Anti-Money Laundering, Model Remediation – Assistant Vice President

Job Description:

Job Title AFC AML – Model Remediation

Corporate Title Assistant Vice President

Location New York, NY

Overview

Deutsche Bank benefits from having a highly experienced and dedicated Anti Financial Crime (AFC) function, which performs a crucial role in keeping Deutsche Bank’s business operations and global financial services clean from financial crime while serving the interests of the Bank and society. Our regional/global matrix structure allows for flexible responses to challenges in the core areas of: Anti-Money Laundering, Sanctions & Embargoes, Anti-Fraud, Bribery & Corruption, Investigations & Intelligence, Monitoring & Screening, and Risk Assessment. Our AFC Team will provide you with opportunities to learn, grow and define your career. We foster an open, diverse, and inclusive team culture, that is engaged and well-supported for prosperity and enjoyment of a life/work balance.

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 You’ll Do

• Query, design and analyze and manipulate transactional line of business data involving anti-money laundering (AML) Transaction Monitoring Scenarios, key performance indicator (KPIs), Metrics and Statistics Collaborate with AFC Modelling team on Tuning & Optimization exercises

• Quant Analytics, design, modify and improve, execute quant statistical and analytical methods to ensure a proper assessment of model metrics . Assist and ensure a proper interpretation of such methods and metrics

• Review and work proactively to address open AML TM findings from Model Validation, Audit and other independent bodies in a timely fashion

• Play key role in strengthening model governance and the foundational TM assessment called Ongoing Performance Monitoring and its Key Performance Indicators, which need to be conducted quarterly

• Play key role in assisting to automate model performance assessments and semi automation of model component reporting (LaText )

• Review and address open AML TM findings from Model Validation, Audit and other independent bodies in a timely fashion

Skills You’ll Need

• Bachelor’s/ Master’s degree in Mathematics, Economics, Computer Science, Data Science, MIS, Information Management, or Statistics preferred

• Moderate  years of experience in Financial Crime space with expertise in the remediation of Model Validation findings, or regulatory related findings; Model Risk Quantification, model parametrization, model assumptions and limitation assessments, model implementation, model quant-based sampling methodologies; working with very large dataset over multiple time frames

• Proficient in financial crime compliance covering multiple product lines such as correspondent banking, wealth management, brokerage, trade and asset management; Knowledge and understanding of financial crime and AML policies, procedures and control arrangements in a complex financial organization; Knowledge of AML transaction monitoring systems, preferably Mantas, Actimize or Prime – experience with TM system Tuning & Optimization (ATL/BTL) analysis a plus

• Strong knowledge of building, modifying complex queries (HIVE, IMPALA, MSSQL, Oracle) and Python based analytics and data manipulations, including usage of packages for Machine Learning and LaTex (report writing); Extensive experience with AML transaction monitoring data and data analysis

• Direct or indirect experience in Big Data and/or Data Science; Strong experience in analyzing data from multiple sources, including hands-on experience with Data Quality and Remediation tasks, and demonstrated experience with Oracle, Structured Query Language (SQL), Sharepoint, Jira

Skills That Will Help You Excel

• A strong team player and goal oriented with a positive outlook

• Flexible and able to adapt to urgent deliverable timelines

• Able to demonstrate excellent verbal and written, analytical, judgment, and research skills

• Meticulous, with a strong attention to detail and the ability to multitask

• Able to interpret complex requirements and work proactively with stakeholders in different organizational units

Expectations

It is the Bank’s expectation that employees hired into this within the local New York market will work in the New York office in accordance with the Bank’s 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 $110,000 to $142,250. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s 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. That’s 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!

Learn more about your life at Deutsche Bank through the eyes of our current employees:  https://careers.db.com/life

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We welcome applications from all people and promote a positive, fair and inclusive work environment.

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