C&AFC - Deputy Compliance Officer & MLRO - DSSA, Associate/AVP

Role Overview

C&AFC - Deputy Compliance Officer & MLRO, Associate/AVP at Deutsche Bank. This role is based in Saudi Arabia and provides support to the business advisory team in their engagement with relevant business and infrastructure areas.

Role Purpose

The Deputy Compliance Officer and Money Laundering Reporting Officer (MLRO) supports senior management and employees in understanding and managing compliance with Deutsche Bank's ethical standards, professional principles, and relevant laws, regulations, and Group standards. The role maintains relationships across compliance and anti-financial crime functions, works directly with subject matter experts, and provides daily interaction with key stakeholders across regional and country coverage.

Key Responsibilities

Compliance

• Support senior management and employees in understanding and managing the application of Deutsche Bank's ethical standards and professional principles
• Support senior management and employees in understanding and managing general compliance with relevant laws, rules, regulations, directives and Group standards
• Support senior management and employees in understanding and managing the prevention and escalation of issues, incidents and breaches relating to Compliance
• Support senior management and employees in understanding and managing 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, including 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 and mitigation of associated risks
• Support Compliance awareness initiatives
• Act as a direct contact point for local staff to confidentially receive concerns in relation to when improper or illegal activities are suspected
• Act as a contact point for SAMA and represent Deutsche Bank Riyadh in various regulatory committees along with other banks in Saudi Arabia

Anti-Financial Crime

• Advise on and ensure implementation of AFC policies and procedures
• 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 in developing and maintaining the AFC related Internal Control Framework
• Comply with the requirements set by the AFC Global Controls Programme
• Monitor transactions, handle and report Suspicious Transaction Reports (STR), and manage KYC activities including Enhanced Due Diligence, periodic reviews and quality assurance
• Monitor local regulatory sanctions developments and notify relevant changes and specifications and ensure that required controls are in place
• Assist the Country Head with respect to responsibility for anti-fraud in country, including advisory, policy, training, monitoring and investigation, either directly or as liaison with regional anti-fraud teams
• Help in promoting AFC's responsibility for anti-bribery and corruption in country, including advisory, policy, training, monitoring and investigation, either directly or as liaison with regional anti-bribery and corruption teams

Regulatory

• Provide ongoing and ad-hoc regulatory advice
• Provide advice in relation to regulatory submissions to CMA and contribute to such submissions when Private Banking matters are concerned

Stakeholder Management

• Together with the Head of Compliance & AFC manage key stakeholder requirements and requests
• Deliver advisory to the business and stakeholders as required
• Build constructive partnerships with diverse stakeholders and challenge where required

Leadership

• Work in virtual, global teams in a matrix organisation
• Transfer knowledge and develop capability of team members
• 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

Qualifications & 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
• KSA National

Skills & Competencies

• Strong knowledge of CMA relevant AML, CFT and CMA Regulatory rulebooks
• Fluency in English and Arabic
• Assertive, analytical, organized and flexible approach
• Strong organisation and prioritization skills
• Profound decision making skills
• Strong analytical skills and solution-oriented problem solving
• Strong interpersonal skills and excellent communication skills
• Ability to work in virtual global teams and matrix organisations

Additional Information

• 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
• DB contributions to Employee Workplace Savings "Gosi" plan for Saudi nationals only
• Coaching and support from experts in your team
• Culture of continuous learning to aid progression
• Range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career
• Deutsche Bank welcomes applications from all people and promotes a positive, fair and inclusive work environment
• Deutsche Bank welcomes applications from candidates with disabilities and will facilitate a productive and harmonious work environment for all