Compliance (AML and AFC) - AVP

Summary about this job

Detail information about job Compliance (AML and AFC) - AVP. Terms and conditions vacancy

Background

Deutsche Bank in Australia includes the following business groups:

• Global Markets
• Corporate and Investment Banking
• Deutsche Asset Management.

The Anti-Financial Crime division protects 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.

The Australian Anti-Financial team supports the Australian Deutsche Bank businesses with managing AFC risk and has responsibilities including (but not limited to):

• Managing all AML/CTF and Sanctions/Embargo risk;
• Ensuring appropriate policies, procedures and controls are implemented, and they comply with both DB internal standards and Australian AML laws and regulations; and
• Managing suspicious transaction alerts and processing suspicious activity reports.

Key Responsibilities

• Act in accordance with Deutsche Bank’s Code of Business Conduct and Ethics and actively promote the Bank’s Values and Beliefs
• Work collaboratively with colleagues in the broader Anti-Financial Crime area, including Anti-Fraud Bribery and Corruption, Sanctions, Risk & Controls and Compliance
• Provide AFC related guidance and advice to all Business Partners and to the client onboarding teams in India and Australia. This can range from KYC to Sanctions to Gif & Entertainment.
• Conduct quality assurance testing on AFC controls including KYC, Third Party Payments and Sanctions screening;
• Review matters escalated to local AFC, arising from the Bank’s Anti-Financial Crime Framework.
• Provide AFC approval on enhanced customer due diligence files, including full review of all documentation to Australian regulatory requirements and DB’s KYC procedures. Ensuring local country/divisional guidelines and procedures are in line with Australian laws and regulations, and providing updates to the business and amendments to policies as required;
• Assist and co-ordinate with regional and global AFC to implement a transaction monitoring solution for Global Market products and investigate any alerts generated from the solution.
• Review potential products, transactions and business initiatives to identify and assess financial crime risks. Ensure adequate controls for new products and transactions are implemented.
• Liaise with regional AML Business Leads based in Singapore in the application of policy changes; and execution of AML global and regional initiatives and projects within Australia. 
• Investigate potential suspicious transactions and produce Suspicious Transaction Reports on a timely basis when deemed appropriate,
• Carry out AFC controls testing for the location as defined by global or regional programmes.
• Complete any local/global AML and Embargo Risk Assessments and OFAC Risk Assessment on all DB Australia entities
• Perform regular and ad hoc AFC induction and refresher training.
• Complete periodic AML reporting requirements, including but not limited to AUSTRAC Compliance Assessment Reporting and IFTI Reporting.

Qualifications and Personal Attributes

• Good understanding of the Australian AML legislation and rules.
• AFC-related knowledge and experience gained (KYC mandatory) in an AFC, compliance or customer onboarding role within a financial institution or regulator.
• Anti-bribery and corruption experience would be advantageous;
• Understanding of investment banking and securities products and services.
• Strong analytical and problem-solving skills.
• Strong attention to detail.
• Excellent interpersonal and communication skills.
• Ability to perform well under pressure.
• Ability to work independently and within a team.
• Degree qualified.
• Relevant AML or related certifications desirable.
• 3-5+ years relevant experience
• Excellent proficiency in written and verbal English required.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.