Group OFAC Officer & Head of Americas Sanctions Oversight - Director
Job Description: Job Title Group OFAC Officer & Head of Americas Sanctions Oversight Corporate Title Director Location New York
Overview
Anti-Financial Crime (AFC) is responsible for Deutsche Banks overall Anti-Money Laundering Program, including oversight of the New Client Adoption (NCA), Know Your Customer (KYC), transactions and products processes giving rise to potential financial crime. The Anti-Money Laundering Compliance Officer (AMLCO) position will advise on transactions and products, consider potential reputational risk and oversee the KYC process for High Risk clients, with a specific focus on Regular (aka Periodic) KYC Reviews, Event Driven Reviews and remediation of KYC files for all businesses within Investment Bank or Corporate Bank (together the Business ). You will be able to get up to speed with content quickly and learn how to navigate the organization across the global and regional Anti-Financial Crime, Operations, Legal, Client Lifecycle Management (CLM) and Business teams.
What We Offer
You A diverse and inclusive environment that embraces change, innovation, and collaboration A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days Employee Resource Groups support an inclusive workplace for everyone and promote community engagement Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits Educational resources, matching gift and volunteer programs What Youll Do Implement and oversee the regional Sanctions & Embargo policy framework, ensuring it aligns with global standards and core organizational requirements Exercise senior decision-making authority on regional sanctions-related activities, including business transactions, account openings, and new business relationships Provide strategic leadership in designing and implementing the regional Sanctions & Embargo program, contributing to shaping the global program with clear deliverables Oversee the control framework for managing policy exemptions and lead regional regulatory remediation activities related to sanctions, including audit and self-identified issues Act as the primary contact for US regulators and internal/external auditors on sanctions compliance, providing AFC expertise for business strategies, projects, and transactions Monitor regional legal and regulatory developments on sanctions, serve as an escalation point for risk directives, and liaise with Office of Foreign Assets Control (OFAC) on regulatory matters as the Banks OFAC Officer How Youll Lead Interacting with senior leadership throughout the Bank, including Board and ExCo members Close coordination with the Global Head of Sanctions and Global Sanctions Central Team members Interact with the Regional Heads of Sanctions within UKI, Germany/EMEA and APAC Skills Youll Need Extensive in sanctions-related field and, ideally, financial crimes compliance more generally and thorough understanding and application of relevant Sanction & Embargoes regulation and legislation regionally, with particular expertise in US sanctions laws and regulations Extensive product knowledge across Corporate Banking, Investment Banking, Private Banking / Wealth Management, and Asset Management Proven experience with regulators and managing regulatory examinations, enforcement orders, and complex remediation plans Experience of working within a multinational organization(s) with a highly diverse array of stakeholders spanning multiple jurisdictions Demonstrated experience driving and influencing change in global cross-functional initiatives (Business, Operations, Technology, etc.) for Sanctions related business and technology initiatives Skills That Will Help You Excel A senior and seasoned professional with a can do attitude and exemplary communication skills A strong strategic thinker and capable of supporting a large change program while also managing an important, growing client facing run the Bank service Robust, credible and organizationally savvy, with an ability to grasp complex issues quickly In possession of a delivery-focused mind-set Able to work independently to manage projects and deliverables to completion Expectations It is the Banks expectation that employees hired into this role will work in the New York office in accordance with the Banks 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 $280,500. Actual salaries may be based on a number of factors including, but not limited to, a candidates skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration. Deutsche Bank Benefits At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. Thats why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more! 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