Deputy Compliance Officer And MLRO

Job description / Role

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 assessments.

In 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 holidays and flexible working arrangement
• Defined benefit 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 principles
  • General compliance with the relevant laws, rules, regulations, directives and Group standards
  • The prevention and escalation of issues, incidents and breaches relating to compliance
  • Cross-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 findings 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 raise concerns in relation to suspected improper or illegal activities
• Act as a contact point for SAMA and represent Deutsche Bank Riyadh in various regulatory committees along with other banks in Saudi Arabia

AFC:

• Advise on and ensure implementation of AFC policies and procedures, whereas involvement in ABC and AFI policies depends on the availability of headcount in the location; if none, this will be assisted by the respective regional team
• Advise on the impact of new AFC related internal and external rules and ensure that local guidelines and procedures are in line with regulatory requirements
• Assess the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and Deutsche Bank Group standards
• Report and liaise with Country Head to ensure appropriate reporting and escalation
• Help develop and maintain the AFC related Internal Control Framework
• Comply 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 required controls are in place

AF&I: Assisting the Country Head with respect to 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 promote AFC's responsibility for ABC in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional ABC teams

Accountabilities (takes ultimate decisions)

• Regulatory:
  • Provide ongoing and/or ad-hoc regulatory advice
  • Provide advice in relation to regulatory submissions to CMA and contribute to such submissions when private banking matters are concerned

Responsibilities (takes decisions within a provided framework)

• Together with the Head of Compliance & AFC manage key stakeholder requirements and requests
• Deliver advisory to the business and stakeholders as required

Leadership responsibilities

• Ability to work in virtual, global teams in a matrix organisation, transfer knowledge and develop capability of team members

General leadership responsibilities

• Adhere to and promote the company values and ethical framework
• Create an open and inclusive culture where other team members are encouraged to offer and challenge ideas and practices

Your skills and experience

• Relevant AML / Compliance qualification from an internationally recognized body (such as ACAMS, ICA or local KSA equivalent)
• At least 3-5 years' experience within AML/KYC/Compliance domains within a KSA regulated bank (SAMA) or financial institution (CMA). CMA experience is preferred
• Strong knowledge of the CMA relevant AML, CFT, CMA regulatory rulebooks
• The ability to build constructive partnerships with diverse stakeholders and challenge where required
• Fluency in English and Arabic
• KSA national
• Should be assertive, analytical, organized and flexible
• Strong organization and prioritization skills, profound decision-making skills
• Strong analytical skills and solution-oriented problem solving
• Strong interpersonal skills, excellent communication skills and ability to work in virtual global teams and a matrix organization

How we'll support you

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network.

Deutsche Bank & diversity

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.

With that, we extend a warm welcome to candidates with disabilities to apply.

Our bank is committed to ensuring equal opportunities and will facilitate a productive and harmonious work environment for all.

We encourage talented individuals seeking a professional setting that values and accommodates diverse capabilities to submit their applications and be part of our shared commitment to fostering inclusiveness.

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, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.