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

Job Description:

Job Title: Corporate Bank – NFR Financial Crime Risk, Sanctions Oversight

Corporate Title: Director

Location: New York, NY or Washington, DC

Overview

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.

What We Offer You

• 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 You’ll Do

• 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.

How You’ll Lead

• 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

Skills You’ll Need

• 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

Skills That Will Help You Excel

• 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.

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY or Washington, DC office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City and Washington, DC is $170,000 to $260,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees:  https://careers.db.com/life

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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.