AFC - AML Monitoring Officer - Assistant Vice President
- Permanent, Full time
- Deutsche Bank APAC
- 17 Oct 17 2017-10-17
AFC - AML Monitoring Officer - Assistant Vice President
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.
Deutsche Bank (DB) is committed to the highest standards of control in the areas of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud (collectively referred to as Anti-Financial Crime). All employees are required to adhere to these standards to protect Deutsche Bank and our reputation from those who may intend to use our products and services for illegal purposes including, but not necessarily limited to, money laundering, bribery, corruption, fraud and/or Terrorist Financing.
The purpose of the AML/CTF Financial Investigations team is to ensure that the systems it is tasked with surveilling are at all times being used in accordance with the legal and regulatory Anti-Money Laundering framework and to escalate issues of concern to AFC Management in a timely manner. This includes the manual escalations from multiple areas such as BIU, ABAC, Advisory, and any Unusual Activity Reports.
Reporting to the FCI Manager for Wealth Management and as part of the wider APAC AFC Team, the main focus of Investigator is to investigate cases either from manual creation or creation of investigations from the TM systems following the Investigation Guidelines. The investigator should at all times ensure that the investigation is completed with quality and thoroughness expected.
The Asia-Pacific Anti-Financial Crime Department supports Deutsche Bank businesses in the region manage AFC risk, is responsible for ensuring that related processes are in place and that all policies, procedures and guidelines conform to internal Deutsche Bank policies as well as all applicable laws and regulations.
The AML Monitoring Officer's primary responsibility will be alert and case handling and conducting investigations, while assisting with other FCI-related duties inclusive processes such as User Acceptance and Quality Assurance testing. The AML Monitoring Officer is expected to be equipped with product knowledge and bring expertise in investigative processes, effective alert, and case- handling procedures.
The AML Monitoring Officer will be located in Singapore and report to Financial Crime Investigations Manager, or delegated manager for Wealth Management. Depending on the experience of the candidate, some or all of the following responsibilities will be assigned:
- Perform AML monitoring of assigned businesses or jurisdictions.
- Perform or support autonomous reviews and investigations.
- Conduct QA testing and oversight on monitoring processes in the Asia Pacific.
- Coordinate and/or prepare the required management information reporting data for local, regional or global submission as applicable.
- Coordinate and work with AFC staff in other locations to ensure consistency in standards and policy implementation.
- Involvement in FCI-related technical and project work and user-acceptance tests.
- Provide input on key initiatives and other ad hoc projects as needed.
- Resolving AML/CTF Investigations before these issues have a negative impact on the bank's financial position, reputation or become a regulatory issue.
- Review and analyze daily AML/CTF Cases to ensure that investigations are accomplished to address transactions that contravene the banks or regulatory policy. Ensure these occurrences are documented in the case for regulatory/audit level reviews.
- Ensure the risk coverage for the bank from an AML/CTF perspective.
- Investigate cases and associated transactions and identify potential areas of risk (financial, reputational, and regulatory) within the transactions and associated client relationship review.
- Investigate cases utilizing knowledge of money laundering, financing of terrorism and related issues, seeking guidance and assistance when required from the Team Manager and other colleagues.
- Internet and external database searches to ensure no adverse information (RAI) is noted on the client/parties.
- Handle complex and confidential cases with little or no guidance.
- Accountable to ensure the audit trail is complete for all Cases .
- Ensure all alerts and cases are completed within the mandated timeframe.
- Identify current transaction typologies and keep abreast of emerging ones and apply said typologies to the working of the cases.
- Provide support and assistance to the AML/CTF Manager with respect to the requirement that the internal systems parameters are reviewed at least annually.
- Escalate data quality and system issues to the AML/CTF Manager.
- Sound technical AML, KYC, investigations knowledge and skills, with demonstrated hands-on experience.
- A background in a Financial Investigation Unit or Financial Crime Investigations with broad knowledge of AML or other investigations.
- Familiarity with diverse banking products across business lines specifically Wealth Management and experience in working on AML monitoring and case management systems.
- Demonstrated problem-solving and analytical skills.
- Attention to detail and efficient.
- Be the subject expert in AML/CTF typologies/trends.
- Ability to Review Evidential Case Files using knowledge of Legislation .
- Strong analytical skills with an investigative mind-set.
- Strong attention to detail.
- Internet expertise on identifying negative news and ability to search and find information.
- The ability to work under pressure and within tight deadlines with no loss of accuracy.
- An understanding of the legal and compliance issues of complex banking organisations.
- Strong verbal and written communication skills.
- The ability to work well within a team.
- A professional business attitude in the workplace.
Education / Qualifications Required:
- Relevant AML or related certifications.
- (CAMS, ICA Diploma etc).
- Relevant tertiary qualifications.
- Criminology degree an asset.
- Previous law enforcement a benefit.
- Previous FIU experience in investigations.
Personal Attributes /Background/ Work Experience Required:
- Strong communicator with excellent interpersonal skills.
- Team player.
- Proactive and able to take initiative.
- Minimum of 5 years of relevant experience.
- Must be able to handle stressful situations while maintaining a professional approach to problem solving.
- Excellent proficiency in written and spoken English required.
- Additional proficiency in an Asian language would be a plus.
Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.