Americas Head of AFC Model Oversight

Job Description:

Regulatory Advisor is responsible for ensuring that the bank's activities are conducted ethically and in compliance with relevant regulations, laws and standards.  
•Developing and implementing regulatory strategies, procedures and controls for new products and/or business activities that require governmental approvals 
•Translation of legal requirements into policy framework and supporting minimum control standards as required •Preparing and submitting regulatory applications such as permits, licenses, certificates and authorization required by governmental agencies 
•Coordinating government interactions and compliance activities; and interacts with regulatory agencies as well as relevant law enforcement 
•Supporting the coordination of the bank's business and control functions, ensuring the coordinated view of regulatory developments. 
•Developing and maintaining strong relationships with regulators to ensure consistent communication in support of rating improvements 
•Guiding internal stakeholders in strategies and tactics when engaging with regulatory authorities, including supporting decision making, challenging and collaborating with senior internal stakeholders/ divisional leaders 
•Coordinating across regulators and across business and control functions to ensure a unified and consistent approach to regulatory topics

What You'll Do

• Drive the Risk & Typology Coverage Assessment to determine the red flags that require monitoring and application of those red flags against the bank’s products and services
• Provide oversight over GSA TM model activities, including but not limited to SOM, scenario selection and tuning, threshold changes, etc.
• Partner with the AFC investigations team to monitor the effectiveness of TM scenarios
• Ensure the TM environment is commensurate with the risk profile of the businesses and products and services that they offer
• Lead all remediation activities for AFC-owned controls in regard to TM
• Provide critical input to and oversight of business owned and executed TM controls
• Provide regional requirements and input into the global TM strategy and operating model
• Build interim monitoring controls where gaps in coverage exist that have long-dated strategic remediation
• Provide key threat analytics related to emerging risks and typologies to Senior Management
• Support all examinations and reviews performed by regulators, monitors, and internal audit
• Support activities within the AFC’s risk management framework, including testing, risk assessments, risk appetite, and management information
• Provide an effective challenge function to AFC Modelling and information technology to promote appropriate TM coverage and end-user solutions.
• Maintain awareness of relevant laws and implementing regulations, e.g., Bank Secrecy Act, USA PATRIOT Act, etc.
• Maintain awareness of relevant financial crime trends and typologies along with world events.
• Suggest enhancements to internal policies and/or procedures based on identified gaps or best practices.
• Maintain a thorough comprehension of internal AML typologies relating to correspondent banking, Private Banking and Investment Banking clients
• Work with FCO Investigations management to collate metrics and other data as requested
• Provide consistent qualitative feedback to the Investigators and Investigations Team Leads in accordance with procedural guidance
• Deliver information to executive level management related to AML concerns, project progression, external dependencies, and observed AML trends
• Define KPI with LOB stakeholders, develop and implement risk-based, effective and efficient rules, lead a diverse team of systems and analytics professionals based in onshore, near shore, and offshore teams, and engage risk and audit partners to ensure ongoing review and transparency achieved.
• Oversight of decisions related to TM Segmentation (Customer and Third Parties)
• Oversight of decisions related to the design and implementation of risk-based alert scoring
• Perform quarterly AML system effectiveness assessment
• Maintain standards for BTL/ATL testing

How You'll Lead
 

• Excellent at advising senior management, with a high level of executive presence/knowledge and stature to deliver advice that will be respected and valued by business unit leaders, corporate leaders and other constituencies
• Excellent at influencing 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
• Experienced in managing and collaborating with others and directing work efforts to achieve objectives efficiently and effectively
• Provide strategic direction and guidance to a group of financial crime investigations and testing staff.
• Work with AFC Modeling to promote appropriate TM coverage, providing professional challenge/feedback.
• Work with Information Technology to promote appropriate end-user solutions, providing professional challenge/feedback.
• Collaborate across teams, departments and with senior stakeholders to ensure success of the broader function.
• Effective decision-making skills and strong problem-solving skills
• Highly proficient creating regulatory and executive-level presentations
• Team player displaying strong interpersonal, relationship-building, and negotiating skills
• The role will be collaborating primarily with GSA, AFC Technology, Transformation & Remediation, Model Risk Management and AFC Financial Crime Operations leadership.
• This role is responsible for all RTB and BAU TM activities within Monitoring & Screening function and is accountable for all the day to day operations and oversight of staff.
• Interfaces heavily with FCO leadership and plays a key role in mitigating Backlog and Lookback risks within the function. Also responsible for presenting the regulators/monitors with key accomplishments year over year in the annual BSA/AML exams and remediation of key Audit findings tied to the TM Program.  

Skills You'll Need
 

• Proven and successful experience leading a risk modeling function, particularly with a focus on AML transaction monitoring
• 15+ years of risk, modeling, or AFC experience
• Strong stakeholder management skills with experience working with Senior Management and  teams across all three lines of defense, including working with business and AFC subject matter experts to implement TM systems
• Significant experience building and executing large and complex remediation project plans
• Solid knowledge of the capabilities within the overall AFC program and the importance of interplay TM has with those capabilities
• Minimum of 15 years' experience in AML investigations in a transaction monitoring, regulatory controls, or comparable environment; 5+ years of which should be in a leadership/management capacity; 5+ years of which should be in an IT change management capacity.
• Experience managing a large operations function.
• Knowledge of AML laws (USA PATRIOT Act), Regulations (Fed, SEC, FINRA) and their application to the supported products/business lines.
• An understanding of the legal and compliance issues of complex banking organizations.
• Ability to work independently and effectively prioritize workload with minimal supervision.
• Operational knowledge of USD payment systems, including SWIFT, CHIPS, ACH, and Fed Funds.
• Demonstrated experience in Tuning, Optimization and threshold calibration of AML models
• Extensive experience in financial crime space with expertise in AML transaction monitoring and AML transaction monitoring systems, preferably Mantas or Actimize; extensive experience with AML transaction monitoring data and data analysis
• SME in financial crime compliance covering multiple product lines such as correspondent banking, wealth management, brokerage, trade and asset management; prior experience/interaction with monitors, audit, and regulators will be viewed positively
• Knowledge and understanding of financial crime and AML policies, procedures and control arrangements in a complex financial organization; strong understanding of AML red flags, typologies and transaction monitoring data for various lines of businesses
• SME in financial crime compliance covering multiple product lines such as correspondent banking, wealth management, brokerage, trade and asset management and knowledge and understanding of financial crime and AML policies, procedures and control arrangements in a complex financial organization as well as strong understanding of AML red flags, typologies and transaction monitoring data for various lines of businesses

Skills That Will Help You Excel

• A clear and articulate speaker who is able to convey complex knowledge and ideas in a simply and easily understood way to staff at all levels
• A proactive approach to tasks & responsibilities
• A team player displaying strong interpersonal skills with the ability to manage the team’s workload and your own
• Able to display effective decision-making skills and strong problem-solving skills.
• Able to identify, escalate and communicate issues to management in an effective and succinct manner.
• Able to lead a group of professionals by goal setting and driving completion of assigned tasks.
• Direct or indirect experience in Big Data and/or Data Science
• Excellent at drafting written and delivering oral communications
• Experience managing various projects simultaneously
• Experienced at building and leading a large team of subject-matter experts
• Meticulous with a strong attention to detail and the ability to multitask
• The ability to work under pressure and within tight deadlines with no loss of accuracy

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York Cit 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 and/or religion.

The salary range for this position in New York City is $170,000 to $280,00.  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.

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Deutsche Bank Benefits

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We 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 - Veterans/Disabled 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.