Business Line AFC - Corporate Banking Advisory - Vice President

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 dispensations / consultation request, Advise the Business on reputational risk, pre adoption request and other advisory cases with potential financial crime risks; from time to time act as a delegate to regional head and attend related committees

• 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

• Support the coordination between regional stakeholders and the Global team to execute major remediation and technical projects & create presentations to regional executive management; Reviewing/enhancing/implementing AFC policies and procedures taking into consideration minimum standards set by Global, Division and Local KYC Policies and Procedures;

• Stay up to date on any new rules, regulations and reputational risks to develop implement and revise current policies and procedures; Maintaining a thorough and current understanding of the regulatory environment and actively participating in processes both internally and externally to affect change beneficial to the Firm

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 BLAFC and 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)

• Moderate 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

• Proven strong academic track record. A