Job ID: 3145282
As a leading global bank with roots in Germany, we’re driving change and innovation in the industry – championing integrity, sustainable performance and innovation with our clients, and redefining our culture and relationships with each other.
With operations in over 70 countries, we encourage our people to think for themselves and reward integrity. Our large but focused footprint gives us a strong position in Europe plus a significant presence in the Americas and Asia Pacific. We offer clients commercial and investment banking, retail banking and transaction banking as well as ground-breaking asset and wealth management products and services. We are structured around the four types of clients that we serve – institutions, corporates, fiduciaries, and private clients – and devolve greater responsibility, along with consequent accountability, to our four business divisions: Corporate & Investment Banking, Global Markets, Deutsche Asset Management, and Private, Wealth & Commercial Clients.
Anti-Financial Crime (AFC)
AFC team is responsible for protecting Deutsche Bank from financial and reputational losses incurred by financial crimes by assessing, controlling and mitigating risks. Risk types related to AFC are consolidated into a comprehensive and effective risk management framework that covers Anti-Money Laundering, Sanctions and Embargoes, Anti-Bribery and Corruption and Anti-Fraud & Investigations.
Restrictive measures under sanctions and embargoes are usually implemented by means of statutory regulations. The Sanctions and Embargoes program is aimed to ensure that DB and its staff fully comply with all sanctions and embargoes regulations in force in the respective jurisdiction. DB’s Sanctions & Embargoes program has been implemented globally and throughout all business divisions via the Embargo Policy - DB Group and the Special Risk Country Policy DB Group.
In this vein, the US Sanctions Compliance is seeking a Sanctions Reporting and Researcher who will conduct in-depth investigations, research and analysis on potential regulatory risks in line with Sanctions and Embargoes regulations and respective policies. The incumbent will also have regular interactions with Operations, US Sanctions Compliance and AFC staff, as well as on occasion with business. The candidate should therefore, be comfortable working with colleagues at all levels and possess the necessary interpersonal and leadership qualities to operate effectively in this role.
The Sanctions Reporting and Researcher reports to the Sanctions Compliance Reporting and Governance Team Lead under the overall management of the Regional Head of Sanctions and Embargoes.
Research & Report
Research and report on regulatory changes to ensure compliance with Office of Foreign Assets Control (OFAC) regulations, and other applicable sanctions rules and policies;
Research and conduct investigations in response to violations of rules, regulations, policies, and procedures, with a particular focus on OFAC-related matters, as well as blocks, rejects, re-submissions and funds returned;
Review, analyze and coordinate with Transactions Investigations focal point on re-submissions;
Review, monitor and update reconciliation reports related to blocked property and rejected reports and liaise accordingly to generate MIS reports;
Manage and distill data stemming from blocks and rejects, re-submissions, and funds returned and suggest remedial actions;
Identify patterns stemming from post-transaction investigations and prepare statistical trends analysis report, along with a qualitative report;
Support sanctions-relevant reporting obligations to the competent authorities;
Production of management information as required by the Team Lead.
Work closely with IT and other colleagues to develop the qualitative reporting requirements and ensure consistency of documentation, improve systems and data used by the Team, and roll-out a user-friendly tool; including but not limited to cleaning of data for migration;
Support ongoing work to respond to regulatory changes, streamline existing processes, strengthen controls and upgrade systems including being a Subject Matter Expert on the Hotscan Case Management system.
Assist the Team Lead to implement enhancements for and controls on the Sanctions Reporting process, including incorporating all relevant regulatory obligations based on Change Management/Governance recommendations and new legislations;
Identify key deliverables and milestones and update/develop corresponding scope documents, project/action plans and traceability matrices;
Identify and escalate issues which are not addressed by current policies or standards, suggest possible solutions, and assist in implementing such solutions and serve as
Secretariat for internal US Sanctions Compliance;
Provide subject matter expertise and guidance with regard to Sanctions laws/regulations/guidance to business and other compliance staff;
Assist in the collection of information in response to law enforcement, regulatory, or internal inquiries;
Keep abreast of the global landscape, including changes in U.S. and EU sanctions laws and regulations; and,
Provide support as needed and required.
A minimum of 5-years professional work experience in financial services and/or non-profit organizations with a strong background in program management, governance, sanctions and/or regulatory trends. Previous involvement in building new systems to meet complex reporting requirements is an asset.
Strong analytical, research, data interpretation and documentation skills.
Familiarity with monitoring and evaluation (M&E) and quality assurance processes is advantageous.
Organized, detail- and results-oriented and structured work style, with the ability to work calmly under pressure.
Excellent oral and written communication, documentation and presentation skills are essential.
Able to prioritize and deliver according to strict timelines and quality standards.
Collaborative working style in a team setting, who can also work well independently and seeks solutions for obstacles and missing information to ensure compliance deadlines are met.
Strong work ethic, diligent, efficient, mature approach to work and a strong willingness to learn and take on new challenges.
Sound geopolitical knowledge is highly preferred.
Knowledge of international laws and financial crimes laws is as an asset but not required.
Excellent knowledge of Word, Excel, PowerPoint, Vision, Design Structure matrix, SPSS, etc. to produce translatable data analytics.
Graduate degree in international relations, international law, public policy, economics, finance and related fields. A first degree, in lieu of relevant work experience, will be considered.
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