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Company Info
Resource Solutions - Deutsche Bank

Company Profile

Compliance Officer and Guernsey Money Laundering Reporting Officer

Posted by Resource Solutions - Deutsche Bank on 11.18.2015
Job ID: 798047
Location: Guernsey, Channel Isles, United Kingdom
Job Category: Accounting
Salary: per year
Job Views: 1875
Post Code:
Employment Type: Full time
Posted: 11.18.2015

Job Description

Deutsche Bank

Deutsche Bank is a client-centric global universal bank. One that is leading change and innovation in the industry - championing integrity, sustainable performance and innovation with our clients, and redefining our culture and relationships with each other.

Legal, Compliance and Government & Regulatory Affairs

Our Legal, Compliance and Government & Regulatory Affairs department manages the legal services, reviews trade reports, and educates to avoid unintentional rule breaches or conflicts of interest, and advices on regulatory and political challenges.

We protect the integrity and reputation of the bank by managing legal risk to make transactions viable and safe. We advise on ethical conduct and identify regulatory solutions. We promote and foster lawful and ethical business through a true partnership with the business.

Deutsche Bank is a multi service universal bank. It supplies many different products and services to a large variety of customers and counterparties around the world. In such a complex business, you'll join a team that works with management on coordination between business lines to avoid unintentional rule breaches or conflicts of interest. It's our job to make sure the Bank has the most up to date information on regulatory and political challenges and continues to be viewed as a trusted voice and respected leader. It's an exciting time to work at a Bank and a career with this division would put you at the forefront of cultural change in the financial industry.

Job title: Compliance Officer and Guernsey Money Laundering Reporting Officer
Corporate title: Vice President
Division: Compliance
Location: Guernsey


In this role based in Guernsey, you will be providing primary Compliance coverage for the Bank's Global Trust Solutions (GTS) Division. In addition you will be involved in Compliance projects across the Channel Islands and also the Money Laundering Reporting Officer (MLRO) role for all Guernsey regulated entities.

Key responsibilities

  • Providing compliance advisory services to staff and management as required, with primary responsibility for the Global Trust Solutions (fiduciary) Division (GTS)

  • Assessing strengths and weaknesses of current GTS compliance program and develop proposals to change and enhance the program

  • Advising Management on Compliance, Regulatory and Anti-Money Laundering (AML) risk issues, including how new developments will impact the GTS business

  • Writing or revising relevant governing policies and procedures to adapt to regulatory and business changes

  • Reviewing and challenging policies developed by the business

  • Identifying risks and developing and executing the Quality Assurance and Monitoring Program within set timeframes. Ensuring that risks are escalated in a timely manner and that Group Management Information reporting deadlines are met

  • Perform Compliance review and approval of new products, services and marketing documents to be utilised by GTS

  • Acting as MLRO and protecting the Bank from AML/Corporate Finance Treasury (CFT) risks, reviewing internal Suspicious Activity Report forms and after appropriate investigation, externalise to the Financial Intelligence Service

  • Participating on behalf of Compliance at Board, Committee and project meetings ensuring the effective communication of issues raised to and by the Channel Islands Compliance Team

  • Effectively and openly engaging with and managing local regulatory relationships

  • Supporting the identification of training needs and developing and delivering training where appropriate (including AML and induction training), ensuring that training is adequate and effective

  • Working with the business to ensure that Key Operating Procedures are maintained, as well as reviewing and amending Compliance Key Operating Procedures

  • Performing Compliance review and approval of new products, services and outsourcing requests

  • Signing off of new business and periodic reviews for relevant clients

  • Building and maintaining strong relationships with our functional and business colleagues to ensure we continually improve our control environment within the Channel Islands

  • Managing upstream regulatory risks through the appropriate channels

  • Attending appropriate industry and regulatory body meetings in order to maintain awareness and enhance network

  • Delivering managing and executing projects, as required, on behalf of Channel Islands Compliance

  • Managing and developing another locally based Compliance officer

  • Contributing to the Bank's culture whilst supporting the Bank's objectives and values

You will have:

  • A strong background in compliance and regulatory risk matters within financial services

  • An understanding of a wealth management business including Banking, custody, trusts and funds

  • A relevant professional qualification eg Institute of Chartered Accountants (ICA), Law Bachelors Degree (LLB)

  • Unquestionable integrity

  • Experience in management or an aptitude and desire to develop into a people management role

You will be:

  • Open to travelling to Jersey if required

  • An expert in relevant local regulations

  • An excellent team worker with communication, presentation and influencing skills

  • An analytical thinker

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital/civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.

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