Cayman Islands (Cayman) Business Line AFC Advisory - Vice President

Job Description:

Job Title Cayman Islands (Cayman) Business Line AFC Advisory

Corporate Title Vice President

Location New York

Overview

Anti-financial crime (AFC) is responsible for Deutsche Bank’s overall Anti-Money Laundering Program, including oversight of the New Client Adoption (NCA), Know Your Customer (KYC), transactions and products processes giving rise to potential financial crime. The Anti-Money Laundering Compliance Officer (AMLCO) position will advise on transactions and products, consider potential reputational risk and oversee the KYC process for High Risk clients, with a specific focus on Regular (aka Periodic) KYC Reviews, Event Driven Reviews and remediation of KYC files for all businesses within Investment Bank or Corporate Bank (together the Business). A successful professional will be able to get up to speed with content quickly and learn how to navigate the organization across the global and regional Anti-Financial Crime, Operations, Legal, Client Lifecycle Management (CLM) and Business 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 Cayman AFC compliance program; Advise in consultation with US Framework office on the impact of new and/or amended AFC-related laws, rules, and regulations as they relate to and/or impact Cayman

• Ensure that internal policies, procedures, systems, and controls align with the Deutsche Bank’s regulatory obligations for the Cayman and internal standards and are effectively implemented

• Facilitate CIMA monthly, quarterly and annual surveys, including stakeholder management across 1st Line of Defense (1LOD) and 2nd Line of Defense (2LOD) ensuring timely and adequate regulatory submissions

• Provide guidance in consultation with Cayman MLRO/DMLRO 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 jurisdictional Financial Crime issues;

• Support regional initiatives for the Business; facilitating the review of the Cayman 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 Cayman MLRO/DMLRO in management of the Business and/or AFC 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

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 finings, 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

• Support the coordination between regional stakeholders and the Global team to execute major remediation and technical projects impacting Cayman AFC program;

• Prepare periodic management reporting for Cayman board, global and regional AFC management concerning issues, trends, and emerging topics applicable to the location

Skills You’ll Need

• Minimum undergraduate degree or equivalent;

• An advanced degree (e.g. JD, MBA, etc.) is a plus but not required;

• Advanced 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 products;

• AFC Compliance, Legal or Audit experience, particularly in connection with anti-money laundering (AML), KYC and the Regular Review in advisory capacity

• Knowledge of investment banking, Cay