Job Description:
Details of the Division and Team:
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.
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:
Flexible benefits plan including virtual doctor consultation services
Comprehensive leave benefits
Gender Neutral Parental Leave
Flexible working arrangements
25 days of annual paid leave, plus public holiday & Flexible Working Arrangement
Your key responsibilities:
Assist in the continued implementation of the applicable Group and divisional Policies on AML/CFT and KYC, and maintenance of Singapore AFC policies and procedures.
Advising on and ensuring the implementation of applicable Group AML / CTF Policies and local regulatory requirement to CB/IB Business.
Participating in the assessment and gap analysis of relevant internal policies and procedures, with relevant local regulatory obligations and DB Group standards, in order to ensure local AML regulatory requirements are reflected in the local policies.
Monitoring local regulatory AML/CTF and sanctions developments and notifying relevant changes and specifications to the MLRO and/or Team Lead.
Assist in the Suspicious Transaction Reporting process to assess Unusual and/or Potentially Suspicious activity from AML Transaction Monitoring alerts and other sources and ensure suspicious transactions in Singapore are reported to the authorities in compliance with applicable rules.
Ensuring appropriate reporting and escalation of issues and/or incidents to the MLRO and / or Team Lead.
Assist in the review of outsourced AML services for Singapore.
Review Client escalations and provide AML regulatory advice on higher risk KYC files, including assessing and approving KYC waiver requests as appropriate.
Conducting the local AML Risk Assessment in the country.
Providing or assisting the provision of training on local regulatory requirements and internal policies, along with producing training materials.
Assess and approve third party payment requests.
Assist in preparatory / coordination matters for audit or regulatory submission.
Ensure proper documentation and record keeping in accordance with the applicable standards.
Contributing to DB AML Function as a whole by sharing knowledge and best practices with AFC/AML Officers of the other Businesses and entities by involving in regional calls or other forum.
Discharging the responsibilities of local AML officers as set out under global KYC policies for the division that the AMLO is responsible for.
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.
Your skills and experience:
Minimum 5 years of experience in AML Advisory Compliance
Proven experience and knowledge of local Singapore AML / CTF regulatory requirements
Proven experience in AML advisory within a Corporate or Investment Banking
Working experience in AML advisory and demonstrated hands-on experience in AML and having good technical AML knowledge.
Strong analytical skills, interpersonal and influencing skills.
Ability to work under tight datelines, make decisions, work well as part of a team and independently.
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
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
