Business Line Anti-Financial Crime - Global Markets Associate
Company: Deutsche Bank
Posted on: November 10, 2018
Business Line Anti-Financial Crime - Global Markets Associate Job ID: 3181969 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2018-11-05 Location: Jacksonville, United States of America Regulation, Compliance & Anti-Financial Crime Regulation, Compliance and Anti-Financial Crime (AFC) protects the integrity and reputation of Deutsche Bank. It manages the Bank's risks and help to avert unintentional rule breaches and conflicts of interest. At the same time, we also advise the bank on ethical conduct and governance issues and keep the bank up to date on regulatory and political challenges. Position Overview Job Title: Business Line Anti-Financial Crime - Global Markets Associate Corporate Title: Associate Location: Jacksonville, FL About Deutsche Bank We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients. Department Deutsche Bank is committed to the highest standards of control in the areas of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud (collectively referred to as Anti-Financial Crime). All employees are required to adhere to these standards to protect Deutsche Bank and our reputation from those who may intend to use our products and services for illegal purposes including, but not necessarily limited to, money laundering, bribery, corruption, fraud and/or Terrorist Financing. Business Line AFC is responsible for Deutsche Bank's overall Anti-Money Laundering Program, including oversight of the New Client Adoption ("NCA") and Know Your Customer ("KYC") processes. The Anti-Money Laundering Compliance Officer ("AMLCO") position will handle the KYC process for High Risk clients, with a specific focus on Regular (aka Periodic) KYC Reviews, Event Driven Reviews and remediation of KYC files for all businesses within Corporate Investment Banking Platform: Global Markets and Corporate Finance. The purpose of the Business Line AFC team is to ensure the completion that the New Client Adoption (NCA) process and ongoing review of existing clients. In addition, the team will conduct targeted reviews of selected business groups, functions or processes within or supporting the Corporate Investment Banking's risk management efforts. Tasked in the second-line of defense Business Line AFC are at all times reviewing consultations in accordance with the legal and regulatory Anti-Money Laundering framework within the Americas and to escalate issues of concern to AML Management in a timely manner. This includes the manual escalations from multiple areas such as the Business Intelligence Unit (BIU), Anti-Bribery & Corruption Team (ABC), Client Onboarding, the Business and any Unusual Activity Reports. Overview As part of the team, your main focus is working closely with the business, the on-boarding team and compliance professionals to ensure that our risk based program is both globally effective and locally anchored to our key divisional businesses. As an independent and robust second level control function, the AFC Department seeks to manage compliance risk and deepen the culture of compliance at Deutsche Bank through the development and management of strategies that are sustainable and increases the trust of our clients. This role reports into the Divisional Business Line AFC Team Manager(s) for Global Markets and is based in Jacksonville, FL. Key Responsibilities:* Conducting Event Driven Reviews ("EDRs") for all GM/CF client accounts that are referred to AML Compliance by the Client Onboarding function* The EDRs will involve review of the KYC files completed by the COB function to determine if updates are needed* The EDRs will also involve the clearance, investigation and further escalation of various high-risk triggers such as PEPs, negative media hits, high-risk geography, and other factors based on research due diligence* Conducting Enhanced Due Diligence ("EDD") and Regular Reviews for various products/business lines on all new and existing high risk accounts* Performing QA testing of KYC files, documenting any deficiencies/findings, and discussing these deficiencies/findings with AML Compliance Management; identified during QA testing* Reviewing/enhancing/implementing AML policies and procedures taking into consideration minimum standards set by Global, Division and Local KYC Policies and Procedures* Providing guidance and responding to queries from various internal groups (including the Front Office, the Middle Office, Client Onboarding, Legal, Advisory Compliance, etc.) relating to complex AML issues* Facilitating the review of the overall AML Compliance program including risk analysis, periodic high risk account reviews, quality assurance reviews, and provide data on key performance indicators* Providing support in coordinating/responding for requests for information for Internal Audit, Regulators and Law Enforcement as part of audits, examinations and investigations* Keeping aware of new rules, regulations and reputational risks to develop implement and revise current policies and procedures* Maintaining a thorough and current understanding of the regulatory environment and actively participating in processes both internally and externally to affect change beneficial to the firm* Performing other duties as assigned You will have:* Work experience in the financial, compliance, legal and/or regulatory industry* Minimum of a Bachelor's degree or equivalent work experience* Superior knowledge of relevant AML laws/regulatory requirements, particularly with respect to investment banking and corporate finance* AML Compliance, Legal or Audit experience, particularly in connection with KYC and the Regular Review process* Knowledge of corporate finance, investment banking and institutional broker-dealer (preferred)* Knowledge of financial markets, products & processes* Previous experience in connection with KYC reviews and/or remediation (preferred)* Knowledge of 3rd EU Money Laundering Directive and other FATF AML priorities (preferred)* CAMS Certification (preferred, but not required) You will be:* Must be able to work independently & in a team* Strong analytical skills with an investigative mind-set* Advanced knowledge of MS Access & Excel, including pivot tables, macros, filtering and sorting* Excellent written & verbal communication skills* Strong interpersonal skills, professionalism and teamwork awareness* Detail-oriented with excellent organizational skills* Ability to communicate issues to Senior Management in an effective manner* The ability to work under pressure and within tight deadlines with no loss of accuracy* An understanding of the legal and compliance issues of complex banking organizations* A proactive approach to tasks, responsibilities & problem solving Hear from our people and look inside our office DB@The Muse For candidates applying for positions in the US: Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. 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Keywords: Deutsche Bank, Jacksonville , Business Line Anti-Financial Crime - Global Markets Associate, Accounting, Auditing , Jacksonville, Florida
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