Job description
Role Overview
C&AFC - Self Supervisory Unit (SSU) Officer at Deutsche Bank, based in the Middle East and Africa region. This is a regulated role; only Saudi Nationals will be considered. SAMA approval must be obtained prior to commencement of responsibilities.
Company Overview
Deutsche Bank is the leading German bank with strong European roots and a global network. In the MEA region, Deutsche Bank offers the full range of Investment Banking, Asset Management, Private Wealth Management and Global Transaction Banking services. Deutsche Bank AG is recognized for its leading role in prestigious regional transactions and has received several regional and international awards in Investment Banking and Islamic finance. Deutsche Bank's commitment in the MEA region spans more than a century. Established in 2008, Deutsche Bank's Middle East Foundation focuses on funding investments in Arts, Education, Community Development, Sustainability and volunteering in the Middle East and North Africa Region.
Regulations, Compliance and Anti Financial Crime (AFC) protect the integrity and reputation of Deutsche Bank by managing the bank's risk, helping to avoid unintentional rule breaches and conflicts of interest, advising on ethical conduct and governance issues, and keeping the organization informed on regulatory and political challenges. Anti Financial Crime at Deutsche Bank is committed to the highest standards of Anti-Money Laundering (AML), Combatting Terrorist Financing, Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Fraud prevention.
Role Purpose
The Self Supervisory Unit (SSU) Officer operates as part of a private, independent specialized unit reporting to the Head of Compliance/MLRO. The role is tasked with handling requests received from the Special Enforcement Division of the Saudi Central Bank, operating in line with SAMA Self Supervisory Regulations, SSU Regulations and KOPS.
Key Responsibilities
Compliance and Regulatory Adherence
- Adhere to internal and external policy and regulation, notably with respect to Anti Financial Crime, Sanctions, Anti-Bribery and Corruption.
- Keep abreast of new rules, regulations, policies and procedures related to Special Enforcement Division regulations, Saudi AML Law and its implementing regulations.
Screening and Enforcement
- Conduct screening of names received from the Saudi Central Bank's Special Enforcement Division.
- Receive, review and act upon requests received from the Saudi Central Bank's Special Enforcement Division or local FIU.
- Perform searches in Client Relationship Management tools including dB CAR and dB CLM Avaloq, with access rights to request block/unblock, prevent dealing and provide statements.
Decision-Making and Authority
- Exercise decision-making authority over the Business on requests received from the Saudi Central Bank's Special Enforcement Division.
- Maintain unrestricted access to all information, data, records and systems in the Bank deemed necessary to fulfil the function.
Operational Management
- Manage day-to-day tasks independently and take full responsibility and ownership thereof.
- Maintain up-to-date and accurate management information.
- Perform any other required tasks.
Support and Monitoring
- Support the MLRO to implement and execute SSU policies and procedures.
- Support the MLRO to implement adequate monitoring, research and surveillance tools.
- Ensure appropriate reporting and escalation of issues and/or incidents to the MLRO.
Qualifications & Experience
- Fresh graduate or at least 2-3 years' experience within AML/KYC, preferably within a SAMA regulated financial institution.
- Saudi National status required.
Skills & Competencies
- Fluency in English and Arabic.
- Assertive, analytical, organized and flexible mindset.
- Strong organization and prioritization skills and profound decision-making skills.
- Strong analytical skills and solution-oriented problem solving.
- Strong inter-personal skills, excellent communication skills and ability to work in virtual global teams and matrix organizations.
- Proven ability to leverage AI tools to enhance productivity, optimize workflows and solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
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 and flexible working arrangement.
- DB contributions to Employee Workplace Savings "Gosi" plan for Saudi nationals only.
- 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.