Head of Compliance & Anti-Financial Crime

Job Description:

Job Title: Head of Compliance & Anti-Financial Crime

Location: Manila

Corporate Title: Vice President

What we’ll offer you

• Competitive Salary
• Attractive Retirement Benefit
• Medical and Life Insurance upon employment
• 20 days Annual Vacation Leaves

Your key responsibilities

• . Responsible for all compliance issues in relation to Deutsche Bank’s Philippines activities by, among others, developing internal compliance policies, and facilitating or assist relevant stakeholders in adhering to regulatory, legal and/or the Group’s requirement through advisory work, monitoring  or training sessions.
• Have a direct reporting line to local management and a functional reporting line to the  Regional Head of Markets and Head of Compliance (Singapore, Philippines, Thailand & Vietnam)
• To keep abreast of new products,  as well as their  implications for respective business areas.  Sign-off in the New Product Approval / New Transaction Approval and Vendor Risk Management process where appropriate.
• Advising on the preparation of documentation for regulatory authorities.
• Country Anti Money Laundering Officer:
  • Responsible for the implementation of the applicable Group Policies on AML, KYC, Sanctions & Embargoes. For the latter  responsibilities, this is detailed in the Group Sanctions Policy.
  • Ensure that local guidelines and procedures are in line with local Anti Money Laundering laws / regulations and the applicable German AML regulation
  • Define within the local jurisdiction relevant policies and procedures.
  • Ensure that local AML regulatory requirements are reflected in the local KOPs
  • Primary point of contact with local AML regulators and law enforcement authorities
  • Responsible for the implementation of adequate monitoring – research /surveillance tool
  • Decide on new or existing clients that are escalated, or decide to escalate further
  • Track and follow up on the conditions that have been imposed as part of the KYC approval (as further defined in divisional KYC policies and procedures)
  • Follow-up with the Business on status of regular reviews/obtain relevant MIS from the Business
  • Develop and maintain procedures and systems to ensure that unusual and suspicious transactions are reported to Group AML (if not explicitly forbidden by local law) and to local authorities in accordance with local law
  • Develop and carry out adequate controls to ensure that all applicable legal and regulatory AML requirements are being adhered to in their jurisdiction,  including those under the Global AML Controls Program.
  • Provide input for Quarterly NCA/KYC Report and reports as requested by Global AML
  • Responsible for the local AML Risk Analysis
  • Responsible for discharging the responsibilities of AML/Compliance as set out under global KYC policies for divisions present in the jurisdiction, and the global desktop procedure “Legal and Regulatory Changes and Comparative Law Analysis”
• Act as the Data Protection Officer (DPO) in accordance to DB Group Data Policy and relevant local data protection legislation.
• Handle other ad hoc Compliance projects,  duties, investigations or as assigned from time to time.

Your skills and experience

• At least ten years of relevant experience
• Knowledge of banking products and services
• Regulatory Compliance and Anti Financial Crime knowledge and experience
• Good command of English both written and spoken

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

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.

Click here to find out more about our diversity and inclusion policy and initiatives

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.