Anti-Financial Crime - Anti-Money Laundering Officer, VP

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 DBs 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 India. 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. VP- AML is also responsible for the identification, assessment, advisory, monitoring, and control and reporting on the AML/CTF laws, rules and standards relevant to the DB activities in India. The candidate 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. Candidates also assists the MLRO in responding are queries from the local AML regulators and law enforcement authorities on AML relevant matters and acts as deputy MLRO.

Your key responsibilities

• VP-AML has a reporting line up to the MLRO. Ensures appropriate reporting and escalation of issues and/or incidents to the MLRO and / or Local Head of AFC.
• This profile has unrestricted access to all information, data, records and systems in the Bank you deems necessary to fulfil its function.
• Advises on and ensures implementation of applicable Group AML / CTF Policies and local regulatory requirement to CIB/GM Business.
• Participates in the assessment of the conformity of relevant internal policies and procedures, systems and controls with relevant local regulatory obligations and DB Group standards, in order to ensure local AML regulatory requirements are reflected in the local KOPs.
• Monitors local regulatory AML, CTF and sanctions developments and notifies relevant changes and specifications to the MLRO and/or Local /Regional Head of AFC.
• Investigates Unusual and/or Potentially Suspicious and ensures timely escalation to the MLROs of unusual and/or suspicious transactions or activities for reporting to the competent authorities in compliance with applicable rules
• Assists the MLRO to maintain procedures and systems, and to prepare appropriate MIS to ensure that Unusual and/or Potentially Suspicious Transactions are reported, in compliance with applicable rules.
• Providing regulatory guidance and advice on new or existing clients that are escalated, or decides to escalate further.
• Has oversight on the tracking and following-up on the conditions that have been imposed as part of the KYC approval. Obtaining relevant MIS from the business or appropriate parties on status of regular reviews.
• Has authority to sign off in the New Product Approval and Vendor Risk Management process where appropriate and relevant to AML.
• Coordinates responses and input for MI reports requested by Global AFC or the AFC reporting function.
• Discharges the responsibilities of local AML officers as set out under global KYC policies for the division that the AMLO is responsible for.
• Delivers local AML training when specific needs are identified in order to maintain staff awareness culture.
• Ensures that local record keeping processes are in alignment with the AML related legislative, regulatory and internal requirements.
• Ensures on annual basis that Employee Reliability Requirements are met if there is any local deviation.
• 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

Your skills and experience

• Minimum 10-15 years of experience in AML Advisory Compliance in Corporate and investment banking or WM or financial institution
• Knowledge of trade finance product or experience in trade based money laundering advisory is an advantage