Americas Head of AFC Model Oversight

Deutsche Bank • New York, NY

376d • $170,000 - $170,000 • Hybrid

About The Position

The Americas Head of AFC Model Oversight is responsible for ensuring that the bank's activities comply with relevant regulations and standards, particularly in the area of Anti-Financial Crime (AFC) and transaction monitoring (TM). This role involves developing regulatory strategies, overseeing model activities, and maintaining strong relationships with regulators to enhance compliance and operational effectiveness.

Requirements

• 15+ years of risk, modeling, or AFC experience.
• Proven experience leading a risk modeling function focused on AML transaction monitoring.
• Strong stakeholder management skills with experience working with Senior Management.
• Significant experience in executing large and complex remediation project plans.
• Solid knowledge of the AFC program and its interplay with TM capabilities.
• Minimum of 15 years' experience in AML investigations, with 5+ years in a leadership role and 5+ years in IT change management.
• Experience managing a large operations function.
• Knowledge of AML laws and regulations, including the USA PATRIOT Act.
• Understanding of legal and compliance issues in complex banking organizations.
• Ability to work independently and prioritize workload effectively.
• Operational knowledge of USD payment systems, including SWIFT and ACH.
• Experience in tuning, optimization, and threshold calibration of AML models.
• Extensive experience in financial crime compliance and AML transaction monitoring systems.

Nice To Haves

• Direct or indirect experience in Big Data and/or Data Science.
• Experience managing various projects simultaneously.
• Ability to convey complex knowledge simply to staff at all levels.
• Proactive approach to tasks and responsibilities.
• Meticulous attention to detail and ability to multitask.

Responsibilities

• Develop and implement regulatory strategies, procedures, and controls for new products and business activities requiring governmental approvals.
• Translate legal requirements into policy frameworks and minimum control standards.
• Prepare and submit regulatory applications to governmental agencies.
• Coordinate government interactions and compliance activities, interacting with regulatory agencies and law enforcement.
• Support coordination of the bank's business and control functions regarding regulatory developments.
• Develop and maintain relationships with regulators for consistent communication and rating improvements.
• Guide internal stakeholders in strategies for engaging with regulatory authorities.
• Drive the Risk & Typology Coverage Assessment to identify red flags for monitoring.
• Provide oversight over GSA TM model activities, including scenario selection and tuning.
• Partner with the AFC investigations team to monitor TM scenario effectiveness.
• Ensure TM environment aligns with the risk profile of businesses and products.
• Lead remediation activities for AFC-owned controls related to TM.
• Provide input to and oversight of business-owned TM controls.
• Build interim monitoring controls for coverage gaps.
• Provide threat analytics related to emerging risks to Senior Management.
• Support examinations and reviews by regulators and internal audit.
• Support activities within the AFC's risk management framework, including testing and risk assessments.
• Provide effective challenge to AFC Modelling and IT for appropriate TM coverage.

Benefits

• Comprehensive health insurance coverage.
• 401k retirement savings plan.
• Paid time off and holidays.
• Tuition reimbursement for further education.
• Professional development programs.
• Flexible working arrangements under a hybrid model.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: No Education Listed