MLRO and Deputy Compliance Officer

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.

Responsibilities

• 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 Responsibilities

• Advising on and ensuring implementation of AFC policies and procedures
• 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
• ABC: Helping in promoting AFC’s responsibility for ABC in country

Requirements

• 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
• Fluency in English and 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

Benefits

• Life Insurance
• Accidental Death Insurance
• Permanent Partial Disability Insurance
• Private Medical Insurance for you, your spouse and dependent children
• Flexible working arrangements
• 30 days of annual paid leave, plus public holiday & Flexible Working Arrangement
• DB contributions to Employee Workplace Savings "Gosi" plan (for Saudi nationals only)