C&AFC - Deputy Compliance Officer & MLRO - DSSA, Associate/AVP

Deutsche Bank AG; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading bank is seeking a Deputy Compliance Officer & MLRO to ensure compliance with laws and regulations, provide advice, and support operational integrity within a collaborative environment. Candidates should have substantial experience in AML/KYC within the banking sector in Saudi Arabia and possess strong analytical and interpersonal skills.

Qualifications

• Relevant AML/Compliance qualification from a recognized body.
• At least 3-5 years’ experience within AML/KYC/Compliance domains.

Responsibilities

• Support in compliance management and regulatory advice.
• Monitor and test compliance with internal controls.
• Act as a contact for local staff and regulatory committees.

Skills

AML Compliance

KYC

Regulatory Knowledge

Interpersonal Skills

Analytical Thinking

Problem Solving

Education

AML/Compliance qualification (such as ACAMS, ICA)

Job description

C&AFC - Deputy Compliance Officer & MLRO - DSSA, Associate/AVP

The MLRO and Deputy Compliance Officer is responsible for providing support to the business advisory team in their engagement with relevant business and/or infrastructure areas. They typically have daily interaction with key stakeholders and have a regional and/or country coverage. Where provision of advice is required, advice includes level 1 control advice and assisting with conducting level 2 controls and risk assessments.

In addition, the MLRO and Deputy Compliance supports the maintenance of relationships with other relevant areas of the function and/or works directly with subject matter experts and other teams from across the function.

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 s why we are committed to providing an environment with your development and wellbeing at its center.

Your key responsibilities:

Compliance:

• Support senior management and employees of Deutsche Bank in understanding and managing:
• the application of Deutsche Bank s ethical standards and professional principles
• general compliance with the relevant laws, rules, regulations, directives and Group standards
• the prevention and escalation of issues, incidents and breaches relating to Compliance
• cross-border compliance related matters
• Ensure implementation and maintenance of adequate compliance policies and procedures
• Report regularly to the relevant Deutsche Bank Country Operating Committee branch, Compliance Committee and Regulatory Authorities on Compliance matters
• Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risk issues and breaches, for example, conducting risk assessments
• Monitor and test compliance with regulatory requirements and internal controls in accordance with agreed policy and methodology; report and manage any finding or issues, and support management in identifying remedial action plans
• Provide compliance support to relevant projects and new products by ensuring adherence to related standards, mitigation of associated risks
• Support in Compliance awareness initiatives
• Act as a direct contact point for local staff to confidentially concerns in relation to when improper or illegal activities are suspected
• Act as a contact point for SAMA and represent DB Riyadh in various regulatory committees along with other banks in Saudi Arabia

AFC:

• Advising on and ensuring implementation of AFC policies and procedures whereas involvement in ABC and AFI policies depends on the availability of headcount in the location and if none, this will be assisted by the respective regional team.
• Advising on the impact of new AFC related internal and external rules and ensuring that local guidelines and procedures are in line with the regulatory requirements.
• Assessing the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and DB Group standards.
• Reporting and liaising with Country Head to ensure appropriate reporting and escalation.
• Helping in developing and maintaining the AFC related Internal Control Framework.
• Complying with the requirements set by the AFC Global Controls Programme.
• AML: Transaction Monitoring, STR Handling and Reporting, KYC (EDD, periodic reviews, QA)
• Sanctions: Monitoring local regulatory sanctions developments and notifying relevant changes and specifications and ensuring that the required controls are in place
• AF&I: Assisting the Country Head with respect to the responsibility for anti-fraud in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional AFI teams.
• ABC: Helping in promoting AFC s responsibility for ABC in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional ABC teams.

Regulatory

• Provide ongoing and/ or ad-hoc regulatory advice
• Provide advice in relation to regulatory submissions to CMA and contribute to such submissions when PB matters are concerned.

Responsibilities (takes decisions within a provided framework)

• Together with the Head of Compliance & AFC manage key stakeholder requirements/ requests
• Deliver advisory to the business and stakeholders as required.

Leadership responsibilities

• Ability to work in virtual, global teams in a matrix organisation, transfer knowledge and develop capability of team members.

General leadership responsibilities

• Adheres to and promotes the Company values and ethical framework.
• Creates an open and inclusive culture where other team members are encouraged to offer and challenge ideas and practices.

Your skills and experience:

• Relevant AML / Compliance qualification from an internationally recognized body (such as ACAMS, ICA or local KSA equivalent)
• At least 3-5 years experience within AML/KYC / Compliance domains within a KSA regulated bank (SAMA) or financial institution (CMA). CMA experience is preferred.
• Strong knowledge of the CMA relevant AML, CFT, CMA Regulatory rulebooks.
• The ability to build constructive partnerships with diverse stakeholders and challenge where required.
• Fluency in English Arabic.
• KSA National
• Should be assertive, analytical, organized and flexible.
• Strong organization and prioritization skills, profound decision making skills.
• Strong analytical skills and solution-oriented problem solving.
• Strong inter-personal skills, excellent communication skills and ability to work in virtual global teams and a matrix organization.

Company Industry

• Banking
• Broking

Department / Functional Area

• Finance
• Treasury

Keywords

• C&AFC - Deputy Compliance Officer & MLRO

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