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
Deutsche Bank in Australia includes the following business groups:
Corporate and Investment Banking
Deutsche Asset Management. The Anti-Financial Crime division protects the Bank by:
Advising on ethical conduct and identifying regulatory solutions;
Safeguarding integrity and reputation; and
Promoting, in partnership with the business, a culture of Compliance. The Australian Anti-Financial team supports the Australian Deutsche Bank businesses with managing AFC risk and has responsibilities including (but not limited to):
Managing all AML-CTF and Sanctions-Embargo risk;
Ensuring appropriate policies, procedures and controls are implemented, and they comply with both DB internal standards and Australian AML laws and regulations; and
Act in accordance with Deutsche Bank's Code of Business Conduct and Ethics and actively promote the Bank's Values and Beliefs
Work collaboratively with colleagues in the broader Anti-Financial Crime area, including Anti-Fraud Bribery and Corruption, Sanctions, Risk & Controls and Compliance
Provide AFC related guidance and advice to all Business Partners and to the client onboarding teams in India and Australia. This can range from KYC to Sanctions to Gif & Entertainment.
Conduct quality assurance testing on AFC controls including KYC, Third Party Payments and Sanctions screening;
Review matters escalated to local AFC, arising from the Bank's Anti-Financial Crime Framework.
Provide AFC approval on enhanced customer due diligence files, including full review of all documentation to Australian regulatory requirements and DB's KYC procedures. Ensuring local country-divisional guidelines and procedures are in line with Australian laws and regulations, and providing updates to the business and amendments to policies as required;
Assist and co-ordinate with regional and global AFC to implement a transaction monitoring solution for Global Market products and investigate any alerts generated from the solution.
Review potential products, transactions and business initiatives to identify and assess financial crime risks. Ensure adequate controls for new products and transactions are implemented.
Liaise with regional AML Business Leads based in Singapore in the application of policy changes; and execution of AML global and regional initiatives and projects within Australia.
Investigate potential suspicious transactions and produce Suspicious Transaction Reports on a timely basis when deemed appropriate,
Carry out AFC controls testing for the location as defined by global or regional programmes.
Complete any local-global AML and Embargo Risk Assessments and OFAC Risk Assessment on all DB Australia entities
Perform regular and ad hoc AFC induction and refresher training.
Complete periodic AML reporting requirements, including but not limited to AUSTRAC Compliance Assessment Reporting and IFTI Reporting. Qualifications and Personal Attributes
Good understanding of the Australian AML legislation and rules.
AFC-related knowledge and experience gained (KYC mandatory) in an AFC, compliance or customer onboarding role within a financial institution or regulator.
Anti-bribery and corruption experience would be advantageous;
Understanding of investment banking and securities products and services.
Strong analytical and problem-solving skills.
Strong attention to detail.
Excellent interpersonal and communication skills.
Ability to perform well under pressure.
Ability to work independently and within a team.
Relevant AML or related certifications desirable.
3-5+ years relevant experience
Excellent proficiency in written and verbal English required. 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.