Private Bank - Financial Crime, Sanctions and Tax Center of Competency Lead - ref. j45565003
Job Description:
Details of the Division and Team:
To lead one of the Center of Competency for key non-financial risks for Private Banking Emerging Markets, with a focus on Financial Crime (Anti-Money Laundering (AML), Know your client (KYC), Fraud prevention), Sanctions, Anti-Bribery and Corruption and Tax Integrity risks.This role ensures robust governance, advisory, and oversight across these critical risk domains, client services delivered in compliance with global and local regulatory expectations whilst supporting sustainable and compliant growth of the Private Banking business.
The role requires the candidate to spearhead the function together with the line manager for the EM business with Front Office presence across Singapore, Hong Kong, UAE, Kingdom of Saudi Arabia, India. The candidate will be required to steer appropriate outcomes, partner closely with key internal and external business partners as well as transformation team to ensure effective communication of risk management and tool enhancements / process improvements.
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:
Risk Framework & Governance- Develop and maintain regional frameworks, procedures and controls, in alignment with group and divisional policies across the relevant risk domains
- Ensure alignment with MAS, HKMA, DIFC, FATF, OFAC, EU, and other relevant regulatory frameworks
- Ownership and proactive management of risk areas including relevant impact analysis of updated or new Policies and Procedures
- Lead key meetings and governance forums covering relevant risk areas where issues are reported and escalated to stakeholders.
- Be trusted advisor and provide expert guidance to front office, partnering closely with compliance / 2LoD and Central PB owners as well as support the design and implementation of strategies, change-the-bank projects on tools and platform / process enhancements to ensure continuous improvements, partnering with relevant agile / technology colleagues for delivery for these risk areas:
- AML/CFT and sanctions screening including for complex client structures
- Fraud prevention and detection strategies
- Tax transparency (CRS, FATCA) and client declarations
- Monitor (and develop where required) Key Risk Indicators (KRIs) and Key Control Indicators (KCIs) across all domains, share results with appropriate stakeholders
- Oversee effectiveness of systems supporting the relevant processes and controls
- Lead targeted training programs for relationship managers, investment advisors, and onboarding teams.
- Promote a culture of ethical conduct, transparency, and client-centric risk management.
- Work with local stakeholders to support interface with local regulators / tax authority / auditors on inspections and inquiries.
Your skills and experience:
- Minimum 10 years’ experience in financial crime compliance, conduct risk, or operational risk in Private Banking.
- Has knowledge of MAS, HKMA regulations, FATF standards, FATCA/ AEI tax transparency etc
- Has knowledge of private banking client profiles and risk typologies
- Has analytical, problem-solving and investigative skills / mindset, detail-oriented and willing to challenge the status-quo
- Familiarity with risk management tools, e.g. transaction monitoring, sanctions screening systems etc
- Strategic risk thinking with execution capability
- Has team management experience and is able to multi-task effectively in a matrix environment, appreciate diversity and follow through assignments within tight schedule
- Develop and maintain regional frameworks, procedures and controls for the risk areas
- Experience in process and project management
- Excellent communication and stakeholder management and influence
- Excellent interpersonal skills and the ability to manage relationships with all levels
- Has client focus and ability to partner with various internal groups
- Display sense of ownership, responsibility and sense of urgency
- Drives results through leadership, people, communication and influence
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.
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.