Corporate Bank – NFR Financial Crime Risk, Sanctions Oversight - Director

Deutsche Bank • Washington, DC

4d • Hybrid

About The Position

The Financial Crime Risk Management Function is a Global front office function within Corporate Bank Non-Financial Risk (CB NFR). The primary objective of the team is to support the Corporate Bank by creating a robust control framework embedded in the First Line of Defense (1LoD). The team’s mandate is to identify non-financial risks such as regulatory, conduct and systemic risks, define mitigation processes for those risks, as well as to develop, implement and monitor Level 1 controls. In addition to working closely with the Product, Relationship & Transaction Management, Coverage and Sales teams, the group’s reach and interaction will be broad, including engagement within Corporate Bank (CB), and with partners in the infrastructure functions in Second Line of Defense (2LoD) as well as Group Audit in Third Line of Defense (3LOD). You will be in the CB NFR function in Financial Crime Risk Management focusing on Sanctions & Embargoes risks; you will also be participating in/driving Cross CB NFR projects from time to time, including control framework.

Requirements

• Extensive relevant experience in Regulated Financial Services organization
• Proven experience in non-financial risk management domain covering Sanctions (knowledge of Corporate Banking business/products is advantageous)
• Strong background/knowledge of Financial Crime risk topics balanced with Client Centricity
• Strong leadership and management abilities to lead front-to-back risk remediation / regulatory programs and to engage with senior stakeholders across LOD
• Ability to interface with third party monitors and regulators as lead for Sanctions risk types

Nice To Haves

• Excellent analytical, decision-making and problem-solving skills.
• Highly motivated to drive change, self-reliant, adaptable with a structured way of working with high willingness to take responsibility, and ability to deliver highest level of quality under time pressure.
• Strong team player, with experience leading and working in virtual global teams and in a matrix organization.
• Excellent communication and presentation skills.

Responsibilities

• Support the Business Sanctions Delegate (BSD) in implementing the CB Sanctions Oversight Forum (Setup of forums, information flow and escalation/decision making points) and related governance
• Engage relevant 2LOD AFC team on upcoming regulatory and policy changes and implementation of changes related to Sanctions policy/procedures across CB businesses
• Ownership and maintenance of relevant and applicable procedures covering CB division.
• Execute on the findings book of work in CB for Financial Crime including Sanctions risk related items, and reporting/MI on the portfolio of findings
• Aid in proactively managing Audit/ CT&A findings and observations, acting as the CB engagement lead.
• Challenge and quality assure business inputs into the Financial Crimes Risk Assessment (FCRA)
• Monitor, track and drive resolution of action items resulting from the FCRA results for Sanctions risk types.
• Procure and compile metrics for risk management.
• Drive/Participate in Data Analytics and MI generation to identify potential trends and risk landscape
• Participate in Global/regional projects and initiatives on the back of regulatory developments, policy changes affecting CB.
• Senior member of CB’s “Business Sanctions Delegate” office responsible for Sanctions compliant program
• Drive engagement with relevant stakeholders on key risk items and track them to closure.
• Develop effective relationships with key stakeholders in all relevant functions
• Play a proactive role in developing best practices on business process re-engineering

Benefits

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed