Job Description:Details of the Division and Team:
Compliance and Anti-Financial Crime
As 2nd Line of Defense (LOD) functions, Compliance and AFC seek to protect the licenses of Deutsche Bank to operate by promoting and enforcing adherence with laws, regulations, rules, expectations of regulators, the standards of self-regulatory organizations, and codes of conduct / ethics in connection with the Bank’s regulated activities, and driving a culture of compliance and ethical conduct in the Bank. Compliance and AFC also seeks to provide independent, proactive and forward looking challenge and advice to senior managers as well as all employees.
For effective Compliance risk management, Deutsche Bank and its management must ensure the presence of a Compliance Department that is independent; adequately resourced (quantity and quality), both in human and technological terms; able to freely access senior management and the governing bodies; able to access any necessary corporate resource and information; and be able to escalate issues as necessary.
Deutsche Bank 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.
Group Data Privacy
Group Data Privacy (GDP) is an independent 2nd Line of Defense risk type control function within Legal which defines the risk management framework for data protection and privacy risks. GDP is located in Frankfurt, New York, London, and Berlin and Bangalore organized in a matrix structure with regional Data Protection Officers (DPOs) and Business Partners providing guidance to Business Divisions and Infrastructure Functions. Moreover, GDP manages a global network of local, internal data protection officers and rolled-out a controls framework in order to safeguard Deutsche Bank's integrity and reputation and to ensure the correct processing of personal data entrusted to us.
Your Role
The Country Head of Compliance and AFC - KSA is responsible for the Compliance Advisory activities and the AFC activities (Anti-Money Laundering and Counter Terrorism Financing, Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption (AFB&C)) in the country. The Country Head of Compliance and AFC - KSA is responsible that all relevant policies, procedures, systems and controls are implemented effectively, all relevant legal, regulatory and DB Group requirements are met and any Compliance and AFC-related risks are appropriately addressed and mitigated.
The Country Head of Compliance and AFC - KSA is also responsible for the identification, assessment, advice on, monitoring, control and reporting on the applicable laws, rules and standards relevant to the DB activities in Saudi Arabia. The Country Head of Compliance and AFC - KSA is the direct point of contact for DB staff in Compliance and AFC matters in KSA.
The Country Head of Compliance & AFC, will also assume the role of the KSA Data Protection Officer (DPO) with responsibility for driving overall country and business level adherence to KSA Data Protection laws and regulations.
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 "Gosy" plan (for Saudi nationals only)
Your key responsibilities:
- Support senior management and employees of Deutsche Bank in understanding and managing:
- the application of DB’s ethical standards and professional principles
- general compliance with the relevant laws, rules, regulations, directives and DB Group standards
- the prevention and escalation of issues, incidents and breaches relating to Compliance and to AFC
- the implementation of processes and procedures regarding abuse of assets, systems, information or procedures
- cross-border compliance related matters.
- Act as main escalation point of contact for regulators in KSA and foster a transparent and collaborative relationship with the regulators.
- Ensure implementation and maintenance of adequate policies and procedures with clarity of accountability and ownership across the first and second lines of defense; ensure such documents support KSA specific requirements, local management and staff in complying with all related legal and regulatory obligations, relevant Deutsche Bank Group standards as well as best practices and integrity standards applicable to their activities.
- Report regularly to governance functions (e.g. committees) and, where necessary, Regulatory Authorities on Compliance and AFC matters, amongst others, indicating whether:
- any significant risk exposures and material incidents of non-compliance have been identified
- appropriate measures have been taken to address any gaps or deficiencies
- the Compliance frameworks (structure and processes) are adequate, effective and in line with legal, regulatory and Deutsche Bank Group requirements.
- Undertake and be actively involved in proactive and reactive management and escalation of all Compliance and AFC risks, issues and breaches, for example, conducting risk assessments.
- Monitor and test compliance with laws, rules, regulations and internal controls in accordance with agreed policy and methodology; report and manage any findings or issues, and support management in their identification of appropriate remedial action plans.
- Participate in, and provide support to, relevant projects ensuring adherence to related standards, mitigation of associated risks and strong stakeholder consideration particularly focused on the client or customer.
- Liaise with Compliance and AFC senior management within DB Group to ensure appropriate reporting and escalation of issues and/or incidents.
- Support a compliance aware culture, including regular and appropriate local education, training and awareness by leveraging related global initiatives.
- Participate in local and global projects instigated by Deutsche Bank Group.
- Act as a direct contact point for Deutsche Bank staff to confidentially raise concerns or when improper or illegal activities are suspected.
- Provide local and regional support to the Regional and Global Compliance management teams, as and when required.
- Develop and maintain the Internal Control Framework to ensure adequate monitoring and control measures are implemented, report on any findings and advise management on remedial actions to take.
- Ensure local implementation of any country, regional or global projects and programs in conjunction with the relevant regional leads.
- Responsible for the local Compliance and AFC Risk Assessments.
- Provide input for MI reports requested by Regional and Global Compliance or AFC Management
Your skills and experience:
- Fluency in English and Arabic is essential.
- Excellent communication and presentation skills in both languages is a prerequisite
- KSA national, due to regulatory requirements.
- Graduate (ideally with a post-graduate degree in related field) with additional compliance and financial crime related qualifications and certifications (e.g. ACAMS)
- Between 10-12 years’ experience in a similar senior position (in KSA) with extensive experience in Compliance and AFC or a control related function within an international organization/bank in the Financial Services industry
- A strong track record in risk and regulatory matters, ideally including:
- Solid understanding of Compliance and AFC risks and typologies in order to identify areas or instances of potential Compliance and AFC risks and to address them appropriately
- Prior experience of acting as regulatory liaison with regards to Compliance and AFC matters
- Any other experience required under the various appropriate regulations/laws and related circulars
- Excellent understanding of financial products
- Subject Matter Expert (SME) in the Financial Crime area on relevant laws and regulation
- Proven leadership ability, including skills to build, develop and coach a team
- Able to recruit, develop and motivate employees, building teams and fostering relationships that create a sense of shared objectives and accountability
- Able to absorb issues arising from a wide span of control and demonstrate sound judgment
- Excellent at managing relationship to internal and external stakeholders
- Excellent communication and advisory skills across all levels, ability to navigate and work in virtual global teams and matrix organization
- 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 issues in a constructive manner to reach appropriate solutions
- Excellent at setting clear objectives and driving for results
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. click here to see what we do.
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 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.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
