Compliance - Country AML / KYC Remediation Specialist - Associate/AVP

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Deutsche Bank APAC
  • 01 Oct 16

Compliance - Country AML / KYC Remediation Specialist - Associate/AVP

At Deutsche Bank, good compliance is everybody's responsibility. The Compliance department's core functions support good compliance practice to prevent and detect violations of all applicable laws, rules and principles that observe high standards of individual behaviour and business conduct.

Working closely with the business, compliance professionals ensure that our risk based programme is both globally effective and locally anchored to our key divisional businesses. As an independent and robust second level control function, the Compliance 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.

Position Overview

Overall Purpose of the Deutsche Bank AFC Function:
Deutsche Bank (DB) is committed to the highest standards of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud & Investigations (AF&I) and wider Financial Crime (collectively referred to as Anti Financial Crime) prevention. The Management and all employees are required to adhere to these standards to prevent DB and our reputation from those who may intend to use our products and services for money laundering, bribery, corruption, fraud and/or Terrorist Financing (TF) purposes.

DB Group will examine its Anti-Financial Crime (AFC) strategies, goals and objectives on an ongoing basis and maintain an effective program for DB's business that reflects the best practices for a diversified, global financial services provider. The AML team sits within the AFC function.

Overall Purpose of the AML Support Officer Role:
The Role is responsible for the AML / KYC advisory for the CIB and GM businesses in the jurisdiction. This ensures that all relevant AML/ KYC DB group policies, procedures, as well as the local regulatory requirements are met and any AML/CTF-related risks are appropriately addressed and mitigated during onboarding and periodic review of clients. The role is the direct point of contact for DB staff in AML / KYC matters, in particular in terms of AML/KYC related regulatory guidance.

Main Responsibilities and powers (non exhaustive):

  • The KYC Remediation Specialist has unrestricted access to all information, data, records and systems in the Bank he/she deems necessary to fulfil its function.
  • Providing regulatory guidance and advice on new or existing clients that are escalated, or decide to escalate further.
  • Ensuring the AML/KYC policies and procedures and local regulatory requirements are being adhered to during adoption of client and periodic review.
  • Assisting the HK AMLOs to ensuring the local implementation of any country, regional or global AFC projects and programs in conjunction with the relevant regional leads, in particular on the KYC remediation work.
  • Contributing to DB AML Function as a whole by sharing knowledge and best practices with AFC/AML Officers of the other Businesses and entities and other AMLOs / AFCOs, in particular during the remediation project.
  • Helping coordination of local AML training if any training needs are identified during the remediation work.
  • Having oversight on the tracking and following-up on the conditions that have been imposed as part of the KYC approval.
  • Following-up with the Business on status of Regular Reviews and obtain relevant MIS from the Business.
  • Discharging the responsibilities of AML as set out under global KYC policies for divisions present in the jurisdiction.
  • Reporting and liaising with HK MLROs to ensure appropriate reporting and escalation of issues and/or incidents.
  • Ensuring that local record keeping processes are in alignment with the AML related legislative, regulatory and internal requirements.
  • Coordinating responses and input for MI reports requested by Global AFC or the AFC reporting function.

Job Requirements

Essential Skills:
  • Excellent technical AML and/or KYC knowledge skills and experience, and demonstrated hands-on experience
  • Understanding one or more of the business areas of investment banking, corporate banking and trade finance and risk profile of each category.
  • Strong analytical skills
  • Strong interpersonal and influencing skills
  • Customer service orientation
  • Attention to detail
  • Performance orientation
  • Teamwork and communication
  • Ability to work independently and prioritize tasks under pressure

Education / Qualifications Required:
  • Degree qualified
  • Relevant AML or related certifications (desirable)
  • (CAMS, CFE, IntDipAML)

Personal Attributes / Background / Work Experience Required:
  • 4+ years relevant experience (for AVP level)
  • Work experience in a regulator or financial institution

Language Required:
  • Native spoken and written Chinese
  • Excellent proficiency in spoken and written English
  • Proficiency in other Asian language(s) advantageous

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.