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

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Deutsche Bank

Jan 12, 2025

Applications are closed

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • Mumbai

Requirements

  • 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

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

FAQs

What is the job title for this position?

The job title for this position is Anti-Financial Crime - Anti-Money Laundering Officer, Vice President.

Where is the job location?

The job location is Mumbai, India.

What are the main responsibilities of the AML Officer?

The main responsibilities include advising on and implementing AML/CTF policies, monitoring regulatory developments, investigating suspicious transactions, and providing regulatory guidance on client escalations.

How many years of experience are required for this position?

A minimum of 10-15 years of experience in AML Advisory Compliance in corporate and investment banking, wealth management, or a financial institution is required.

What benefits does Deutsche Bank offer for this position?

Benefits include a best-in-class leave policy, gender-neutral parental leaves, reimbursement under childcare assistance, industry certification sponsorship, hospitalization insurance, life insurance, and complementary health screenings.

Is there a requirement for local compliance with regulatory obligations?

Yes, the role requires ensuring that local regulatory AML, CTF, and sanctions developments are incorporated and that the internal policies comply with local requirements.

Will I have the opportunity to participate in training and development?

Yes, the company offers training and development to help you excel in your career.

Can the AML Officer assist with responding to regulators and law enforcement?

Yes, the AML Officer assists the Money Laundering Reporting Officer (MLRO) in responding to queries from local AML regulators and law enforcement authorities.

What does the employee assistance program offer?

The Employee Assistance Program offers support for employees and their family members.

Is experience in trade finance advantageous for this position?

Yes, knowledge of trade finance products or experience in trade-based money laundering advisory is considered an advantage for this role.

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Deutsche Bank

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background.

Benefits

  • Home office flexible work time

    We support flexible working, whether that’s working from home, flexible working hours or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.

  • Annual leave & more

    Employees are entitled to generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.

  • Support & Counselling

    Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare or social care for the elderly.

  • Health insurance

    You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.

  • Sick pay

    Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.

  • Pension

    We understand that pensions can be a dry topic; however here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and all the flexibility you need.