Regulation, Compliance & Anti-Financial Crime
Regulation, Compliance and Anti-Financial Crime (AFC) protects the integrity and reputation of Company. 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.
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.
Company is committed to the highest standards of control in the areas of Anti-Money Laundering (AML), Sanctions & Embargoes (S&E), Anti-Bribery and Corruption (ABC) and Anti-Fraud (collectively referred to as Anti-Financial Crime). The Management and all employees are required to adhere to these standards to protect Company 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 purposes.
AFC serves to ensure that Company acts with integrity and discipline with regard to the legal and regulatory requirements of the AML regime. One of its objectives is the reduction of financial crime as a result of being used for money laundering or terrorist financing and having sufficient systems and controls to prevent this.
AFC’s Vision and Mission:
- AFC vision is to ‘Proactively protect our clients, our Bank, and our society from financial crime risk
- AFC mission is to ‘Continually enhance an effective, efficient and sustainable financial crime control framework
The Sanctions Advisor provides legal support and advice for business and infrastructure functions on compliance with Sanctions and Embargoes regulations and respective policies. The Sanctions Advisor reports to the Regional Head of Sanctions & Embargoes who reports to the Global Head of Sanctions & Embargoes.
- Support the Regional Head of Sanctions & Embargoes in protecting DB from legal, regulatory and reputational risk with regard to business involving sanctioned entities and/or countries
- Provide guidance regarding embargo-related questions and issues; thereby supporting the business to establish organizational and controlling structures suitable to carry out intended transactions in well-defined compliance environment
- Continuously monitor the regulatory situation in the region
- Support in the translation of external developments of the legal situation into potential policy adjustments for the Bank
- Ensure diligent review of transaction-related requests and decide on these in full compliance with all applicable Sanctions regulations as well as the Bank’s policies and procedures
- Escalate to the Global Head of Sanctions as required
- Oversee and support Sanctions-related aspects in deal team activities, including provisioning of legal clauses and effective representations
- Review/decide on the adoption of new clients/ review of existing clients that are referred to the Regional Head of Sanctions. Escalate to the global level as required
- Support in the derivation of training needs from the external and internal policy development – where appropriate conduct own trainings or similar awareness measures
- Support sanctions-relevant reporting obligations involving countries in the region to the competent authorities
- Handle and respond to inquiries from regulatory authorities as well as internal or external auditors and business lines regarding embargo and sanctions observance
- Report any risk relating to the duties and responsibilities described hereunder and any event or incident that is capable of creating or constituting such a risk to the Global Head of Sanctions
You will have:
- Bachelor’s Degree or equivalent; JD or MBA is a plus
- Experience in financial services or similar industry in compliance, legal or project management function, working with policies and procedures, group governance and/or organizational management
- Excellent written communication & presentation skills
- Ability to work across geographic & cultural boundaries to achieve organizational goals & objectives
- Strong project management or evident ability to influence management and adhere to deadlines
- Strength in U.S. economic sanctions regulations
- Ability to deliver timely and quality execution in a fast-paced and high-pressured environment
- Flexibility to work extended hours to meet deadlines, when necessary
- Ability to act decisively and manage multiple projects simultaneously
You will be:
- Ability to prioritize requirements to achieve regulatory or audit requirements
- Strong, independent self-starter & problem solver
- Collaborative team player
Detail oriented and organized, as well as proactive in follow up on pending deliverables