Job ID: 3186196 Full/Part-Time: Full-time
Regular/Temporary: Regular Listed: 2019-05-08
Location: New York, United States of America
Regulation, Compliance & Anti-Financial Crime
Regulation, Compliance and Anti-Financial Crime (AFC) protects the integrity and reputation of Deutsche Bank. It manages the Bank’s risks and help to avert unintentional rule breaches and conflicts of interest. At the same time, we also advise the bank on ethical conduct and governance issues and keep the bank up to date on regulatory and political challenges.
Job Title: Tuning & Optimization
Corporate Title: Assistant Vice President
Location: New York, New York
About Deutsche Bank
We are Germany’s leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.
AFC’s Mission is:
To be a trusted and respected independent control function that aims to protect the bank from financial crime risk
To establish a proactive framework to prevent, detect, investigate and report bank-wide financial crime risk events
Deutsche Bank is committed to the highest standards of control in the areas of Anti-Money Laundering (AML), Sanctions & Embargoes, Anti-Bribery and Corruption (ABC) and Anti-Fraud (collectively referred to as Anti-Financial Crime). All employees are required to adhere to these standards to protect Deutsche Bank and our reputation from those who may intend to use our products and services for illegal purposes including, but not necessarily limited to, money laundering, bribery, corruption, fraud and/or Terrorist Financing.
The purpose of the AML Financial Crime Intelligence & Analytics team is to ensure that the systems are tasked with surveillance at all times and are being used in accordance with the legal and regulatory Anti-Money Laundering framework within the Americas and to escalate issues of concern to AML Management in a timely manner. This includes the manual escalations from multiple areas such as the Business Intelligence Unit (BIU), Anti-Bribery & Corruption Team (ABC), Business Line AML, and any Unusual Activity Reports.
Reporting to the Head of AML Tuning & Optimization (Americas), the AVP of Transaction Monitoring Tuning & Optimization will be responsible for the on-going tuning and optimization of models used for detecting financial crime activity across the Bank. You will be responsible for the development, deployment, and support of these models.
Responsible for technical and functional soundness of AML models and tools and to provide effective challenge to the AML model life cycle area
Maintain standards for segmentation methodology, scenario tuning methodology, peer grouping, BTL (below the Line) sampling methodology
Work with compliance to define specifications for transaction monitoring models
Design and implement risk-based alert scoring
Support all review and audit functions; create a model inventory list and ensure all models are reviewed periodically
Partner with AFC technology and support on-going activities for various AML TM related projects
Address and resolve logic and configuration issues in monitoring scenarios
Work in partnership with compliance users to develop and drive initiatives that transform and modernize the capabilities and services of monitoring within the compliance function
Assess current and future state of surveillance, platform, policies, and procedures to promote continuous improvement
You will have:
Bachelor’s/ Master’s degree in Mathematics, Economics, Computer Science, Data Science, MIS, Information Management, or Statistics
SME in financial crime compliance covering all product lines such as correspondent banking, wealth management, brokerage, trade, and asset management
Previous relevant experience of direct knowledge of AML Transaction Monitoring systems and preferably Mantas and Actimize
Demonstrated experience with Oracle, SQL, SharePoint, Jira
Excellent verbal and written English communication skills
Should be able to interpret complex requirements and be a self-starter
CAMS certification preferred
For candidates applying for positions in the US:
Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the “ EEO is the Law ” poster and pay transparency statement.