Job Description

Summary

The Country Compliance Officer will (either directly or through the function):

• identify, assess, advise, monitor and report on the regulatory and compliance risks for their assigned Deutsche Bank country branch

• manage the Bank’s regulatory and compliance risks, and develop and maintain an appropriate internal control framework

• protect Deutsche Bank against Compliance risks which may include client detriment, regulatory sanctions, financial loss and reputational damage

• advise staff across the Bank on ethical conduct, and external regulatory challenges

• manage country regulatory relationships ensuring appropriate support and escalation

• partner with the business in understanding and managing related risks and controls.

Responsibility

The Country Compliance Officer advises the Business and Infrastructure teams about Compliance-related matters. He/she is responsible for the following tasks:

1. 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 DB Group standards across the activities and business operating model of the assigned country, that fall under the Compliance risk types

• the prevention and escalation of issues, incidents and breaches relating to Compliance

• the implementation of processes and procedures regarding abuse of assets, systems, information or procedures, for example those involving Confidential Information and Price Sensitive Information (PSI)

• cross-border compliance related matters.

2. Ensure implementation and maintenance of adequate policies and procedures with clarity of accountability and ownership across the first and second lines of defence; ensure such documents support the local country requirements, local management and staff in complying with all related legal and regulatory obligations, relevant Deutsche Bank Group standards as well as best practices and integrity standards applicable to their activities.

3. Report regularly to the relevant Deutsche Bank Country Operating Committee (or equivalent local committee) and, where necessary, Regulatory Authorities on Compliance matters, amongst others, indicating whether:

• any significant risk exposures and material incidents of non-compliance have been identified

• appropriate measures have been taken to address any gaps or deficiencies

• the Compliance frameworks (structure and processes) are adequate, effective and in line with legal, regulatory and Deutsche Bank Group requirements.

4. Undertake and be actively involved in proactive and reactive management and escalation of all Compliance risks, issues and breaches, for example, conducting risk assessments.

5. Monitor and test compliance with laws, rules, regulations and internal controls in accordance with agreed policy and methodology; report and manage any findings or issues, and support management in their identification of appropriate remedial action plans.

6. Participate in, and provide compliance support to, relevant projects ensuring adherence to related standards, mitigation of associated risks and strong stakeholder consideration particularly focussed on the client or customer.

7. Liaise with Compliance senior management within DB Group to ensure appropriate reporting and escalation of issues and/or incidents.

8. Provide compliance advice regarding development of new products in line with appropriate processes and procedures; ensure clear demarcation of such advice from that of other control functions.

9. Support a compliance aware culture within the assigned country, including regular and appropriate local education, training and awareness by leveraging related global initiatives.

10. Participate in local and global Compliance projects instigated by Deutsche Bank Group.

11. Act as a direct contact point for Deutsche Bank country staff to confidentially raise concerns in relation to compliance matters or when improper or illegal activities are suspected (e.g. conflicts of interest, money laundering, market abuse etc.)

12. Provide local and regional support to the Regional and Global Compliance management teams, as and when required.

Requirement

• Fluent in written and spoken English

• Significant experience working as Compliance Officer in a local or international financial institution or within a Regulatory Authority – desirable but not essential

• Advisable to have the necessary certification as per regulatory requirement to support the role (Compliance Certification and Risk Management)

• Familiar with Compliance related laws and regulations, including international and European laws

• Excellent knowledge of banking and investment products preferred

• Good knowledge of regional Directives and Regulations that impact the cross-border marketing of products in the assigned country

• Project management skills for managing local Compliance projects in close collaboration with the businesses and to support the rollout of projects initiated by global Compliance – desirable but not essential

• Strong personality, comfortable with challenging anyone about any action in an appropriate and balanced manner

• Able to handle stressful situations with internal clients and regulators whilst maintaining a professional approach to problem solving

• Capable of building up good connections with local legal, regulatory and public authorities

• Able to work in a matrix structure

• Adopts a hands-on and proactive approach

• Able to partner with Compliance peers and other advisory, risk and control functions

• Able to partner with senior management, both within the assigned Deutsche Bank country and within the Deutsche Bank Group

• Possesses and demonstrates integrity and discretion

• Has affinities with Audit or experience in risk management – desirable but not essential.

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.