AFC - Anti-Money-Laundering Business Advisory - Wealth and Asset Management - VP

  • Competitive
  • Singapore
  • Permanent, Full time
  • Deutsche Bank APAC
  • 22 Oct 17 2017-10-22

AFC - Anti-Money-Laundering Business Advisory - Wealth and Asset Management - VP

Regulation, Compliance & Anti-Financial Crime

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.

Position Overview


We are a business with a vision: to be the leading client-centric global universal bank. This enables us to offer exceptional opportunities to agile minds: people with the insight, passion and ideas to positively embrace new challenges, adding real value to everything we do.

We offer our employees the chance to make a genuine impact. We value diverse opinions in an intellectually stimulating environment where everyone has the chance to share in our success.

Our environment enables every employee to realize their potential. We value your unique perspectives, invest in your potential and encourage your personal and professional growth.

Overall Purpose of the Role:

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.

The Wealth Management (WM) and Asset Management (AM) FinTech Specialist reports to the Global AFC FinTech Business Partner and supports the development of globally consistent strategies and responses to FinTech's KYC issues. The FinTech Specialist also has secondary reporting line to the AFC regions Advisory function this role is based in.

Roles and Responsibilities:

  • Drive KYC best practices and develop strategies to address KYC-related risk across the FinTech WM and AM segment globally together with the Global AFC FinTech Business Partner.
  • Liaise between the WM and AM FinTech segment and AFC to support global harmonization, identify cross-regional trends and support cross-regional KYC initiatives.
  • Communicate all critical KYC issues to the Global AFC FinTech Business Partner and develop respective resolution proposals.
  • Support FinTech client onsite visits.
  • Develop and maintain internal and external key business relationships within the FinTech segment and its associated KYC stakeholders.
  • Advise on KYC risk of new products, customer strategies and other growth strategies related to the FinTech segment.
  • Work with Global AFC functions, business and middle office stakeholders to develop globally consistent strategies to address the KYC risks of current activities and future initiatives across Deutsche Bank's FinTech segment.
  • Work with AFC, the FinTech segment and middle office to facilitate communication and cross-regional consistency when developing responses to new or changing KYC-related risks arising from local laws or regulations in each region/country.
  • Work with AFC, business and middle office stakeholders to address ad-hoc KYC risk-related issues relating to customers, products, services and geographies.
  • Support the Global AFC FinTech Business Partner in managing special KYC projects
  • Support the Global AFC FinTech Business Partner with the development and ongoing enhancement of the FinTech segment's KYC policy framework in partnership with the Business Divisions and the AFC policy function.
  • Perform the role of the AFC quality assurance lead for the translation of FinTech KYC standards into its key operating procedures framework.
  • Support the development of the Global Business Line AFC's positioning within the global AML & AFC organization.
  • Support the definition of an AFC KYC internal decision framework such as escalation handling criteria, decision rationale standards etc.
  • Advise on FinTech KYC-related matters including (but not limited to):
  • Prospects, client and/or related parties risk;
  • Potential transactions and/or deals;
  • Updates that impact KYC-related end-to-end processes such as New Client Adoption forms;
  • Emerging risks from new technologies, business/industry trends such as digital currencies, payment systems, etc.; and
  • Global regulatory developments related to KYC.
  • The FinTech Specialist has unrestricted access to all information, data, records and systems in the Bank he/she deems necessary to fulfil their function.

Skills and Qualifications:
  • 7+ years of experience in financial crime compliance, in particular experience in the development and implementation of cross-functional control frameworks.
  • Experience working within a global team in a multinational organization.
  • Knowledge of Asset Management and Wealth Management and / or Private Banking
  • Knowledge of emerging risks from new technologies, business/industry trends such as digital currencies, payment systems, etc.
  • Good working knowledge of banks' EDD framework and general AML / onboarding and KYC procedures and requirements.
  • 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.

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.