Deputy (Americas) Sanctions OFAC & Affiliate Oversight - Vice President

Job Description:

Job Title Deputy (Americas) Sanctions OFAC & Affiliate Oversight

Corporate Title Vice President            

Location New York

Overview

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.

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

What You’ll Do

• Support the Regional Head as well as the Global Head of Sanctions & Embargoes in protecting Deutsche Bank from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries

• Closely follow the development of the legal situation around sanctions and embargoes and derive potential need for enhancement of the Bank’s technical and procedural control frame; Perform sanctions-specific control analyses and develop recommendations based on the results

• Proactive role with respect to the further development of the Sanctions & Embargoes Office capabilities and the development of enhanced control processes and methods; Proactively challenge existing processes and collaborate with key stakeholders to identify areas with room for improvement

• Track embargo related internal and external audit issues and recommendations and support the closure of these

• Liaise with the Change & Development Team in Germany to ensure alignment of all change activities; Regularly report to the Regional Head of Sanctions in reasonable intervals

• Reporting any risk relating to the duties and responsibilities described hereunder and any event or incident that can create or constituting such a risk to the Global Head of Sanctions; Responsible for managing and developing the Change & Development team

How You’ll Lead

• Interacting with Global Sanctions Office colleagues and Regional Sanctions Office colleagues in UKI, Germany/EMEA and APAC regions

• Substantial leadership experience in leading, managing and developing diverse international expert teams, distributing communications regarding strategy, procedure, and policies across Sanctions and AFC teams in the Americas

• Practical and in-depth experience in building supreme Sanctions Operating Models including technical and operational levels

Skills You’ll Need

• Degree in Politics, International Relations, Law, or related field with extensive experience from a U.S. regulatory body or law enforcement agency in the context of Financial Sanctions

• Advanced relevant experience in connection with OFAC regulations with expertise in Anti-Financial Crime

• Excellent understanding of U.S. Sanctions regulations and solid understanding and experience in applying international Sanctions programs

• Strong understanding for universal banks, their product spectrum and the specifics of these in relation to Sanctions controls (particular experience in relation to payments/ correspondent banking as well as Trade Finance)

Skills That Will Help You Excel

• An excellent change agent with experience in managing transfor