Anti-Financial Crime - Anti-Money Laundering Business Advisory - Vice President Anti-Financial Crime - Anti-Money Laundering  …

Deutsche Bank
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 07 Jul 20
Competitive
Deutsche Bank
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 07 Jul 20
Competitive
Anti-Financial Crime - Anti-Money Laundering Business Advisory - Vice President
Position Overview

Details of the Division and Team:

Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Embargo & Sanctions, Anti-Bribery and Corruption (ABC), Anti-Fraud and Investigations and Financial Crimes, collectively referred to as Anti-Financial Crime Compliance (AFC). The Management and all employees are required to adhere to these standards to protect Deutsche Bank and our reputation from those who intend to use our products and services for money laundering, bribery, corruption, fraud and/or terrorist financing purposes.

The AFC program is formulated and directed by the Global Head of AFC. Reporting to the Global Head of AFC is the Global Head of AML who is responsible for aligning AFC policy and standards across Deutsche Bank's businesses.

The Business Line AFC team advises the businesses on best practices and standards for risk-mitigation reflecting the applicable provisions of the German Anti-Money Laundering Act and the German Banking Act and applicable local laws in each jurisdiction in which the business line operates. Business Line AFC drives divisional and cross-regional harmonization of AFC for Deutsche Bank's businesses by facilitating the development of globally consistent strategies and responses to issues and supporting cross-regional initiatives.

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:
  • Competitive Salary and non-contributory pension
  • 20 days annual leave plus generous number of public holidays
  • Life Assurance and Private Healthcare for you and your family
  • A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives
  • The opportunity to support a wide ranging CSR program plus take volunteering leave days


Your key responsibilities:
  • Ensuring appropriate reporting and escalation of issues and/or incidents to the Money Laundering Reporting Officer and / or Local Head of AFC. Assisting the MLRO to maintain procedures and systems, and to prepare appropriate MIS to ensure that Unusual and/or Potentially Suspicious Transactions are reported, in compliance with applicable rules. Coordinating responses and input for MI reports requested by Global AFC or the AFC reporting function.
  • Advising on and ensuring the implementation of applicable Group AML / CTF Policies and local regulatory requirement to Corporate Investment Bank/Global Markets Business. Participating in the assessment of the conformity of relevant internal policies and procedures, systems and controls with relevant local regulatory obligations and Deutsche Bank Group standards, in order to ensure local AML regulatory requirements are reflected in the local KOPs. Conducting the local AML Risk Assessment in the country and discharging the responsibilities of local AML officers as set out under global KYC policies for the division that the AMLO is responsible for.
  • Monitoring local regulatory AML, CTF and sanctions developments and notifying relevant changes and specifications to the MLRO and/or Local /Regional Head of AFC; Performing AML related testing as prescribed in the Global Assurance Policy Framework and investigating Unusual and/or Potentially Suspicious and ensuring timely escalation to the MLROs of unusual and/or suspicious transactions or activities for reporting to the competent authorities in compliance with applicable rules.
  • Providing regulatory guidance and advice on new or existing clients that are escalated, or decide to escalate further. Having oversight on the tracking and following-up on the conditions that have been imposed as part of the KYC approval. Obtaining relevant MIS from the business or appropriate parties on status of regular reviews. Signing-off in the New Product Approval and Vendor Risk Management process where appropriate and relevant to AML. Delivering local AML training when specific needs are identified in order to maintain staff awareness culture and contributing to Deutsche Bank AML Function as a whole by sharing knowledge and best practices with AFC/AML Officers of the other Businesses and entities by involving in regional calls or other forum.
  • Ensuring that local record keeping processes are in alignment with the AML related legislative, regulatory and internal requirements; ensuring on annual basis that Employee Reliability Requirements are met if there is any local deviation.


Your skills and experience:
  • Around 8 years of experience in AML Advisory Compliance in Corporate and investment banking or Global Markets
  • Experience working within a global team in a multinational organization
  • Of graduate caliber with good knowledge of APAC regional and global AML rules and regulations, applicable to a global Investment Bank
  • 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


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.
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.

Click here to find out more about diversity and inclusion at Deutsche Bank.

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