Job Description:

Department

Deutsche Bank (DB) 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 DB 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.

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

Overview

The Deputy Regional Head reports into the Regional Head of AFC, supporting him/her in the design, content and implementation of the bank's AFC programme in the region, managing issues and resources and deputising for the Regional Head in legal, regulatory, corporate governance and management matters. This responsibility extends to countries, branches, subsidiaries and other dependent companies/legal entities within the region for DB Group.

The Deputy Regional Head will act as Deputy MRLO, and support on the execution of the AFC programme in the region in accordance with regulatory responsibilities/local regulations and the Bank's global strategies, and act as a key point of contact for relevant regulators. The Deputy Regional Head will also oversee the development and execution of regional AFC objectives, plans and policies, and is accountable for continuous improvement efforts (including controlled budget planning, internal and external stakeholder management, alignment to DB risk management and compliance/regulatory requirements). The role also includes collecting and disseminating information to local AFC leads, and acting as Regional Head in the Regional Head's absence.

Utilizing the tools developed bank wide, the Deputy Regional Head will also need to work closely with Global Functional Heads, Regional teams and support functions within that Bank's matrix management.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration.
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift and volunteer programs
• The salary range for the position in New York City is $400,000 to $600,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.

What You’ll Do

• Work with the Regional Head on coordinating and supervising day-to-day activities of the regional AFC department, formulating regional overlay to global plans and executing regional activities of global and local requirements
• Deputise for the Regional Head at meetings and on committees (during vacation/absence by Regional Head or as delegated), including role as Deputy MRLO
• General Governance, making sure that the regional AFC team tracks and delivers against the global AFC program - setting agendas for team/leadership meetings; coordinating issue management; leading on audit engagements and regulatory requests for information; coordination across the department; tracking regulatory reporting; providing leadership on implementation of forthcoming legal and regulatory changes and allocating resources to the appropriate areas/teams; managing legal entity oversight across the region
• In conjunction with Regional Head/Global Function Heads, ensure that policies and procedures, systems, controls, and all legislative/regulatory requirements are implemented effectively in the region, and that revisions to global policies receive appropriate local assessment and are reflected in regional policies/procedures as needed
• Provide subject matter expertise (SME) and act as regional liaison for Change projects, ensuring that appropriate regional staff are involved at the right time and staffing is planned accordingly
• Manage effective resourcing and capacity deployment across region to mitigate high-level risk maintaining appropriate capacity including updates due to new initiatives; working with Business Management to oversee hiring of appropriate staff; preparing team training and development plan for up-skilling (based on assessing requirements, arranging necessary internal and external courses); fostering an appropriate compliance culture
• Oversee provision of training to business lines, in coordination with AFC training leads
• Drive process improvement and change management across the region; oversee key projects as required
• Oversee annual MLRO report preparation - responsible for ensuring timely completion and quality
• Coordinate presentation of regular/ad hoc information for AFC ExCo or other committees as required, ensuring such fit for purpose, accurate and contains adequate explanation of anomalies/exceptions
• Coordinate and review monthly regional AFC Management Information and report for Regional Head on key risks, emerging trends, and issues for escalation, with appropriate qualitative and quantitative analysis
• Work with Business Intelligence Unit and Global Head of Investigations to ensure appropriate themes/risks are assessed, and thematic reviews are completed as appropriate
• Partner with senior AFC Management teams across region to maintain a strong AFC risk framework; act as liaison between local AFC Officers and Global/Regional AFC in coordination with AFC Global, Functional and Regional Heads
• Act as senior escalation point for KYC matters, Sanction and Embargoes escalations, NPA escalations, and any other areas of dispute before further escalation to Regional Heads/ Global Function Heads/Global Head of AFC (as required)
• Ensure that any ML/TF/FC risks are appropriately addressed and mitigated
• Inform Regional Head of significant matters within the region/function in a timely fashion
• Comply with requirements set by Regional AFC Controls Programme, including testing of local AFC controls and receipt of reporting data
• In conjunction with the Regional Head of AFC:
  • Implement an effective and efficient regional AFC programme in line with global standards
  • Define the strategy for the regional AFC department, ensuring adherence to DB policies and local requirements as required and preparing annual regional AFC Plan - responsible for drafting and regular monitoring of objectives, setting milestones, and providing input to Global AFC Plan
  • Represent Group AFC at senior regional level, representing second point of contact for local regulatory/regional management relationships within region for AFC, and attending relevant business line committees with Advisory staff where additional senior representation is required
  • Coordinate with Global and Support Function Heads/their teams in execution of the regional AFC programme
  • Provide guidance and mentoring to regional AFC employees, and supporting the Regional Head on people management in the region
  • Responsible for direct oversight of the non-hub regional locations, including visits as necessary

How You’ll Lead

• Excellent at advising senior management, with a high level of executive presence/knowledge and stature to deliver advice that will be respected and valued by business unit leaders, corporate leaders and other constituencies
• Excellent at influencing broadly across the organization, with the highest level of integrity and the ability to balance commercial objectives with the exercise of independent and prudent judgment
• Experienced in managing and collaborating with others and directing work efforts to achieve objectives efficiently and effectively

Skills You’ll Need

• A strong track record in risk and regulatory matters, ideally including:
  • Solid understanding of AML/AFC risks and typologies in order to identify areas or instances of potential AML/AFC risks and to address them appropriately
  • Prior experience of acting as regulatory liaison with regards to AML/AFC matters
  • Any other experience required under the various appropriate regulations/laws and related circulars FRB, DOJ, DFS.
  • Knowledge of relevant guidance of FATF
• Ideally held a similar senior position with extensive experience in AML, compliance or a control related function within an international organization/bank in the Financial Services industry, or held AML Officer role within a smaller organization
• Significant experience within an Investment bank in the Financial Services industry
• Should be considered a Subject Matter Expert (SME) in the Financial Crime area on relevant laws and regulation

Skills That Will Help You Excel

• Able to absorb issues arising from a wide span of control and demonstrate sound judgment
• Excellent at managing people and relationships
• Excellent at advising senior management with great skill, with a high level of executive presence, knowledge and stature to provide advice that will be respected and valued by business unit leaders, corporate leaders and other constituencies
• Strong at influencing thinking and behaviors broadly across the organization, with the highest level of integrity and the ability to balance commercial objectives with the exercise of independent and prudent judgment
• Able to raise sensitive or potentially contentious issues in a constructive manner to reach appropriate solutions
• Excellent at setting clear objectives and driving for results, for example facilitating the creation of processes, systems, and disciplines that embed behaviors in the organization that ensure compliance
• Able to identify issues and solutions or opportunities, as well as to build efficacy in compliance programs
• Able to motivate employees, building teams and fostering relationships that engender a sense of shared objectives and accountability. The ability to recruit, develop, and retain team members while operating successfully in a matrix environment is critical

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.