Anti-Financial Crime - AFC Quality Assurance Lead, APAC - Vice President

  • Competitive
  • Singapore
  • Permanent, Full time
  • Deutsche Bank APAC
  • 16 Nov 18

Anti-Financial Crime - AFC Quality Assurance Lead, APAC - Vice President

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.

AFC's Mission is:

  • To be a trusted and respected independent control function that aims to protect the bank from financial crime risk.
  • To establish a proactive framework to prevent, detect, investigate and report bank-wide financial crime risk events

Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Embargo & Sanctions, Anti-Bribery and Corruption (ABC), Anti-Fraud and Investigations (AFI) and Financial Crimes, collectively referred to as Anti-Financial Crime Compliance (AFC). The Management and all employees are required to adhere to these standards to protect DB and our reputation from those who intend to use our products and services for money laundering, bribery, corruption, fraud and/or terrorist financing purposes.

As the APAC AFC Quality Assurance (QA) Coordinator you will reports into the Regional Risk & Control lead. You will lead in the design and implementation of a globally consistent 2LoD QA capability for assuring that AFC controls are robust and correctly executed across the bank.

Position Overview

Key responsibilities:
  • Hire, train and manage a quality assurance team for the region, possibly out of India (DBOI)
  • Working in coordination with the Risk & Control and Global AFC QA teams in hub locations, who will be responsible for the overall coordination of the AFC Quality Assurance program
  • Assume the lead in creating QA plans for areas of identified potential AFC risk. The initial focus will be on KYC, followed by Transaction Monitoring
  • Obtain access to appropriate business records. This may, from time to time, require travel to the business office in which a physical file or record is maintained
  • Conduct reviews and assessments of the business records in line with the QA plan
  • Liaise directly with AML Advisory Compliance, business and operations staff including CLM(Client on-boarding) QA in the completion of this work
  • Prepare reports for submission to the Risk & Control and Global AFC QA teams in hub locations detailing the work performed, findings, conclusions and recommendations
  • Compiling reports and trend analysis in preparation for discussion with key Stakeholders from the Business and COO/Operations functions, identifying key issues and areas for improvement including alignment with existing 1LoD functions
  • Assist in refining the QA framework roles and responsibilities between 1LoD and 2LoD functions, leverage and capture existing control activities, MIS and initiatives
  • Provide advice and state of readiness (for regulatory audits) to the business on the design and implementation of appropriate 1st LOD controls
  • Support the design and implementation of a suite of appropriate 2nd LOD controls in line with 3LoD methodology and Group requirements
  • Maintain the current QA approach and methodology consistent and up-to-date
  • Keeping abreast of all regulatory developments which may impact the AFC/AML landscape
  • Assist on projects as required

Key skills & experience:
  • Significant experience in financial crime compliance or similar risk and control function
  • Working knowledge of international banking business and products
  • Experience with regulators and managing regulatory examinations
  • Ability to work independently to manage projects and deliverables to completion
  • Experience of working within a multinational organisation(s)
  • Good understanding and application of relevant global AFC regulation and legislation, esp. AML & KYC (including but not limited to Singapore MAS and Hong Kong HKMA standards)
  • Understanding of AFC/AML regulatory expectations in Germany, the UK and the US
  • Demonstrable experience delivering change in global cross-functional initiatives (Business, Operations, Technology)
  • An enthusiastic team player; able to build strong, open dialogue-based relationships with relevant Stakeholders
  • Action oriented with a strong focus on completing tasks accurately and efficiently whilst working independently and with minimum direction
  • Able to take a pro-active approach to tasks and responsibilities
  • Computer literate and conversant with Excel, Word and PowerPoint
  • Able to travel to the location where the QA team is located (likely 30-40% in the initial stages of the role)

Deutsche Bank offers a challenging and rewarding career where your contribution is valued and rewarded. We have an inclusive and friendly working environment coupled with excellent facilities and benefits.

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.