R0215301 CAO AML Investigations Officer - AVP

Employer
Deutsche Bank
Location
Singapore, Singapore
Salary
NA
Posted
03 Sep 2022
Closes
27 Sep 2022
Ref
16682356
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Details of the Division and Team:

The Asia-Pacific Anti-Financial Crime (AFC) Department supports Deutsche Bank businesses in the region manage Anti-Financial Crime (AFC) risk, is responsible for ensuring that related processes are in place and that all policies, procedures and guidelines conform to internal DB policies as well as all applicable laws and regulations.

The AML Investigations Officer's primary responsibility will be handling escalated alerts and cases and conducting investigations while performing other Financial Crime Operations (FCO) -related duties such as User Acceptance Testing. The candidate is expected to be equipped with wealth management relevant product knowledge and bring expertise in investigative processes and effective alert and case-handling procedures.

You can expect:
  • Flexible benefits plan including virtual doctor consultation services
  • Comprehensive leave benefits
  • Gender Neutral Parental Leave
  • Flexible working arrangements
  • 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement

Your key responsibilities:
  • The AML Investigations Officer will be located in Singapore/Hong Kong and reports to Head of IPB AML Investigations or delegated manager. Depending on the experience of the candidate, some or all of the following responsibilities will be assigned:
  • Perform AML monitoring of assigned businesses or jurisdictions.
  • Perform or support autonomous reviews and investigations.
  • Coordinate and/or prepare the required management information reporting data for local, regional or global submission as applicable.
  • Participate in FCO-related technical and project work and user-acceptance tests.
  • Provide input on key initiatives and other ad hoc projects as needed.
  • Review and investigate system-generated alerts and ad-hoc cases within the mandated timeframe.
  • Review and analyze daily AML/CTF cases to address transactions that contravene the banks/regulatory policies.
  • Ensure that review and investigation conclusions are adequately and properly documented for regulatory/audit level review.
  • Conduct internet and external database searches to ensure no relevant adverse information is noted on the client/parties.
  • Ensure the risk coverage for the bank from an AML/CTF perspective.
  • Ensure that potential areas of risk (financial, reputational and regulatory) are investigated, identified and escalated to the relevant teams within FCO and/or Country AFC Officer.
  • Ensure that cases are investigated and closed/escalated within the mandated time frame.
  • Handle complex and confidential cases with little or no guidance.
  • Identify current transaction typologies and keep abreast of emerging ones and apply said typologies to the working of the cases.
  • Liaise with AFC Modelling Officer and provide support and assistance to Local AFC Officer with respect to the requirement that the internal systems parameters are reviewed at least annually.
  • Escalate data quality and system issues to the AFC Modelling Officer and Local AFC Officer.

Your skills and experience:
  • Sound technical AML, investigations knowledge and skills, with demonstrated hands-on experience
  • A background in a Financial Investigation Unit or Financial Crime Investigations with broad knowledge of AML or other investigations with a minimum of 6 years' relevant experience in an AML, Transaction Monitoring or Investigations role in a regulatory, or financial institution
  • A minimum of 3 years' experience working with diverse banking products across business lines in Private Banking, Wealth Management and experience in working on AML monitoring and case management systems
  • Demonstrated problem-solving and analytical skills
  • Attention to detail and efficient
  • Be the subject expert in AML/CTF typologies/trends
  • Ability to review evidential case files using knowledge of legislation
  • Strong analytical skills with an investigative mindset
  • Strong attention to detail
  • Internet expertise on identifying negative news and ability to search and find information
  • The ability to work under pressure and within tight deadlines with no loss of accuracy
  • An understanding of the legal and compliance issues of complex banking organizations
  • Strong verbal and written communication skills
  • The ability to work well within a team
  • A professional business attitude in the workplace

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirement applies.

How we'll support you:
  • Flexible working to assist you balance your personal priorities
  • 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

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