Senior MLRO & Deputy Compliance Officer – Associate​/AVP

Job Description:

Details of the Division and Team:

The MLRO and Deputy Compliance Officer is responsible for providing support to the business advisory team in their engagement with relevant business and/or infrastructure areas. They typically have daily interaction with key stakeholders and have a regional and/or country coverage. Where provision of advice is required, advice includes level 1 control advice and assisting with conducting level 2 controls and risk  addition, the MLRO and Deputy Compliance supports the maintenance of relationships with other relevant areas of the function and/or works directly with subject matter experts and other teams from across the function.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

Life Insurance Accidental Death Insurance Permanent Partial Disability Insurance Private Medical Insurance for you, your spouse and dependent children

Flexible working arrangements
30 days of annual paid leave, plus public holiday & Flexible Working Arrangement

DB contributions to Employee Workplace Savings "Gosi" plan (for Saudi nationals only)
Your key responsibilities:

Compliance:

Support senior management and employees of Deutsche Bank in understanding and managing:the application of Deutsche Bank’s ethical standards and professional principlesgeneral compliance with the relevant laws, rules, regulations, directives and Group standardsthe prevention and escalation of issues, incidents and breaches relating to Compliancecross-border compliance related matters

Ensure implementation and maintenance of adequate compliance policies and procedures

Report regularly to the relevant Deutsche Bank Country Operating Committee branch, Compliance Committee and Regulatory Authorities on Compliance matters

Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risk issues and breaches, for example, conducting risk assessments

Monitor and test compliance with regulatory requirements and internal controls in accordance with agreed policy and methodology; report and manage any finding or issues, and support management in identifying remedial action plans

Provide compliance support to relevant projects and new products by ensuring adherence to related standards, mitigation of associated risks

Support in Compliance awareness initiatives

Act as a direct contact point for local staff to confidentially concerns in relation to when improper or illegal activities are suspected

Act as a contact point for SAMA and represent DB Riyadh in various regulatory committees along with other banks in Saudi Arabia

AFC:

Advising on and ensuring implementation of AFC policies and procedures whereas involvement in ABC and AFI policies depends on the availability of headcount in the location and if none, this will be assisted by the respective regional team.

Advising on the impact of new AFC related internal and external rules and ensuring that local guidelines and procedures are in line with the regulatory requirements.

Assessing the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and DB Group standards.

Reporting and liaising with Country Head to ensure appropriate reporting and escalation.

Helping in developing and maintaining the AFC related Internal Control Framework.

Complying with the requirements set by the AFC Global Controls Programme.

AML:
Transaction Monitoring, STR Handling and Reporting, KYC (EDD, periodic reviews, QA)
Sanctions:
Monitoring local regulatory sanctions developments and notifying relevant changes and specifications and ensuring that the required controls are in place

AF&I:
Assisting the Country Head with respect to the responsibility for anti-fraud in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional AFI teams.

ABC:
Helping in promoting AFC’s responsibility for ABC in…