Compliance At Deutsche Bank, good compliance is everybody's responsibility. The Compliance department's core functions support good compliance practice to prevent and detect violations of all applicable laws, rules and principles that observe high standards of individual behaviour and business conduct.
Working closely with the business, compliance professionals ensure that our risk based programme is both globally effective and locally anchored to our key divisional businesses. As an independent and robust second level control function, the Compliance Department seeks to manage compliance risk and deepen the culture of compliance at Deutsche Bank through the development and management of strategies that are sustainable and increases the trust of our clients.
Overall Purpose of the Deutsche Bank AFC Function:
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 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.
Overall Purpose of the AML Support Officer Role:
The Role is responsible for the AML / KYC advisory for the Wealth Management (WM) businesses in the jurisdiction. This ensures that all relevant AML/CTF policies, procedures, systems and controls are implemented effectively, all AML/CTF-relevant legal, regulatory and DB Group requirements are met and any AML/CTF-related risks are appropriately addressed and mitigated. The AML Support Officer is also responsible for assisting the AML team in identification, assessment, advisory, monitoring, control and reporting on the AML/CTF laws, rules and standards relevant to the DB activities in their respective jurisdiction. The role is the direct point of contact for DB staff in AML / KYC matters, in particular in terms of AML/KYC related regulatory guidance.
Main Responsibilities and powers (non exhaustive):
The AML Support Officer has unrestricted access to all information, data, records and systems in the Bank he/she deems necessary to fulfil its function.
Advising on and ensuring implementation of AML/CTF policies and procedures.
Advising on the impact of new AML/CTF related internal and external rules and ensuring that local guidelines and procedures are in line and reflect German and local laws / regulations. Escalate exceptions to the Local Head of AFC.
Ensuring the New Client Adoptions ("NCAs"), Regular Review issues escalated or required to be reviewed by AFC/AML Officers for the WM HK Business are duly reviewed, approved, escalated or rejected as the case might be.
Ensuring the AML/KYC policies and procedures and local regulatory requirements are being adhered to during adoption of client and periodic review.
Assisting the HK AML Officers (AMLOs) to ensure the local implementation of any local, regional or global AFC projects and programs in conjunction with the relevant regional leads.
Contributing to DB AML Function as a whole by sharing knowledge and best practices with AFC/AML Officers of the other Businesses and entities and other AMLOs / AFCOs.
Assisting preparation of the local AML Risk Assessment.
Helping coordination of local AML training in order to maintain an AFC/AML compliance staff awareness culture by providing appropriate training to staff.
Performing AML related testing as prescribed in the Internal Control Framework under advice from Regional AFC Risks & Controls and HK AMLOs to ensure adequate monitoring and control measures are implemented, report on any findings and advise management on remedial actions to take.
Investigating Unusual and/or Potentially Suspicious and ensuring timely escalation to HK AMLOs of unusual and/or suspicious transactions or activities for reporting to the competent authorities in compliance with applicable rules.
Having oversight on the tracking and following-up on the conditions that have been imposed as part of the KYC approval.
Following-up with the Business on status of Regular Reviews and obtain relevant MIS from the Business.
Discharging the responsibilities of AML as set out under global KYC policies for divisions present in the jurisdiction.
Reporting and liaising with HK AMLOs to ensure appropriate reporting and escalation of issues and/or incidents.
Ensuring that local record keeping processes are in alignment with the AML related legislative, regulatory and internal requirements.
Coordinating responses and input for MI reports requested by Global AFC or the AFC reporting function.
Excellent technical AML and/or KYC knowledge skills and experience, and demonstrated hands-on experience
Understanding the business areas of Wealth Management / Private banking.
Strong analytical skills
Strong interpersonal and influencing skills
Customer service orientation
Attention to detail
Teamwork and communication
Ability to work independently and prioritize tasks under pressure
Education / Qualifications Required:
Relevant AML or related certifications (desirable)
(CAMS, CFE, IntDipAML)
Personal Attributes / Background / Work Experience Required:
3+ years relevant experience (for Asoociate level). Experience in Private Banking area is desirable.
Work experience in a regulator or financial institution
Native spoken and written Chinese
Excellent proficiency in spoken and written English
Proficiency in other Asian language(s) advantageous
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.