Cayman Islands (Cayman) Business Line AFC Advisory - ...

Job Description:Job Title Cayman Islands (Cayman) Business Line AFC AdvisoryCorporate Title Vice PresidentLocation New YorkOverview Anti-financial crime (AFC) is responsible for Deutsche Bank's overall Anti-Money Laundering Program, including oversight of the New Client Adoption (NCA), Know Your Customer (KYC), transactions and products processes giving rise to potential financial crime. The Anti-Money Laundering Compliance Officer (AMLCO) position will advise on transactions and products, consider potential reputational risk and oversee the KYC process for High Risk clients, with a specific focus on Regular (aka Periodic) KYC Reviews, Event Driven Reviews and remediation of KYC files for all businesses within Investment Bank or Corporate Bank (together the Business). A successful professional will be able to get up to speed with content quickly and learn how to navigate the organization across the global and regional Anti-Financial Crime, Operations, Legal, Client Lifecycle Management (CLM) and Business teams.What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaborationA hybrid working model, allowing for in-office work from home flexibility, generous vacation, personal and volunteer daysEmployee Resource Groups support an inclusive workplace for everyone and promote community engagementCompetitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefitsEducational resources, matching gift, and volunteer programsWhat You'll DoAdvise and support the Business on clients, products and transactions with potential financial crime risks; apply practical standards of the Cayman AFC compliance program; Advise in consultation with US Framework office on the impact of new andor amended AFC-related laws, rules, and regulations as they relate to andor impact CaymanEnsure that internal policies, procedures, systems, and controls align with the Deutsche Bank's regulatory obligations for the Cayman and internal standards and are effectively implementedFacilitate CIMA monthly, quarterly and annual surveys, including stakeholder management across 1st Line of Defense (1LOD) and 2nd Line of Defense (2LOD) ensuring timely and adequate regulatory submissionsProvide guidance in consultation with Cayman MLRODMLRO and respond to queries from various internal groups (including the Front Office, the Middle Office, client lifecycle management (CLM), Legal, Advisory Compliance, etc.) relating to complex jurisdictional Financial Crime issues;Support regional initiatives for the Business; facilitating the review of the Cayman AFC program including risk analysis, periodic high risk account reviews, event driven review (EDR), quality controls reviews, and ensuring a consistent enhanced due diligence (EDD) review and approval is applied;Support Cayman MLRODMLRO in management of the Business andor AFC Internal Audit and External Audit points to successful completion; provide support in coordinatingresponding for requests for information for Internal Audit, Regulators and Law Enforcement as part of audits, examinations and investigationsHow You'll LeadRole requires managing issuesconcerns escalated by various stakeholders with moderate oversight and being held accountable for decisions made on day to day basis. Additionally, the role will be measured by finings, red flags and peer feedback. Role will have key interactions with stakeholders including Product heads, Other controls functions, Global & Regional BLAFC and CLM onshore managementSupport the coordination between regional stakeholders and the Global team to execute major remediation and technical projects impacting Cayman AFC program;Prepare periodic management reporting for Cayman board, global and regional AFC management concerning issues, trends, and emerging topics applicable to the locationSkills You'll NeedMinimum undergraduate degree or equivalent;An advanced degree (e.g. JD, MBA, etc.) is a plus but not required;Advanced experience in the financial industry within AFC Compliance, Legal or Regulatory Change functions; Superior knowledge of relevant AFC lawsregulatory requirements, particularly with respect to Investment Bank products;AFC Compliance, Legal or Audit experience, particularly in connection with anti-money laundering (AML), KYC and the Regular Review in advisory capacityKnowledge of investment banking, Cayman regulations and other FATF AML priorities (preferred)Skills That Will Help You Excel Previous experience in AFC Compliance, Legal or Audit experience, particularly in connection with AML, KYC and the Regular Review in advisory capacity andor remediationsAbility to identify matters that require further analysis and investigation;Ability to assist the regional risk assessment team with the execution and production of the Risk Type Assessment for CaymanExpectationsIt is the Bank's expectation that employees hired into this role will work in the New York 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 andor religion.The salary range for this position in New York is $125,000 to $203,000. 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 renumeration.Deutsche Bank BenefitsAt 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 California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice please email .#LI-HYBRIDWe 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.We are an Equal Opportunity Employer - VeteransDisabled and other protected categories. Click these links to view the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

Created: 2025-03-01