Compliance & Anti Financial Crime – Head Of Compliance & Afc Malaysia – Director

Kuala Lumpur, Malaysia

Job Description


:Details of the Division and Team:The Head of Compliance and Anti-Financial Crime (AFC) Malaysia is responsible for Compliance Advisory and AFC activities (Anti-Money Laundering and Counter Terrorism Financing, Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption (AFB&C)) in Malaysia, to ensure that all relevant policies, procedures, systems and controls are implemented effectively, all relevant legal, regulatory and DB Group requirements are met and any Compliance and AFC-related risks are appropriately addressed and mitigated. The Head of Compliance and Anti-Financial Crime will have a reporting line to Local Management, Regional Compliance and Regional Head of AMLIn discharging their role, the Head of Compliance and AFC Malaysia is expected to:Liaise closely with local stakeholders Management including the Head of the Branch, the Chief Country Officer, and the Chief Operating Officer to manage the relationship with regulators.Liaise closely with Compliance and AFC teams in the region and globally to facilitate Compliance and AFC matters.Facilitate any consultation on new regulations/ risk topics with local regulators.Facilitate and coordinate country policies / and advise on regulations.Participate in local governance committees and where relevant Regional and Global governance forums.Promote the Bank\xe2\x80\x99s Risk Culture.What we will offer you:A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That\xe2\x80\x99s why we are committed to providing an environment with your development and wellbeing at its center.You can expect:Flexible work arrangementCorporate group insuranceEAP \xe2\x80\x93 free and confidential counseling, online work-life resourcesComprehensive leave benefitsYour key responsibilities:Responsible for supporting senior management and employees of Deutsche Bank in understanding and managing all Compliance and AFC related issues for Deutsche Bank Malaysia including and not limited to:The application of DB\xe2\x80\x99s ethical standards and professional principles.Primary contact point to relevant local regulatory authorities that have oversight for DB\xe2\x80\x99s activities in Malaysia.Develop internal compliance policies and facilitate or assist relevant stakeholders in adhering to regulatory, legal and/or the Group\xe2\x80\x99s requirement through advisory work, monitoring, or training sessions.Keep abreast of new products, as well as their implications for respective business areas, via the New Product Approval review and approval process.Review and assess all New Product Approval and Vendor Risk Management process where appropriate.Provide guidance and manage all Cross-border compliance related matters.Guidance on the preparation of documentation for regulatory authorities.Responsible for the implementation of adequate monitoring \xe2\x80\x93 research /surveillanceUndertake Compliance Risk Assessment and Assurance and implement a Compliance Training/Awareness ProgrammeBe the nominated Country Anti-Monetary Laundering Officer and primary contact point for local Anti-Financial Crime and law enforcement authorities:Have a matrix reporting line to the Regional Head of AML.Responsible for escalation of issues, incidents and breaches relating to relevant AML senior stakeholders in the region and local country management.Responsible for the implementation of the applicable Group Policies on Compliance, Anti-Financial Crime, Know Your Client, Sanctions and EmbargoesEnsure that local guidelines and procedures are in line with Regional and Global Anti-Financial Crime Policies and any local nuances are appropriate defined and highlighted.Develop and maintain procedures and systems to ensure that unusual and suspicious transactions are appropriately escalated and reported.Responsible to develop and carry out local AML Risk Analysis and carry out adequate controls to ensure that all applicable legal and regulatory AML requirements are being adhered to, including those under the Global AML Controls Program.Provide input for Quarterly NCA/KYC Report and reports as requested by Global AMLPrepare relevant MI for reporting to local/regional/global governance forums on relevant regulatory, compliance and AFC matters indicating:any significant risk exposures and material incidents of non-compliance have been identified.appropriate measures have been taken to address any gaps or deficiencies.the Compliance frameworks (structure and processes) are adequate, effective and in line with legal, regulatory and Deutsche Bank Group requirements.Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risks, issues, and breaches.Develop and maintain the Internal Control Framework to ensure adequate monitoring and control measures are implemented, in accordance with local laws, rules, regulations and internal controls and agreed policy and methodology; report and manage any findngs or issues, and support management in their identification of appropriate remedial action plans.Participate in, and provide Compliance and AFC support to, relevant projects ensuring adherence to related standards, mitigation of associated risks and strong stakeholder consideration particularly focused on the client or customer.Liaise with Compliance and AFC senior management within DB Group to ensure appropriate reporting and escalation of issues and/or incidents.Act as the Data Protection Officer (DPO) in accordance with DB Group Data Policy and relevant local data protection legislation.Act as a direct contact point for Deutsche Bank staff to confidentially raise concerns in relation to Compliance and AFC matters or when improper or illegal activities are suspected (e.g. conflicts of interest, money laundering, market abuse etc.).Support a compliance aware culture, including regular and appropriate local education, training, and awareness by leveraging related global initiatives.Handle other ad hoc Compliance projects, duties, investigations or as assigned from time to time.Your skills and experience:At least 10 years\xe2\x80\x99 experience, ideally in a similar senior position with extensive experience in Compliance and AFC or a control related function within an international organization/bank in the Financial Services industryA strong track record in risk and regulatory matters, ideally including:Solid understanding of Compliance and AFC risks and typologies in order to identify areas or instances of potential Compliance and AFC risks and to address them appropriately.Prior experience of acting as regulatory liaison with regards to Compliance and AFC mattersKnowledge of banking products and services - especially in Foreign Exchange and Debt instruments, Securities Services/Custody. Trade Finance.Strong analytical and problem-solving skillsPerformance orientated.Excellent interpersonal and communication skillsRegulatory and Anti Financial Crime knowledge and experience \xc2\xb7 Good command of English both written and spoken.FEP (Foreign Exchange Policy) Malaysia regulatory knowledge is an advantage.Able to absorb issues arising from a wide span of control and demonstrate sound judgment.Excellent at managing people and relationshipsExcellent at senior stakeholder management with executive presence, knowledge, and stature to provide advice that will be valued by business unit leaders, corporate leaders, and other constituencies.Strong at influencing thinking and behaviors broadly across the organization, with the highest level of integrity and the ability to balance commercial objectives with the exercise of independent and prudent judgment.Able to raise sensitive or potentially contentious issues in a constructive manner to reach appropriate solutions.Excellent at setting clear objectives and driving for results, for example facilitating the creation of processes, systems, and disciplines that embed behaviors in the organization that ensure compliance.Able to identify issues and solutions or opportunities, as well as to build efficacy in compliance programs.Able to motivate employees, building teams and fostering relationships that engender a sense of shared objectives and accountability. The ability to recruit, develop, and retain team members while operating successfully in a matrix environment is critical.How we\xe2\x80\x99ll support you:Flexible working to assist you balance your personal prioritiesCoaching and support from experts in your teamA culture of continuous learning to aid progressionA range of flexible benefits that you can tailor to suit your needsTraining and development to help you excel in your careerAbout us and our teams:Deutsche Bank is the leading German bank with strong European roots and a global network. to see what we do.Deutsche Bank & DiversityWe strive for a 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.

Deutsche Bank

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Job Detail

  • Job Id
    JD1066887
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Kuala Lumpur, Malaysia
  • Education
    Not mentioned