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 organization up-to-date on regulatory and political challenges.
Department
Deutsche Bank is committed to the highest standards of control in the areas of Anti-Money Laundering (AML), Sanctions & Embargoes (S&E), Anti-Bribery and Corruption (ABC) and Anti-Fraud (collectively referred to as Anti-Financial Crime). The Management and 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 purposes.
AFC serves to ensure that Deutsche Bank acts with integrity and discipline with regard to the legal and regulatory requirements of the AML regime. One of its objectives is the reduction of financial crime as a result of being used for money laundering or terrorist financing and having sufficient systems and controls to prevent this.
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AFC’s Vision and Mission:
- AFC vision is to ‘Proactively protect our clients, our bank, and our society from financial crime risk’
- AFC mission is to ‘Continually enhance an effective, efficient and sustainable financial crime control framework’
Overview / Key Responsibilities
- Member of the DBS AFC team Switzerland – based in Geneva or Zurich
- Main focus on the International Private Banking Business (in particular, Private Wealth Management).
- Advise the Asset and Wealth Management in AFC & AML-Compliance related topics
- Monitor compliance with legal, regulatory and internal rules at DBS with regards to new account opening and KYC review based on the risk scoring model and related review cycles
- Work with the AFC / AML Team members on regular basis for statistics and reporting duties
- Review and sign-off of New Client Adoptions; all market areas
- Prepare submissions to the Client Acceptance Form
- Member of the Client Acceptance Forum
- Review and sign-off of Know-your-client reviews (PDRs & EDRs)
- Initiate and oversee reviews of AML-relevant transactions with the Business
- Providing advise and support to the Business Division on AFC & AMLrelated matters, e.g., on the implementation of policies and procedures, monitoring programmes, training programmes and, where necessary, remediation measures
- Escalate relevant matters within the AFC organisation
- Work with the larger AFC team on specific activities and projects, such as implementation of new regulations, new internal processes, new IT-systems
- Cooperate with the AFC colleagues in Geneva and act as backup during absences.
- Participate with the larger AFC team in matters such as AML/Compliance risk assessment, monitoring and testing, provision of training to employees Interaction with other DB locations on general due diligence matters
Key Targets & Objectives of Role
- Protect 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
Required Profile
You will have:
Degree in economics or law or a successfully completed training with relevant appropriate professional qualification;
You will be:
Robust, credible and organizationally savvy, with an ability to grasp complex issues quickly
- A strategic thinker and be capable of delivering a large change program whilst also managing an important, growing client-facing ‘run the bank’ service
- A very good communicator with a ‘can do’ attitude
- Able to work independently to manage projects and deliverables to completion
- A problem solver with good technical skills
Competences:
- Knowledge of relevant AML, Sanction, Embargo, Anti Bribery and Anti Fraud regulation;
- Fluent knowledge of French & English (spoken and written);
- Other language skills would be appreciated;
- Working knowledge of MS Office Programs
Personal Skills:
- Practical experience in an international bank in the areas of Compliance, Legal, Audit or similar, preferably in an AFC & AML relevant area
- Knowledge of Swiss regulatory environment
- Practical organisation skills. Work independently – ability to handle several topics at the same time and prioritise workload. Leverage skills and know-how within the department and other areas of DB
- Resilience and assertiveness;
- Proactive attitude, high commitment and ability to work in a careful and targeted way in even the most stressful situations;
- Excellent communication skills and strong willingness to team work in an international team
- Ability to promote the objectives of AFC Compliance within DBS
- Ability to make sound assessment of the AFC/AML Compliance risks and communicate these to the Business Division
- Co-operate closely with the Team Head and Head of AFC Switzerland and the AFC team in DBS and with DB staff at other legal entities / locations and providing back-up coverage in case of absences
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, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
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, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
