Description
:
Location: Luxembourg
Department: Anti-Financial Crime (AFC) - Transaction Monitoring
Job Type: Full-time
Purpose
For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division. Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.
Role Overview: AFC serves to ensure that Deutsche Bank acts with integrity and discipline regarding the legal and regulatory requirements of the AML regime. AFC vision is to ‘Proactively protect our clients, our bank, and our society from financial crime risk ’AFC mission is to ‘Continually enhance an effective, efficient and sustainable financial crime control framework’
We are seeking a highly motivated and experienced AFC Officer - Transaction Monitoring to join our Anti-Financial Crime (AFC) team in Luxembourg. This critical role involves leading a team of Transaction Monitoring investigators/analysts responsible for identifying, investigating, and reporting suspicious financial activity across various business lines. The successful candidate will play a pivotal role in strengthening Deutsche Bank's financial crime defences, ensuring compliance with global regulatory requirements, and driving operational excellence within the Transaction Monitoring function.
Responsibilities:
·Team Leadership & Development:
oLead, mentor, and develop a team of Transaction Monitoring investigators/analysts, fostering a high-performance culture focused on quality, efficiency, and compliance.
oOversee daily operations, workload allocation, performance management, and career development for team members.
oProvide expert guidance and coaching on complex investigations, typologies, and regulatory expectations.
oConduct regular performance reviews, identify training needs, and ensure continuous professional development for the team.
·Transaction Monitoring Investigations:
oOversee the end-to-end investigation process of suspicious alerts generated by various Transaction Monitoring systems.
oEnsure timely and accurate review, analysis, and disposition of alerts, including conducting enhanced due diligence where necessary.
oGuide the team in preparing high-quality Suspicious Activity Reports (SARs) / Suspicious Transaction Reports (STRs) and other regulatory filings, ensuring adherence to internal policies and regulatory standards.
oProvide quality assurance oversight of team's investigations and documentation.
·Operational Excellence & Process Improvement:
oIdentify and implement process efficiencies and improvements within the Transaction Monitoring workflow to enhance detection capabilities, reduce false positives, and optimize operational costs.
oContribute to the ongoing development and calibration of Transaction Monitoring rules, scenarios, and models in collaboration with analytics and technology teams.
oDevelop and maintain robust operational procedures, guidelines, and best practices for the team.
oUtilize data and metrics to monitor team performance, identify trends, and drive continuous improvement initiatives.
·Regulatory Compliance & Risk Management:
oEnsure the team's strict adherence to all relevant AML/CTF laws, regulations (e.g., BSA, Patriot Act, 4th/5th AMLD, Luxembourg AML regulations), internal policies, and global AFC standards.
oStay abreast of evolving financial crime typologies, regulatory expectations, and industry best practices to proactively address emerging risks.
oParticipate in internal and external audits, regulatory examinations, and provide necessary documentation and explanations.
oCollaborate with other AFC functions (e.g., Sanctions, Anti-Bribery & Corruption, KYC) to ensure a holistic approach to financial crime risk management.
·Stakeholder Management:
oCollaborate effectively with internal stakeholders across business lines, Technology, Operations, Compliance, and other AFC functions.
oCommunicate complex financial crime issues and investigation outcomes clearly and concisely to senior management and other relevant parties.
oRepresent the Transaction Monitoring team in various forums and committees as required.
Skills:
·Education: Bachelor's degree in Finance, Economics, Business Administration, Criminal Justice, or a related field. Master's degree or relevant professional certifications (e.g., CAMS, ICA Diploma in Anti-Money Laundering) strongly preferred.
·Experience:
oMinimum of 7-10 years of experience in Anti-Financial Crime, with a significant focus on Transaction Monitoring within a large financial institution.
oProven experience in a leadership or supervisory role, managing and developing teams of financial crime investigators/analysts.
oDemonstrated expertise in AML/CTF regulations, financial crime typologies, and investigation techniques, with specific knowledge of Luxembourgish AML regulations being a significant advantage.
oExperience with major Transaction Monitoring systems (e.g. Smaragd, Actimize, Mantas, Quantexa) and case management tools.
oStrong understanding of banking products, services, and associated financial crime risks.
·Technical Skills:
oProficiency in Transaction Monitoring systems and AFC tools.
oStrong analytical and problem-solving skills, with the ability to interpret complex data and identify suspicious patterns.
oAdvanced proficiency in Microsoft Office Suite (Excel, PowerPoint, Word).
oFamiliarity with data analytics tools or SQL is a plus.
·Soft Skills:
oExcellent written and verbal communication skills, with the ability to articulate complex issues clearly and concisely to diverse audiences.
oStrong leadership, coaching, and mentoring abilities, with a passion for developing talent.
oExceptional attention to detail and ability to maintain accuracy under pressure.
oAbility to work effectively in a fast-paced, dynamic, and highly regulated environment.
oHigh level of integrity, ethical conduct, and sound judgment.
The successful candidate will be asked to present a recent criminal record.
Well-being & Benefits:
Emotionally and mentally balanced:
We support you in maintaining good mental health. Benefit from initiatives such as training events, counseling and support in difficult life situations and a culture where you can openly speak about mental health. Reach out to our Mental Health First Aiders.
Physically thriving:
We support you managing your physical health by taking appropriate preventive measures and providing a workplace that helps you thrive. We offer an in-house gym, standing desks, medical check-ups and promote healthier ways of working.
Socially connected:
We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self-confidence and well-being. Our local benefits vary from different types of leave, sports groups to engage with colleagues while keeping physically active and a hybrid working model.
Financially secure:
We support you to meet personal financial goals during your active career and for the future.
Thus, we offer two pension contribution plans, a worldwide accident insurance, private insurance discounts, special conditions as a Deutsche Bank employee with several retail banks in Luxembourg, public transportation reimbursement, lunch voucher scheme, company car participation, as well as a Corporate Benefits platform.
We strive for a 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.