
- Holds direct reports accountable for systems, processes and control management practices which are efficient, cost-effective and in line with Bank standards and regulatory expectations.
- Ensures team decision-making processes are timely and place precedence on long-term considerations and client needs over the short term.
- Ensures each direct report has sufficient time and skills to perform the correspondent role and proactively manages and mitigates potential conflicts of interests.
- Proactively manages performance and business practices to ensure alignment with the Bank's goals, values and code of conduct and is clear on how to take action to ensure appropriate positive outcomes and negative consequences for individual employees.
- Builds capability for the future by prioritizing succession planning, continuous development of people and the mobility of high potentials within the team.
- Brings diverse teams together to collaborate on topics to achieve optimal ideas and recommendations.
- Creates an inclusive, open and speak up culture where team members are encouraged to express views and raise concerns.
- Acts as an escalation channel for the Group's benefit by ensuring matters are referred to the appropriate function within the Bank (i.e. HR, Compliance, AFC, Legal).
Your skills and experience:
- Minimum 15 years of relevant experience in public and/or private sector focusing on Anti Financial Crime advisory work in a global regulatory landscape.
- Have minimum 5 years of working knowledge of Private Wealth Management.
- Proven experience working within a global team in a multinational organization engaging with senior stakeholders
- Minimum a Bachelor degree from an accredited university
- Proven leadership experience – either managing a team or some other form of indirect leadership.
- Flexibility to adapt to changing priorities to meet organizational and business needs
- Able to work under pressure, within tight deadlines and a proactive self-starter, solutions and results oriented as well as organized.
- Effective communication and presentation skills.
- Ability to operate well independently or within a team, the role holder will be required to build relationships within AFC and the wider business.
- Robust, credible and organizationally/politically savvy, with an ability to grasp complex issues quickly.
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
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.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
