Details of the Division and Team:
Deutsche Bank benefits from having a highly experienced and dedicated Anti Financial Crime (AFC) function, which performs a crucial role in keeping DBs business operations and global financial services clean from financial crime while serving the interests of the bank and society. Our regional/global matrix structure allows for flexible responses to challenges in the core areas of: Anti-Money Laundering, Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption, Investigations & Intelligence, Monitoring & Screening, and Risk Assessment.
Our AFC Team will provide you with opportunities to learn, grow and define your career. We foster an open, diverse, and inclusive team culture, that is engaged and well-supported for prosperity and enjoyment of a life/work balance.
Anti-Financial Crime (AFC)
Our AFC team is responsible for protecting Deutsche Bank from financial and reputational losses incurred by financial crimes by assessing, controlling and mitigating risks. Risk types related to Anti-Financial Crime are consolidated in a comprehensive and effective risk management framework that covers Anti-Money-Laundering, Sanctions & Embargoes, Anti-Bribery & Corruption as well as Anti-Fraud & Investigations.
Overview:
Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud & Investigations (AF&I) and wider Financial Crime (collectively referred to as Anti Financial Crime) prevention. The Management and all employees are required to adhere to these standards to prevent DB and our reputation from those who may intend to use our products and services for money laundering, bribery, corruption, fraud and/or Terrorist Financing (TF) purposes.
DB Group will examine its Anti-Financial Crime (AFC) strategies, goals and objectives on an ongoing basis and maintain an effective program for DB’s business that reflects the best practices for a diversified, global financial services provider. The AML team sits within the AFC function.
The Role is responsible for the AML, CTF, Sanctions & Embargoes related matters in Hong Kong. This ensures that all relevant AML/CTF policies, procedures, systems and controls are implemented effectively, all AML/CTF-relevant legal, regulatory and DB Group requirements are met and any AML/CTF-related risks are appropriately addressed and mitigated. The AMLO is also responsible for the identification, assessment, advisory, monitoring, control and reporting on the AML/CTF laws, rules and standards relevant to the DB activities in Hong Kong. The AMLO, together with the Money Laundering Reporting Officer (MLRO), are the direct points of contact for DB staff in AML matters, particularly in terms of AML/KYC-related regulatory guidance or suspicious transactions. He / She also assists the MLRO in responding are queries from the local AML regulators and law enforcement authorities on AML relevant matters.
What we will offer you:
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
You can expect
Competitive Salary and non-contributory pension
20 days annual leave plus generous number of public holidays
Life Assurance and Private Healthcare for you and your family
A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives
The opportunity to support a wide ranging CSR program plus take volunteering leave days.
Your key responsibilities:
The AMLO has unrestricted access to all information, data, records and systems in the Bank he/she deems necessary to fulfil its function.
Having a reporting line up to the HK IPB Business Line AFC (BLAFC) team Head, who reports into APAC IPB BLAFC Head. Ensuring appropriate reporting and escalation of issues and/or incidents to the HK IPB BLAFC Team Head, MLRO/Local Head of AFC and/or Regional Head of AFC.
Monitoring local regulatory developments and notify relevant changes to the MLRO and Regional Head of AFC
Developing and implementing new policies, procedures and controls in order to address new legislative or regulatory requirements
Discharging the responsibilities of local AML officers as set out under global KYC policies
Providing AFC advice to the IPB businesses including, but not limited to, control oversight, AFC policy & local regulatory requirement, Counter-terrorist and Proliferation Financing advice.
Providing client consultation and risk based escalation channels to the businesses
Reviewing Client Escalations (Incl. High Risk Client Review (NCA, RR & EDR)), and referring escalations to AFC Specialists, as appropriate.
Reviewing Client risk Rating Modification (Override) Requests
Reviewing and approving PEP and PEP Reclassification.
Reviewing, approving and escalating Waivers (Temp/Perm), as appropriate.
Overseeing the follow-up on conditions imposed through approvals
Implementing a log of all consultations/ escalations / Requests for information
Reviewing transaction monitoring alerts, Investigate unusual and/or potentially suspicious cases, and file Suspicious activity report to relevant authority
Reviewing and clearing Name List Screening (NLS) and adverse media screening alerts,
Ensuring that local record keeping processes are in alignment with the AML related legislative, regulatory and internal requirements.
Knowledge sharing of best practices with AFC/AML Officers by involving in regional calls or other forum
Conducting the local AML Risk Assessment.
Recommending and managing client rejection / exit recommended by AFC.
Coordinating responses and input for MI reports requested by Global AFC or the AFC reporting function.
Developing action plans to address risks or control gaps
Developing, delivering and overseeing AML training for the Business as required
Providing or assisting the provision of training on local regulatory requirements and internal policies, along with producing training materials.
Assist in the fulfillment of local regulatory information requests from HKMA or law enforcement agency, or within regulatory inspections.
Your skills and experience:
Minimum 5 years of experience in AML Advisory Compliance in Private banking/Wealth Management
Ability to read Chinese is essential to review documentations in Chinese
Knowledge of wealth management product is an advantage
Relevant AML or related certifications (AAMLP/CAMLP, CAMS, ICA etc.)
Excellent technical AML knowledge skills and experience, and demonstrated hands-on experience
How we’ll support you:
Flexible working to assist you balance your personal priorities
Coaching and support from experts in your team
A culture of continuous learning to aid progression
A range of flexible benefits that you can tailor to suit your needs
Training and development to help you excel in your career
About us and our teams:
Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.
Deutsche Bank & Diversity
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
