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Business Line Anti-Financial Crime (BLAFC) Specialist - Associate

Company: Deutsche Bank
Location: Jacksonville
Posted on: November 26, 2022

Job Description:

Job Description:

Job Title: Business Line Anti-Financial Crime (BLAFC) Specialist

Corporate Title: Associate

Location: Jacksonville, FL


Deutsche Bank benefits from having a highly experienced and dedicated Anti Financial Crime (AFC) function, which performs a crucial role in keeping Deutsche Banks business operations and global financial services clean from financial crime while serving the interests of the Bank and society.

To combat financial crime effectively and respond to challenges in a flexible manner, AFC has a matrix structure combining regional, business line and global functional coverage in our core areas of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption, Investigations & Intelligence, Monitoring & Screening, and Risk Assessment. Part of our commitment is to strengthen a strong collaboration with all business lines and support functions within our bank.

AFC helps Deutsche Bank generate long-term trust and add value for our clients, staff and society and provide challenging opportunities for you to learn, contribute and benefit from your journey with us. We foster an open and inclusive team culture with the aim to build and maintain a healthy, engaged, and well-supported diverse workforce that is equipped to do their best and enjoy their lives inside and outside the workplace, whilst applying the highest standards of conduct to guarantee Deutsche Banks success in fighting financial crime.

What We Offer You:

  • We offer competitive health and wellness benefits, empowering you to value life in and out of the office
  • Active engagement with the local community through Deutsche Banks specialized employee groups
  • An environment that encourages networking and collaboration across functions and businesses

    Return to Office:

  • It is the Banks expectation that employees hired into this role will work in the Jacksonville office in accordance with the Banks hybrid working model
  • Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion

    Hear from our people and look inside our office: DB@The Muse

    Your Key Responsibilities:

  • Manage & monitor team performance through work allocation/load balancing/work efforts/turnaround times
  • Perform quality reviews/L2 reviews based on triggers and identify any AFC risks or breaches to Know Your Client (KYC) standards
  • Perform reviews and provide decisions through the enhanced due diligence (EDD) processes for US region high-risk & elevated-risk Deutsche Bank client relationships, at various client lifecycle stages (New Client Adoption/Periodic Review/Event Driven Review), in an effective and efficient timeframe
  • Conduct client risk assessments on escalated client files; risk assessments include reviewing and challenging; country, industry, entity, channel, and product risks, including special risk factors such as Politically Exposed Persons (PEPs), adverse media/negative news, complex ownership structures, links to special risk factors, & any other reputational concerns
  • Review and assess appropriateness of temporary & permanent waiver requests relating to alternative verification measures, perform completeness and accuracy validations of client screenings and address potential matches. Document the assessment/disposition of screening results according to procedures and guidance
  • Research/analyze and provide recommended remediation efforts for clients that present AFC risk, advise Business & KYC colleagues on enquiries and issues arising from client onboarding process, and prepare internal referral forms and submit all supporting relevant/related documentation

    Your Skills and Experience:

  • Moderate experience
  • Bachelors Degree or equivalent work experience/qualifications, CAMS Certification (preferred, but not required)
  • Work experience in the financial services industry within AML/CFT/BSA Compliance, Risk Management, Business Controls, KYC, Legal, & Regulatory Functions
  • Knowledge of USA PATRIOT Act, 5th EU Money Laundering Directive, FATF standards, Wolfsberg Group & other regulatory measures (preferred)
  • Working knowledge of Global Investment Banking, Corporate Banking, and/or Private Client businesses, Superior risk management skills and knowledge of relevant local/global AML laws/regulatory requirements

    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.

    Click here to find out more about our diversity and inclusion policy and initiatives.

    We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

Keywords: Deutsche Bank, Jacksonville , Business Line Anti-Financial Crime (BLAFC) Specialist - Associate, Accounting, Auditing , Jacksonville, Florida

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