Details of the Division and Team:
Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud & Investigations (AF&I) and the wider financial crime (collectively referred to as Anti Financial Crime) prevention.
The Management and all employees are required to adhere to these standards to prevent DB and our reputation from those who may intend to use our products and services for money laundering, bribery, corruption, fraud and/or Terrorist Financing (TF) 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. The AML Team sits within the AFC function.
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:
- Support the APAC Regional Head of Sanctions in protecting DB from legal, regulatory, and reputational risk with regard to business involving sanctioned entities and / or countries.
- Provide guidance regarding sanctions-related questions and issues; thereby supporting Businesses (1st Line of Defence) establish appropriate organization and control structures to process transactions in a well-defined and compliant environment.
- Interface with client service officers on transaction- filtering related requests and decide on these in full compliance with all applicable sanctions regulations as well as the DB’s policies and procedures.
- Continuously monitor the sanctions regulatory situation in the region.
- Support in the translation of external developments of the legal situation into potential policy adjustments for the Bank.
- Ensure diligent review of transaction-filtering related requests and decide on these in full compliance with all applicable sanctions regulations as well as the Bank's policies and procedures.
- Investigate and review transaction payment messages escalated from Regulatory Filtering Operations to APAC Sanctions for potential sanctions or policy violations.
- Support sanctions-relevant reporting obligations involving countries in the APAC region to the competent authorities.
- Handle and respond to inquiries from regulatory authorities as well as internal or external auditors and business lines regarding sanctions observance.
- Participation in global and regional calls to update on regional developments and issues may be required.
- Reporting of any sanctions breaches to the AFC Sanctions Breach Team.
- Identification of any sanctions relevant gaps in existing processes and addressing these with relevant stakeholders.
- Annual Risk Assessment exercise and coordination with Global, regional and country-level stakeholders.
Your skills and experience:
- Minimum 3 years’ of relevant Sanctions experience within a financial institution or investment bank providing sanctions advisory service directly to internal and external stakeholders.
- Proven experience with Regional and Global Sanctions policies & Governance cutting across APAC region.
- Proven Project Management experience in Sanctions related initiatives, with the ability to work with different working groups team, while providing stability re: business-as-usual activities.
- Possesses attention to detail and being meticulous in reviewing sanctions-related issues for all escalations from Business units and APAC locations.
- Proven stakeholder management skills with ability to communicate (verbal and written) clearly to Business units and APAC locations substantiated assessment/position and recommend follow-up action.
- Self-starter, proactive and independent, exercises flexibility in addressing contentious issues, principled, and action-oriented individual.
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.
