Location: United Arab Emirates, Dubai, DIFC
Full / Part time: Full time
Permanent / Temporary: Permanent
Corporate Title: Associate
Reporting Line to: DIFC MLRO
Start Date: As soon as possible
Anti-Financial Crime
Regulation, Compliance and Anti-Financial Crime (AFC) protect the integrity and reputation of Deutsche Bank. They manage the Bank’s risks and help to avoid unintentional rule breaches and conflicts of interest. At the same time, they also advise on ethical conduct, governance issues and keep our organisation up-to-date on regulatory and political challenges.
Anti-Financial Crime at Deutsche Bank is committed to the highest standards of Anti-Money Laundering, Combatting Terrorist Financing, Sanctions and Embargoes, Anti-Bribery and Corruption and Fraud prevention. The Management and all employees are required to adhere to these standards to prevent Deutsche Bank and our reputation from those who may intend to use our products and services for Money Laundering, Corruption and/or terrorist financing 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
Your Role
The Regulatory Advisory Support role provides support to the business advisory team in their engagement with relevant business and/or infrastructure areas. They also support the team in their provision of level 1 control advice and in their assistance with conducting level 2 controls and risk assessment for these areas.
You will prevent financial and economic crime from entering the financial system and compromising the integrity of and trust in the financial system. The AFC Officer will be responsible for reviewing and assessing Financial Crime Risks of existing and potential clients. The AFC Officer investigates periodically if client relationships are still compliant with the rules and regulations by external & internal regulations as well as Deutsche Bank’s KYC/AML policies and procedures to prevent Deutsche bank from becoming involved in money laundering, terrorist financing and other reputational risks.
Your Key Responsibilities
- Decision-making authority over the Business on AFC related matters.
- Manage day-to-day tasks independently and take full responsibility and ownership thereof.
- Conduct Client reviews escalated under the KYC Policy at either New Client Adoption (NCA), Regular Review (RR) or during an Event Driven Review (EDR).
- Prepare, check and sign off internal documentation supporting the adoption of new / existing cases.
- Provide guidance and make decisions in relation to financial crime matters.
- Be a point of contact for any AML queries and higher risk Clients.
- Provide AML advice including, but not limited to, KYC/AML issues arising in the KYC process, AFC policy and local regulatory environment, control oversight.
- Support to develop and update of KYC/AML related policies, procedures, KOPs and guidance.
- Maintain management information (MIS).
- Support the MLRO
- To implement AFC policies and procedures.
- To assess the impact of new AFC related internal and external rules and ensure that local guidelines and procedures are in line and reflect German and local AFC laws / regulations.
- To assess the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and DB Group standards.
- To develop and maintain the AFC related Internal Control Framework.
- Adequate monitoring / research / surveillance tools
- With the collection, submission and delivery of AFC/KYC MIS.
- To ensure that local record keeping processes are in alignment with the AML related legislative, regulatory and internal requirements.
- To implement any country, regional or global AFC projects and programs.
- Perform control testing.
- Discharge the responsibilities of AFC as set out under global KYC policies to ensure appropriate reporting, escalation of issues and/or incidents.
- Ensure appropriate reporting and escalation of issues and/or incidents to the MLRO and/or Regional Head of AFC.
- Conduct screening of international sanctions, embargoes and OFAC entries.
- Liaise with stakeholders to ensure appropriate implementation, reporting, processing and escalation of KYC matters and/or incidents.
- Deliver AFC related training to the 1st LoD and maintenance of training records and general upkeep of training material and its content.
Your Skills and Qualifications
- Bachelor’s Degree with a background in Business, Accounting or Finance
- Preferrably relevant AML qualification from an internationally recognized body (such as ACAMS, Association of Certified Anti-Money Laundering Specialists)
- Fluency in English as prerequisite, Arabic knowledge as an added advantage.
- At least 3 years’ experience within AML/KYC, preferably within a DFSA/CBUAE regulated bank or financial institution.
- Preferrably WM experience.
- Strong knowledge of the DFSA relevant AML and CFT rules and regulations (CBUAE rules and regulations as an added advantage).
- Able to build constructive partnerships with diverse stakeholders and challenge where required.
- Strong inter-personal skills, excellent communication skills and ability to work in virtual global teams and a matrix organization.
- Assertive, analytical, organized and flexible. Strong solution-oriented problem solving.
- Strong organization and prioritization skills, profound decision making skills.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, color, sexual orientation or disability.
We guarantee that your application will remain anonymous and be treated confidentially.
Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.
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, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
