Deutsche Bank
Business Line AFC - Corporate Banking Advisory - Vice President
Deutsche Bank, Rego Park, New York, United States, 11374
Job Description
Job Title
Business Line AFC - Corporate Banking Advisory Corporate Title
Vice President Location
New York Overview AFC is responsible for Deutsche Bank's overall Anti-Money Laundering Program, including oversight of the New Client Adoption (NCA), Know Your Customer (KYC), and products processes giving rise to potential financial crime. The Anti-Money Laundering Compliance Officer (AMLCO) position will advise on products consider potential reputational risk and oversee the KYC process for High Risk clients, with a specific focus on conducting four eye reviews for Regular (aka Periodic) KYC Reviews, Event Driven Reviews (EDRs) and remediation of KYC files for International Private Bank (IPB). A successful professional will be able to get up to speed with the program's content and learn how to navigate the organization across the global and regional Anti-Financial Crime, Operations, Legal, And Front Office teams. What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift and volunteer programs
What You'll Do Advise and support the Business on clients, products and transactions with potential financial crime risks; apply practical standards of the anti-financial crime (AFC) compliance program and respond on dispensation / consultation request
Meet regularly with key Business Partners to ensure AFC risk is properly understood and communicated; Provide guidance on anti-money laundering (AML)/ Office of Foreign Assets Control (OFAC) issues and trends to Business Partners
Provide guidance and respond to queries from various internal groups (including the Front Office, the Middle Office, client lifecycle management (CLM), Legal, Advisory Compliance, etc.) relating to complex AFC issues;
Support regional initiatives for the Business; facilitating the review of the overall AFC program including risk analysis, periodic high risk account reviews, event driven review (EDR), quality controls reviews, and ensuring a consistent enhanced due diligence (EDD) review and approval is applied
Support regional head in management of the Business Internal Audit and External Audit points to successful completion; provide support in coordinating/responding for requests for information for Internal Audit, Regulators and Law Enforcement as part of audits, examinations and investigations
Reviewing/enhancing/implementing AFC policies and procedures taking into consideration minimum standards set by Global, Division and Local know your client (KYC) Policies and Procedures
How You'll Lead Role requires managing issues/concerns escalated by various stakeholders with moderate oversight and being held accountable for decisions made on day to day basis. Additionally, the role will be measured by findings, red flags and peer feedback. Role will have key interactions with stakeholders including Product heads, Other controls functions, Global & Regional Business Line Anti-Financial Crime (BLAFC) and client lifecycle management (CLM) onshore management
Skills You'll Need Minimum undergraduate degree or equivalent
An advanced degree (e.g. JD, MBA, etc.) is a plus (not required)
Working experience in the financial industry within AFC Compliance, Legal or Regulatory Change functions;
Superior knowledge of relevant AFC laws/regulatory requirements, particularly with respect to Investment Bank/Corporate Bank products along with Knowledge of FinTech and Digital Asset Segments is a plus
Knowledge of 6th EU Money Laundering Directive and other FATF AML priorities (preferred); CAMS Certification (preferred, but not required)
Skills That Will Help You Excel A Team player displaying strong interpersonal skills
Highly proficient in written and oral communication
Able to demonstrate strong research, investigation and analytical skills
Meticulous displaying a strong attention to detail
Able to work autonomously and within teams
Expectations It is the Bank's expectation that employees hired into this role will work in the New York City office in accordance with the Bank's hybrid working model. Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion. The salary range for this position in New York City is $125,000 to $203,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration. We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment. We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
Job Title
Business Line AFC - Corporate Banking Advisory Corporate Title
Vice President Location
New York Overview AFC is responsible for Deutsche Bank's overall Anti-Money Laundering Program, including oversight of the New Client Adoption (NCA), Know Your Customer (KYC), and products processes giving rise to potential financial crime. The Anti-Money Laundering Compliance Officer (AMLCO) position will advise on products consider potential reputational risk and oversee the KYC process for High Risk clients, with a specific focus on conducting four eye reviews for Regular (aka Periodic) KYC Reviews, Event Driven Reviews (EDRs) and remediation of KYC files for International Private Bank (IPB). A successful professional will be able to get up to speed with the program's content and learn how to navigate the organization across the global and regional Anti-Financial Crime, Operations, Legal, And Front Office teams. What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift and volunteer programs
What You'll Do Advise and support the Business on clients, products and transactions with potential financial crime risks; apply practical standards of the anti-financial crime (AFC) compliance program and respond on dispensation / consultation request
Meet regularly with key Business Partners to ensure AFC risk is properly understood and communicated; Provide guidance on anti-money laundering (AML)/ Office of Foreign Assets Control (OFAC) issues and trends to Business Partners
Provide guidance and respond to queries from various internal groups (including the Front Office, the Middle Office, client lifecycle management (CLM), Legal, Advisory Compliance, etc.) relating to complex AFC issues;
Support regional initiatives for the Business; facilitating the review of the overall AFC program including risk analysis, periodic high risk account reviews, event driven review (EDR), quality controls reviews, and ensuring a consistent enhanced due diligence (EDD) review and approval is applied
Support regional head in management of the Business Internal Audit and External Audit points to successful completion; provide support in coordinating/responding for requests for information for Internal Audit, Regulators and Law Enforcement as part of audits, examinations and investigations
Reviewing/enhancing/implementing AFC policies and procedures taking into consideration minimum standards set by Global, Division and Local know your client (KYC) Policies and Procedures
How You'll Lead Role requires managing issues/concerns escalated by various stakeholders with moderate oversight and being held accountable for decisions made on day to day basis. Additionally, the role will be measured by findings, red flags and peer feedback. Role will have key interactions with stakeholders including Product heads, Other controls functions, Global & Regional Business Line Anti-Financial Crime (BLAFC) and client lifecycle management (CLM) onshore management
Skills You'll Need Minimum undergraduate degree or equivalent
An advanced degree (e.g. JD, MBA, etc.) is a plus (not required)
Working experience in the financial industry within AFC Compliance, Legal or Regulatory Change functions;
Superior knowledge of relevant AFC laws/regulatory requirements, particularly with respect to Investment Bank/Corporate Bank products along with Knowledge of FinTech and Digital Asset Segments is a plus
Knowledge of 6th EU Money Laundering Directive and other FATF AML priorities (preferred); CAMS Certification (preferred, but not required)
Skills That Will Help You Excel A Team player displaying strong interpersonal skills
Highly proficient in written and oral communication
Able to demonstrate strong research, investigation and analytical skills
Meticulous displaying a strong attention to detail
Able to work autonomously and within teams
Expectations It is the Bank's expectation that employees hired into this role will work in the New York City office in accordance with the Bank's hybrid working model. Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion. The salary range for this position in New York City is $125,000 to $203,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration. We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment. We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.